JOHCM UK Growth Fund

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Fund Description

Mark Costar and Vishal Bhatia aim to identify mispriced or undiscovered growth stocks that typically reside in one of three categories: the clear and unassailable market leader, the innovator or market disruptor and the supply side beneficiary. The Fund typically has a small-cap bias and contains stocks that have a high margin of safety but significant upside potential.

  • Mark and Vishal use a disciplined, stock selection-driven process in aiming to achieve long-term capital growth
  • The Fund represents a portfolio of typically 50-60 investments in companies that are capable of generating growth throughout the economic cycle and regardless of economic conditions
  • Aims to identify mispriced or undiscovered growth stocks,investing in good companies which are well-managed with consistent track records and a clear strategy
  • Imposes a ruthless selling discipline: a strict selling discipline is the underestimated skill of fund management
Reasons To Invest
  • Mark Costar is a highly experienced manager with a proven track record: he has been managing the Fund since its launch in 2001
  • Strong long-term performance record built on identifying mispriced or undiscovered growth stocks with high margins of safety but significant upside potential
  • All-cap product with a small-cap bias
  • Mark Costar

    Senior Fund Manager

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  • Vishal Bhatia

    Senior Fund Manager

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This is a marketing communication.

Information on the rights of investors can be found here.

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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JOHCM UK Equity Income Fund

Established stock pickers James Lowen and Clive Beagles operate a strict yield discipline: they only buy stocks that they believe will yield more than the FTSE All-Share Index on a prospective basis, although every stock held must also have the potential for capital appreciation. This focus on higher-yielding stocks leads to a naturally cont...

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JOHCM UK Opportunities Fund

Fund managers Rachel Reutter and Michael Ulrich, supported by experienced analyst Eoghan Reid, run a concentrated portfolio of best-in-class UK large and mid-cap companies.

They invest in companies with reliable cashflows which they expect and encourage management to invest back into their businesses to sustain future growth. The ...

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JOHCM UK Dynamic Fund (offshore)

The team look for business transformation opportunities, under the belief that companies are dynamic and not static. These are companies that are at low points in their lifecycle, where management recognises there is a need for strategic change. These situations are often accompanied by a change in senior management or the board. These compa...

Read More
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Investment Objective

The Fund aims to achieve long-term capital growth by investing in UK listed companies across the broad market cap range.

Fund details

Data as at 31 March 2024
Fund size GBP 155.59m
Benchmark FTSE All-Share TR 12pm adjusted
Domicile Ireland
Denomination GBP
Share classes

Please click here

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 ratings and awards

Data as at 31 March 2024

For our latest fund ratings and awards, please view our latest factsheet here

Fees and charges

Initial charge Up to 5%
Performance fee

Please review the latest factsheet for more information our fees and charges here

Administration

Status UCITS
Investment manager J O Hambro Capital Management Limited
Transfer agent and registrar Northern Trust International Fund Administration Services (Ireland) Limited
Depositary Northern Trust Fiduciary Services (Ireland) Limited

This is a marketing communication.

Information on the rights of investors can be found here.

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 March 2024

March capped off a solid quarter for global equity markets, with the FTSE World index up 9.5%. For a change, the month saw the UK market keep pace with its developed market peers, rising 4.8%; however, it remains a laggard for the quarter and retains its ‘world’s favourite underweight’ tag. This is not surprising when the market has experienced 31 months of relentless outflows, leading to the sector-adjusted valuation discount to the US hitting a new all-time high. For a long time, we have operated in a subset of the global market with extraordinary valuation anomalies, but there is now overwhelming evidence that things are starting to change. The strategy has had a strong month and quarter, but in our opinion, given the drivers discussed below, we are only scratching the surface. 

