JOHCM European Select Values Fund

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Fund Description

Fund manager Robrecht Wouters has a highly selective, valuation-oriented investment style, which focuses on undervalued pan-European companies that generate high returns on capital. His stock-picking approach is unconstrained by benchmark weightings and combines traditional ‘value’ investing (focusing on attractive valuations) and ‘quality’ characteristics, such as high return on capital employed.
 

Investment Strategy
  • Robrecht uses a disciplined, bottom-up stock selection process to find companies that he believes to be fundamentally undervalued
  • The investment approach is highly selective, focusing on cash flow generation and return on equity
  • The quality of the companies’ business models, rather than changes in earnings per share, is also essential; Robrecht believes that, over time, value companies with high ROCE and strong cash flow should outperform
  • In Robrecht’s view, a portfolio with higher quality companies and ideas, which are strong in conviction, provides greater potential for capital appreciation
  • Please note that this fund, under UCITS regulations, makes use of derivatives for the purpose of efficient portfolio management only. For further information on his derivatives use, please contact JOHCM Investor Relations.
Reasons To Invest
  • Robrecht has a very strong long-term track record and is a true value stock picker
  • The focus on quality and value factors typically leads to a low absolute volatility of returns despite the portfolio being fairly concentrated, with typically 40-50 stocks
  • The fund is aimed at investors who want to invest in a long-term, absolute return-orientated fund
  • Robrecht Wouters

    Senior Fund Manager

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  • Luis Fañanas

    Fund Manager

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This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments 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.

Other European Equity Funds

JOHCM Continental European Fund

Paul Wild manages this long-established fund with a pragmatic investment process that combines top-down economic and sector views with bottom-up stock picking. The Fund’s core style and risk profile has enabled it to outperform in both up and down markets and helped to build a market-leading performance track record since the Fund’s launch in 2

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JOHCM European Concentrated Value Fund

The Fund was launched in Q1 2015 as a large-cap, concentrated version of the highly successful JOHCM European Select Values Fund (ESV). Managed by experienced European equity investors Robrecht Wouters, long-standing lead manager of the ESV fund, and Luis Fananas, the duo have a highly selective, valuation-oriented investment approach which foc

Read More
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Investment Objective

The Fund aims to achieve long-term capital appreciation by investing in the equity securities of companies listed primarily on exchanges in Europe, including the UK.

Fund details

Data as at 31 August 2022
Fund size GBP 345.23m
Strategy size GBP 381.65m (as at 30 June 2022)
Benchmark MSCI Europe NR 12pm adjusted
Domicile Ireland
Denomination GBP, EUR
Share classes
A GBP (Launch date) 07-May-2003
A EUR (Launch date) 07-May-2003
B GBP (Launch date) 07-May-2003
B EUR (Launch date) 07-May-2003
Y EUR (Launch date) 04-March-2021
Unit type Distribution
XD Date 31 December
Payment date 28 February
Minimum investment
A GBP 1,000
B GBP 1,000
Valuation point Daily (12pm, UK time)
Dealing frequency Daily 9-5pm
Fund codes
ISIN SEDOL
A GBP IE0032904223 3290422
A EUR IE0032904330 3290433
B GBP IE0032904009 3290400
B EUR IE0032904116 3290411
Y EUR IE00BMXC8L31 BMXC8L3

Fees and charges

Initial charge Up to 5%
Annual mgmt charge (A) 0.75%
Annual mgmt charge (B) 1.25%
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
Transfer agent and registrar RBC Investor Services Limited
Depositary RBC Investor Services Limited

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments 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.

Strategy Highlights

As at 31 August 2022

European equities turned sharply negative from mid-August to return -4% for the month. Interest rates started rising again with rising energy prices triggering fear of further, higher inflation and interest rates, dampening consumer spending, reducing Europe’s domestic corporate competitiveness and profitability. With small and midcaps typically more domestically exposed than large caps, they underperformed the market by an additional -200bps. Their underperformance was amplified by technical factors, including limited market liquidity and equity outflows. 

The fund had a difficult month, underperforming by more than 200bps. Electronics retailer Ceconomy was particularly negative. Biomaterials supplier Corbion fell sharply despite strong results showing the company’s pricing power. We cautiously added to the name. Oil tanker group Euronav’s share price rallied by 16%, as large oil tanker daily spot rates are rising. Investors have started to realise the favourable structural imbalance, that is, there is no new supply of ships while demand is expected not rise for years to come.
 
