Ben Leyland
Senior Fund Manager
Investment Objective
The investment policy of the Fund is to invest in a portfolio of global equity securities listed on any
Recognised Market. The selection of equity securities will primarily be driven by a cashflow analysis from the perspective of a long-term business owner. At no time will less than 80% of the Fund’s total net assets be invested in such securities. The benchmark of the Fund, for performance fee calculation purposes, will be the Index but the Fund will be managed on an ‘unconstrained basis’ with no restrictions in terms of regional or sector allocation versus this benchmark.
Recognised Market. The selection of equity securities will primarily be driven by a cashflow analysis from the perspective of a long-term business owner. At no time will less than 80% of the Fund’s total net assets be invested in such securities. The benchmark of the Fund, for performance fee calculation purposes, will be the Index but the Fund will be managed on an ‘unconstrained basis’ with no restrictions in terms of regional or sector allocation versus this benchmark.
Fund details
Data as at 30 September 2020
| Fund size | GBP 398.27m | |||||||||||||||||||||
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| Strategy size | GBP 3.31bn (as at 30 June 2020) | |||||||||||||||||||||
| Benchmark | MSCI AC World NR 12pm adjusted | |||||||||||||||||||||
| Domicile | Ireland | |||||||||||||||||||||
| Denomination | GBP, EUR, USD | |||||||||||||||||||||
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| Unit type | Distribution | |||||||||||||||||||||
| Minimum investment |
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| Valuation point | Daily (12pm, UK time) | |||||||||||||||||||||
| Dealing frequency | Daily 9-5pm | |||||||||||||||||||||
| Fund codes |
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Fund ratings and awards
Data as at 30 September 2020
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Notes
©2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar Overall Ratings and Morningstar Analyst Ratings are as at 30/06/2020.
Fees and charges
| Initial charge | Up to 5% |
|---|---|
| Annual mgmt charge (A) | 0.75% |
| Annual mgmt charge (B) | 1.50% |
| Performance fee | 15% on excess if Fund outperforms benchmark, calculated daily. Any underperformance carried forward. This fee applies to all share classes. |
Administration
| Status | UCITS |
|---|---|
| Investment manager | J O Hambro Capital Management Limited |
| Transfer agent and registrar | RBC Investor Services Limited |
| Depositary | RBC Investor Services Limited |
The information provided on this webpage is for professional advisers only. The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies. You should be aware that past performance is no guarantee of future performance.
Investors should note that this strategy may invest in emerging markets and such investments may carry risks with failed or delayed settlement and with registration and custody of securities. Companies in emerging markets may not be subject to accounting, auditing and financial reporting standards or be subject to the same level of government supervision and regulation as in more developed markets. Government involvement in the economy may affect the value of investments in certain emerging markets and the risk of political instability may be high. The reliability of trading and settlement systems in some emerging markets may not be equal to that available in more developed markets which may result in problems in realising investments. Lack of liquidity and efficiency in certain of the stock markets or foreign exchange markets in certain emerging markets may mean that from time to time the Investment Manager may experience difficulty in purchasing or selling holdings of securities. Furthermore, due to local postal and banking systems, no guarantee can be given that all entitlements attaching to quoted and over-the counter traded securities acquired by this strategy, including those related to dividends, can be realised.
The annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