An extraordinary 8% of the UK small-cap market was bid for last year, and the momentum has continued into this year. A key difference, however, has been the shift in the mix of buyers. Approximately 61% of buyers last year were financial, but we are now witnessing a shift to trade buyers where more operational synergies are available and, therefore, higher premiums for shareholders. Two trade buyers approached JOHCM UK Growth asset Smartspace, and a bid was confirmed in March at a 169% premium – the highest level seen in the funds’ 23-year history. We also witness bidding wars emerging across the market, for example, in DS Smith, Wincanton and Spirent. Given the portfolio is constructed with structural growth assets that invest in themselves and continuously embed value through the cycle (approximately 65% of the portfolio is invested in clear market leaders), we expect the portfolio to be a firm beneficiary of this trend.  

Corporates are also taking decisive action to close the yawning valuation gap. Just Group, a retirement specialist, on the back of achieving medium-term targets earlier than planned and a tangible net asset value rising by c.17%, raised its return on equity target from 10% to 12% and increased its dividend by 20%. Puretech, a clinical stage biotech business, launched a tender offer to buyback 14% of its own equity at a 25% premium to its prevailing share price, following sale of its lead asset to Bristol-Myers Squibb. Despite already generating over $1.1bn in cash off a $18.5m investment, it still retains access to a further $400m of milestone payments and royalties. The current share price however, still implies a negative enterprise value for the remaining pipeline of well-invested programs in our opinion. This trend by corporates to take charge of their own destiny from an equity perspective could, in time, also benefit a host of other UK Growth assets including NCC, Gooch & Housego & Trufin.

Finally, recent newsflow for JOHCM UK Growth has been excellent and our company interactions have been hugely positive. As a result, one or two shares have woken from their slumber, but most still have not. UK fintech Funding Circle announced solid set of results for its core UK operations accompanied by multiple approaches for its US operations. The divestment process, when completed, will result in converting the ongoing business into a profitable, cash-generative growth franchise focused on the UK with a significant amount of excess capital. Given that the business was already on a material discount to its unrestricted free cash, the board is returning a quarter of its market capitalisation to shareholders via a buyback - a material value accretive event for the equity. The shares were up 80% over the month, but such was the scale of the undervaluation, the shares could double and still remain undervalued in our opinion. 

This is a marketing communication.

Information on the rights of investors can be found here.

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.

This is a marketing communication.

Information on the rights of investors can be found here.

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 March 2024
A GBP share class, since launch (6 November 2001)

Return history (%)

Data as at 31 March 2024

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.


Mar 19 - Mar 20 Mar 20 - Mar 21 Mar 21 - Mar 22 Mar 22 - Mar 23 Mar 23 - Mar 24
Fund -23.74% 74.18% -2.39% -3.11% 7.15%

Monthly returns (%)

