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Name

As of 06/02/2026

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

JOHCM Emerging Markets Opportunities Fund

JOEAX | Fund

$18.24

$1.57 B

2.36%

$0.42

1.28%

Vitals

YTD Return

22.7%

1 yr return

46.8%

3 Yr Avg Return

22.0%

5 Yr Avg Return

12.7%

Net Assets

$1.57 B

Holdings in Top 10

44.2%

52 WEEK LOW AND HIGH

$17.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 38.60%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/02/2026

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

JOHCM Emerging Markets Opportunities Fund

JOEAX | Fund

$18.24

$1.57 B

2.36%

$0.42

1.28%

JOEAX - Profile

Distributions

  • YTD Total Return 22.7%
  • 3 Yr Annualized Total Return 22.0%
  • 5 Yr Annualized Total Return 12.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.47%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    JOHCM Emerging Markets Opportunities Fund
  • Fund Family Name
    Perpetual Americas Funds Trust
  • Inception Date
    Dec 18, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Wimborne

Fund Description

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of companies located in emerging market countries. Emerging market countries are those countries included in the MSCI Emerging Markets Index and MSCI Frontier Markets
Index, countries with low to middle-income economies according to the International Bank for Reconstruction and Development (more commonly referred to as the World Bank) and other countries with similar emerging market characteristics. The Fund may invest in companies of any size, including small- and mid‑capitalization companies. The Fund may also invest up to 5% of its assets in equity securities of companies located in frontier markets, which are generally smaller, less liquid, and less developed than emerging markets.
The equity securities in the Fund’s portfolio can include direct and indirect investments in common and preferred stocks, as well as rights and warrants to subscribe to equity securities. The portfolio managers consider the relative pricing and risks, among other factors, in determining whether to seek direct or indirect exposure to an equity security. The Fund obtains indirect exposure to equity securities through instruments such as depositary receipts and, where more attractive alternatives are unavailable, participatory notes. Depositary receipts, such as American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) are receipts issued by a bank or trust company evidencing ownership of underlying securities issued by a foreign issuer. Depositary receipts are alternatives to directly purchasing the underlying foreign securities in their national markets and currencies.
The Fund utilizes a core investment style with a modest growth tilt (growth at a reasonable price, or “GARP”) over all capitalization ranges to invest in equity securities of companies located in emerging markets. The investment team combines top‑down and bottom‑up research to assess potential investments in the Fund. The investment strategy is a blend of growth and value investing, seeking to find companies that have the potential for strong earnings growth, that are priced at an attractive valuation, that meet the team’s corporate governance threshold, and that fit with the portfolio managers’ top-down country-level views. A top‑down country view represents an assessment of the investment prospects in a country (in this case, a particular emerging market country) based on macroeconomic, geopolitical and other factors affecting the country as a whole. The portfolio is managed with reference to its performance benchmark, the MSCI Emerging Markets Index, as to country and sector allocations. The portfolio managers may depart from the benchmark’s allocations at any time. The Fund will typically own between 40 and 60 companies.
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’s performance benchmark index currently includes substantial exposure to China. The Fund may also participate in initial public offerings (“IPOs”).
Read More

JOEAX - Performance

Return Ranking - Trailing

Period JOEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.7% -18.5% 102.9% 72.47%
1 Yr 46.8% -14.2% 239.7% 68.20%
3 Yr 22.0%* -0.2% 66.1% 61.01%
5 Yr 12.7%* -11.3% 25.5% 5.52%
10 Yr 12.7%* 0.8% 21.5% 7.29%

* Annualized

Return Ranking - Calendar

Period JOEAX Return Category Return Low Category Return High Rank in Category (%)
2025 31.0% -39.1% 56.9% 33.28%
2024 4.8% -24.0% 31.7% 45.90%
2023 5.1% -6.5% 35.5% 84.20%
2022 -17.5% -50.1% -2.4% 10.75%
2021 -2.2% -33.1% 22.5% 33.04%

Total Return Ranking - Trailing

Period JOEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.7% -18.5% 102.9% 72.47%
1 Yr 46.8% -14.2% 239.7% 68.20%
3 Yr 22.0%* -0.2% 66.1% 61.01%
5 Yr 12.7%* -11.3% 25.5% 5.52%
10 Yr 12.7%* 0.8% 21.5% 7.29%

* Annualized

Total Return Ranking - Calendar

Period JOEAX Return Category Return Low Category Return High Rank in Category (%)
2025 36.0% 0.1% 87.2% 21.92%
2024 5.7% -16.6% 31.7% 60.25%
2023 6.8% -2.5% 42.0% 84.04%
2022 -15.9% -42.2% 1.9% 14.33%
2021 25.9% -32.5% 33.1% 1.38%

