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

Special Situations Fund

Anthony Cross & Julian Fosh

The Fund

The multi-award-winning Fund has been managed since launch in November 2005 by Anthony Cross, who was joined by his co-manager Julian Fosh in 2008. 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.

Download literature

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.

Read more

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.

Read more

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
Morningstar rated 5 star
Liontrust Special Situations Fund
Morningstar Rating: 5
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
FE Crown Rated - 5
Liontrust Special Situations Fund
FE Crown Rating: 5
Citywire rated AAA
Anthony Cross & Julian Fosh
Citywire Manager rating: AAA
Citywire Selection
Liontrust Special Situations Fund
Citywire Selection

Latest fund update

Special Situations Fund

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

   

Investors Chronicle - Top 100 Funds 2015 - Liontrust Special Situations
Liontrust Special Situations Fund
Investors Chronicle Top 100 2015
Morningstar OBSR - Bronze
Liontrust Special Situations Fund
Morningstar OBSR Bronze
Rayner Spencer Mills - R Rated Fund
Liontrust Special Situations Fund
Rayner Spencer Mills rated
Square Mile Rated AA - Liontrust
Liontrust Special Situations Fund
Square Mile rating: AA
Portfolio Adviser Fund Awards 2017
Liontrust Special Situations Fund
Portfolio Adviser Fund Awards 2017
Gold UK Equity
Fund Calibre Elite Provider - Equities
Liontrust Special Situations Fund
FundCalibre Elite Provider for equities

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 Special Situations 22.96% 4.72% 8.25% 11.85% 23.35%
IA UK All Companies 17.95% -2.41% 5.77% 14.24% 17.29%
FTSE All Share 21.95% -3.92% 6.58% 8.81% 16.77%
Liontrust Special Situations
IA UK All Companies
FTSE All Share
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust Special Situations 10.34% 23.08% 42.98% 102.13% 204.94% 350.94%
IA UK All Companies 8.75% 18.93% 26.13% 77.24% 70.05% 123.37%
FTSE All Share 8.21% 21.10% 24.95% 69.53% 71.78% 125.06%
To previous working day
Liontrust Special Situations
IA UK All Companies
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, bid-to-bid. 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. 


© 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.

Go

Key fund information

  • Launch date10/11/2005
  • IA sectorIA UK All Companies
  • BenchmarkFTSE All Share
  • Fund size£2,810,732,606.84
  • Number of holdings48
  • Active Share74.50%
  • Historic yield1.85%

Fund size, number of holdings and active share data is as at previous month end. Historic yield and performance data is as at previous working day.

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.

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.

Back to top