Data as at 31 March 2024
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Since inception
Fund 2001 1.93 1.88 3.84
Benchmark 2001 1.01 0.45 1.47
Fund 2002 -0.10 0.98 4.17 -0.65 0.19 -6.92 -8.54 -0.55 -11.38 5.86 6.24 -5.21 -16.34
Benchmark 2002 -1.04 -0.81 4.19 -1.55 -1.23 -8.42 -8.69 -0.87 -10.13 6.64 2.98 -4.84 -22.58
Fund 2003 -9.47 -1.16 2.22 11.13 7.83 1.17 4.11 4.46 -1.36 4.92 3.28 28.89
Benchmark 2003 -9.48 1.00 1.98 8.60 4.83 0.87 2.34 2.95 -0.89 3.44 1.48 2.96 20.83
Fund 2004 1.18 2.87 -2.09 2.14 -2.35 2.05 -1.84 1.34 3.43 1.11 2.02 3.87 14.34
Benchmark 2004 -0.32 3.26 -1.92 2.23 -1.70 1.73 -2.01 1.93 3.10 0.93 2.45 2.40 12.52
Fund 2005 2.78 3.78 -1.34 -3.85 2.74 4.53 4.85 0.98 2.57 -6.30 6.43 3.12 21.38
Benchmark 2005 1.64 3.17 -1.02 -2.60 4.09 3.07 3.68 0.72 3.58 -3.65 4.68 3.16 22.08
Fund 2006 4.81 2.39 2.82 1.69 -6.36 0.89 0.88 1.25 1.60 3.03 -0.41 3.31 16.61
Benchmark 2006 3.29 1.90 3.15 1.01 -5.44 2.56 1.46 0.63 1.66 2.83 0.40 2.47 16.77
Fund 2007 2.06 0.11 1.90 3.62 2.05 -2.06 -3.93 -1.23 -0.34 3.30 -8.66 -1.39 -5.13
Benchmark 2007 0.13 0.34 2.35 2.85 2.84 -1.90 -3.05 -0.43 2.18 4.41 -4.58 0.38 5.24
Fund 2008 -8.70 -0.67 -3.85 7.45 2.47 -9.04 1.99 4.91 -10.39 -11.21 -1.82 5.02 -23.34
Benchmark 2008 -10.17 2.85 -2.63 5.71 1.12 -8.43 -2.23 4.47 -14.36 -13.88 0.61 5.50 -29.59
Fund 2009 -3.61 -6.09 2.50 23.73 1.81 -0.15 10.08 12.53 4.61 -1.54 -1.98 1.84 48.64
Benchmark 2009 -5.31 -7.14 2.05 12.11 3.67 -2.65 7.88 7.38 5.38 -0.58 1.25 3.90 29.62
Fund 2010 -1.40 0.35 3.65 1.88 -8.98 -6.19 5.88 -3.52 9.09 2.40 -1.32 8.76 9.27
Benchmark 2010 -3.49 2.73 7.57 -0.81 -6.04 -4.89 6.70 -1.94 8.23 1.97 -1.53 6.99 15.01
Fund 2011 2.17 1.00 -3.82 2.72 -0.69 -2.77 -0.60 -11.21 -4.10 4.93 -5.81 0.33 -17.39
Benchmark 2011 -0.96 2.33 -0.15 2.45 -0.47 -1.52 -1.15 -8.36 -3.79 9.97 -4.22 2.67 -4.20
Fund 2012 8.99 6.79 -0.63 -1.67 -8.79 5.21 3.48 2.01 4.86 4.03 1.22 2.52 30.39
Benchmark 2012 3.65 4.57 -1.51 -0.15 -6.73 4.24 2.08 2.18 0.97 1.53 1.04 0.91 12.99
Fund 2013 7.75 3.66 0.61 1.83 4.65 -4.00 7.33 0.55 2.55 2.52 1.29 3.23 36.38
Benchmark 2013 6.40 2.00 1.91 0.44 2.78 -4.84 6.22 -1.34 0.35 4.62 -0.63 1.59 20.66
Fund 2014 -0.46 5.08 -2.51 2.35 -0.26 -1.78 0.26 3.28 -1.24 -0.92 2.09 -0.40 5.33
Benchmark 2014 -3.87 5.86 -2.13 1.77 1.72 -1.54 0.15 1.67 -2.48 -0.89 2.36 -1.29 0.93
Fund 2015 0.44 3.15 -2.13 1.01 2.69 -3.00 0.11 -4.28 -3.53 2.88 -0.76 -1.95 -5.59
Benchmark 2015 3.33 3.13 -1.04 2.23 2.55 -5.94 1.15 -5.95 -1.86 5.10 0.63 -1.39 1.25
Fund 2016 -6.35 -1.36 4.08 0.21 -4.61 8.16 2.67 1.55 -0.15 0.73 4.26 8.68
Benchmark 2016 -4.40 1.81 2.29 1.61 0.61 0.32 5.89 2.54 0.71 1.27 -1.05 3.73 16.05
Fund 2017 4.15 -0.14 1.75 -1.33 4.45 -2.45 1.40 0.03 0.90 3.55 -0.30 3.70 16.55
Benchmark 2017 0.87 2.33 1.29 -0.15 4.58 -2.21 0.62 0.90 -0.06 1.88 -0.69 3.18 13.10
Fund 2018 -1.43 -3.39 -2.16 5.69 2.97 0.51 -1.83 -2.96 1.56 -7.30 -2.92 -4.17 -14.96
Benchmark 2018 -0.89 -3.34 -2.18 6.78 2.66 -0.14 1.09 -2.30 0.07 -5.03 -1.68 -3.93 -9.06
Fund 2019 3.09 0.15 -0.52 5.36 -1.14 3.02 -1.05 -6.92 3.64 1.28 2.17 6.05 15.44
Benchmark 2019 4.59 1.65 2.67 3.16 -3.21 3.65 2.28 -3.40 2.60 -1.28 2.82 2.63 19.29
Fund 2020 -2.42 -10.70 -22.14 17.44 2.85 1.53 -4.20 6.13 -3.97 0.79 20.21 7.30 5.62
Benchmark 2020 -2.84 -9.37 -15.89 8.64 2.17 0.72 -2.68 1.55 -2.05 -4.04 14.39 2.85 -9.52
Fund 2021 -0.79 7.98 4.44 3.28 2.14 -1.64 -0.64 2.59 0.08 -2.36 -5.62 2.36 11.73
Benchmark 2021 -0.44 2.06 3.73 3.43 1.74 -0.13 0.37 2.65 -0.41 1.32 -2.30 4.68 17.77
Fund 2022 -0.27 -2.85 0.90 -1.01 2.01 -9.65 1.43 -1.64 -7.41 0.95 12.57 -0.68 -7.01
Benchmark 2022 -0.24 -1.29 2.73 -0.56 1.26 -6.15 3.92 -1.42 -5.72 2.61 7.56 -1.14 0.74
Fund 2023 4.75 3.64 -6.18 2.32 -1.09 0.92 2.45 -2.01 -0.54 -8.67 3.35 5.01 2.96
Benchmark 2023 3.57 2.36 -3.00 2.52 -3.12 0.12 2.61 -2.11 2.17 -4.18 2.61 4.37 7.69
Fund 2024 -0.97 0.75 6.24 6.00 365.65
Benchmark 2024 -0.99 0.01 4.46 3.43 282.10

