- Overview
- Fund Facts
- Monthly Commentary
- Fund Literature
- Performance
- Asset Allocation
- Daily Prices
- Dividend Rates
Fund Description
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 contrarian style. Unlike many UK equity income funds, the fund managers have a track record of adding significant value from small and mid-cap holdings.
This fund is not available to new investors from the European Union after 31 December 2020
- A naturally contrarian investment process
- A strict yield discipline: every stock must yield more than FTSE All Share-Index on a prospective basis
- All cap approach: the Fund invests in small, mid and large-cap stocks
- A total return emphasis: the Fund seeks both capital appreciation and income growth over time.
Reasons To Invest
- Robust dividend discipline and strong growth in the Fund's dividend over time
- A naturally contrarian approach means the portfolio's profile is unlike that of many rival UK equity income funds
-
James Lowen
Senior Fund Manager
-
Clive Beagles
Senior Fund Manager
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. Investmentsinclude 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...
Read More
JOHCM UK Growth Fund
Mark Costar and Vishal Bhatia aimto 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...
Read More
JOHCM UK Opportunities Fund
Fund managers Rachel Reutter and Michael Ulrich, supported by experienced analystEoghan 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 ...
Read More
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
Back
Investment Objective
The Fund aims to achieve long-term capital growth and to generate a dividend yield that is above that of the FTSE All-Share Index average. The Fund focuses predominantly on stocks within the FTSE 350 Index that generate a prospective yield above that of the FTSE All-Share Index average. The Fund's performance benchmark is the FTSE All-Share Total Return Index denominated in sterling.Please note that for capacity reasons the Fund is now 'soft-closed' to new direct investors.
Fund details
Data as at 31 January 2024
Fund size | GBP 1.47bn | ||||||||
---|---|---|---|---|---|---|---|---|---|
Benchmark | FTSE All-Share TR 12pm adjusted | ||||||||
Domicile | UK | ||||||||
Denomination | GBP | ||||||||
Share classes | Please click here | ||||||||
Unit type | Distribution & accumulation | ||||||||
XD Date | 31 March, 30 June, 30 September, 31 December | ||||||||
Payment date | 31 May, 31 August, 30 November, 28 February | ||||||||
Minimum investment |
| ||||||||
Valuation point | Daily (12pm, UK time) | ||||||||
Dealing frequency | Daily 9-5pm |
Fund ratings and awards
Data as at 31 January 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 | The Northern Trust Company (UK Branch) |
Depositary | Northern Trust Investor Services 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. Investmentsinclude 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 January 2024
After experiencing a greater-than-anticipated decline in inflation in October and November in the UK, there was a modest increase in the December data to 4% year-on-year, compared to 3.9% the previous month. Although we anticipate a marginal increase in January, we think that inflation will then continue its steep fall. With household energy bills expected to decrease again in April and food price inflation now receding, it is likely that inflation will be in the range of 2—2.5% by the second quarter of this year.
Following two stronger months for the market and the fund, January saw a market pull back and the fund underperform. The FTSE All Share fell 0.99% over the period, with the fund down 2.19%. In the financials sector, insurance stocks were up slightly, and banks were down slightly. Standard Chartered was weak, influenced by a few brokers who reduced forecasts by 2—3%. This month, one of the Fund’s worst performers was Kenmare. The shares fell in a delayed reaction to a pre-Christmas announcement that detailed (a) lower production expectations in 2024, (b) higher costs on their main capex project and (c) the likelihood that the dividend policy would focus on the payout ratio of 20-40% rather than trying to keep it at a flat absolute level, which had been previously noted. In the mining sector, Glencore fell, whilst Kenmare (see below) fell. The prevailing negative sentiment towards China significantly influenced both the former and the sector overall. Within the oil sector, Diversified Energy continued to remain weak.
We believe that the UK continues to be one of the cheapest asset classes globally and is also cheap when compared to its most recent historical valuation range. This cheapness is evident when we compare the Fund, now in its 20th year, to its own history. Regardless of the metric used, the Fund is currently around its lowest valuation since the depths of the Global Financial Crisis. One of these measures is the Fund dividend yield, which is displayed on the first graph below. On the second graph, we display the discount at which some of our holdings trade compared to their global equivalents, highlighting the significant difference in valuation.