Portfolio activity was limited and with markets declining, the fund’s upside to intrinsic value has risen to +142%. Cyclical fears, energy panic and liquidity are distorting certain stock prices to a degree almost not seen since March 2020.
 

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments 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.

KIIDs
(Key Investor Information Documents)

A GBP A EUR
B GBP B EUR
Y EUR
xx EUR - Non Dist

 

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments 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.

Percentage growth of the fund versus benchmark

Data as at 31 August 2022

A GBP share class, since launch (5 May 2003)

Return history (%)

Data as at 31 August 2022

Standardised Performance

Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. 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.
 


Jun 17 - Jun 18 Jun 18 - Jun 19 Jun 19 - Jun 20 Jun 20 - Jun 21 Jun 21 - Jun 22
Fund -3.99% 2.82% -14.40% 27.08% -18.12%

Monthly returns (%)

Data as at 31 August 2022
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Since inception
Fund 2003 0.80 4.66 4.55 7.71 0.25 5.29 0.24 2.63 29.00
Benchmark 2003 -0.05 1.39 2.63 2.60 -2.15 3.38 2.80 4.29 15.73
Fund 2004 3.33 3.00 -3.93 2.58 -3.25 3.82 -5.37 -0.54 2.97 2.66 5.77 2.17 13.26
Benchmark 2004 0.29 0.67 -2.87 2.72 -1.62 2.78 -3.46 1.74 3.72 1.99 4.64 1.22 12.07
Fund 2005 1.64 3.70 -0.58 -3.66 4.20 3.58 7.79 -0.82 2.76 -6.23 7.01 6.04 27.38
Benchmark 2005 -0.15 3.30 -0.49 -3.44 5.14 2.62 6.34 -1.39 4.48 -3.67 5.02 3.74 22.94
Fund 2006 5.37 3.11 4.55 1.61 -6.84 0.75 -0.30 0.80 4.69 2.22 1.48 2.86 21.60
Benchmark 2006 3.03 2.48 3.82 0.52 -6.19 2.24 1.18 1.26 2.65 2.08 1.05 2.16 17.11
Fund 2007 3.89 0.26 4.62 4.01 2.85 -4.02 -2.17 2.75 -0.16 -2.01 3.45 13.83
Benchmark 2007 0.78 0.50 2.45 5.04 2.93 -2.05 -2.80 -0.42 4.57 2.89 -1.67 1.66 14.38
Fund 2008 -10.29 -0.87 -2.44 1.67 -0.71 -12.64 -6.39 7.37 -10.12 -14.15 -0.66 14.73 -32.36
Benchmark 2008 -11.69 3.60 -0.62 5.21 1.76 -10.02 -0.89 3.56 -13.26 -15.78 1.57 13.49 -24.30
Fund 2009 -7.35 -6.80 8.10 12.61 2.32 -0.89 9.73 9.42 7.73 0.35 1.29 4.21 46.05