Source and notes

JOHCM/FTSE Group/Bloomberg/Lipper.

Data shown net of fees, net income reinvested. Please note that all fund performance is shown against the FTSE All-Share TR 12pm adjusted. Performance of other share classes may vary and is available on request.Where shown, monthly returns table shows compounded discrete monthly performance. All performance figures illustrate performance from the first full day that the Fund held investments. During the period 6 November 2001 to 7 May 2003 the performance record is based on the pre-existing share class that had a higher management fee.

FTSE International Limited (“FTSE”) © FTSE 2017. The Industry Classification Benchmark (“ICB”) and all  rights in it are owned by and vest in FTSE and/or its licensors. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. Neither FTSE, nor its licensors accept any liability for any errors or omissions in the ICB. No further distribution of ICB is permitted without FTSE’s express written consent.

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 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 March 2024
Fund size GBP 155.59m
Number of holdings 50

Top 10 holdings and active weights

Data as at 31 March 2024
Top 10 holdings
BP 5.89%
Shell 4.30%
AstraZeneca 3.74%
Funding Circle Holdings 3.70%
Kooth PLC 3.38%
Standard Chartered 3.34%
Rank Group 3.34%
ROLLS-Royce 3.13%
Anglo American 3.04%
Gooch & Housego 2.93%
Top 10 active weights
Funding Circle Holdings +3.70%
Kooth PLC +3.38%
Rank Group +3.33%
Gooch & Housego +2.93%
PureTech Health +2.78%
Standard Chartered +2.72%
Equals Group +2.70%
FD TECHNOLOGIES +2.64%
Associated British Foods +2.53%
NCC +2.49%

Sector breakdown

Data as at 31 March 2024
Portfolio Benchmark Relative
Technology 25.71% 1.37% 24.34%
Financials 20.53% 23.64% -3.11%
Industrials 14.84% 12.61% 2.24%
Energy 11.44% 11.01% 0.44%
Consumer Discretionary 7.87% 12.43% -4.56%
Health Care 7.42% 11.43% -4.01%
Consumer Staples 5.66% 13.56% -7.89%
Basic Materials 3.04% 6.75% -3.70%
Telecommunications 2.33% 1.12% 1.20%
Real Estate 0.00% 2.61% -2.61%
Utilities 0.00% 3.49% -3.49%
Cash 1.15% 0.00% 1.15%

Market cap breakdown

Data as at 31 March 2024
Portfolio Benchmark Relative
Large Cap 38.30% 84.09% -45.79%
Medium Cap 11.91% 13.83% -1.91%
Small Cap 48.64% 2.08% 46.56%
Cash 1.15% 0.00% 1.15%

This is a marketing communication.

