Liontrust Sustainable Future UK Growth Class 2 Acc
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 | -9.2% | 42.6% | -8.0% | -12.7% | 9.5% |
| Sector | -19.2% | 38.0% | 5.4% | -1.9% | 7.6% |
| Rank | 18/213 | 66/219 | 218/223 | 211/229 | 59/231 |
| Quartile | 1 | 2 | 4 | 4 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -4.2% | 2.6% | 5.6% | |
| Sector | 3.6% | 4.4% | 4.8% | |
| Rank | 210/223 | 182/213 | 57/186 | |
| Quartile | 4 | 4 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| 3i Group Plc 3i Group Plc Ord GBP0.738636 | 4.30 |
| ROYAL BANK OF SCOTLAND GROUP | 4.22 |
| GSK | 3.64 |
| ASTRAZENECA | 3.55 |
| LONDON STOCK EXCHANGE GROUP | 3.53 |
| UNILEVER | 3.43 |
| ASHTEAD GROUP | 3.32 |
| CONVATEC GROUP | 3.17 |
| TRAINLINE | 3.17 |
| SOFTCAT | 2.88 |
| Total | 35.21 |
Fund Aims
The Fund aims to deliver capital growth over the long term (5 years or more).
Fund Manager
Martyn Jones is Lead Fund Manager of the Liontrust Sustainable Future European Growth Fund and Liontrust Sustainable Future Pan-European Growth Fund. He joined Liontrust in 2017 following the acquisition of Alliance Trust Investments and became a Portfolio Manager in November 2019. Prior to Liontrust, Martyn spent five years at Alliance Trust Investments initially as a Graduate Trainee, and then as an Analyst with the Sustainable Investment team.
Martyn has an MA (Hons) in Management from the University of Glasgow and a Masters in Sustainability Leadership at the University of Cambridge. Martyn has completed the IMC and 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 (19/04/2024) | 228.06p |
| Historic yield | 1.50% |
| Fund size (31/03/2024) | £630.98m |
| Number of holdings | 52 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.83% |
| Launch date | 19/02/2001 |
Asset Allocation
| UK Equities | 93.22% | |
| International Equities | 3.83% | |
| Investment Trusts | 2.20% | |
| Property | 0.97% | |
| Cash and Equivalents | -0.22% |
Commentary
UK equities ended 2012 on a positive note. The main contributor was bus and rail franchise operator National Express. Despite the difficult economic background, the company remains on course to meet its full year earnings target with the c2c franchise driving revenues in its rail division. Amongst financials, we hold provider Paragon which has a business model focused on lending for housing, an important social issue. The company is diversifying into property management and recently announced record annual profits combined with a 50 per cent increase in its dividend. In the retail sector, online fashion store Asos manages its supply chain well and reported that trading in its UK division was ahead of expectations last quarter. The main detractor was Packaging company DS Smith is a significant player in the recycling of paper and cardboard, reducing the need for new wood fibre. While the acquisition of SCA Packaging has strengthened its foothold in Europe, weaker trading conditions in the region have affected the share price. Data centre operator Telecity fell back on profit taking. However, growth in the digital economy is driving demand for data centres and Telecity has recently added capacity in the key London docklands market.
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
| UK Equities | 93.22% | |
| International Equities | 3.83% | |
| Investment Trusts | 2.20% | |
| Property | 0.97% | |
| Cash and Equivalents | -0.22% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 30.48% | - | - | - | |
| Industrial Goods & Services | - | 26.94% | - | - | |
| Industrial Support Services | - | - | 11.11% | - | |
| Professional Business Support Services | - | - | - | 6.05% | |
| Transaction Processing Services | - | - | - | 2.76% | |
| Industrial Suppliers | - | - | - | 2.30% | |
| Electronic & Electrical Equipment | - | - | 8.96% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 4.38% | |
| Electronic Equipment: Control & Filter | - | - | - | 3.50% | |
| Electrical Components | - | - | - | 1.09% | |
| Industrial Transportation | - | - | 3.32% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 3.32% | |
| Industrial Engineering | - | - | 1.92% | - | |
| Machinery: Industrial | - | - | - | 1.92% | |
| General Industrials | - | - | 1.63% | - | |
| Containers & Packaging | - | - | - | 1.63% | |
| Construction & Materials | - | 3.54% | - | - | |
| Construction & Materials | - | - | 3.54% | - | |
| Building Materials: Other | - | - | - | 2.20% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 1.34% | |
| Financials | 27.87% | - | - | - | |
| Financial Services | - | 18.03% | - | - | |
| Finance & Credit Services | - | - | 8.19% | - | |
| Financial Data & Systems | - | - | - | 3.53% | |
| Mortgage Finance | - | - | - | 2.33% | |
| Consumer Lending | - | - | - | 2.33% | |
| Investment Banking & Brokerage Services | - | - | 7.64% | - | |
| Asset Managers & Custodians | - | - | - | 6.28% | |
| Investment Services | - | - | - | 1.35% | |
| Equity Investment Instruments | - | - | 2.20% | - | |
| Equity Investment Instruments | - | - | - | 2.20% | |
| Insurance | - | 5.62% | - | - | |
| Non-life Insurance | - | - | 2.83% | - | |
| Property & Casualty Insurance | - | - | - | 2.83% | |
| Life Insurance | - | - | 2.79% | - | |
| Life Insurance | - | - | - | 2.79% | |
| Banks | - | 4.22% | - | - | |