Benchmark 2009 -10.67 -10.38 5.38 12.00 2.75 -3.15 8.45 8.93 6.44 -2.42 1.17 3.35 20.64
Fund 2010 -3.39 4.22 8.47 -2.54 -6.02 -2.90 3.57 -2.76 10.34 4.42 -1.45 10.47 22.73
Benchmark 2010 -6.13 2.66 7.93 -3.17 -6.55 -4.29 6.50 -3.58 9.44 2.90 -4.10 7.87 7.76
Fund 2011 -1.63 1.79 2.99 3.51 0.59 -6.32 -7.47 -4.96 9.43 -7.01 1.44 -8.68
Benchmark 2011 1.14 1.32 0.97 3.94 -1.89 -0.24 -4.89 -10.36 -5.77 10.92 -7.02 2.18 -10.87
Fund 2012 3.77 5.14 0.37 -3.29 -6.28 3.22 2.05 3.16 2.11 2.07 1.90 2.63 17.55
Benchmark 2012 4.36 5.26 -1.86 -3.44 -6.96 4.35 2.81 3.18 1.64 2.02 2.34 1.47 15.47
Fund 2013 9.16 3.77 1.79 -1.02 3.16 -2.34 8.78 -1.52 0.41 4.50 -0.86 0.89 29.27
Benchmark 2013 8.45 1.08 -0.11 1.72 3.08 -4.81 6.57 -1.96 1.49 5.49 -0.61 0.80 22.49
Fund 2014 -4.06 4.49 1.77 0.05 2.46 -2.42 -2.60 2.30 -2.59 -1.27 6.31 -1.66 2.24
Benchmark 2014 -3.99 5.78 0.14 0.91 1.58 -2.09 -1.94 1.59 -1.67 -1.00 4.08 -3.13 -0.22
Fund 2015 2.61 2.74 2.69 0.29 2.43 -7.11 2.20 -4.65 -0.97 4.56 1.97 0.18 6.47
Benchmark 2015 4.08 2.64 2.09 -0.18 1.76 -6.01 1.94 -5.33 -3.00 5.11 1.12 -0.99 2.57
Fund 2016 -1.27 4.00 3.03 -0.39 -0.26 4.72 6.10 1.78 0.37 3.29 -5.54 5.83 23.16
Benchmark 2016 -4.32 1.18 3.26 1.17 -0.41 2.37 6.24 2.19 -0.01 4.75 -4.08 5.61 18.75
Fund 2017 1.76 1.48 4.18 1.63 4.07 -0.41 0.12 1.26 -1.08 1.51 -1.57 0.90 14.55
Benchmark 2017 1.42 0.84 3.69 0.71 5.23 -1.33 0.85 1.74 -0.69 1.93 -1.06 0.52 14.53
Fund 2018 0.38 -3.32 -3.71 1.53 1.33 -1.21 2.81 0.95 -0.02 -5.82 -1.27 -5.34 -13.25
Benchmark 2018 1.01 -3.51 -2.99 5.11 0.51 -0.35 3.74 -1.45 -0.55 -5.60 -0.61 -4.80 -9.60
Fund 2019 2.81 1.84 1.45 5.42 -4.83 5.62 0.49 -4.90 -0.91 -5.73 0.47 0.81 1.77
Benchmark 2019 3.74 1.79 2.14 4.26 -2.57 5.85 2.61 -2.04 0.95 -1.67 1.96 1.36 19.58
Fund 2020 -4.45 -6.49 -11.78 8.41 7.90 2.69 -1.27 3.94 -0.82 -8.03 18.70 4.72 10.17
Benchmark 2020 -1.67 -7.40 -12.09 6.86 5.77 3.50 -1.34 1.75 -0.47 -6.27 14.71 1.90 2.51
Fund 2021 0.03 2.84 1.62 3.61 1.69 -0.86 -1.16 1.37 -1.48 -0.82 -3.89 1.32 4.10
Benchmark 2021 -1.52 0.28 4.22 3.62 1.91 1.09 1.11 2.90 -2.54 1.89 -1.57 4.38 16.65
Fund 2022 -3.87 -3.81 0.04 -0.74 2.92 -9.11 4.76 -4.09 -13.70 481.70
Benchmark 2022 -4.31 -3.67 4.17 -2.22 1.07 -7.63 5.52 -1.90 -9.27 332.65

