JOBIX — JOHCM Global Income Builder Fund

JOBIX Fund Overview

JOBIX — JOHCM Global Income Builder Fund is a US mutual fund managed by Advisers Investment Trust, categorised as Commodity. 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: Commodity
• Assets under management: $95.49M
• 1-year return: 21.8%
• Ticker: JOBIX
• SEC CIK: 0001516523
• SEC series ID: S000059318
• Share class ID: C000194677

JOBIX Investment Objective and Strategy

JOHCM Global Income Builder 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 Global Income Builder Fund (the “Fund”) is to seek a level of current income that is consistent with the preservation and long-term growth of capital in inflation-adjusted terms.

Principal investment strategy

The Fund seeks to achieve its investment objective by applying a bottom-up, long-term global value investing philosophy across a broad range of asset classes. In a bottom-up approach, companies and securities are researched and chosen individually. The Fund normally will invest in a wide range of income-producing equity securities, including common stocks of U.S. and foreign companies that offer attractive dividend yields. The Fund also normally will invest in a wide range of fixed income instruments from markets in the United States and multiple countries around the world such as high-yield instruments (commonly referred to as junk bonds), investment grade instruments and sovereign debt. Additionally, the Fund normally will invest in hybrid securities that embody elements of both equity and fixed income securities such as preferred shares and convertible bonds.

The Fund may invest in securities of any maturity or investment rating, as well as unrated securities. While the Fund may hold investments in non-income producing securities, under normal market conditions at least 80% of the Funds assets will be comprised of income producing securities. As a multi-asset portfolio, the Fund invests in the various asset classes described above and may shift its investments from one asset class to another. The Adviser believes that maintaining this flexible approach is critical to avoiding pockets of overvalued securities. The Adviser also seeks to preserve flexibility across geographic areas and company size. As a result, the Fund may invest in securities of companies of any market capitalization or domicile. The Adviser anticipates that - under normal circumstances - the Fund will invest in a portfolio of between 30% and 70% equity securities, with the balance of its assets invested in fixed income securities, hedging assets (as defined below) and cash or cash equivalents.

However, the Adviser maintains the ability to adjust the Funds allocations as needed to adapt the portfolio to various income, market, and valuation environments. In pursuing the Funds investment objective, under normal circumstances, at least 40% of the Funds investments will be in issuers domiciled outside of the United States or in issuers that derive a significant proportion of their revenues or profits from goods produced or sold, investments made, or services performed outside the United States or have at least 50% of its assets situated outside the United States (foreign issuers). If market conditions are deemed unfavorable the Adviser expects at least 30% of the Funds investments to be in foreign issuers. The Fund may invest in various hedging assets that the Adviser believes will reduce the overall volatility of the Fund, protecting capital, in certain market environments.

Such hedging assets may include, but are not limited to: exchange-traded funds and commodity-linked investment vehicles that primarily invest in gold and precious metals; inflation-linked investments; and currency hedging instruments such as currency forward contracts and currency futures. The Fund may also use hedging and derivative instruments to reduce certain risk exposures present in the Funds holdings. Pursuant to a value investing philosophy, the Fund seeks to invest in securities the Adviser believes provide a discount (or margin of safety) between a securitys price and what the Adviser believes to be the true value of the underlying business (which is sometimes referred to as intrinsic value). The Adviser examines economic, financial, and other qualitative and quantitative factors to evaluate a securitys value.

The outcome of this analysis is then compared to the securitys current value to determine if it is over or underpriced. To this end the Funds investments and strategy may at times be viewed as contrarian. The Adviser believes that investing when such a margin of safety is present can help reduce the likelihood of permanent loss of capital, as opposed to temporary losses due to shifting investor sentiment or other normal asset price volatility. The Adviser may sell a security as it reaches the Advisers estimate of the companys value; if the Adviser believes that the companys underlying business is deteriorating; or if the Adviser identifies a security that it believes offers a better investment opportunity. The Fund will seek to invest in companies that the Adviser believes have high quality management teams, strong balance sheets, and defensible businesses models, however the valuation of the specific investment under consideration is the most important criteria.

As a result, the Fund may invest in securities of issuers which do not encompass all or, in some cases, any of the above qualities, if the Adviser believes the security is significantly undervalued and an exceptional margin of safety exists. In general, the lower the quality of the issuers business, the higher the margin of safety that is required.

JOBIX Performance

Total returns for JOBIX (as of 2026-10-01), from SEC filings.

JOBIX Risk Information

Risk metrics for JOBIX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 10.6%

JOBIX Costs and Fees

JOBIX costs about $75 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.75%
• Gross expense ratio: 1.00%
• Portfolio turnover: 141%
• Brokerage commissions: 6.78 bps of average net assets (SEC N-CEN)

JOBIX Cashflows

Over the 12 months to 2021-06, JOHCM Global Income Builder Fund had net inflows of $24.18M, from monthly SEC N-PORT filings.

JOBIX Debt Constituents

No individual debt constituents are reported in JOHCM Global Income Builder Fund's latest SEC N-PORT filing.

JOBIX Prospectus and SEC Filings

Official JOHCM Global Income Builder Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-01-27
• Prospectus (485BPOS) — filed 2020-02-07
• Prospectus supplement (497) — filed 2020-09-22
• Portfolio holdings (N-PORT) — filed 2021-08-27
• Portfolio holdings (N-PORT) — filed 2021-05-14
• Portfolio holdings (N-PORT) — filed 2021-02-25
• Annual census (N-CEN) — filed 2020-12-11
• Annual census (N-CEN) — filed 2019-12-09

Related Funds

Other Commodity funds tracked on ABC INVEST:

• VanEck Vectors Gold Miners ETF (GDX)
• VanEck Vectors Junior Gold Miners ETF (GDXJ)
• Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC)
• PIMCO CommoditiesPLUS Strategy Fund (PCLAX)
• First Eagle Gold Fund (SGGDX)

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.