Fact sheet: JOHCM Global Opportunities

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
GLOBAL GROWTH
Sector
FO Equity - International
Fund type
OEIC
Primary aim
GROWTH
Why Money Observer Rates JOHCM Global Opportunities

New for 2017. Concentrating on achieving positive returns

This fund won Money Observer's Best Smaller Global Growth Fund award in 2016. It is managed by Ben Leyland and Rob Lancastle. Although not officially an absolute return fund, achieving positive gains and capital protection are the managers' main aims.

They explain that the ingrained philosophy of the fund is 'heads we win, tails we don't lose too much', and that this is what they have in mind when they assess companies' cash flows and business models. They point out that they are not looking for the best companies but the best investments.

They admit that this approach does result in some biases, for example towards the developed markets, though they can also invest in emerging markets. They also tend to invest in certain sectors where they find high intellectual property- or brand-driven businesses.

They are particularly interested in barriers to entry and franchise value in companies as this gives them confidence that the businesses will still exist after 10 or 20 years.

They also like other characteristics such as recurring revenues. They spend a lot of time assessing cash flows and competitive advantages of businesses.

They do not need to look at thousands of companies, however, because only around 20 per cent of their investible universe meets their criteria. And for the fund's portfolio, they only choose between 25 to 40 holdings.

These are sold when they become overvalued, often during rising markets, and cash held for better opportunities. As a result, say the managers, the fund performs best in volatile markets.

3 Year Performance
Fund Performance37.8%
Average of Rated Funds Group54.7%
Sector Performance20.8%
Fund information
Fund name
JOHCM Global Opportunities A GBP
Fund manager company
JO Hambro Capital Management
Fund type
OEIC
Fund managers
  • Ben Leylandsince 28/06/2012
  • Robert Lancastlesince 30/04/2017
Accolades
Winner - Global Growth - Best Smaller Fund
Fund objective
To generate long-term capital and income growth through active management of a concentrated portfolio of global equities listed on developed and emerging stock markets.
Benchmark
  • MSCI All Country World Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-0.8%
1 Year rank in sector
455/486
Sector
FO Equity - International
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.86%
Fund size
£257m (£308m last year)
Top in this sector
Fund name1 Year
Morg Stnly Gbl Opportunity45.7%
CS (L) Gbl Rbt Eq40.5%
Morg Stnly Global Advantage37.9%
PGIM Jnsn Gbl Eqty Opp36.4%
Wellington GblInvtn36%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • USA31.8%
    Money Market17.7%
    UK15%
    Japan11.6%
    France6%
  • Money Market17.7%
    Consumer Discretionary15%
    Industrials13.4%
    Utilities11.7%
    Consumer Staples8.9%
  • US Equities31.8%
    Money Market17.7%
    UK Equities15%
    Japanese Equities11.6%
    French Equities6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.2%-4.3%-4%-0.8%37.8%81%
Sector-3.1%2.1%6.6%11.2%20.8%53.3%
Rank within sector368 / 506500 / 504492 / 498455 / 48648 / 39339 / 303
Quartile3rd4th4th4th1st1st
Calendar performance
 YTD - 20182017201620152014
Fund-4.4%5.3%27.2%13.7%10.5%
Sector-0.1%16.3%7.9%0.7%6%
Rank within sector492 / 505441 / 48337 / 43922 / 387105 / 340
Quartile4th4th1st1st2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
8.12
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.49
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.95
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
9.43
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
9.51
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.34
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.23
Price movement
52 week high1.94
52 week low1.74
Current bid price-
Current offer price-
Current mid price1.77
Region
1USA31.8%
2Money Market17.69%
3UK15%
4Japan11.63%
5France5.97%
6Netherlands5.76%
7Portugal2.93%
8Italy2.74%
9China2.74%
Industry sector
1Money Market17.69%
2Consumer Discretionary14.95%
3Industrials13.43%
4Utilities11.73%
5Consumer Staples8.87%
6Energy8.35%
7Information Technology7.11%
8Materials5.26%
9Health Care5.23%
Asset type
1US Equities31.8%
2Money Market17.69%
3UK Equities15%
4Japanese Equities11.63%
5French Equities5.97%
6Dutch Equities5.76%
7Portuguese Equities2.93%
8Italian Equities2.74%
9Chinese Equities2.74%
Individual holdings
1ORACLE CORP4.11%
2AIN HLDGS INC3.22%
3National Grid3.17%
4O REILLY AUTOMOTIVE INC3.14%
5WOLTERS-KLUWER NV3.07%
6SAFRAN S.A.3.01%
7COGNIZANT TECHNOLOGY SOLUTIONS CORP3%
8SANOFI2.96%
9SEMPRA ENERGY2.96%
Management
Fund manager group
JO Hambro Capital Management
Fund manager company
JO Hambro Capital Management
Fund type
OEIC
Fund objective
To generate long-term capital and income growth through active management of a concentrated portfolio of global equities listed on developed and emerging stock markets.
Benchmark
  • MSCI All Country World Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Ben Leyland28/06/2012Ben has been with JOHCM since April 2006, when he joined to work with John Wood on the UK Opportunities Strategy, latterly as a Fund Manager. He was previously at Schroder Investment Management as a Financial Analyst in their Pan-European equity research department. Ben is a CFA Charterholder and holds a MA (Hons) in History from the University of Cambridge. He was voted one of Financial News's '40 under 40' Rising Stars in Asset Management, 2015.
Robert Lancastle30/04/2017Robert has worked on the Fund since launch. He joined JOHCM in 2012 and has 9 years of industry experience.
Compliance
Transparent for Austrian Tax, IA Recognised, Offshore, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
JOHCM Global Opportunities A EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price1.885
CurrencyEUR
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5PZ
JOHCM Global Opportunities A EUR GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price1.242
CurrencyGBP
Price updated18/06/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKRUD
JOHCM Global Opportunities A GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price1.772
CurrencyGBP
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5PY
JOHCM Global Opportunities A USD
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price1.855
CurrencyUSD
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5QA
JOHCM Global Opportunities A USD GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price0.989
CurrencyGBP
Price updated18/06/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKRUG
JOHCM Global Opportunities B EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price1.787
CurrencyEUR
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5PW
JOHCM Global Opportunities B EUR GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price1.231
CurrencyGBP
Price updated18/06/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKRUE
JOHCM Global Opportunities B GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price2.008
CurrencyGBP
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5PV
JOHCM Global Opportunities B USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price1.806
CurrencyUSD
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5PX
JOHCM Global Opportunities B USD GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price0.98
CurrencyGBP
Price updated18/06/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKRUF
JOHCM Global Opportunities X GBP
Initial charge-
Annual charge0.63%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price1.504
CurrencyGBP
Price updated20/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKTLT
JOHCM Global Opportunities X Hedged GBP
Initial charge5%
Annual charge0.63%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price0.987
CurrencyGBP
Price updated20/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeODFT
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.