Source and notes

JOHCM/MSCI Barra/FTSE Group/Bloomberg/Lipper.

Data shown net of fees, net income reinvested.Please note that fund performance is shown against the MSCI Europe NR 12pm adjusted in GBP. Performance of other share classes may vary and is available on request. Data for the period 7 May 2003 to 31 December 2012 is shown against the FTSE Eurofirst 300 TR Index. Where shown, monthly returns table shows compounded discrete monthly performance.

Disclaimer

Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. 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.
 

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments 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.

Fund statistics

Data as at 31 August 2022
Fund size GBP 345.23m
Number of holdings 42

Top 10 holdings and active weights

Data as at 31 August 2022
Top 10 holdings
Oracle 4.66%
Heineken 4.05%
Liberty Global 3.92%
Danone 3.90%
Thyssen Krupp 3.80%
EURONAV 3.64%
Corbion 3.59%
SWATCH GROUP INH 3.48%
Metro Wholesale & Foods 3.45%
Meyer Burger 3.41%
Top 10 active weights
Oracle +4.66%
Heineken +3.97%
Liberty Global +3.92%
Thyssen Krupp +3.80%
EURONAV +3.64%
Corbion +3.59%
Danone +3.50%
Metro Wholesale & Foods +3.45%
Meyer Burger +3.41%
SWATCH GROUP INH +3.40%

Sector breakdown

Data as at 31 August 2022
Portfolio Benchmark Relative
Consumer Staples 23.09% 14.13% 8.96%
Consumer Discretionary 13.40% 10.41% 2.99%
Materials 11.43% 7.19% 4.24%
Health Care 10.57% 15.55% -4.99%
Industrials 10.20% 14.18% -3.98%
Information Technology 10.03% 7.09% 2.94%
Communication Services 9.52% 3.79% 5.73%
Energy 9.06% 6.56% 2.50%
Utilities 1.23% 4.35% -3.12%
Financials 0.00% 15.72% -15.72%
Real Estate 0.00% 1.02% -1.02%
Cash 1.47% 0.00% 1.47%

Market cap breakdown

Data as at 31 August 2022
Portfolio Benchmark Relative
Large Cap 45.07% 98.92% -53.85%
Medium Cap 23.04% 1.06% 21.98%
Small Cap 30.80% 0.02% 30.78%
Cash 0.69% 0.00% 1.08%

This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments 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.

