Liontrust European Dynamic Class I Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/06/20 to 30/06/21 |
30/06/21 to 30/06/22 |
30/06/22 to 30/06/23 |
30/06/23 to 30/06/24 |
30/06/24 to 30/06/25 |
|
|---|---|---|---|---|---|
| Fund | 43.8% | -5.9% | 24.8% | 13.9% | 9.4% |
| Sector | 23.7% | -12.6% | 18.4% | 11.7% | 9.1% |
| Rank | 3/120 | 13/124 | 20/127 | 33/128 | 62/128 |
| Quartile | 1 | 1 | 1 | 2 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/06/25 |
5 Years to 30/06/25 |
10 Years to 30/06/25 |
||
| Fund | 15.9% | 16.1% | 13.1% | |
| Sector | 13.0% | 9.3% | 8.5% | |
| Rank | 30/127 | 3/120 | 2/96 | |
| Quartile | 1 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| UNICREDIT SOCIETA' PER AZIONI | 4.98 |
| DEUTSCHE BANK AKTIENGESELLSCHAFT | 3.95 |
| PANDORA A/S | 3.95 |
| COMPAGNIE DE SAINT-GOBAIN | 3.90 |
| PUBLICIS GROUPE SA | 3.63 |
| BANCO SANTANDER S.A. | 3.60 |
| RYANAIR HOLDINGS PUBLIC LIMITED COMPANY | 3.47 |
| CAIXABANK SA | 3.46 |
| AIB GROUP | 3.28 |
| KONINKLIJKE AHOLD DELHAIZE N.V. | 3.23 |
| Total | 37.44 |
Fund Aims
The Fund aims to deliver capital growth over the long-term (5 years or more).
Fund Manager
Samantha Gleave joined Liontrust in 2012 as a fund manager to work with James in managing the Cashflow Solution investment process. She began her career at Sutherlands Ltd as a Consumer Analyst before moving on to Fleming Investment Management as senior Investment Analyst covering Pan Europe where she worked with James Inglis-Jones. Samantha moved to Credit Suisse First Boston (Europe) Ltd in 2000 and was in a No 1 ranked equity research sector team (Extel & Institutional Investor Surveys). In 2005, she moved to Bank of America Merrill Lynch and became a Senior Equity Analyst and Director and won awards for Top Stock Pick and Earnings Estimates. Samantha graduated from Aberdeen University in 1995 with an MA Honours degree in Economics & Management.
James Inglis-Jones joined Liontrust in March 2006 to develop the Cashflow Solution investment process. James began his career at Fleming Investment Management in 1997, assuming responsibility for the management of UK equity portfolios in 1999. Between 1999 and 2002, he worked on JP Morgan Fleming’s institutional investment process and managed a wide range of retail and institutional funds as a senior portfolio manager within their European equity group. In 2003, he joined Polar Capital to manage a European market neutral fund. James graduated in 1990 with a First Class Honours Degree in Modern History from York University. He went on to gain a D.Phil in Modern History from Christ Church, Oxford.
Fund Overview
| Mid (30/06/2025) | 397.75p |
| Historic yield | 1.73% |
| Fund size (31/05/2025) | £1967.78m |
| Number of holdings | 36 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.85% |
| Launch date | 01/11/2010 |
Asset Allocation
| International Equities | 97.09% | |
| Cash and Equivalents | 2.91% |
Important Information
Source of portfolio data: Broadridge. 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 investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Asset Allocation
| International Equities | 97.09% | |
| Cash and Equivalents | 2.91% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Consumer Discretionary | 28.43% | - | - | - | |
| Travel & Leisure | - | 9.02% | - | - | |
| Travel & Leisure | - | - | 9.02% | - | |
| Airlines | - | - | - | 3.47% | |
| Travel & Tourism | - | - | - | 3.12% | |
| Casinos & Gambling | - | - | - | 2.43% | |
| Consumer Products & Services | - | 6.63% | - | - | |
| Personal Goods | - | - | 6.63% | - | |
| Luxury Items | - | - | - | 3.95% | |
| Clothing & Accessories | - | - | - | 2.68% | |
| Media | - | 6.15% | - | - | |
| Media | - | - | 6.15% | - | |
| Media Agencies | - | - | - | 3.63% | |
| Radio & TV Broadcasters | - | - | - | 2.52% | |
| Automobiles & Parts | - | 4.05% | - | - | |
| Automobiles & Parts | - | - | 4.05% | - | |
| Tires | - | - | - | 2.34% | |
| Automobiles | - | - | - | 1.71% | |
| Retail | - | 2.59% | - | - | |
| Retailers | - | - | 2.59% | - | |
| Apparel Retailers | - | - | - | 2.59% | |
| Industrials | 24.70% | - | - | - | |
| Industrial Goods & Services | - | 14.52% | - | - | |
| Industrial Transportation | - | - | 7.14% | - | |
| Delivery Services | - | - | - | 2.45% | |
| Marine Transportation | - | - | - | 2.44% | |
| Commercial Vehicles & Parts | - | - | - | 2.25% | |
| Industrial Engineering | - | - | 5.37% | - | |
| Machinery: Engines | - | - | - | 2.85% | |
| Machinery: Industrial | - | - | - | 2.52% | |
| General Industrials | - | - | 2.01% | - | |
| Diversified Industrials | - | - | - | 2.01% | |
| Construction & Materials | - | 10.18% | - | - | |
| Construction & Materials | - | - | 10.18% | - | |
