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GF Sustainable Future Pan-European Growth Fund

Single Price €13.845 as of 11/07/2024
Fund launch date 14/03/2001
Fund size €157,150,015.54
Number of holdings 47

The Fund

The Irish-domiciled Liontrust GF Sustainable Future Pan-European Growth Fund, which launched on 19 October 2018, is managed by Peter Michaelis & Martyn Jones. The Luxcellence - Liontrust SF Pan-European Equity Fund, which had launched on 14 March 2001, merged into the Liontrust GF Sustainable Future Pan-European Growth Fund on 19 October 2018. The GF Sustainable Future Pan-European Growth Fund aims to generate capital growth by mainly investing in a broad range of European companies. The Fund seeks to achieve this while benefiting society by identifying the key structural growth trends that will shape the global economy of the future and investing in well-run companies whose products and operations capitalise on these powerful trends and, therefore, may benefit financially. All investments will be expected to conform to our ESG criteria.

SFDR Article 9

You are able to redeem your investment from the Fund at any time and there is no exit fee for doing so.

Read latest fund update
Past performance does not predict future returns. You may get back less than you originally invested. Reference to specific securities is not intended as a recommendation to purchase or sell any investment.
Key Information
Manager Inception Date of Fund
14/03/2001
Managed by Current Team for
23 years
Class Launch Date
14/03/2001
ISIN code
IE00BYWSV511
Comparator Benchmark 1
MSCI Europe

Ratings and awards

Citywire fund manager rating Citywire Manager Rating: +
Morningstar Analyst Rating Morningstar Analyst Rating: Bronze
3D Investing 3D Investing Fund Rating: AA

Meet the team

Peter Michaelis, who is Head of the Liontrust Sustainable Investment team, and Martyn Jones joined Liontrust in April 2017 as part of the acquisition of Alliance Trust Investments (ATI). Peter has been managing money in Sustainable and Responsible Investment for over 20 years when he was promoted to lead Portfolio Manager at Aviva Investors, before being made Head of Sustainable and Responsible Investment. Prior to Liontrust, Martyn spent five years at ATI, initially as a graduate trainee and then as an analyst with the Sustainable Investment team. Martyn has an MA (Hons) in Management from the University of Glasgow and a Masters in Sustainability Leadership at the University of Cambridge.

Meet the tea

“Over our first 20 years of managing the SF funds, our investments have been successful because they have provided something society needs.”

Our Investment Process

The investment process seeks to generate strong returns from investing in companies aiming to deliver profits through positive social and environmental impacts. The fund managers look at the world through the prism of three mega trends – Better resource efficiency (cleaner), Improved health (healthier) and Greater safety and resilience (safer) – and then 22 themes within these.
If a company has significant exposure to one of the themes, the fund managers verify how sustainable the rest of its activities are. For each company, the fund managers determine the key ESG factors that are important indicators of future success and assess how well these are managed, via the proprietary Liontrust Sustainability Matrix.
Companies in which the fund managers invest will have robust business fundamentals with a proven ability to deliver high returns on equity (RoE) through sustaining margins and asset turnover. Typically, these companies have a maintainable competitive advantage through scale, technology or business model.
The fund managers invest in well-run companies whose products and operations capitalise on the transformative changes the Liontrust Sustainable Investment team has highlighted, may benefit financially from them and score well on ESG, business fundamentals and valuation. The managers believe identifying these powerful themes and investing in exposed companies can make for attractive and sustainable investments.
The Fund invests in quality businesses tackling the world’s most challenging problems with innovative solutions and these companies, with strong long-term growth prospects, are therefore often designated as ‘growth stocks’. Due to this focus, the Fund may underperform the market on a relative basis during periods of rising inflation and interest rates and when quality growth stocks are out of favour.
Past performance does not predict future returns. You may get back less than you originally invested. Reference to specific securities is not intended as a recommendation to purchase or sell any investment.

Performance

Performance since manager inception date (%)

Discrete performance (%)

As at previous quarter 12 months ending: Jun 24 Jun 23 Jun 22 Jun 21 Jun 20
Liontrust GF Sustainable Future Pan European Growth 9.6 5.9 -22.5 29.4 8.1
MSCI Europe 13.7 16.7 -6.5 27.9 -5.5

Cumulative performance (%)

As at previous day end 1 month 3 months 6 months YTD 1 year 3 years 5 years 10 years Since Inception
Liontrust GF Sustainable Future Pan European Growth -1.8 0.8 7.6 6.3 11.5 -10.5 25.1 68.8 152.2
MSCI Europe 0.4 4.4 12.0 10.7 18.0 24.6 51.5 97.5 190.4

Source: FE fundinfo as at 11/07/2024. Performance figures are shown in EUR. Total return performance figures are calculated net of costs and charges, on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Where applicable the quartile rank is for the primary share class within the sector. If your investment is made in a currency other than that used in the past performance calculation the return may increase or decrease as a result of currency fluctuations.

