Continue to site >
Trending ETFs

JOHCM International Opportunities Fund

mutual fund
JOPSX
Payout Change
Pending
Price as of:
$12.42 -0.13 -1.04%
primary theme
International Large-Cap Blend Equity
share class
JOPSX (Mutual Fund)

JOHCM International Opportunities Fund

Payout Change
Pending
Price as of:
$12.42 -0.13 -1.04%
primary theme
International Large-Cap Blend Equity
share class
JOPSX (Mutual Fund)

JOHCM International Opportunities Fund

Payout Change
Pending
Price as of:
$12.42 -0.13 -1.04%
primary theme
International Large-Cap Blend Equity
share class

Name

As of 06/14/2024

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

$12.42

$8.26 M

0.58%

$0.07

4.20%

Vitals

YTD Return

5.1%

1 yr return

11.9%

3 Yr Avg Return

5.2%

5 Yr Avg Return

8.3%

Net Assets

$8.26 M

Holdings in Top 10

37.3%

52 WEEK LOW AND HIGH

$12.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 4.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 47.85%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

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

$12.42

$8.26 M

0.58%

$0.07

4.20%

JOPSX - Profile

Distributions

  • YTD Total Return 5.1%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return 8.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.83%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    JOHCM International Opportunities Fund
  • Fund Family Name
    JOHCM Funds
  • Inception Date
    Sep 29, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ben Leyland

Fund Description

The Fund invests, under normal market conditions, primarily in equity securities of companies located outside the United States, including those located in emerging market countries. The Fund may invest in non-U.S. companies of any size, including small- and mid-capitalization companies, to achieve its objective. Equity securities include common and preferred stocks and include rights and warrants to subscribe to common stock or other equity securities. The Fund may achieve its equity exposure either directly or indirectly, such as through depositary receipts or participatory notes, though it does not use such indirect instruments for purposes of creating leverage. 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 operates as a “diversified” investment company and will typically own between 25-50 holdings. The portfolio managers aim to achieve above-average risk-adjusted total returns. The portfolio managers seek to achieve this through investing in a benchmark-agnostic portfolio what they believe to be of attractively-valued, high-quality companies with lower-than-average volatility (as measured against peers or relevant indices), over the medium term of three to five years. The portfolio managers seek to assess intrinsic value of such companies based on long term competitive advantages and cash flow expectations. They prioritize companies that they believe can generate cash profits reliably over many years and have opportunities to pay dividends and/or reinvest some of those profits at high rates of return. The portfolio managers look for opportunities where the capital markets underappreciate and misprice quality characteristics and growth potential. The portfolio managers believe that many market participants underestimate the potential for change and improvement of individual companies because they focus on and extrapolate a narrow range of backward-looking metrics such as recent earnings growth and returns on capital.
The portfolio managers believe that a key risk to any investor is permanent impairment of capital from owning overvalued assets. Overvaluation may result either from strong share price performance or from a deterioration in the expected intrinsic value of the underlying business. Therefore, the Fund maintains a valuation discipline intended to ensure that assets are only bought when they are attractively valued, in absolute terms, with reference to their estimated intrinsic value, and are sold when they become overvalued on the same basis.
Consistent with the Fund’s absolute valuation discipline, the portfolio managers may determine to delay reinvestment of sale proceeds or other available cash immediately, instead holding positions in cash and cash equivalents, including money market funds, potentially in an amount up to 20% of the net assets of the Fund, while examining and awaiting available investment opportunities.
Additionally, as part of the research and security selection processes, the portfolio managers ordinarily consider financially material environmental, social and governance (“ESG”) factors that they believe have the potential to adversely affect the long-term performance of a company. In doing so, the portfolio managers conduct their own proprietary ESG analysis, in addition to having access to third-party analytics sources such as Sustainalytics and MSCI, which they may use to augment or contextualize their own analysis. The portfolio managers’ ESG analysis is conducted on a company-by-company basis and does not place greater emphasis on any particular environmental, social or governance factor. The objective of the analysis is to identify both risks, which may result in a decision not to invest, and opportunities for engagement, where the portfolio managers judge that this has the potential to yield positive outcomes by bolstering the company’s path to improvement.
Read More

JOPSX - Performance

Return Ranking - Trailing

Period JOPSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -3.8% 30.7% 51.88%
1 Yr 11.9% -5.7% 18.5% 15.26%
3 Yr 5.2%* -17.3% 43.2% 3.43%
5 Yr 8.3%* -34.2% 76.4% 14.09%
10 Yr N/A* -0.6% 15.8% N/A

* Annualized

Return Ranking - Calendar

Period JOPSX Return Category Return Low Category Return High Rank in Category (%)
2023 18.8% -7.3% 22.0% 1.65%
2022 -2.6% -43.6% 71.3% 0.92%
2021 -12.6% -28.5% 18.9% 96.71%
2020 5.8% -90.1% 992.1% 75.08%
2019 15.6% -1.9% 38.8% 88.78%