The response to this trend has been evident in the boardroom. On average, 5% of each of our companies were acquired through share buybacks last year. This represents a colossal amount of de-equitisation that will enhance future earnings and dividends. With this year expected to see another large number (we estimate slightly less at c3-4%), the cumulative impact of these actions is material. Additionally, we anticipate an increase in M&A, with boards increasingly exploring strategic changes to unlock value, such as the Real Estate Investors example, described above. These actions will continue to percolate under the surface, driving value incrementally over time.
Post 2009, when valuations were comparable to their current levels, was one of the most potent periods in the Fund’s history in performance terms. The following graphic below illustrates the differences between then and now. Despite the inherent risks, such as the current situation in the Middle East, the current foundations are considerably more robust than they were at that time.
The convergence of low valuations, our optimistic prospects for both the domestic and global economy, and interest rates that have peaked is a very attractive combination. With a Fund dividend yield of 5.65% and the compellingly low valuations outlined in this report, we remain confident in the outlook.
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. Investmentsinclude 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. Investmentsinclude 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 January 2024
A GBP share class, since launch (30 November 2004)
Return history (%)
Data as at 31 January 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 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.
Dec 19 - Dec 20 | Dec 20 - Dec 21 | Dec 21 - Dec 22 | Dec 22 - Dec 23 | Dec 23 - Dec 24 | |
---|---|---|---|---|---|
Fund | 19.32% | -16.14% | 24.13% | -1.36% | 5.47% |
Monthly returns (%)
Data as at 31 January 2024
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual | Since inception | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 2004 | 3.74 | 3.74 | ||||||||||||
Benchmark | 2004 | 2.54 | 2.54 | ||||||||||||
Fund | 2005 | 3.45 | 1.37 | -0.77 | -3.49 | 3.35 | 3.96 | 2.88 | 0.93 | 1.13 | -2.65 | 6.47 | 5.43 | 23.82 | |
Benchmark | 2005 | 1.70 | 2.99 | -0.98 | -2.61 | 4.15 | 3.25 | 3.48 | 0.83 | 3.47 | -3.40 | 4.38 | 3.20 | 22.03 | |
Fund | 2006 | 3.29 | 5.45 | 1.66 | -0.49 | -5.60 | 2.25 | 0.26 | 2.24 | 2.91 | 2.63 | 1.13 | 3.77 | 20.83 | |
Benchmark | 2006 | 3.24 | 2.00 | 3.14 | 1.01 | -5.67 | 2.79 | 1.55 | 0.59 | 1.51 | 2.90 | 0.38 | 2.56 | 16.85 | |
Fund | 2007 | 0.93 | -0.88 | 2.41 | 2.07 | 1.73 | -5.65 | -2.97 | -1.23 | -1.69 | 3.19 | -6.69 | -1.00 | -9.86 | |
Benchmark | 2007 | 0.07 | 0.22 | 2.45 | 2.85 | 2.90 | -2.07 | -2.65 | -0.45 | 1.96 | 4.00 | -4.38 | 0.55 | 5.22 | |
Fund | 2008 | -8.88 | 0.89 | -2.22 | 3.12 | -0.37 | -9.43 | -0.13 | 5.90 | -9.52 | -12.34 | 2.81 | 5.72 | -23.74 | |
Benchmark | 2008 | -10.33 | 3.18 | -2.53 | 5.65 | 0.99 | -8.21 | -2.44 | 4.35 | -14.16 | -13.79 | 0.44 | 5.13 | -29.74 | |