Fund

As at noon Share class Currency Domicile Sedol number NAV per share Change
JO Hambro Global Select Shariah Fund 05/10/2022 A USD Ireland BMZQQY2 0.937 0.004
JOHCM (ire) Uk Dynamic Fund 05/10/2022 EUR Y EUR Ireland BP6NT66 0.887 -0.009
USD Y USD Ireland BPP4K90 0.944 -0.013
JOHCM Asia ex Japan Fund 05/10/2022 A EUR Ireland B431KK7 2.370 0.071
A GBP Ireland B3RQ272 2.454 0.074
A USD Ireland B435PM6 1.743 0.047
B EUR Ireland B5L49R5 2.378 0.071
B GBP Ireland B3ZQS76 2.392 0.072
B USD Ireland BF7NZT0 1.754 0.047
Z GBP Ireland B44PG77 1.753 0.053
Z USD Ireland BVG7681 1.172 0.032
JOHCM Asia ex Japan Small and Mid Cap Fund 05/10/2022 A EUR Ireland B6R5VD9 2.513 0.028
A GBP Ireland B6R5LS4 2.918 0.032
A USD Ireland B6R5QW3 2.204 0.018
B EUR Ireland B6R5HM0 2.849 0.032
B GBP Ireland B6R63P8 2.832 0.031
B USD Ireland B6R5YM9 2.088 0.016
Z GBP Ireland B4X3T62 2.226 0.025
JOHCM Continental European Fund 05/10/2022 USD Y USD Ireland BPP4K89 0.990 -0.003
JOHCM Continental European Fund 05/10/2022 A EUR Ireland 3300923 3.936 -0.001
A GBP Ireland 3300912 4.925 -0.003
A USD Ireland BJ4G0G2 1.560 -0.001
A Hedged GBP Ireland BSJCJ49 1.347 0.000
B EUR Ireland 3300901 3.953 -0.002
B GBP Ireland 3100543 4.738 -0.002
B USD Ireland BJ4G0H3 1.587 -0.001
GBP X GBP Ireland BP6NT77 0.977 0.000
Y EUR Ireland B98YKX9 1.516 -0.001
Y GBP Ireland B993PD0 1.815 -0.001
Y Hedged GBP Ireland BSJCJ50 1.407 -0.001
JOHCM European Concentrated Value Fund 05/10/2022 A EUR Ireland BW0DJY9 0.873 -0.004
B EUR Ireland BW0DJZ0 0.865 -0.004
Z AUD Ireland BYNJFM8 0.966 -0.004
Z EUR Ireland BYNJFN9 0.804 -0.005
JOHCM European Select Values Fund 05/10/2022 A EUR Ireland 3290433 2.936 -0.027
A GBP Ireland 3290422 4.609 -0.043
B EUR Ireland 3290411 1.962 -0.018
B GBP Ireland 3290400 4.214 -0.039
Non-Distributing EUR Ireland BSFWK51 1.089 -0.010
X EUR Ireland B4K14L9 1.400 -0.013
Y EUR Ireland BMXC8L3 0.791 -0.007
JOHCM Global Emerging Markets Opportunities Fund 05/10/2022 A EUR Ireland B3ZBLW7 1.543 0.027
A GBP Ireland B4002N4 1.432 0.025
A USD Ireland B4M6CN0 1.052 0.017
B EUR Ireland B4TRCR0 1.527 0.027
B GBP Ireland B41RZ57 1.380 0.024
B USD Ireland B4XXMP2 1.375 0.020
Y USD Ireland BYSGJZ5 1.273 0.019
Y GBP Ireland BYSGJY4 1.725 0.030
Z CAD Ireland BBPK0L2 1.508 0.020
Z GBP Ireland B6R54W9 1.817 0.031
JOHCM Global Income Builder Fund 05/10/2022 A EUR Ireland BFZWPD3 1.081 0.007
A GBP Ireland BFZWPC2 1.070 0.008
A SGD Ireland BFZWPG6 0.954 0.003
A USD Ireland BFZWPF5 0.906 0.003
B EUR Ireland BFZWPJ9 1.032 0.007
Seed EUR Ireland BKF2GH9 0.967 0.007
Seed GBP Ireland BFZWPH7 1.126 0.007
Seed GBP Ireland BHR0DJ1 1.169 0.008
JOHCM Global Opportunities Fund (offshore) 05/10/2022 X Non-distributing NOK NOK Ireland BMFV6C5 10.662 0.045
JOHCM Global Opportunities Fund (offshore) 05/10/2022 A EUR Ireland B7MR557 2.681 0.015
A GBP Ireland B89PQM5 2.472 0.014
A USD Ireland B89JY23 2.099 0.005
A Hedged EUR Ireland BFZWWX2 0.982 0.003
B EUR Ireland B80FZF0 2.442 0.014
B GBP Ireland BF7NZS9 2.692 0.014
B USD Ireland B8295C7 1.976 0.004
X EUR Ireland BJ5JW42 1.224 0.007
X GBP Ireland BQVC9L0 2.114 0.011
X Hedged GBP Ireland BF29TX5 1.064 0.003
Z EUR Ireland BDZD4M4 1.218 0.007
Z GBP Ireland B83MS15 0.993 0.005
JOHCM Global Opportunities Fund (onshore) 05/10/2022 A Accumulating GBP UK BJ5JMC0 1.292 0.007
