Liontrust Sustainable Future Cautious Managed Class 2 Net Inc
Report And Accounts
Simplified Prospectus / KIID
Private Investor Factsheet
Professional Investor Factsheet
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -0.7% | 25.0% | 0.6% | -9.4% | 10.3% |
| Sector | -8.0% | 26.4% | 5.2% | -4.5% | 10.2% |
| Rank | 13/169 | 109/181 | 187/196 | 193/206 | 112/212 |
| Quartile | 1 | 3 | 4 | 4 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 0.2% | 4.5% | n/a | |
| Sector | 3.4% | 5.2% | 5.5% | |
| Rank | 180/196 | 115/169 | n/a | |
| Quartile | 4 | 3 | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| ⅞% Green Gilt 2033 | 13.56 |
| 1½% Green Gilt 2053 | 3.26 |
| CADENCE DESIGN SYSTEMS | 1.51 |
| VISA | 1.40 |
| RINGKJOEBING LANDBOBANK | 1.38 |
| IQVIA HOLDINGS | 1.18 |
| 3i Group Plc 3i Group Plc Ord GBP0.738636 | 1.17 |
| THERMO FISHER SCIENTIFIC | 1.17 |
| NatWest Group Plc | 1.12 |
| ASTRAZENECA | 1.08 |
| Total | 26.84 |
Fund Aims
The Fund aims to deliver capital growth over the long term (5 years or more).
Fund Manager
Simon Clements joined Liontrust in 2017 following the acquisition of Alliance Trust Investments, where he worked for 5 years. Prior to this, Simon spent 12 years at Aviva Investors (previously Morley Fund Management) where, most recently, he was Head of Global Equities. In his early career, Simon worked as a Portfolio Accountant and Risk and Performance Analyst before joining Aviva Investors in 2000 to help develop its global equity and SRI propositions.
Simon is the lead manager of the Liontrust SF Global Growth Fund, GF SF Global Growth and SF Managed Growth Fund, and co-fund manager on the SF Managed, SF Cautious Managed and SF Defensive Managed funds. Simon holds a Bachelor of Economics from the University of Newcastle, Australia and a graduate diploma in Applied Finance & Investment from Securities Institute of Australia. Simon is a CFA Charterholder.
Peter Michaelis joined Liontrust in April 2017 following the acquisition of Alliance Trust Investments, where he was Head of Investment. Peter has been managing money in Sustainable and Responsible Investment for over 20 years. After completing a PhD in Environmental Economics, Peter started his career working for the Steel Construction Institute as an Environmental Engineer. He then moved to Henderson Global Investors where he was able to use his experience as a Sustainable and Responsible Investment Analyst and Assistant Portfolio Manager. In 2001 he moved to Aviva Investors, where he was promoted to lead Portfolio Manager on a number of its Sustainable and Responsible Investment funds, before being made Head of Sustainable and Responsible Investment.
Peter holds an MA in Physics from Oxford University, an MSc in Energy and Environmental Engineering from the University of Sussex and a PhD in Environmental Economics from the University of Surrey. In addition, he has the CFA Society of the UK Investment Management Certificate (IMC).
Fund Overview
| Mid (18/04/2024) | 146.83p |
| Historic yield | 2.06% |
| Fund size (31/03/2024) | £872.23m |
| Number of holdings | 282 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.86% |
| Launch date | 23/07/2014 |
Asset Allocation
| International Equities | 35.58% | |
| UK Equities | 19.80% | |
| UK Gilts | 16.82% | |
| UK Corporate Bonds | 10.68% | |
| International Bonds | 7.05% | |
| Investment Trusts | 2.56% | |
| Cash and Equivalents | 2.28% | |
| Property | 1.10% | |
| Alternative Trading Strategies | 0.40% | |
| Other Assets | 3.73% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 35.58% | |
| UK Equities | 19.80% | |
| UK Gilts | 16.82% | |
| UK Corporate Bonds | 10.68% | |
| International Bonds | 7.05% | |
| Investment Trusts | 2.56% | |
| Cash and Equivalents | 2.28% | |
| Property | 1.10% | |
| Alternative Trading Strategies | 0.40% | |
| Other Assets | 3.73% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 34.54% | - | - | - | |
| Industrials | 14.81% | - | - | - | |
| Industrial Goods & Services | - | 12.30% | - | - | |
| Industrial Support Services | - | - | 6.00% | - | |
| Transaction Processing Services | - | - | - | 3.25% | |
| Professional Business Support Services | - | - | - | 2.26% | |
| Industrial Suppliers | - | - | - | 0.49% | |
| Electronic & Electrical Equipment | - | - | 3.66% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 1.53% | |