Fund | 2009 | -6.25 | -6.09 | 2.54 | 16.79 | 3.98 | -2.56 | 8.11 | 13.64 | 5.50 | -1.66 | -0.36 | 3.45 | 40.36 | |
Benchmark | 2009 | -5.46 | -6.93 | 1.96 | 12.12 | 4.24 | -2.94 | 7.89 | 7.39 | 5.20 | -0.54 | 1.39 | 3.87 | 29.91 | |
Fund | 2010 | -2.20 | 1.83 | 6.56 | 0.64 | -6.65 | -5.37 | 6.86 | -1.03 | 7.57 | 3.60 | -2.11 | 6.78 | 16.25 | |
Benchmark | 2010 | -3.64 | 2.89 | 7.40 | -0.89 | -5.96 | -4.85 | 7.11 | -2.33 | 8.21 | 2.07 | -1.43 | 7.14 | 15.25 | |
Fund | 2011 | 1.64 | 1.88 | -0.55 | 3.42 | -0.85 | -1.24 | -1.99 | -8.72 | -4.01 | 10.53 | -4.79 | 1.43 | -4.42 | |
Benchmark | 2011 | -1.18 | 2.33 | -0.15 | 2.45 | -0.47 | -1.52 | -1.15 | -8.36 | -3.79 | 9.97 | -4.22 | 2.67 | -4.42 | |
Fund | 2012 | 4.27 | 4.61 | 1.49 | -1.30 | -6.55 | 5.12 | 2.86 | 4.03 | 2.20 | 2.76 | 0.70 | 1.73 | 23.56 | |
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 | 6.76 | 2.55 | 2.22 | 1.17 | 3.74 | -3.73 | 6.62 | -1.25 | 1.84 | 5.46 | -0.34 | 1.87 | 29.82 | |
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 | -1.91 | 5.04 | -3.09 | 1.76 | 1.36 | -1.75 | 0.19 | 1.85 | -2.72 | -0.56 | 1.28 | -0.52 | 0.64 | |
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 | 1.90 | 3.73 | 0.25 | 3.37 | 3.43 | -5.13 | 0.42 | -5.93 | -3.15 | 4.28 | -0.25 | -1.71 | 0.52 | |
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 | -5.96 | 1.77 | 2.21 | 2.46 | -0.55 | -3.23 | 5.11 | 5.63 | 0.38 | 1.76 | 0.95 | 5.30 | 16.26 | |
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 | 1.05 | 1.89 | 1.14 | 0.98 | 3.76 | -1.20 | 2.01 | -0.14 | 1.48 | 2.66 | -0.28 | 3.21 | 17.74 | |
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 | -0.27 | -3.23 | -1.99 | 7.58 | 2.26 | -0.94 | -0.97 | -2.97 | 0.46 | -5.87 | -3.15 | -4.77 | -13.61 | |
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 | 5.95 | 0.98 | 0.88 | 3.77 | -6.07 | 2.17 | -1.02 | -4.47 | 7.61 | 0.95 | 3.89 | 4.04 | 19.32 | |
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 | -4.46 | -11.13 | -25.32 | 9.15 | 0.08 | 1.97 | -6.21 | 2.02 | -4.54 | -1.42 | 25.59 | 5.00 | -16.14 | |
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 | -0.72 | 7.25 | 5.91 | 2.89 | 2.64 | -1.89 | 0.94 | 2.89 | -0.08 | 1.81 | -4.34 | 5.12 | 24.13 | |
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 | 2.32 | -3.10 | 1.37 | -1.46 | 2.98 | -9.47 | 4.34 | -1.81 | -7.68 | 4.76 | 8.90 | -1.01 | -1.36 | |
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 | 6.54 | 2.28 | -7.39 | 0.94 | -4.42 | 0.13 | 4.75 | -2.23 | 3.12 | -8.27 | 4.68 | 6.67 | 5.47 | |
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 | -2.23 | -2.23 | 303.40 | |||||||||||
Benchmark | 2024 | -0.99 | -0.99 | 251.20 |
Net yield
Net Yield % | |
---|---|
Share class A - accumulating | 5.60 |
Share class A - distributing | 5.81 |
Share class B - accumulating | 5.61 |
Share class B - distributing | 5.86 |
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.
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 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.