A Accumulating Hedged GBP UK BKDV8G1 1.049 0.003
A Distributing GBP UK BJ5JMD1 1.216 0.007
X Accumulating GBP UK BJ5JMF3 1.261 0.006
X Distributing GBP UK BJ5JMG4 1.217 0.006
JOHCM Global Select Fund 05/10/2022 A EUR Ireland B3DBRP4 3.914 0.057
A GBP Ireland B3DBRN2 4.245 0.061
A USD Ireland B3T31Z2 1.990 0.023
B EUR Ireland B3DBRM1 3.750 0.054
B GBP Ireland B3DBRL0 4.047 0.057
B USD Ireland B5L7L67 2.247 0.026
Z GBP Ireland B3DCMB8 3.080 0.044
JOHCM Uk Dynamic Fund 05/10/2022 Y GBP Ireland BDGKPZ4 0.906 -0.010
JOHCM UK Dynamic Fund (onshore) 05/10/2022 A Accumilating GBP UK B4T7HR5 2.627 -0.028
A Distributing GBP UK B4T8552 1.737 -0.019
B Accumulating GBP UK B4T7JX5 2.897 -0.030
B Distributing GBP UK B4TXJ33 1.570 -0.016
X Accumulating GBP UK BJ7HNB8 1.027 -0.011
X Distributing GBP UK BJ5JMB9 0.908 -0.009
Y GBP UK BDZRJ21 1.092 -0.011
Y Accumulating GBP UK BDZRJ10 1.518 -0.016
JOHCM UK Equity Income Fund 05/10/2022 A Accumulating GBP UK B03KR50 3.878 -0.097
A Distributing GBP UK B03KP23 1.680 -0.042
B Accumulating GBP UK B03KR83 3.570 -0.089
B Distributing GBP UK B03KR61 1.544 -0.039
X Distributing GBP UK BYV9S21 0.840 -0.021
Y GBP UK B95FCK6 1.135 -0.029
Y Accumulating GBP UK B8FCHK5 1.568 -0.039
JOHCM UK Growth Fund 05/10/2022 A GBP Ireland 3300934 3.364 -0.015
B GBP Ireland 3100554 2.912 -0.013
Non-distributing EUR Ireland BLLV8D7 1.807 -0.008
Non-distributing USD Ireland BLLV8C6 1.668 -0.012
X EUR Ireland BLLV882 1.821 -0.008
X EUR Ireland BLLV8B5 1.700 -0.007
X GBP Ireland BLLV893 1.678 -0.008
X USD Ireland BLLV871 1.682 -0.012
JOHCM UK Opportunities Fund 05/10/2022 A Accumulating GBP UK B0LLB64 2.969 -0.014
A Distributing GBP UK B3K76Q9 1.900 -0.009
B Accumulating GBP UK B0LLB75 2.744 -0.013
B Distributing GBP UK B3K76P8 1.781 -0.008
X Accumulating GBP UK BQJZQQ5 1.369 -0.006
X Distributing GBP UK B95MSF4 1.079 -0.005
Y GBP UK B95J5C1 1.281 -0.006
Y Accumulating GBP UK B95HP81 1.663 -0.008
Regnan Global Equity Impact Solutions Fund (offshore) 05/10/2022 A EUR Ireland BN2BD91 0.875 0.009
A GBP Ireland BN2BD80 0.857 0.008
A USD Ireland BN2BDC4 0.720 0.005
A Hedged EUR Ireland BN2BDB3 0.693 0.006
B USD Ireland BN2BDH9 0.711 0.005
B EUR Ireland BN2BDF7 0.865 0.009
B GBP Ireland BN2BDD5 0.850 0.009
B Hedged EUR Ireland BN2BDG8 0.679 0.004
Seed EUR Ireland BN2BDS0 0.889 0.009
Seed GBP Ireland BN2BDR9 0.871 0.009
Seed USD Ireland BN2BDV3 0.728 0.006
Seed Hedge EUR Ireland BN2BDT1 0.699 0.005
Z GBP Ireland BN2BDN5 0.868 0.009
Regnan Global Equity Impact Solutions Fund (offshore) 05/10/2022 Y CAD CAD Ireland BMWMY49 0.869 0.006
Regnan Global Equity Impact Solutions Fund (onshore) 05/10/2022 A Accumulating GBP UK BMCZDD0 1.012 0.010
F Accumulating GBP UK BMCZDJ6 1.025 0.010
Y Accumulating GBP UK BMCZDK7 1.015 0.010
Regnan Sustainable Water and Waste Fund (offshore) 05/10/2022 A EUR Ireland BLPKC72 0.901 0.005
A USD Ireland BLPKC94 0.794 0.003
A GBP Ireland BLPKC61 0.925 0.006
B EUR Ireland BLPKCC7 0.903 0.005
B GBP Ireland BLPKCB6 0.927 0.005
B USD Ireland BLPKF84 0.795 0.002
Y GBP Ireland BLPKF95 0.926 0.005
Y EUR Ireland BLPKFC8 0.901 0.004
Y USD Ireland BLPKFF1 0.794 0.003
Regnan Sustainable Water and Waste Fund (onshore) 05/10/2022 A Accumulating GBP UK BMYXD32 0.992 0.006
F Accumulating GBP UK BMYXQ55 0.999 0.006
Y Accumulating GBP UK BMYXQ55 0.999 0.006