Information on the rights of investors can be found here.

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 Group

Fund

As at noon Share class Currency Domicile ISIN number NAV per share Change   KIID
UK Equities JOHCM UK Growth Fund 19/04/2024 A GBP GBP Ireland IE0033009345 4.028 -0.019
UK Equities JOHCM UK Growth Fund 19/04/2024 B GBP GBP Ireland IE0031005543 3.495 -0.016
UK Equities JOHCM UK Growth Fund 19/04/2024 EUR Hedged Non-distributing X EUR Ireland IE00BLLV8B55 2.042 -0.009
UK Equities JOHCM UK Growth Fund 19/04/2024 EUR Non-distributing R EUR Ireland IE00BLLV8D79 2.258 -0.013
UK Equities JOHCM UK Growth Fund 19/04/2024 EUR Non-distributing X EUR Ireland IE00BLLV8825 2.288 -0.013
UK Equities JOHCM UK Growth Fund 19/04/2024 GBP X GBP Ireland IE00BLLV8932 2.008 -0.01
UK Equities JOHCM UK Growth Fund 19/04/2024 USD Non-distributing R USD Ireland IE00BLLV8C62 2.236 -0.019
UK Equities JOHCM UK Growth Fund 19/04/2024 USD Non-distributing X USD Ireland IE00BLLV8718 2.267 -0.018

Dividend Rates

Funds paying quarterly dividends

JOHCM UK Equity Income Fund

Share class Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23
A distributing GBP 1.2881 1.9828 3.4453 3.1410 1.8309 2.1053 3.2723 3.4292
A accumulating GBP 2.8152 4.3509 7.6541 7.1149 4.2268 4.9097 7.7197 8.2427
B distributing GBP  1.1897 1.8271 3.1746 2.8895 1.6822 1.9315 3.0000 3.1395
B accumulating GBP 2.6020 4.0228 7.0604 6.5526 3.8884 4.5096 7.0851 7.5529
Y distributing GBP 0.8697 1.3383 2.3274 2.1211 1.2376 1.4237 2.2134 2.3200
Y accumulating GBP 1.1364 1.7602 3.0924 2.8757 1.7088 1.9315 3.1230 3.3359

Dividends are quoted and paid in pence per share

Distribution of income occur on or before: 31 May, 31 August, 30 November and 28 February

The quarterly table above shows the last two years net dividends (on an accounting rather than a paid basis) for this fund. If you require the dividends for previous time periods, please contact Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com.
 

Funds paying semi-annual dividends

Distribution of income occur on or before: 31 August and 28 February

JOHCM UK Dynamic Fund (Onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 31 Aug 2023 pence per share 4.7348
A - accumulating GBP 31 Aug 2023 pence per share  7.2848
B - distributing GBP 31 Aug 2023 pence per share  4.2666
B - accumulating GBP 31 Aug 2023 pence per share 8.0119
Y - distributing GBP 31 Aug 2023 pence per share 2.9766
Y - accumulating GBP 31 Aug 2023 pence per share 4.2119
X - distributing GBP 31 Aug 2023 pence per share 2.4775
X - accummulating GBP 31 Aug 2023 pence per share 2.8519
M - distributing GBP 31 Aug 2023 pence per share 0.6975
M - accumulating GBP 31 Aug 2023 pence per share 0.6975
K - distributing GBP 31 Aug 2023 pence per share 0.6130
K - accumulating  GBP 31 Aug 2023 pence per share 0.6128

JOHCM UK Dynamic Fund (Offshore)

Share class Currency Pay date Dividend paid in  Dividend rate
Y GBP 31 Aug 2023 pence per share 2.2517
Y EUR 31 Aug 2023 pence per share 2.1310
Y USD 31 Aug 2023 pence per chare 2.3831