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. Investmentsinclude 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 January 2024
Fund size | GBP 1.47bn |
---|---|
Number of holdings | 59 |
Top 10 holdings and active weights
Data as at 31 January 2024
Top 10 holdings
BP | 5.69% |
Glencore | 4.57% |
Barclays | 4.03% |
Natwest | 3.60% |
Aviva | 3.49% |
Legal & General | 3.24% |
Standard Chartered | 3.18% |
Phoenix Group | 3.14% |
Anglo American | 2.94% |
DS Smith | 2.94% |
Top 10 active weights
Natwest | +3.06% |
Barclays | +3.05% |
Phoenix Group | +2.98% |
Aviva | +2.97% |
DS Smith | +2.78% |
Standard Chartered | +2.60% |
Legal & General | +2.58% |
Paragon Banking Group | +2.44% |
ITV | +2.38% |
BP | +2.30% |
Sector breakdown
Data as at 31 January 2024
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Financials | 33.17% | 23.33% | 9.84% | |
Industrials | 20.74% | 11.81% | 8.93% | |
Consumer Discretionary | 16.61% | 12.47% | 4.15% | |
Energy | 11.17% | 10.77% | 0.40% | |
Basic Materials | 9.83% | 7.06% | 2.77% | |
Real Estate | 3.31% | 2.67% | 0.65% | |
Utilities | 1.76% | 3.65% | -1.89% | |
Telecommunications | 1.46% | 1.11% | 0.35% | |
Consumer Staples | 1.38% | 14.41% | -13.03% | |
Technology | 0.00% | 1.40% | -1.40% | |
Health Care | 0.00% | 11.33% | -11.33% | |
Cash | 0.56% | 0.00% | 0.56% |
Market cap breakdown
Data as at 31 January 2024
Portfolio | Benchmark | Relative | ||
---|---|---|---|---|
Large Cap | 48.80% | 83.86% | -35.06% | |
Medium Cap | 34.75% | 13.96% | 20.78% | |
Small Cap | 15.89% | 2.18% | 13.71% | |
Cash | 0.56% | 0.00% | 0.56% |
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. Investmentsinclude 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.
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 [email protected].
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 DynamicFund (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 before28 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 orby email [email protected]. Email us at [email protected].
Views & News
- 01 Feb 2024
UK Equity Income Bulletin
In a resilient UK economy defying bearish sentiments, a rebound is anticipated as inflation eases, real wages climb and consumer confidence soars
Read More - 02 Jan 2024
UK Equity Income Bulletin
Falling inflation and positive GDP growth signal a shift, creating opportunities in undervalued UK stocks amid monetary policy easing
Read More - 01 Dec 2023
UK Equity Income Bulletin
As UK inflation declines, an optimistic economic outlook and a stable political landscape could help attract international investors
Read More - 20 Nov 2023
Inflation Relief
With receding inflation, UK equities anticipate a resurgence
Read More - 01 Nov 2023
UK Equity Income Bulletin
Navigating Heightened Risk Aversion Amid Rising US Yields and Middle East Dynamics
Read More - 02 Oct 2023
UK Equity Income Bulletin
UK Inflation Eases and the Equity Market Signals Turnaround
Read More - 13 Sep 2023
Future Money
Yields are high and valuations are low – is now the time to reconsider investing in UK equity income?
Read More - 01 Sep 2023
UK Equity Income Bulletin
Robust UK Dividend Growth, Strong Valuations, and Excess Capital Make Equities a Compelling Alternative to Bonds
Read More - 01 Aug 2023
UK Equity Income Bulletin
Amidst an unexpected beat in UK inflation, the market makes a pivot while global valuations diverge
Read More - 27 Jul 2023
Global Income at a UK Discount
In a new webinar, Clive Beagles, senior fund manager, JOHCM UK Equity Income, examines the compelling valuations on three quite different stocks
Read More - 02 Jul 2023
UK Equity Income Bulletin
UK inflation exceeded expectations, but the Fund offers attractive growth and robust dividends
Read More - 21 Jun 2023
Confounding Inflation
Are we overly pessimistic on the underlying resilience of the UK economy? Are we reading too much into headline inflation and over-discounting more positive data?
Read More - 31 May 2023
UK Equity Income Bulletin
The UK economy defies sceptics with upgraded forecasts, improved labour supply and resilient sectors
Read More - 02 May 2023
UK Equity Income Bulletin
Economic stability, employment growth and embarrassing valuations – why are market participants seemingly unaware of the investment opportunity in the UK?
Read More
Webcasts & Videos
-
James Lowen
Senior Fund Manager
-
Clive Beagles
Senior Fund Manager
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. Investmentsinclude 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...
Read More
JOHCM UK Growth Fund
Mark Costar and Vishal Bhatia aimto 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...
Read More
JOHCM UK Opportunities Fund
Fund managers Rachel Reutter and Michael Ulrich, supported by experienced analystEoghan 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 ...
Read More
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
Back