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Special Situations FundLIONTRUST SPECIAL SITUATIONS FUND

A concentrated UK equity unit trust managed for long-term capital growth in excess of that from the FTSE All-Share Index.

Liontrust Special Situations Fund is managed by Anthony Cross & Julian Fosh in accordance with their investment process, The Liontrust Economic Advantage. It invests in a portfolio of stocks from the throughout the FTSE All-Share and smaller company indices. Companies must seek to exploit their Intellectual Capital to sustain their competitive edge.


A higher risk portfolio:

  • Concentrated portfolio biased towards smaller companies
  • No limits on industry sector exposure

 

The Funds are valued daily at 12 noon on a forward basis; purchases and sales of units are effected at the next valuation point following receipt of instructions. The prices shown below are as at the most recent valuation point and are therefore not a precise indication of what you may receive if you were to undertake a transaction now. The offer price is the price at which you would have bought units and the bid price is the price at which you would have sold them.

* Please refer to the Liontrust Umbrella Fund plc Prospectus for details of valuation points for the Dublin OEICs. The price shown is the NAV per share.  

Fund NameDate of PriceCancellation PriceCreation PriceBid PriceOffer PriceYield (%)Fund Size
Asia Fund GBP * 16-Mayn/an/a11.3911.96n/a£11m
Asia Fund USD * 16-Mayn/an/a10.2310.74n/a
Asia Fund EUR * 16-Mayn/an/a11.3611.93n/a
Asia Income(R) 1 18-May87.8489.0287.8493.470.00£3m
Asia Income (I) 1 18-May92.3693.6092.3693.600.00
Dynamic Income Fund (R) 18-May5.12045.16295.12045.42105.7900n/a
Emerging Markets Absolute Return Fund USD * 16-Mayn/an/a9.8510.35n/a£10m
Emerging Markets Absolute Return Fund EUR * 16-Mayn/an/a9.6010.08n/a
Emerging Markets Absolute Return Fund SEK * 16-Mayn/an/a71.0574.60n/a
Emerging Markets Absolute Return Fund NOK * 16-Mayn/an/a56.1258.93n/a
Emerging Markets Absolute Return Fund GBP * 16-Mayn/an/a9.509.97n/a
European Absolute Alpha Fund GBP 16-Mayn/an/a9.409.40n/a£6m
European Absolute Alpha Fund EUR 16-Mayn/an/a9.389.38n/a
European Absolute Alpha Fund CHF 16-Mayn/an/a9.379.37n/a
European Absolute Alpha Fund USD 16-Mayn/an/a9.399.39n/a
European Absolute Return Fund (R) 18-May93.9594.6593.9599.380.00£42m
European Absolute Return Fund (I) 18-May94.1094.8094.1094.800.00
European Growth Fund (R) 18-May100.85101.53100.85106.611.48£49m
European Growth Fund (I) 18-May101.27101.96101.27101.961.74
FTSE 100 Tracker 18-May158.95160.35158.95160.352.90£47m
First Equity Fund (R) 18-May8.50098.59988.50099.02971.4900n/a
Income Fund (R) 1 18-May116.92117.89116.92123.795.83£278m
Income Fund (I) 1 18-May118.64119.62118.64119.625.78
Pan European Fund USD * 16-Mayn/an/a11.2111.77n/a£11m
Pan European Fund EUR * 16-Mayn/an/a11.0211.57n/a
Pan European Fund GBP * 16-Mayn/an/a9.8410.33n/a
Special Situations Fund (R) 18-May198.35201.45198.35211.520.50£364m
Special Situations Fund (I) 18-May200.96204.10200.96204.100.50
UK Growth Fund (R)
18-May238.07240.84238.07252.881.51£163m
UK Growth Fund (I) 18-May240.63243.43240.63243.431.79
UK Smaller Companies Fund 18-May470.45489.91470.45514.410.30£94m

Notes:

 

The Fund Size is calculated on a bid basis.

 

The Historic Yield reflects distributions declared over the past 12 months as a percentage of the mid-market unit price.  It does not include any preliminary charge and investors may be subject to tax on their distributions.

 

R = Price for Retail units

I = Price for Institutional units

 

1A portion of the Income Fund's expenses are charged to capital.  This has the effect of increasing the distribution for the year by 1.5 percentage points and constraining the fund's capital performance to an equivalent extent. 

  

 
Benchmark Index FTSE All-Share Index
IMA Sector / Peer Group IMA UK All Companies
Manager Anthony Cross & Julian Fosh
Launch Date 10/11/2005
Managed by current Manager since Launch
Sedol Code  B0N6YF7
ISIN Number GB00B0N6YF70
Bloomberg Code LIONFIO LN
Interim Report Date 30 November
Annual Report Date 31 May
Ex-Dividend Date 1 June
Distribution Date 31 July
Minimum Investment - Unit Trust (Initial) £1,000
Minimum Investment - Unit Trust (Additional) £1,000
Minimum Investment - ISA (Initial) £1,000
Minimum Investment - ISA (Additional) £1,000
Initial Charge 5%
Annual Management Fee 1.75% 
Fund Type Unit Trust (UCITS)

 

Liontrust Fund Partners LLP, Liontrust Investment Partners LLP and Liontrust Asset Managers Ltd are authorised and regulated by the Financial Services Authority. Past Performance is not a guide to future performance. The price of units and the income from them can fall as well as rise, and are not guaranteed. Investors may not get back the amount originally invested. The Simplified Prospectus contains important information which should be read before investing in any Liontrust Fund. Liontrust's standard terms of business apply.
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