Current positioning

Top 10 Holdings (%)

ASML HOLDING N.V.
4.74
3I GROUP
4.58
ALCON AG
3.22
LONDON STOCK EXCHANGE GROUP PLC
3.17
SIEMENS AKTIENGESELLSCHAFT
2.82
SPOTIFY TECHNOLOGY S A
2.71
TRYG AS
2.70
PUMA SE
2.63
HALEON PLC
2.55
QIAGEN N.V.
2.51

Sector Breakdown (%)

Financials
22.16
Information Technology
19.43
Industrials
16.74
Health Care
14.40
Consumer Discretionary
12.78
Consumer Staples
5.05
Communications
4.50
Materials
3.25
Money Market
1.65

Geographic Breakdown (%)

UK
29.33
Germany
13.45
Netherlands
11.59
Switzerland
11.23
Denmark
7.74
Sweden
5.80
Norway
3.78
Luxembourg
2.71
Italy
2.40
Ireland
2.32
Belgium
2.19
USA
2.00
Canada
1.95
France
1.80
Cash & Cash Equivalents
1.65
Source: FE fundinfo

Key features of the Fund

The Fund aims to achieve capital growth over the long term (five years or more) through investment in sustainable securities, mainly consisting of European equities. The Fund is biased towards companies that provide or produce more sustainable products and services as well as having a more progressive approach to the management of environmental, social and governance issues. The Fund will seek to achieve its objective through exposure mainly to equities of companies incorporated in any European Economic Area Member State, the UK and Switzerland, although it can invest globally. In normal conditions the Fund invests at least 75% of its Net Asset Value in European equities. In addition, the Fund may invest in debt securities for liquidity and cash management purposes. Any investment in bonds will be in corporate and government fixed or floating rate instruments which may be rated or unrated up to 25% of the net assets of the Fund. The Fund may also invest in exchange traded funds and other open-ended collective investment schemes. The Fund is not expected to have any exposure to derivatives (contracts whose value is linked to the expected future price movements of an underlying asset) in normal circumstances but may on occasion use them for investment, efficient portfolio management and for hedging purposes. The use of derivatives should not lead to a significant change in the risk profile of the Fund.
5 years or more.
4 (Please refer to the Fund PRIIP KID for further detail on how this is calculated).
Active
The Fund is considered to be actively managed in reference to the MSCI Europe Index (the "Benchmark") by virtue of the fact that it uses the benchmark(s) for performance comparison purposes. The benchmark(s) are not used to define the portfolio composition of the Fund and the Fund may be wholly invested in securities which are not constituents of the benchmark.
The Fund is a financial product subject to Article 9 of the Sustainable Finance Disclosure Regulation (SFDR).
Additional Information
Minimum initial investment
€1,000
Minimum additional investment
€1,000
Ex-dividend date
1 January, 1 April, 1 July, 1 October
Distribution date
Sedol code
BYWSV51
Charges
Initial charge
-
Ongoing Charges Figure
1.67%
Included within the OCF is the Annual Management Charge
1.50%

For more information on the OCF, see our costs and charges page.

Additional resources

The Sustainable team’s Annual Review measures the impact of their investments and analyses the success of their engagement initiatives. 

Download >

The Sustainable team’s latest Engagement and Voting Review covers the work done to drive improvement in the businesses held across the Sustainable Future funds and progress made on proactive engagement initiatives during 2021.

Download >

Learn more about how Liontrust is complying with the SFDR requirements.

Download >

2021

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2019

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2018

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2017

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2016

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Liontrust Sustainable Future Funds

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Key Risks 

Past performance does not predict future returns. You may get back less than you originally invested. All investments will be expected to conform to our social and environmental criteria. Overseas investments may carry a higher currency risk. They are valued by reference to their local currency which may move up or down when compared to the currency of the Fund. The Fund may encounter liquidity constraints from time to time. The spread between the price you buy and sell shares will reflect the less liquid nature of the underlying holdings. Outside of normal conditions, the Fund may hold higher levels of cash which may be deposited with several credit counterparties (e.g. international banks). A credit risk arises should one or more of these counterparties be unable to return the deposited cash. Counterparty Risk: any derivative contract, including FX hedging, may be at risk if the counterparty fails. ESG Risk: In reference to any component (where applicable) of a fund's investment process that uses external ESG data, there may be limitations to the availability, completeness or accuracy of ESG information from third-party providers, or inconsistencies in the consideration of ESG factors across different third party data providers, given the evolving nature of ESG. There is no guarantee that an absolute return will be generated over a three year time period or within another time period.

Disclaimer

This is a marketing communication. Before making an investment, you should read the relevant Prospectus and the Key Investor Information Document (KIID) and/or PRIIP/KID, which provide full product details including investment charges and risks. It should not be construed as advice for investment in any product or security mentioned, an offer to buy or sell units/shares of Funds mentioned, or a solicitation to purchase securities in any company or investment product. The decision to invest in a fund should take into account all the characteristics and objectives of the fund (inclusive of sustainability features) as described in the prospectus. Further information can be found here: https://www.liontrust.eu/sfdr. Examples of stocks are provided for general information only to demonstrate our investment philosophy. The investment being promoted is for units in a fund, not directly in the underlying assets. This information and analysis is believed to be accurate at the time of publication, but is subject to change without notice. Whilst care has been taken in compiling the content, no representation or warranty is given, whether express or implied, by Liontrust as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified.

Fund literature
GF Sustainable Future Pan-European Growth Fund
View latest fund update
Holdings Holdings
Thematic breakdowns Thematic Breakdown
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