| Electronic Equipment: Pollution Control | - | - | - | 1.00% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.71% | |
| Electrical Components | - | - | - | 0.42% | |
| General Industrials | - | - | 1.36% | - | |
| Diversified Industrials | - | - | - | 0.77% | |
| Containers & Packaging | - | - | - | 0.59% | |
| Industrial Transportation | - | - | 0.72% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.72% | |
| Industrial Engineering | - | - | 0.56% | - | |
| Machinery: Industrial | - | - | - | 0.56% | |
| Construction & Materials | - | 2.50% | - | - | |
| Construction & Materials | - | - | 2.50% | - | |
| Building Materials: Other | - | - | - | 1.95% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.54% | |
| Building: Climate Control | - | - | - | 0.02% | |
| Financials | 13.47% | - | - | - | |
| Financial Services | - | 8.36% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.43% | - | |
| Investment Services | - | - | - | 1.92% | |
| Asset Managers & Custodians | - | - | - | 1.52% | |
| Equity Investment Instruments | - | - | 2.56% | - | |
| Equity Investment Instruments | - | - | - | 2.56% | |
| Finance & Credit Services | - | - | 2.37% | - | |
| Financial Data & Systems | - | - | - | 1.48% | |
| Consumer Lending | - | - | - | 0.89% | |
| Banks | - | 2.96% | - | - | |
| Banks | - | - | 2.96% | - | |
| Banks | - | - | - | 2.96% | |
| Insurance | - | 2.14% | - | - | |
| Non-life Insurance | - | - | 1.26% | - | |
| Property & Casualty Insurance | - | - | - | 1.26% | |
| Life Insurance | - | - | 0.87% | - | |
| Life Insurance | - | - | - | 0.87% | |
| Health Care | 10.95% | - | - | - | |
| Health Care | - | 10.95% | - | - | |
| Medical Equipment & Services | - | - | 5.92% | - | |
| Medical Equipment | - | - | - | 3.64% | |
| Medical Supplies | - | - | - | 2.28% | |
| Pharmaceuticals & Biotechnology | - | - | 3.85% | - | |
| Pharmaceuticals | - | - | - | 3.30% | |
| Biotechnology | - | - | - | 0.55% | |
| Health Care Providers | - | - | 1.18% | - | |
| Health Care Services | - | - | - | 1.18% | |
| Technology | 10.62% | - | - | - | |
| Technology | - | 10.62% | - | - | |
| Software & Computer Services | - | - | 9.07% | - | |
| Software | - | - | - | 6.07% | |
| Computer Services | - | - | - | 1.92% | |
| Consumer Digital Services | - | - | - | 1.08% | |
| Technology Hardware & Equipment | - | - | 1.56% | - | |
| Production Technology Equipment | - | - | - | 1.01% | |
| Semiconductors | - | - | - | 0.54% | |
| Consumer Discretionary | 4.06% | - | - | - | |
| Consumer Products & Services | - | 2.16% | - | - | |
| Consumer Services | - | - | 1.40% | - | |
| Vending & Catering Service | - | - | - | 0.72% | |
| Education Services | - | - | - | 0.68% | |
| Household Goods & Home Construction | - | - | 0.75% | - | |
| Home Construction | - | - | - | 0.75% | |
| Travel & Leisure | - | 0.94% | - | - | |
| Travel & Leisure | - | - | 0.94% | - | |
| Travel & Tourism | - | - | - | 0.85% | |
| Recreational Services | - | - | - | 0.09% | |
| Media | - | 0.81% | - | - | |
| Media | - | - | 0.81% | - | |
| Radio & TV Broadcasters | - | - | - | 0.81% | |
| Retail | - | 0.16% | - | - | |
| Retailers | - | - | 0.16% | - | |
| Home Improvement Retailers | - | - | - | 0.15% | |
| Specialty Retailers | - | - | - | 0.01% | |
| Non-Classified | 3.83% | - | - | - | |
| Non-Classified | - | 0.28% | - | - | |
| Non-Classified | - | - | 0.28% | - | |
| Non-Classified | - | - | - | 0.28% | |
| Cash and Equivalents | 2.28% | - | - | - | |
| Real Estate | 1.89% | - | - | - | |
| Real Estate | - | 1.89% | - | - | |
| Real Estate Investment Trusts | - | - | 1.89% | - | |
| Infrastructure REITs | - | - | - | 0.79% | |
| Other Specialty REITs | - | - | - | 0.59% | |
| Residential REITs | - | - | - | 0.51% | |
| Basic Materials | 1.51% | - | - | - | |
| Chemicals | - | 1.51% | - | - | |
| Chemicals | - | - | 1.51% | - | |
| Chemicals: Diversified | - | - | - | 1.51% | |
| Consumer Staples | 1.00% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 1.00% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.00% | - | |
| Personal Products | - | - | - | 1.00% | |
| Alternative Trading Strategies | 0.40% | - | - | - | |
| Alternative Trading Strategies | - | 0.40% | - | - | |
| Alternative Trading Strategies | - | - | 0.40% | - | |
| Alternative Trading Strategies | - | - | - | 0.40% | |