| Banks | - | - | 4.22% | - | |
| Banks | - | - | - | 4.22% | |
| Health Care | 14.33% | - | - | - | |
| Health Care | - | 14.33% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 11.16% | - | |
| Pharmaceuticals | - | - | - | 9.65% | |
| Biotechnology | - | - | - | 1.51% | |
| Medical Equipment & Services | - | - | 3.17% | - | |
| Medical Supplies | - | - | - | 3.17% | |
| Consumer Discretionary | 8.74% | - | - | - | |
| Travel & Leisure | - | 5.55% | - | - | |
| Travel & Leisure | - | - | 5.55% | - | |
| Travel & Tourism | - | - | - | 4.15% | |
| Recreational Services | - | - | - | 1.41% | |
| Consumer Products & Services | - | 1.99% | - | - | |
| Consumer Services | - | - | 1.99% | - | |
| Vending & Catering Service | - | - | - | 1.99% | |
| Retail | - | 1.19% | - | - | |
| Retailers | - | - | 1.19% | - | |
| Home Improvement Retailers | - | - | - | 1.19% | |
| Technology | 8.38% | - | - | - | |
| Technology | - | 8.38% | - | - | |
| Software & Computer Services | - | - | 8.38% | - | |
| Software | - | - | - | 3.58% | |
| Computer Services | - | - | - | 2.88% | |
| Consumer Digital Services | - | - | - | 1.92% | |
| Telecommunications | 3.96% | - | - | - | |
| Telecommunications | - | 3.96% | - | - | |
| Telecommunications Service Providers | - | - | 3.96% | - | |
| Telecommunications Services | - | - | - | 3.96% | |
| Consumer Staples | 3.43% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 3.43% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 3.43% | - | |
| Personal Products | - | - | - | 3.43% | |
| Basic Materials | 1.80% | - | - | - | |
| Chemicals | - | 1.80% | - | - | |
| Chemicals | - | - | 1.80% | - | |
| Chemicals: Diversified | - | - | - | 1.80% | |
| Real Estate | 0.97% | - | - | - | |
| Real Estate | - | 0.97% | - | - | |
| Real Estate Investment Trusts | - | - | 0.97% | - | |
| Residential REITs | - | - | - | 0.97% | |
| Non-Classified | 0.26% | - | - | - | |
| Cash and Equivalents | -0.22% | - | - | - | |
Regional Allocation
| UK | 93.22% | |
| Developed Europe - Excl UK | 3.83% | |
| Non-Classified | 2.20% | |
| Property | 0.97% | |
| Cash and Equivalents | -0.22% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 93.22% | - | |
United Kingdom
|
- | 93.22% | |
| Developed Europe - Excl UK | 3.83% | - | |
Ireland
|
- | 3.83% | |
| Non-Classified | 2.20% | - | |
| Property | 0.97% | - | |
| Cash and Equivalents | -0.22% | - | |
Breakdown By Market Cap (%)
| Mega |
|
30.34% |
| Large |
|
22.46% |
| Medium |
|
28.64% |
| Small |
|
11.95% |
| Micro |
|
1.84% |
| Non-Classified |
|
4.99% |
| Cash |
|
-0.22% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | 3i Group Plc 3i Group Plc Ord GBP0.738636 | 4.30% | Investment Banking & Brokerage Services | United Kingdom |
| 2 | ROYAL BANK OF SCOTLAND GROUP | 4.22% | Banks | United Kingdom |
| 3 | GSK | 3.64% | Pharmaceuticals & Biotechnology | United Kingdom |
| 4 | ASTRAZENECA | 3.55% | Pharmaceuticals & Biotechnology | United Kingdom |
| 5 | LONDON STOCK EXCHANGE GROUP | 3.53% | Finance & Credit Services | United Kingdom |
| 6 | UNILEVER | 3.43% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 7 | ASHTEAD GROUP | 3.32% | Industrial Transportation | United Kingdom |
| 8 | CONVATEC GROUP | 3.17% | Medical Equipment & Services | United Kingdom |
| 9 | TRAINLINE | 3.17% | Travel & Leisure | United Kingdom |
| 10 | SOFTCAT | 2.88% | Software & Computer Services | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 8.38% | - | - | - | - | - | - | - | 8.38% |
| Telecommunications | 3.96% | - | - | - | - | - | - | - | 3.96% |
| Financials | 25.67% | - | - | - | - | - | 2.20% | - | 27.87% |
| Real Estate | - | - | - | - | - | 0.97% | - | - | 0.97% |
| Consumer Discretionary | 8.74% | - | - | - | - | - | - | - | 8.74% |
| Consumer Staples | 3.43% | - | - | - | - | - | - | - | 3.43% |
| Health Care | 14.33% | - | - | - | - | - | - | - | 14.33% |
| Industrials | 26.65% | 3.83% | - | - | - | - | - | - | 30.48% |
| Basic Materials | 1.80% | - | - | - | - | - | - | - | 1.80% |
| Cash and Equivalents | - | - | - | - | - | - | - | -0.22% | -0.22% |
| Non-Classified | 0.26% | - | - | - | - | - | - | - | 0.26% |
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 | 3002876 |
| Mex Code | NUSUG2 |
| Isin Code | GB0030028764 |
| Citi Code | GN26 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.83% |
Aims and Benchmark
| Aims | The Fund aims to deliver capital growth over the long term (5 years or more). |
| Benchmark | MSCI UK (£) |
| Benchmark Category | Comparator |
| IA Sector | UK All Companies |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £0.50 |
| 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% |
|---|---|
| 4.00% | 5.00% |
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 | £25000 |
| 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 | -8.44 |
| Beta | 1.33 |
| Sharpe | -0.01 |
| Standard Deviation | 17.48 |
| Info Ratio | -1.00 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| 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 | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | Yes |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
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.
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.
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.