Fund Evaluator:
JOHCM International Select Investor (JOHAX)
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Best Performing in Foreign Large Growth Over the Last Year
| 27.0% | WCM Focused International Equity Inv (WLIVX) |
| 25.4% | Saturna International Z (SIFZX) |
| 25.1% | Saturna International (SSIFX) |
| 24.2% | American Funds EUPAC F-3 (FEUPX) |
| 23.2% | Fidelity Diversified International (FDIVX) |
Fund Details
JOHCM International Select Investor Overview
JOHCM International Select Investor (JOHAX) is an actively managed International Equity Foreign Large Growth fund. JOHCM Funds launched the fund in 2010.
The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective by investing primarily in common stocks and other equity securities of companies located outside the United States. Typically, it invests in a number of different countries, including emerging markets. The fund may invest in companies of any size, including small- and mid capitalization companies, in order to achieve its objective.
About JOHCM International Select Investor (JOHAX)
There are 2 members of the management team with an average tenure of 17.02 years: Nudgem Richyal (2009), Christopher Lees (2009). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. JOHCM International Select Investor has 91 securities in its portfolio. The top 10 holdings constitute 27.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
JOHCM International Select Investor is part of the Equity global asset class and is within the International Equity fund group. JOHCM International Select Investor has 96.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.4%. There is 96.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). JOHCM International Select Investor has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $154 million in total assets, which is below the $1 billion average for the Foreign Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JOHAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JOHCM International Select Investor expense ratio is high compared to funds in the Foreign Large Growth category. JOHCM International Select Investor has an expense ratio of 1.19%, which is 15% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. JOHCM International Select Investor has a portfolio turnover rate of 92%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.
Recently, in the month of July 2026, JOHCM International Select Investor returned -1.1%, which earned it a grade of B, as the Foreign Large Growth category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
JOHCM International Select Investor has a trailing yield of 1.47%, which is above the 0.95% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
JOHCM International Select Investor Grades
Year to date, the fund has returned 4.4%, 2.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 16.2% over the past year (grade of C), 10.1% over the past three years (grade of C) and 1.7% per year over the past five years (grade of D) and 6.5% per year over the past 10 years (grade of F).
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JOHAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JOHAX Return (NAV) | -1.1% | -2.7% | 16.2% | 10.1% | 1.7% | 6.5% |
| JOHAX Grade | B | F | C | C | D | F |
| +/- Category | 1.5% | -5.3% | 3.1% | -0.7% | -1.6% | -1.6% |
| Foreign Large Growth Avg | -2.7% | 2.6% | 13.1% | 10.7% | 3.2% | 8.2% |
| JOHAX Tax Cost Ratio | na | na | 0.9% | 0.7% | 1.0% | 0.7% |
JOHAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JOHAX Return (NAV) | 4.4% | 25.4% | -0.1% | 17.9% | -32.5% | 9.0% | 29.3% | 18.8% | -8.5% | 22.6% | 4.9% |
| JOHAX Grade | D | B | F | B | F | C | B | F | A | F | A |
| +/- Category | -2.1% | 5.4% | -5.5% | 1.2% | -7.4% | 0.9% | 3.9% | -10.5% | 5.1% | -9.5% | 6.5% |
| Foreign Large Growth Avg | 6.5% | 20.0% | 5.3% | 16.7% | -25.2% | 8.1% | 25.5% | 29.3% | -13.6% | 32.1% | -1.6% |
| Risk Measures | |
| Standard Deviation: | 15.6% |
| Total Risk Index: | 1.27 - Above Average |
| Category Risk Index: | 1.02 - Above Average |
| Category Risk Grade: | D (70% Rank) |
| Beta: | 1.02 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 1.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2553 Mil |
| Fund Total Assets: | $ 154 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 93% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 17.0 years | |||
| Average Tenure: 17.0 years | |||
| Managers (Year): Richyal Nudgem (2009), Lees Christopher (2009) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 91 |
| % in Top 10 Holdings: | 27.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.3% |
Portfolio Allocation |
|
| Domestic Stock: | 2.4% |
| Foreign Stock: | 96.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Fund Family: | JOHCM Funds |
| Phone Number: | 866-260-9549 |
| Website: |
| Status: | Open |
| Inception Date: | March 31, 2010 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.19% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | JOHCM International Select Institutional |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