| Building Materials: Other | - | - | - | 3.90% | |
| Construction | - | - | - | 3.22% | |
| Building: Climate Control | - | - | - | 3.06% | |
| Financials | 23.76% | - | - | - | |
| Banks | - | 19.27% | - | - | |
| Banks | - | - | 19.27% | - | |
| Banks | - | - | - | 19.27% | |
| Financial Services | - | 4.49% | - | - | |
| Investment Banking & Brokerage Services | - | - | 4.49% | - | |
| Asset Managers & Custodians | - | - | - | 4.49% | |
| Basic Materials | 4.31% | - | - | - | |
| Basic Resources | - | 4.31% | - | - | |
| Industrial Metals & Mining | - | - | 4.31% | - | |
| Iron & Steel | - | - | - | 4.31% | |
| Energy | 3.57% | - | - | - | |
| Energy | - | 3.57% | - | - | |
| Non-Renewable Energy | - | - | 3.57% | - | |
| Integrated Oil & Gas | - | - | - | 3.57% | |
| Consumer Staples | 3.23% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 3.23% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 3.23% | - | |
| Food Retailers & Wholesalers | - | - | - | 3.23% | |
| Technology | 3.12% | - | - | - | |
| Technology | - | 3.12% | - | - | |
| Software & Computer Services | - | - | 3.12% | - | |
| Computer Services | - | - | - | 3.12% | |
| Telecommunications | 3.08% | - | - | - | |
| Telecommunications | - | 3.08% | - | - | |
| Telecommunications Equipment | - | - | 3.08% | - | |
| Telecommunications Equipment | - | - | - | 3.08% | |
| Cash and Equivalents | 2.91% | - | - | - | |
| Health Care | 2.89% | - | - | - | |
| Health Care | - | 2.89% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 2.89% | - | |
| Pharmaceuticals | - | - | - | 2.89% | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| Developed Europe - Excl UK | 89.05% | |
| North America | 3.12% | |
| Cash and Equivalents | 2.91% | |
| Non-Classified | 2.48% | |
| Emerging Europe | 2.43% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 89.05% | - | |
France
|
- | 18.55% | |
Spain
|
- | 12.77% | |
Switzerland
|
- | 10.43% | |
Ireland
|
- | 6.74% | |
Germany
|
- | 6.41% | |
Denmark
|
- | 6.39% | |
Sweden
|
- | 5.60% | |
Finland
|
- | 5.11% | |
Italy
|
- | 4.98% | |
Norway
|
- | 4.50% | |
Netherlands
|
- | 3.23% | |
Luxembourg
|
- | 2.52% | |
Belgium
|
- | 1.82% | |
| North America | 3.12% | - | |
United States
|
- | 3.12% | |
| Cash and Equivalents | 2.91% | - | |
| Non-Classified | 2.48% | - | |
| Emerging Europe | 2.43% | - | |
Greece
|
- | 2.43% | |
Breakdown By Market Cap (%)
| Mega |
|
50.47% |
| Large |
|
30.18% |
| Medium |
|
9.57% |
| Non-Classified |
|
6.87% |
| Cash |
|
2.91% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | UNICREDIT SOCIETA' PER AZIONI | 4.98% | Banks | Italy |
| 2 | DEUTSCHE BANK AKTIENGESELLSCHAFT | 3.95% | Banks | Germany |
| 3 | PANDORA A/S | 3.95% | Personal Goods | Denmark |
| 4 | COMPAGNIE DE SAINT-GOBAIN | 3.90% | Construction & Materials | France |
| 5 | PUBLICIS GROUPE SA | 3.63% | Media | France |
| 6 | BANCO SANTANDER S.A. | 3.60% | Banks | Spain |
| 7 | RYANAIR HOLDINGS PUBLIC LIMITED COMPANY | 3.47% | Travel & Leisure | Ireland |
| 8 | CAIXABANK SA | 3.46% | Banks | Spain |
| 9 | AIB GROUP | 3.28% | Banks | Ireland |
| 10 | KONINKLIJKE AHOLD DELHAIZE N.V. | 3.23% | Personal Care, Drug & Grocery Stores | Netherlands |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 3.12% | - | - | - | - | - | - | 3.12% |
| Telecommunications | - | 3.08% | - | - | - | - | - | - | 3.08% |
| Financials | - | 23.76% | - | - | - | - | - | - | 23.76% |
| Consumer Discretionary | - | 28.43% | - | - | - | - | - | - | 28.43% |
| Consumer Staples | - | 3.23% | - | - | - | - | - | - | 3.23% |
| Energy | - | 3.57% | - | - | - | - | - | - | 3.57% |
| Health Care | - | 2.89% | - | - | - | - | - | - | 2.89% |
| Industrials | - | 24.70% | - | - | - | - | - | - | 24.70% |
| Basic Materials | - | 4.31% | - | - | - | - | - | - | 4.31% |
| Cash and Equivalents | - | - | - | - | - | - | - | 2.91% | 2.91% |
| Non-Classified | - | - | - | - | - | - | - | - | - |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 | B4ZM1M7 |
| Mex Code | Q5EURO |
| Isin Code | GB00B4ZM1M76 |
| Citi Code | LIM6 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.85% |
Aims and Benchmark
| Aims | The Fund aims to deliver capital growth over the long-term (5 years or more). |
| Benchmark | MSCI Europe ex UK |
| Benchmark Category | Comparator |
| IA Sector | Europe Excluding UK |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 May | 30 June |
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 | BNY Mellon Trust & Depositary (UK) Ltd |
| Fund Administrator | Bank of New York Mellon (International) Limited |
| Fund Registrar | Bank of New York Mellon SA/NV |
| Fund Custodian | 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 | £5000000 |
| Minimum Top Up | £100000 |
| 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.