Liontrust GF Special Situations Fund | What we offer | Liontrust Asset Management PLC
Liontrust - Economic Advantage

GF Special Situations Fund

Anthony Cross & Julian Fosh

The Fund

The Fund was launched in November 2012 and is the Irish-domiciled version of the multi-award-winning Liontrust Special Situations Fund, which has been managed since launch in November 2005 by Anthony Cross and, from 2008, Julian Fosh. The Fund can invest in any companies in the FTSE All-Share Index regardless of their size or sector, enabling the managers to find the best opportunities wherever they are across the UK stock market. The fund managers use the Economic Advantage investment process to identify companies with a durable competitive advantage that allows the companies to defy industry competition and sustain a higher than average level of profitability for longer than expected.

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The Economic Advantage team

Anthony Cross and Julian Fosh
Anthony Cross & Julian Fosh

Anthony Cross and Julian Fosh have won multiple awards and have 55 years of combined investment experience. Anthony, who was previously at Schroders, has managed the Liontrust Special Situations and UK Smaller Companies Funds since launch and he started working with Julian at Liontrust in 2008. Julian has previously managed money at Scottish Amicable Investment Managers, Britannic Investment Managers, Scottish Friendly Assurance Society and Saracen Fund Managers.

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The Economic Advantage Process

The process seeks to identify companies that possess intangible assets which produce barriers to competition and provide a durable competitive advantage that allows the companies to defy industry competition and sustain a higher than average level of profitability for longer than expected. In the fund managers’ experience, the hardest characteristics for competitors to replicate are three classes of intangible asset: intellectual property, strong distribution channels and significant recurring business.

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Tapping into the Digital Economy

Victoria Stevens

It’s hard to attach a value to ‘digital economy’ benefits for any given company, but... Read more

Awards and ratings

FE Alpha Manager 2017 - Anthony Cross
Anthony Cross
FE Alpha Manager 2017
FE Alpha Manager 2017 - Julian Fosh
Julian Fosh
FE Alpha Manager 2017
FE Alpha Manager 2015 - Best in UK Equity - Anthony Cross
Anthony Cross & Julian Fosh
FE Alpha Manager 2015 - Best in UK Equity
Morningstar rated 4 star
Liontrust GF Special Situations Fund
Morningstar Rating: 4

Latest fund update

GF Special Situations Fund

Read the latest update for the Liontrust GF Special Situations Fund. Read more

FE Crown Rated - 4
Liontrust GF Special Situations Fund
FE Crown Rating: 4
Citywire rated AAA
Anthony Cross & Julian Fosh
Citywire Manager rating: AAA
Investors Chronicle - Top 100 Funds 2015 - Liontrust Special Situations
Liontrust GF Special Situations Fund
Investors Chronicle Top 100 2015

Performance

Discrete performance

31-03-2016 -
31-03-2017
31-03-2015 -
31-03-2016
31-03-2014 -
31-03-2015
31-03-2013 -
31-03-2014
31-03-2012 -
31-03-2013
Liontrust GF Special Situations 21.49% 3.23% 6.13% 9.11% N/A
Equity - UK 15.85% -3.19% 7.34% 12.20% N/A
FTSE All Share 21.95% -3.92% 6.58% 8.81% N/A
Liontrust GF Special Situations
Equity - UK
FTSE All Share
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust GF Special Situations 14.23% 23.27% 38.20% N/A N/A 64.74%
Equity - UK 13.04% 18.98% 24.71% N/A N/A 59.61%
FTSE All Share 13.15% 24.40% 26.68% N/A N/A 60.81%
To previous working day
Liontrust GF Special Situations
Equity - UK
FTSE All Share

Risk warning

• Past performance is not a guide to future performance. • Do remember that the value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.  • Some of the Funds managed by the Economic Advantage Team invest in smaller companies and companies traded on the Alternative Investment Market.  These stocks may be less liquid and the price swings greater than those in, for example, larger companies.


• The information and opinions provided should not be construed as advice for investment in any product or security mentioned.  • Always research your own investments and consult with a regulated investment adviser before investing.


Source: Financial Express. Total return. The GF Special Situations Fund C1 was launched on 08.11.12 and therefore discrete data is not available for more than three 12 month periods. Citywire information is proprietary and confidential to Citywire Financial Publishers Ltd ('Citywire'), may not be copied and Citywire excludes any liability arising out of its use. Returns are in local currency. 


© 2017 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.  Past performance is no guarantee of future results.

Explore in detail

For more information (including prices) and to explore all of the Fund's share classes in more detail please visit our interactive fund centre.

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Key fund information

  • Launch date08/11/2012
  • IA sectorEquity - UK
  • BenchmarkFTSE All Share
  • Fund size£43,864,154.13
  • Number of holdings50
  • Active Share74.49%
Fund size, number of holdings and active share data is as at previous month end. Performance data is as at previous working day.

Active Share: The percentage of a portfolio invested differently to its benchmark. A 100% active share is a portfolio with no weightings in the benchmark, a 0% active share is a portfolio identical to the benchmark.

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