Dividend Rates

Funds paying monthly dividends

JOHCM Global Income Builder Fund

Share class 01/22 02/22 03/22 04/22 05/22 06/22 07/22 08/22 09/22 10/22
A  GBP 0.3789 0.3654 0.3251 0.3709 0.3481 0.3848 0.3507 0.3439 0.3982 0.3509
A EUR 0.4003 0.3863 0.3443 0.3889 0.3655 0.3990 0.3571 0.3622 0.4055 0.3547
A USD   0.3812 0.3676 0.0349 0.3634 0.3242 0.3611 0.3151 0.3128 0.3431 0.2930
A SGD  0.3823 0.3665 0.3256 0.3641 0.3321 0.3661 0.3248 0.3189 0.3548 0.3107
B EUR 0.3850 0.3712 0.3306 0.3731 0.3503 0.3820 0.3416 0.3462 0.3872 0.3385
Seed GBP 0.3978 0.3838 0.3416 0.3470 0.3262 0.3562 0.3189 0.3619 0.4193 0.3695

Net dividends quoted in the local share class currency.

If you require the dividends for previous time periods, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled).

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

Share class Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22
A distributing GBP 1.5930 1.1154 1.2632 1.0771 1.1681 2.3283 3.0863 1.2881 1.9828 3.4453
A accumulating GBP 3.2391 2.2958 2.6218 2.2581 2.4649 4.9447 6.6368 2.8152 4.3509 7.6541
B distributing GBP  1.4790 1.0379 1.1739 0.9997 1.0825 2.1559 2.8539 1.1897 1.8271 3.1746
B accumulating GBP 3.0210 2.1395 2.4391 2.0980 2.2869 4.5836 6.1431 2.6020 4.0228 7.0604
Y distributing GBP 1.0730 0.7534 0.8514 0.7263 0.7879 1.5709 2.0833 0.8697 1.3383 2.3274
Y accumulating GBP 1.3051 0.9242 1.0570 0.5363 0.9944 1.9953 2.6787 1.1364 1.7602 3.0924

Dividends are quoted and paid in pence per share

XD dates: 31 March, 30 June, 30 September and 31 December
Payment dates: 31 May, 31 August, 30 November and 28 February

The quarterly table above shows the last two years net dividends (on a XD rather than a paid basis) for this fund. If you require the dividends for previous time periods, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled).

Funds paying semi-annual dividends

All funds have a XD date of 1 July 2022 and pay date of 31 August 2022.

JOHCM UK Dynamic Fund

Share class Currency Pay date Dividend paid in  Dividend rate
Y GBP 31 Aug 2022 pence per share 2.1779

Funds paying annual dividends

All funds have a XD date of 31 December 2021 and pay date of 28 February 2022.


JOHCM Asia ex Japan Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 0.0000
A EUR 28 Feb 2022 cents per share 0.0000
A USD 28 Feb 2022 cents per share 0.0000
B GBP 28 Feb 2022 pence per share 0.0000
B EUR 28 Feb 2022 cents per share 0.0000
B USD 28 Feb 2022 cents per share 0.0000
Z GBP 28 Feb 2022 cents per share 1.2717
Z USD 28 Feb 2022 cents per share 1.0094

JOHCM Asia ex Japan Small and Mid Cap Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 0.0000
A EUR 28 Feb 2022 cents per share 0.0000
A USD 28 Feb 2022 cents per share 0.0000
B GBP 28 Feb 2022 pence per share 0.0000
B EUR 28 Feb 2022 cents per share 0.0000
B USD 28 Feb 2022 cents per share 0.0000
Z GBP 28 Feb 2022 cents per share 0.0000

JOHCM Concentrated Global Share Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2022 pence per share 0.0000

JOHCM Continental European Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 8.6863
A EUR 28 Feb 2022 cents per share 7.2518
A - hedge GBP 28 Feb 2022 pence per share 2.3783
B GBP 28 Feb 2022 pence per share 5.7899
B EUR 28 Feb 2022 cents per share 5.0477
B - hedge USD 28 Feb 2022 cents per share 1.8425
Y GBP 28 Feb 2022 pence per share 3.4475
Y - hedge GBP 28 Feb 2022 pence per share 2.6955
Y EUR 28 Feb 2022 cents per share 3.0103

JOHCM European Select Values Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2022 pence per share 3.4279
A EUR 28 Feb 2022 cents per share 2.2816
B GBP 28 Feb 2022 pence per share 0.4023
B EUR 28 Feb 2021 cents per share 0.1956
Y EUR 28 Feb 2022 cents per share 0.6184

JOHCM European Concentrated Value Fund

Share class Currency Pay date Dividend paid in Dividend rate
A EUR 28 Feb 2022 cents per share 0.8126
B EUR 28 Feb 2022 cents per share 0.3158
Z EUR 28 Feb 2022 cents per share 1.5455

