JOHCM Asia Ex-Japan Equity Fund
Data updated: 2020-05-28
C000138344 — JOHCM Asia Ex-Japan Equity Fund. China Blend / Core Equity · $17.51M AUM · 0.90% expense ratio. Holdings, fees, performance and SEC filings.
C000138344 Fund Overview
JOHCM Asia Ex-Japan Equity Fund is a US mutual fund managed by Advisers Investment Trust, categorised as China Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisers Investment Trust
- Category: China Blend / Core Equity
- Assets under management: $17.51M
- SEC CIK: 0001516523
- SEC series ID: S000044459
- Share class ID: C000138344
C000138344 Investment Objective and Strategy
JOHCM Asia Ex-Japan Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisers Investment Trust.
Investment objective
The investment objective of the JOHCM Asia ex-Japan Equity Fund (the “Fund”) is to seek long-term capital appreciation.
Principal investment strategy
The Fund invests at least 80% of its assets in equity securities of companies located in the Asia (excluding Japan) region (Asia (ex-Japan)). Shareholders will be given 60 days advance notice of any change to this policy. A company is generally considered to be an Asia (ex-Japan) company if, as determined by the Adviser, (i) it is organized under the laws of, or has its principal place of business or principal office in a country of the Asia (ex-Japan) region; (ii) it has its principal securities trading market in a country in Asia (excluding Japan); (iii) it derives at least 50% of its revenues or profits from goods produced or sold, investments made, services performed, or has at least 50% of its assets located in the Asia (excluding Japan); or (iv) issues securities denominated in the currency of a country in Asia (excluding Japan).
Countries included in the Asia (ex-Japan) region include, among others, Bangladesh, China, Hong Kong, India, Indonesia, Malaysia, Mauritius, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, and Vietnam. The Fund invests primarily in common stock, but may also invest in other types of equity securities, including, but not limited to, preferred stock, rights, warrants and depositary receipts. The Fund will generally invest in equity securities of companies which have a market capitalization at the time of purchase of greater than US $500 million. The Fund may also hold stocks of companies with market capitalizations of greater than US $10 billion. The Fund invests the majority of its assets in high quality, growth companies that have strong management teams who recognize the potential to boost returns for shareholders through efficient capital management.
A smaller portion of the portfolio may be invested in value companies that are restructuring or shifting to a more sustainable quality growth model and are trading at a book value significantly lower (often one standard deviation) than their historical levels. The investment process is focused on identifying and owning Quality, Long-term Sustainable Growth (QLSG) companies, which are businesses that can sustainably grow over economic and liquidity cycles. The investment process will be driven by fundamental bottom-up stock selection, with an overlay of top-down macro, country and sector analysis. The adviser applies a fundamental bottom-up analysis in its stock selection, focusing on a particular investment opportunity or small set of opportunities, and reviews various information sources such as financial statements, company announcements and disclosures, and economic and industry reports to determine which investments are appropriate for the Fund.
This analysis is augmented with a top-down macro overlay that first considers the condition of the market as a whole and then strategically focuses the analysis by country and, ultimately, by sector. Decisions will be based on a screening process based on rigorous research that takes into account the fundamentals, future prospects and current valuations of companies. There is a continuous effort on meeting or speaking with the management of relevant companies to evaluate business models and determine business trends. Although the Fund will primarily invest directly in Asia (ex-Japan) equity securities, the Fund may from time to time invest in equity securities of companies domiciled or exercising the predominant part of their economic activities in Australia and New Zealand as well. These are developed markets, with increasing linkages to the Asian region.
The investments in Australia and New Zealand will not exceed 15% of the of the Funds assets. The Fund may hedge the portfolio by selling listed equity index futures of the markets that the Fund invests in, but this will be purely for the purposes of hedging or downside protection and will not exceed 25% of the Funds assets.
C000138344 Costs and Fees
C000138344 costs about $90 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.90%
- Gross expense ratio: 1.60%
- Portfolio turnover: 49%
- Brokerage commissions: 18.05 bps of average net assets (SEC N-CEN)
C000138344 Cashflows
Over the 12 months to 2020-03, JOHCM Asia Ex-Japan Equity Fund had net inflows of $22.78M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | $19.02M |
| 2020-02 | $71.95K |
| 2020-01 | $114.93K |
| 2019-12 | $668.38K |
| 2019-11 | $625.79K |
| 2019-10 | $651.88K |
C000138344 Debt Constituents
No individual debt constituents are reported in JOHCM Asia Ex-Japan Equity Fund's latest SEC N-PORT filing.
C000138344 Prospectus and SEC Filings
Official JOHCM Asia Ex-Japan Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-02-07
- Prospectus (485BPOS) — filed 2019-02-08
- Prospectus supplement (497) — filed 2018-08-10
- Portfolio holdings (N-PORT) — filed 2020-05-28
- Portfolio holdings (N-PORT) — filed 2020-02-27
- Portfolio holdings (N-PORT) — filed 2019-11-25
- Annual census (N-CEN) — filed 2019-12-09
- Annual census (N-CEN) — filed 2018-12-11
Related Funds
Other China Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.