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Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

JOHCM Emerging Markets Opportunities Fund

JOEIX | Fund

$10.95

$884 M

1.62%

$0.18

1.12%

Vitals

YTD Return

1.0%

1 yr return

3.6%

3 Yr Avg Return

-2.8%

5 Yr Avg Return

3.0%

Net Assets

$884 M

Holdings in Top 10

40.3%

52 WEEK LOW AND HIGH

$10.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 38.60%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

JOHCM Emerging Markets Opportunities Fund

JOEIX | Fund

$10.95

$884 M

1.62%

$0.18

1.12%

JOEIX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return -2.8%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.51%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    JOHCM Emerging Markets Opportunities Fund
  • Fund Family Name
    JOHCM Funds
  • Inception Date
    Nov 21, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Wimborne

Fund Description

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of companies located in emerging market countries. Emerging market countries are those countries included in the MSCI Emerging Markets Index and MSCI Frontier Markets Index, countries with low to middle-income economies according to the International Bank for Reconstruction and Development (more commonly referred to as the World Bank) and other countries with similar emerging market characteristics. The Fund may invest in companies of any size, including small- and mid-capitalization companies. The Fund may also invest up to 5% of its assets in frontier markets, which are generally smaller, less liquid, and less developed than emerging markets.
The equity securities in the Fund’s portfolio can include direct and indirect investments in common and preferred stocks, as well as rights and warrants to subscribe to equity securities. The Fund obtains indirect exposure to equity securities through instruments such as depositary receipts and participatory notes. Depositary receipts, such as American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) are receipts issued by a bank or trust company evidencing ownership of underlying securities issued by a foreign issuer. Depositary receipts are alternatives to directly purchasing the underlying foreign securities in their national markets and currencies.
The Fund utilizes a core investment style with a modest growth tilt (growth at a reasonable price, or “GARP”) over all capitalization ranges to invest in equity securities of companies located in emerging markets. The GARP investment strategy is a blend of growth and value investing, which seeks to find companies that have strong earnings growth at a good price. The Fund combines top-down and bottom-up research to assess potential investments in the Fund. A top-down country view represents an assessment of the investment prospects in a country (in this case, a particular emerging market country) based on macroeconomic, geopolitical and other factors affecting the country as a whole. The portfolio managers seek to invest in companies that possess attractive fundamentals (for example, a company’s revenues, earnings, or management) and that fit with the portfolio managers top-down country views within the emerging markets. The portfolio is managed with reference to its performance benchmark, the MSCI Emerging Markets Index, as to country and sector allocation but may depart from the benchmark’s allocations at any time. The Fund will typically own between 40 and 60 companies.
The Fund may invest a significant portion of its assets in investments located in one country or a small number of countries. These countries may change from time to time. The Fund’s performance benchmark index currently includes substantial exposure to China.
The Fund may also participate in initial public offerings (“IPO”s).
Read More

JOEIX - Performance

Return Ranking - Trailing

Period JOEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -11.9% 9.8% 36.94%
1 Yr 3.6% -13.6% 30.1% 67.79%
3 Yr -2.8%* -24.9% 7.2% 21.29%
5 Yr 3.0%* -8.7% 10.6% 28.44%
10 Yr 2.8%* -3.1% 6.1% 38.79%

* Annualized

Return Ranking - Calendar

Period JOEIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -6.5% 35.5% 82.11%
2022 -17.4% -50.1% -2.4% 9.36%
2021 -2.3% -33.1% 22.5% 34.81%
2020 15.1% -22.1% 80.1% 58.49%
2019 10.5% -0.7% 42.0% 91.55%

Total Return Ranking - Trailing

Period JOEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -11.9% 9.8% 36.94%
1 Yr 3.6% -13.6% 30.1% 67.79%
3 Yr -2.8%* -24.9% 7.2% 21.29%
5 Yr 3.0%* -8.7% 10.6% 28.44%
10 Yr 2.8%* -3.1% 6.1% 38.79%

* Annualized

Total Return Ranking - Calendar

Period JOEIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.0% -2.7% 42.0% 81.71%
2022 -15.8% -42.2% 1.9% 12.99%
2021 7.5% -32.5% 33.1% 14.90%
2020 16.4% -20.0% 81.6% 61.11%
2019 14.6% 2.3% 42.0% 88.52%

NAV & Total Return History

JOEIX - Holdings

Concentration Analysis

JOEIX Category Low Category High JOEIX % Rank
Net Assets 884 M 682 K 103 B 37.08%
Number of Holdings 53 10 7049 86.21%
Net Assets in Top 10 372 M 118 K 19.2 B 34.14%
Weighting of Top 10 40.35% 0.7% 122.2% 25.74%

Top 10 Holdings

  1. Tencent Holdings Ltd. HKD0.00002 6.28%
  2. Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 4.88%
  3. Larsen Toubro Ltd. INR2 4.81%
  4. Itau Unibanco Holdings S.A. ADR EACH REPR 1 PRF NPV 3.79%
  5. Firstrand Ltd ZAR0.01 3.73%
  6. State Bank of India INR1 3.67%
  7. Ambev S.A. SPON ADR EACH REP 1 ORD SHS 3.40%
  8. Grupo Financiero Banorte S.A.B. de C.V. COM NPV SERIES O 3.37%
  9. CEMEX S.A.B. de C.V. SPON ADR REP 10 ORD SHS 3.21%
  10. Emaar Properties PJSC AED1 3.20%

Asset Allocation

Weighting Return Low Return High JOEIX % Rank
Stocks 		99.00% 0.00% 103.65% 17.80%
Cash 		1.53% -2.03% 99.29% 52.61%
Preferred Stocks 		0.18% 0.00% 10.09% 52.21%
Other 		0.00% -1.64% 50.31% 38.82%
Convertible Bonds 		0.00% 0.00% 7.40% 13.88%
Bonds 		0.00% 0.00% 94.30% 25.30%

Stock Sector Breakdown

Weighting Return Low Return High JOEIX % Rank
Technology 		18.81% 0.00% 47.50% 77.24%
Financial Services 		17.59% 0.00% 48.86% 75.47%
Basic Materials 		12.70% 0.00% 30.03% 8.94%
Communication Services 		9.78% 0.00% 39.29% 37.40%
Real Estate 		9.44% 0.00% 17.15% 1.63%
Consumer Cyclical 		8.03% 0.00% 48.94% 89.16%
Consumer Defense 		7.72% 0.00% 25.90% 28.46%
Industrials 		6.56% 0.00% 43.53% 41.46%
Energy 		6.54% 0.00% 24.80% 18.29%
Utilities 		2.84% 0.00% 39.12% 24.80%
Healthcare 		0.00% 0.00% 16.53% 97.70%

Stock Geographic Breakdown

Weighting Return Low Return High JOEIX % Rank
Non US 		73.33% 0.00% 100.18% 82.60%
US 		25.67% 0.00% 101.58% 11.78%

JOEIX - Expenses

Operational Fees

JOEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.03% 24.48% 67.07%
Management Fee 0.90% 0.00% 2.00% 50.67%
12b-1 Fee 0.10% 0.00% 1.00% 15.09%
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

JOEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

JOEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JOEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.60% 0.00% 189.00% 44.01%

JOEIX - Distributions

Dividend Yield Analysis

JOEIX Category Low Category High JOEIX % Rank
Dividend Yield 1.62% 0.00% 10.29% 56.36%

Dividend Distribution Analysis

JOEIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

JOEIX Category Low Category High JOEIX % Rank
Net Income Ratio 1.51% -1.98% 17.62% 27.78%

Capital Gain Distribution Analysis

JOEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

JOEIX - Fund Manager Analysis

Managers

Paul Wimborne

Start Date

Tenure

Tenure Rank

Nov 20, 2012

9.53

9.5%

Paul Wimborne is Senior Fund Manager for the JOHCM Global Emerging Markets Opportunities Strategy. Prior to joining JOHCM, Paul spent over four years at Baring Asset Management (Baring) as an Investment Manager in the Global Emerging Markets team led by James Syme. At Baring, Paul was Lead or Deputy Manager for 14 emerging markets mandates with a peak AUM of over $4bn. He previously worked at Insight Investment for three years as a Fund Manager in the Emerging Markets & Asia team and for five years in the Emerging Markets team at Rothschild Asset Management. Paul holds a BSc (Hons) in Management and Chemical Sciences from UMIST and is an affiliate member of the CFA.

James Syme

Start Date

Tenure

Tenure Rank

Nov 20, 2012

9.53

9.5%

James Syme is Senior Fund Manager for the JOHCM Global Emerging Markets Opportunities Strategy. Prior to joining JOHCM, James spent five years at Baring Asset Management (Baring) as the Head of Global Emerging Market Equities. At Baring, he and his colleague Paul Wimborne managed the Baring Global Emerging Markets Fund and 13 other funds and separate mandates. During this time, peak AUM for their mandates was over $4bn. James previously worked at SG Asset Management for seven years as a Portfolio Manager and as Head of Global Emerging Markets. Prior to 1997, James was a Portfolio Manager at Henderson Investors and an Analyst at H Clarkson. James is a CFA Charterholder and holds a BA (Hons) in Geography from the University of Cambridge.

Ada Chan

Start Date

Tenure

Tenure Rank

Mar 11, 2022

0.22

0.2%

Ada Chan joined JOHCM in April 2011. Since May 2016, she has worked on the J O Hambro Global Emerging Markets Opportunities team. Prior to joining JOHCM, Ada spent three years at GMO LLC as an Investment Analyst. She previously worked at Baring Asset Management as an Equity Research Analyst. Prior to 2000, she worked as an International Management Trainee and Equity Research Intern at State Street Corporation and Salomon Smith Barney, respectively. Ada holds an MSc in Computer Information Systems and BA in Business Administration, both from Boston University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.54 13.42

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