The multi-award-winning Fund has been managed by Anthony Cross since 1997 and he was joined by his co-managers Julian Fosh in 2008 and Victoria Stevens and Matt Tonge in 2015. The fund managers use the Economic Advantage investment process to seek 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. All smaller companies in the Fund must have a minimum 3% directors’ equity ownership, which the fund managers believe motivates key employees, helps to secure a company’s competitive edge and leads to better corporate performance.
• 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. The performance of Liontrust UK Smaller Companies I Inc does not go back to the Fund's launch date because not all the historic data is available from FE. Performance data starts from 07.08.95. 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 Morningstar OBSR Analyst Rating™ is subjective in nature and reflects Morningstar OBSR's current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, Morningstar OBSR does not guarantee that a fund will perform in line with its Morningstar OBSR Analyst Rating.
Key fund information
IA sectorIA UK Smaller Companies
BenchmarkFTSE Small Cap (ex IT)
Number of holdings68
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.