JOHCM Global Select Shariah Fund 

Share class Currency Pay date Dividend paid in  Dividend rate
A USD 31 Aug 2023 pence per share 0.3187

Funds paying annual dividends

Distribution of income occur on or before 28 February

JOHCM Asia ex Japan Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 0.0000
A EUR 28 Feb 2023 cents per share 0.0000
A USD 28 Feb 2023 cents per share 0.0000
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 cents per share 1.2559
Z USD 28 Feb 2023 cents per share 0.0088

JOHCM Asia ex Japan Small and Mid Cap Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 0.0000
A EUR 28 Feb 2023 cents per share 0.0000
A USD 28 Feb 2023 cents per share 0.0000
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 cents per share 0.0000


JOHCM Continental European Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 10.0915
A EUR 28 Feb 2023 cents per share 7.9953
A - hedge GBP 28 Feb 2023 pence per share 2.9851
B GBP 28 Feb 2023 pence per share 7.7618
B EUR 28 Feb 2023 cents per share 6.4068
B - hedge USD 28 Feb 2023 cents per share 1.1526
Y GBP 28 Feb 2023 pence per share 3.7378
Y - hedge GBP 28 Feb 2023 pence per share 3.2781
Y EUR 28 Feb 2023 cents per share 3.0566

JOHCM European Select Values Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2023 pence per share 4.8151
A EUR 28 Feb 2023 cents per share 2.6779
B GBP 28 Feb 2023 pence per share 2.0318
B EUR 28 Feb 2023 cents per share 0.8256
Y EUR 28 Feb 2023 cents per share 0.8964


JOHCM Global Emerging Markets Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 3.9725
A EUR 28 Feb 2023 cents per share 3.7874
A USD 28 Feb 2023 cents per share 2.7065
B GBP 28 Feb 2023 pence per share 3.5330
B EUR 28 Feb 2023 cents per share 3.4128
B USD 28 Feb 2023 cents per share 3.0881
Y GBP 28 Feb 2023 pence per share 4.9039
Y USD 28 Feb 2023 cents per share 2.8124
Z GBP 28 Feb 2023 cents per share 7.3245

JOHCM Global Opportunities Fund (onshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 2.5742
A - hedged GBP 28 Feb 2023 pence per share 2.3240
X GBP 28 Feb 2023 cents per share 2.4772

JOHCM Global Opportunities Fund (offshore)

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 4.4298
A EUR 28 Feb 2023 cents per share 4.1956
A USD 28 Feb 2023 cents per share 3.3076
B EUR 28 Feb 2023 cents per share 3.8301
B USD 28 Feb 2023 cents per share 3.1239
A - hedged EUR 28 Feb 2023 cents per share 1.6538
X GBP 28 Feb 2023 cents per share 3.7875
Z GBP 28 Feb 2023 cents per share 1.7774
X - hedged GBP 28 Feb 2023 cents per share 2.1090
X EUR 28 Feb 2023 cents per share 1.9147

JOHCM Global Select Fund

Share class Currency Pay date Dividend paid in  Dividend rate
A GBP 28 Feb 2023 pence per share 2.5774
A EUR 28 Feb 2023 cents per share 2.0747
A USD 28 Feb 2023 cents per share 1.0629
B GBP 28 Feb 2023 pence per share 0.0000
B EUR 28 Feb 2023 cents per share 0.0000
B USD 28 Feb 2023 cents per share 0.0000
Z GBP 28 Feb 2023 pence per share 4.2279


JOHCM UK Growth Fund

Share class Currency Pay date Dividend paid in Dividend rate
A GBP 28 Feb 2023 pence per share 4.6405
B GBP 28 Feb 2023 pence per share 2.4239
X GBP 28 Feb 2023 pence per share 2.5898

JOHCM UK Opportunities Fund

Share class Currency Pay date Dividend paid in Dividend rate
A - distributing GBP 28 Feb 2023 pence per share 6.1160
A - accumulating GBP 28 Feb 2023 pence per share 9.5564
B - distributing GBP 28 Feb 2023 pence per share 5.7397
B - accumulating GBP 28 Feb 2023 pence per share 8.8440
Y - accumulating GBP 28 Feb 2023 pence per share 5.3515
Y - distributing GBP 28 Feb 2023 pence per share 4.1220

 

Net dividends quoted in the local share class currency.