NAV & Total Return History

JOEAX - Holdings

Concentration Analysis

JOEAX Category Low Category High JOEAX % Rank
Net Assets 1.57 B 682 K 160 B 38.01%
Number of Holdings 62 10 7640 79.97%
Net Assets in Top 10 632 M 290 K 47.3 B 35.80%
Weighting of Top 10 44.19% 2.9% 107.6% 31.28%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co., Ltd. TWD10 12.30%
  2. Tencent Holdings Ltd. HKD0.00002 6.23%
  3. SK Hynix Inc. KRW5000 4.32%
  4. Hong Kong Exchanges Clearing Ltd. NPV 3.68%
  5. Itau Unibanco Holding SA ADR EACH REPR 1 PRF NPV 3.40%
  6. Northern Institutional Funds TREAS PRT PRMR 3.23%
  7. Anglogold Ashanti PLC COM SHS 3.01%
  8. Banco BTG Pactual S.A. UNITS(1COM 2PRF A) 02/17 2.83%
  9. Samsung Life Insurance Co Ltd. KRW500 2.72%
  10. Barrick Mining Corp. COM SHS 2.47%

Asset Allocation

Weighting Return Low Return High JOEAX % Rank
Stocks 		96.53% 0.00% 102.89% 56.78%
Cash 		3.47% -2.03% 17.54% 28.86%
Preferred Stocks 		0.00% 0.00% 12.21% 73.97%
Other 		0.00% -0.56% 10.07% 40.22%
Convertible Bonds 		0.00% 0.00% 7.40% 22.10%
Bonds 		0.00% 0.00% 138.18% 27.92%

Stock Sector Breakdown

Weighting Return Low Return High JOEAX % Rank
Technology 		18.81% 0.00% 47.50% 75.04%
Financial Services 		17.59% 0.00% 48.86% 74.24%
Basic Materials 		12.70% 0.00% 30.03% 8.64%
Communication Services 		9.78% 0.00% 39.29% 38.24%
Real Estate 		9.44% 0.00% 17.15% 1.28%
Consumer Cyclical 		8.03% 0.00% 48.94% 89.76%
Consumer Defense 		7.72% 0.00% 25.90% 27.84%
Industrials 		6.56% 0.00% 43.53% 42.88%
Energy 		6.54% 0.00% 24.80% 19.36%
Utilities 		2.84% 0.00% 39.12% 25.12%
Healthcare 		0.00% 0.00% 16.53% 96.96%

Stock Geographic Breakdown

Weighting Return Low Return High JOEAX % Rank
Non US 		80.33% 0.00% 100.93% 73.34%
US 		16.20% 0.00% 96.45% 25.24%

JOEAX - Expenses

Operational Fees

JOEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.28% 0.02% 26.99% 47.78%
Management Fee 0.90% 0.00% 1.50% 56.08%
12b-1 Fee 0.25% 0.00% 1.00% 27.20%
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

JOEAX 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

JOEAX 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.

JOEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.60% 0.00% 189.00% 46.94%

JOEAX - Distributions

Dividend Yield Analysis

JOEAX Category Low Category High JOEAX % Rank
Dividend Yield 2.36% 0.00% 9.74% 62.62%

Dividend Distribution Analysis

JOEAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

JOEAX Category Low Category High JOEAX % Rank
Net Income Ratio 1.47% -1.98% 17.62% 30.18%

Capital Gain Distribution Analysis

JOEAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

View More +

JOEAX - Fund Manager Analysis

Managers

Paul Wimborne

Start Date

Tenure

Tenure Rank

Nov 20, 2012

9.53

9.5%

Paul Wimborne is Senior Fund Manager for the JOHCM Global Emerging Markets Opportunities Strategy. Prior to joining JOHCM, Paul spent over four years at Baring Asset Management (Baring) as an Investment Manager in the Global Emerging Markets team led by James Syme. At Baring, Paul was Lead or Deputy Manager for 14 emerging markets mandates with a peak AUM of over $4bn. He previously worked at Insight Investment for three years as a Fund Manager in the Emerging Markets & Asia team and for five years in the Emerging Markets team at Rothschild Asset Management. Paul holds a BSc (Hons) in Management and Chemical Sciences from UMIST and is an affiliate member of the CFA.

James Syme

Start Date

Tenure

Tenure Rank

Nov 20, 2012

9.53

9.5%

James Syme is Senior Fund Manager for the JOHCM Global Emerging Markets Opportunities Strategy. Prior to joining JOHCM, James spent five years at Baring Asset Management (Baring) as the Head of Global Emerging Market Equities. At Baring, he and his colleague Paul Wimborne managed the Baring Global Emerging Markets Fund and 13 other funds and separate mandates. During this time, peak AUM for their mandates was over $4bn. James previously worked at SG Asset Management for seven years as a Portfolio Manager and as Head of Global Emerging Markets. Prior to 1997, James was a Portfolio Manager at Henderson Investors and an Analyst at H Clarkson. James is a CFA Charterholder and holds a BA (Hons) in Geography from the University of Cambridge.

Ada Chan

Start Date

Tenure

Tenure Rank

Mar 11, 2022

0.22

0.2%

Ada Chan joined JOHCM in April 2011. Since May 2016, she has worked on the J O Hambro Global Emerging Markets Opportunities team. Prior to joining JOHCM, Ada spent three years at GMO LLC as an Investment Analyst. She previously worked at Baring Asset Management as an Equity Research Analyst. Prior to 2000, she worked as an International Management Trainee and Equity Research Intern at State Street Corporation and Salomon Smith Barney, respectively. Ada holds an MSc in Computer Information Systems and BA in Business Administration, both from Boston University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.79 13.42

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