| Energy | 0.36% | - | - | - | |
| Energy | - | 0.36% | - | - | |
| Renewable Energy | - | - | 0.36% | - | |
| Renewable Energy Equipment | - | - | - | 0.36% | |
| Telecommunications | 0.27% | - | - | - | |
| Telecommunications | - | 0.27% | - | - | |
| Telecommunications Service Providers | - | - | 0.27% | - | |
| Telecommunications Services | - | - | - | 0.27% | |
Regional Allocation
| UK | 47.30% | |
| North America | 26.90% | |
| Developed Europe - Excl UK | 13.40% | |
| Non-Classified | 8.26% | |
| Cash and Equivalents | 2.28% | |
| Japan | 1.36% | |
| Property | 0.51% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 64.55% | |
| Pound Sterling | 32.29% | |
| Euro | 1.24% | |
| US Dollar | 1.02% | |
| Cash | 0.91% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 47.30% | - | |
United Kingdom
|
- | 47.30% | |
| North America | 26.90% | - | |
United States
|
- | 26.90% | |
| Developed Europe - Excl UK | 13.40% | - | |
Netherlands
|
- | 2.95% | |
Denmark
|
- | 2.35% | |
Luxembourg
|
- | 1.37% | |
Switzerland
|
- | 1.35% | |
Germany
|
- | 1.32% | |
Ireland
|
- | 1.29% | |
France
|
- | 0.97% | |
Spain
|
- | 0.83% | |
Sweden
|
- | 0.60% | |
Italy
|
- | 0.38% | |
| Non-Classified | 8.26% | - | |
| Cash and Equivalents | 2.28% | - | |
| Japan | 1.36% | - | |
Japan
|
- | 1.36% | |
| Property | 0.51% | - | |
Breakdown By Market Cap (%)
| Mega |
|
25.04% |
| Large |
|
13.44% |
| Medium |
|
13.14% |
| Small |
|
1.54% |
| Micro |
|
1.32% |
| Non-Classified |
|
8.70% |
| Bonds |
|
34.54% |
| Cash |
|
2.28% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
1.77% |
| 5Yr - 10Yr Maturity |
|
21.88% |
| 10Yr - 15Yr Maturity |
|
3.20% |
| > 15Yr Maturity |
|
7.69% |
| Cash And Equivalents |
|
2.28% |
| Unknown Maturity |
|
3.75% |
| Other Asset Types |
|
59.43% |
Fixed Interest Quality Profile
| AA |
|
17.19% |
| A |
|
3.49% |
| BBB |
|
8.72% |
| Sub-Investment Grade |
|
0.46% |
| Unknown Quality |
|
4.69% |
| Cash and Equivalents |
|
2.28% |
| Other Asset Types |
|
63.17% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | ⅞% Green Gilt 2033 | 13.56% | Bonds | United Kingdom |
| 2 | 1½% Green Gilt 2053 | 3.26% | Bonds | United Kingdom |
| 3 | CADENCE DESIGN SYSTEMS | 1.51% | Software & Computer Services | United States |
| 4 | VISA | 1.40% | Industrial Support Services | United States |
| 5 | RINGKJOEBING LANDBOBANK | 1.38% | Banks | Denmark |
| 6 | IQVIA HOLDINGS | 1.18% | Health Care Providers | United States |
| 7 | 3i Group Plc 3i Group Plc Ord GBP0.738636 | 1.17% | Investment Banking & Brokerage Services | United Kingdom |
| 8 | THERMO FISHER SCIENTIFIC | 1.17% | Medical Equipment & Services | United States |
| 9 | NatWest Group Plc | 1.12% | Non-Classified | Non-Classified |
| 10 | ASTRAZENECA | 1.08% | Pharmaceuticals & Biotechnology | United Kingdom |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BMN9030 |
| Mex Code | ATAAAF |
| Isin Code | GB00BMN90304 |
| Citi Code | KGDU |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.86% |
Aims and Benchmark
| Aims | The Fund aims to deliver capital growth over the long term (5 years or more). |
| Benchmark | IA Mixed Investment (40-85% shares) |
| Benchmark Category | Comparator |
| IA Sector | Mixed Investment 40-85% Shares |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 February | 31 March |
| 01 August | 30 September |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The Bank of New York Mellon (International) Limited |
| Fund Administrator | The Bank of New York Mellon (International) Limited |
| Fund Registrar | The Bank of New York Mellon SA/NV |
| Fund Custodian | The Bank of New York Mellon (International) Limited |
Group Details
| Group name | Liontrust Fund Partners LLP |
| Group address | 2 Savoy Court London WC2R 0EZ |
| Group telephone | 020 7412 1766 |
| Dealing telephone | 020 7964 4774 |
| info@liontrust.co.uk | |
| Homepage | www.liontrust.co.uk |
| Fax number | 020 7412 1779 |
Dealing
| Minimum Investment | £500000 |
| Minimum Top Up | £250 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -4.52 |
| Beta | 1.32 |
| Sharpe | 0.00 |
| Standard Deviation | 11.52 |
| Info Ratio | -0.77 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | Yes |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Ethical Restrictions
The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.