JOHCM Global Emerging Markets Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 2.8311
A EUR 28 Feb 2022 cents per share 3.1858
A USD 28 Feb 2022 cents per share 2.4633
B GBP 28 Feb 2022 pence per share 1.8347
B EUR 28 Feb 2022 cents per share 2.1208
B USD 28 Feb 2022 cents per share 2.1654
Y GBP 28 Feb 2022 pence per share 3.6898
Y USD 28 Feb 2022 cents per share 3.1258
Z GBP 28 Feb 2022 cents per share 5.3164

JOHCM Global Opportunities Fund (onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 2.5871
A EUR 28 Feb 2022 cents per share 5.0441
A USD 28 Feb 2022 cents per share 4.8886
B EUR 28 Feb 2022 cents per share 4.6750
B USD 28 Feb 2022 cents per share 4.6865
A - hedged GBP 28 Feb 2022 pence per share 2.6653
A - hedged EUR 28 Feb 2022 cents per share 2.2077
X GBP 28 Feb 2022 cents per share 2.4784
X EUR 28 Feb 2022 cents per share 2.2293

JOHCM Global Opportunities Fund (offshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 4.5789
A EUR 28 Feb 2022 cents per share 5.1902
A USD 28 Feb 2022 cents per share 4.6148
B GBP 28 Feb 2022 pence per share 5.0376
B EUR 28 Feb 2022 cents per share 4.7737
B USD 28 Feb 2022 cents per share 4.3909
A - hedged EUR 28 Feb 2022 cents per share 2.3372
X GBP 28 Feb 2022 cents per share 3.9139
Z GBP 28 Feb 2022 cents per share 1.8229
X - hedged GBP 28 Feb 2022 cents per share 2.4327
X EUR 28 Feb 2022 cents per share 2.3658

JOHCM Global Select Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2022 pence per share 0.0000
A EUR 28 Feb 2022 cents per share 0.0000
A USD 28 Feb 2022 cents per share 0.0000
B GBP 28 Feb 2022 pence per share 0.0000
B EUR 28 Feb 2022 cents per share 0.0000
B USD 28 Feb 2022 cents per share 0.0000
Z GBP 28 Feb 2022 pence per share 2.9482
Z USD 28 Feb 2022 cents per share 2.5658


JOHCM UK Dynamic Fund

Please note that with effect from 1 January 2022, this fund will make semi-annual distributions.

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 30 June 2022 pence per share 4.2307
A - accumulating GBP 30 June 2022 pence per share 6.2512
B - distributing GBP 30 June 2022 pence per share 3.8318
B - accumulating GBP 30 June 2022 pence per share 6.9098
Y - distributing GBP 30 June 2022 pence per share 2.6563
Y - accumulating GBP 30 June 2022 pence per share 3.6096

JOHCM UK Growth Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2022 pence per share 5.8783
B GBP 28 Feb 2022 pence per share 3.1115
X GBP 28 Feb 2022 pence per share 3.1342

JOHCM UK Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2022 pence per share 5.5257
A - accumulating GBP 28 Feb 2022 pence per share 8.4140
B - distributing GBP 28 Feb 2022 pence per share 5.2121
B - accumulating GBP 28 Feb 2022 pence per share 7.8256
Y - accumulating GBP 28 Feb 2022 pence per share 3.7193
Y - distributing GBP 28 Feb 2022 pence per share 4.7060

 

Net dividends quoted in the local share class currency.

If you would like more information, please contact RBC directly on 00353 14406555 or by fax on 00353 16131132 (0845 450 1974 and 02077475690 have been disabled). Email us at oeicdealing@johcm.co.uk.

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Webcasts & Videos

  • JOHCM European Select Values Fund Q1 2021 Update

    15 Apr 2021 | 40 mins

  • JOHCM European Select Values Fund Q4 2020 Update

    15 Jan 2021 | 32 mins

  • JOHCM European Select Values Fund Q3 2020 Update

    14 Oct 2020 | 44 mins

  • JOHCM European Select Values Fund Q2 2020 Update

    09 Jul 2020 | 43 mins

  • Robrecht Wouters

    Senior Fund Manager

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  • Luis Fañanas

    Fund Manager

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This is a marketing communication.

Information on the rights of investors can be found here.

The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investments 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.

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Environmental and Social Characteristics

The investments underlying the Fund do not take into account the EU criteria for environmentally sustainable economic activities within the meaning of the Taxonomy Regulation (Regulation (EU) 2020/852 and amending Regulation (EU) 2019/2088).

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