If you would like more information, please contact Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com. Email us at oeicdealing@johcm.co.uk.

Views & News

  • 09 Apr 2024

    Under the Bonnet - There is nothing so stable as change

    Corporate activity continues to drive up returns in the unloved UK equity fund

    Read More
  • 16 Aug 2023

    Catalysts for Change

    Two Initiatives and a Shift in Perception Have the Potential to Catalyse Significant Change in the UK Equity Market. Not Before Time.

    Read More
  • 14 Aug 2023

    Tales of the Unexpected

    Identifying Growth, Embracing Transformation and Discovering Unexpected Market Leaders in the UK

    Read More
  • 23 May 2023

    Revival in M&A shows buyers feasting on UK stocks

    2023 M&A deals look set for a record year as private equity funds and corporates take advantage of the UK’s historically low valuations.

    Read More
  • 20 Apr 2023

    Advocate for UK equities

    The UK has companies that are genuine global leaders but trade at a discount to global markets

    Read More
  • 30 Mar 2023

    Comedy Valuations

    Why are so many UK equities priced on laughable valuations?

    Read More
  • 20 Jun 2021

    Takeover talk and growth platforms

    Mark Costar and Vishal Bhatia discuss why the Fund is seeing plenty of M&A activity and describe why they are backing companies that back themselves.

    Read More

Webcasts & Videos

  • JOHCM UK Dynamic Insight,Outlook

    05 Mar 2024 | 46 mins

  • JOHCM UK Dynamic Insight,Outlook

    05 Mar 2024 | 46 mins

  • Trigger Warning – the Rush for Post-Peak UK

    23 Feb 2024 | 31 mins

  • UK Tech: From Disruption to Dominance

    29 Sep 2023 | 30 mins

  • Mark Costar

    Senior Fund Manager

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  • Vishal Bhatia

    Senior Fund Manager

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This is a marketing communication.

Information on the rights of investors can be found here.

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 UK Equity Funds

JOHCM UK Dynamic Fund (onshore)

The team look for business transformation opportunities, under the belief that companies are dynamic and not static. These are companies that are at low points in their lifecycle, where management recognises there is a need for strategic change. These situations are often accompanied by a change in senior management or the board. These compa...

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JOHCM UK Equity Income Fund

Established stock pickers James Lowen and Clive Beagles operate a strict yield discipline: they only buy stocks that they believe will yield more than the FTSE All-Share Index on a prospective basis, although every stock held must also have the potential for capital appreciation. This focus on higher-yielding stocks leads to a naturally cont...

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JOHCM UK Opportunities Fund

Fund managers Rachel Reutter and Michael Ulrich, supported by experienced analyst Eoghan Reid, run a concentrated portfolio of best-in-class UK large and mid-cap companies.

They invest in companies with reliable cashflows which they expect and encourage management to invest back into their businesses to sustain future growth. The ...

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JOHCM UK Dynamic Fund (offshore)

The team look for business transformation opportunities, under the belief that companies are dynamic and not static. These are companies that are at low points in their lifecycle, where management recognises there is a need for strategic change. These situations are often accompanied by a change in senior management or the board. These compa...

Read More
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Summary

This webpage is designed to provide the reader with information about the J O Hambro Capital Management UK Growth Fund (“Fund”) in relation to the EU Sustainable Finance Disclosure Regulation or “SFDR” as referred to throughout this disclosure. JOHCM Funds (Ireland) Limited, the Fund’s Manager, has categorised the Fund as meeting the provisions set out in Article 8 of the SFDR. 

The information is required by law and does not form part of the Fund’s marketing materials. Its purpose is to help the reader understand the sustainability objective of this Fund. The reader is advised to read it in conjunction with the Fund’s prospectus that can be found here.

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