Total Return Ranking - Trailing

Period JOPSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -3.8% 30.7% 51.88%
1 Yr 11.9% -5.7% 18.5% 15.26%
3 Yr 5.2%* -17.3% 43.2% 3.43%
5 Yr 8.3%* -34.2% 76.4% 14.09%
10 Yr N/A* -0.6% 15.8% N/A

* Annualized

Total Return Ranking - Calendar

Period JOPSX Return Category Return Low Category Return High Rank in Category (%)
2023 19.5% 3.2% 41.4% 11.73%
2022 -0.6% -43.6% 144.8% 0.92%
2021 2.0% -22.6% 56.0% 97.18%
2020 8.2% -89.7% 1010.8% 63.50%
2019 18.2% 4.3% 38.8% 91.50%

NAV & Total Return History


JOPSX - Holdings

Concentration Analysis

JOPSX Category Low Category High JOPSX % Rank
Net Assets 8.26 M 3.3 M 425 B 96.86%
Number of Holdings 39 1 10659 88.94%
Net Assets in Top 10 11.4 M 139 K 41 B 91.33%
Weighting of Top 10 37.32% 2.7% 112.8% 14.29%

Top 10 Holdings

  1. Northern Inst Fds TREAS PRT PRMR 4.56%
  2. Deutsche Boerse AG NPV(REGD) 4.00%
  3. Shell PLC ORD EUR0.07 3.96%
  4. Compass Group PLC ORD GBP0.1105 3.93%
  5. Thales SA EUR3 3.78%
  6. Merck KGaA NPV 3.60%
  7. Intact Financial Corp. COM NPV 3.51%
  8. CRH PLC ORD EUR 0.32 (DI) 3.38%
  9. Sanofi EUR2 3.30%
  10. Komatsu Ltd. NPV 3.30%

Asset Allocation

Weighting Return Low Return High JOPSX % Rank
Stocks
92.38% 0.00% 103.70% 91.48%
Cash
4.82% 0.00% 28.70% 10.61%
Preferred Stocks
2.80% -0.01% 7.80% 5.53%
Other
0.00% -0.18% 42.73% 78.48%
Convertible Bonds
0.00% 0.00% 4.18% 60.24%
Bonds
0.00% -0.92% 73.67% 62.33%

Stock Sector Breakdown

Weighting Return Low Return High JOPSX % Rank
Consumer Defense
14.87% 0.00% 32.29% 7.23%
Financial Services
14.41% 0.00% 47.75% 85.54%
Consumer Cyclical
13.21% 0.00% 36.36% 12.77%
Energy
11.99% 0.00% 16.89% 1.38%
Communication Services
11.42% 0.00% 21.69% 5.85%
Utilities
11.41% 0.00% 13.68% 0.31%
Healthcare
7.72% 0.00% 21.01% 89.23%
Industrials
7.47% 5.17% 99.49% 96.00%
Basic Materials
5.57% 0.00% 23.86% 82.31%
Technology
1.93% 0.00% 36.32% 98.46%
Real Estate
0.00% 0.00% 14.59% 89.38%

Stock Geographic Breakdown

Weighting Return Low Return High JOPSX % Rank
Non US
89.64% 0.00% 101.08% 56.50%
US
2.74% 0.00% 100.07% 62.48%

JOPSX - Expenses

Operational Fees

JOPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.20% 0.01% 19.62% 2.10%
Management Fee 0.75% 0.00% 1.65% 70.08%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

JOPSX 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

JOPSX 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.

JOPSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.85% 2.00% 247.00% 64.25%

JOPSX - Distributions

Dividend Yield Analysis

JOPSX Category Low Category High JOPSX % Rank
Dividend Yield 0.58% 0.00% 25.02% 92.68%

Dividend Distribution Analysis

JOPSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

JOPSX Category Low Category High JOPSX % Rank
Net Income Ratio 1.83% -0.93% 6.38% 41.23%

Capital Gain Distribution Analysis

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

Distributions History

View More +

JOPSX - Fund Manager Analysis

Managers

Ben Leyland


Start Date

Tenure

Tenure Rank

Sep 29, 2016

5.67

5.7%

Ben has been with JOHCM since April 2006, when he joined to work on the UK Opportunities Strategy. 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 Lancastle


Start Date

Tenure

Tenure Rank

Sep 29, 2016

5.67

5.7%

Prior to joining JOHCM, Robert worked for Orbis Investment Advisory as an Equity Analyst for the Orbis Global Equity Strategy, focused on the retail, media, technology, oil & gas and insurance sectors. Previously, Robert worked as a Maths and Physics Teacher at Wellington College. Robert holds a BEng and MEng from Cambridge University and is a CFA Charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.31 3.25