Morningstar Fund Report  | 17/04/2025Print

J O Hambro Capital Management UK Equity Income B GBP Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
J O Hambro Capital Management UK Equity Income B GBP Acc
Fund24.1-1.45.520.0-1.6
+/-Cat6.32.1-1.311.9-2.5
+/-B’mrk---2.210.2-6.8
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
16/04/2025		 GBP 4.75
Day Change 0.47%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK Equity Income
ISIN GB00B03KR831
Fund Size (Mil)
29/11/2024		 GBP 1767.35
Share Class Size (Mil)
16/04/2025		 GBP 36.28
Max Initial Charge 5.00%
Ongoing Charge
07/03/2025		  1.29%
Morningstar Research
Analyst Report15/01/2025
Michael Born, Analyst
Morningstar, Inc

JOHCM UK Equity Income benefits from a long-established and successful management partnership, as well as a distinguished and disciplined process, earning a Morningstar Analyst Rating of Silver for all share classes. Clive Beagles and James...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People25
Parent24
Process24
Performance
Price
Investment Objective: J O Hambro Capital Management UK Equity Income B GBP Acc
The Sub-fund’s investment objective is to generate a level of income which increases year on year as well as the potential to grow the amount invested over a rolling period of seven to ten years. The Sub-fund’s target is to have a return greater than the FTSE All-Share Total Return index (12pm adjusted), which is used in the calculation of performance fees. At least 90% of the Sub-fund is invested in the shares of companies which are listed on the London Stock Exchange (or other UK exchanges). These will include large, medium and small-sized companies. The Sub-fund is not expected to invest more than 25% in the shares of smaller companies, which are widely viewed as being riskier than shares in larger companies. Investing in shares of smaller companies enables the Sub-fund to find dividend income in a broader set of companies and, in the opinion of the fund managers, differentiates the Sub-fund from other similar funds.
Returns
Trailing Returns (GBP)16/04/2025
YTD-4.14
3 Years Annualised5.90
5 Years Annualised14.71
10 Years Annualised4.85
12 Month Yield 4.88
Management
Manager Name
Start Date
James Lowen
30/11/2004
Clive Beagles
30/11/2004
Inception Date
30/11/2004

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  J O Hambro Capital Management UK Equity Income B GBP Acc31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.240.0099.24
Bond0.000.000.00
Property0.000.000.00
Cash0.760.000.76
Other0.000.000.00
Top 5 Regions%
United Kingdom92.34
United States3.27
Europe - ex Euro2.93
Asia - Emerging1.46
Canada0.00
Top 5 Sectors%
Financial Services36.60
Industrials18.88
Basic Materials12.00
Energy7.36
Communication Services7.31
Top 5 HoldingsSector%
BP PLCEnergyEnergy5.76
Lloyds Banking Group PLCFinancial ServicesFinancial Services4.54
Barclays PLCFinancial ServicesFinancial Services4.43
Aviva PLCFinancial ServicesFinancial Services3.68
HSBC Holdings PLCFinancial ServicesFinancial Services3.66
Increase Decrease New since last portfolio
J O Hambro Capital Management UK Equity Income B GBP Acc
Growth Of 1000 (GBP) 31/03/2025
Fund:  J O Hambro Capital Management UK Equity Income B GBP Acc
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-13.6119.32-16.1424.13-1.365.4720.00-1.64
+/- Category-3.050.38-3.586.322.08-1.2911.91-2.51
+/- Category Index------2.1510.17-6.79
% Rank in Category795584134875380
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.47   -0.93-1.00
1 Week8.85   3.954.28
1 Month-3.73   -0.540.18
3 Months-3.30   -2.31-3.76
6 Months-2.91   -0.22-4.33
YTD-4.14   -2.30-5.75
1 Year9.38   5.661.78
3 Years Annualised5.90   2.240.07
5 Years Annualised14.71   5.023.24
10 Years Annualised4.85   0.88-0.35
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.64---
20245.436.215.451.62
20230.92-3.395.612.43
20220.50-8.13-5.4112.93
202112.773.613.782.37
2020-36.5911.38-8.6629.98
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageHigh3 star
5-YearHighHigh4 star
10-YearAbove AverageHigh2 star
OverallAbove AverageHigh3 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev15.81 %
3-Yr Mean Return8.21 %
 
3-Yr Sharpe Ratio0.25
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  FTSE AllSh TR GBP
3-Yr Beta1.271.30
3-Yr Alpha-1.06-0.75
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 4027-
Market Capitalisation% of Equity
Giant9.49
Large28.53
Medium16.94
Small26.74
Micro18.31
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings8.790.78
Price/Book1.000.62
Price/Sales0.470.52
Price/Cash Flow3.880.54
Dividend-Yield Factor6.131.34
 
Long-Term Projected Earnings Growth12.501.32
Historical Earnings Growth-5.130.76
Sales Growth5.360.93
Cash-Flow Growth4.058.79
Book-Value Growth1.060.69
 
Category: UK Equity Income
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.240.0099.24
Bond0.000.000.00
Property0.000.000.00
Cash0.760.000.76
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States3.271.26
Canada0.000.00
Latin America0.000.00
United Kingdom92.341.00
Eurozone0.000.00
Europe - ex Euro2.932.48
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging1.4613.10
 
Category: UK Equity Income
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials12.002.01
Consumer CyclicalConsumer Cyclical6.610.69
Financial ServicesFinancial Services36.601.45
Real EstateReal Estate5.451.52
Consumer DefensiveConsumer Defensive1.200.09
UtilitiesUtilities3.760.76
Communication ServicesCommunication Services7.311.21
EnergyEnergy7.360.98
IndustrialsIndustrials18.881.45
TechnologyTechnology0.810.36
 
Category: UK Equity Income
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings58
Total Number of Bond Holdings0
Assets in Top 10 Holdings38.25
NameSectorCountry% of Assets
BP PLC309United Kingdom5.76
Lloyds Banking Group PLC103United Kingdom4.54
Barclays PLC103United Kingdom4.43
Aviva PLC103United Kingdom3.68
HSBC Holdings PLC103United Kingdom3.66
Standard Chartered PLC103United Kingdom3.65
Phoenix Group Holdings PLC103United Kingdom3.34
Legal & General Group PLC103United Kingdom3.21
ITV PLC308United Kingdom3.09
Glencore PLC101Switzerland2.91
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
Management
Name of CompanyJOHCM Funds (UK) Limited
Phone-
Website -
AddressThird Floor,1 St James’s Market
 London   SW1Y 4AH
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date30/11/2004
Fund Advisor(s)
J O Hambro Capital Management Limited
Fund ManagerJames Lowen
Manager Start Date30/11/2004
 
Biography
James is a qualified Chartered Accountant and joined Newton Investment Management in 1998 as a member of their Research Department. James holds a first class degree in Economics from the University of Exeter and is an associate member of the Institute of Investment Management and Research.
Fund ManagerClive Beagles
Manager Start Date30/11/2004
Career Start Year1993
 
Biography
Clive joined the Group in September 2004 with over 15 years’ fund management experience. Prior to joining JOHCM he was Investment Leader UK Equities at Newton Investment Management and managed the successful Newton Higher Income Fund for three years. While managing the Newton Higher Income Fund, Clive was awarded a AAA by Citywire. Whilst Clive managed the fund, it outperformed the FTSE All Share index by 19.5% (Source: Lipper; from 01/07/01 to 24/03/04). His JOHCM UK Equity Income Fund is AA rated by Forsyth-OBSR and A rated by Standard & Poor’s.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.17%
Ongoing Charge1.29%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes