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GF Sustainable Future US Growth Fund

Single Price $11.963 as of 22/05/2024
Fund launch date 07/07/2023
Fund size $103,400,165.85
Number of holdings 43

The Fund

The Fund aims to achieve capital growth over the long term (five years or more) through investment in sustainable securities, predominantly consisting of US equities.

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
07/07/2023
Managed by Current Team for
10 months
Class Launch Date
07/07/2023
ISIN code
IE0007RMU077

"The US is home to some of the world’s most innovative companies. Sustainability considerably lags Europe and the UK and the opportunity for growth over the long term is very strong."

Meet the team

Chris Foster, Simon Clements and Peter Michaelis joined Liontrust in April 2017 as part of the acquisition of Alliance Trust Investments (ATI). Chris joined ATI through the management training programme after graduating with a First Class Honours degree in Economics and Mathematics from the University of Edinburgh. Chris is a CFA Charterholder. Prior to managing funds and ATI for five years, Simon spent 12 years at Aviva Investors where latterly he was Head of Global Equities. 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. 

Meet the tea

Our Investment Process

The process seeks to generate strong returns from investing in companies aiming to deliver profits through positive social and environmental impacts. The 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. 
The managers identify well-run companies whose products and operations benefit from these transformative changes and which are helping to make the world cleaner, healthier and safer. Further analysis hones this list down to those companies that exhibit superior sustainability management, will deliver persistently high returns on equity and are attractively valued on a five-year view. 
Each manager is an analyst and is responsible for conducting research on a given sustainability theme and the sustainability analysis of potential investments. As each manager is also responsible for the business fundamentals and valuation analysis, we believe it derives an information advantage that would be lost if these roles were separate. 
By having a longer time horizon than most, the managers can patiently invest in businesses they believe have years of growth ahead, and take advantage of dislocations in the market when these businesses are trading considerably below what the managers believe they are worth. 
This is an integral part of how the managers invest. Engaging on key ESG issues gives the managers greater insight, helps to identify leading companies and is used as a lever to encourage better business practices. 
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

As the share class has been in existence for less than one discrete year as at the previous quarter end, there is insufficient data to provide an indication of past performance.

Current positioning

Top 10 Holdings (%)

ALPHABET INC
4.08
CADENCE DESIGN SYSTEMS, INC.
3.94
THERMO FISHER SCIENTIFIC INC.
3.74
MICROSOFT CORPORATION
3.48
VISA INC.
3.43
MARKEL GROUP INC
3.29
CHARLES SCHWAB CORPORATION (THE)
3.21
VERISIGN
3.10
MASTERCARD INCORPORATED
2.81
MORNINGSTAR INC
2.71

Sector Breakdown (%)

Information Technology
23.38
Financials
22.08
Health Care
18.92
Industrials
14.64
Consumer Discretionary
7.53
Money Market
4.58
Communications
4.08
Real Estate
2.67
Materials
2.09

Geographic Breakdown (%)

USA
89.70
Cash & Cash Equivalents
4.58
UK
2.41
Ireland
2.18
Argentina
1.11

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, predominantly consisting of US equities.

The Fund is not expected to have any exposure to financial derivative instruments in normal circumstances, but the Investment Adviser may on occasion, where it deems it appropriate in seeking to achieve the investment objective of the Fund, use financial derivative instruments (namely futures, options and total return swaps) for efficient portfolio management, for investment purposes and/or hedging purposes. Further details are set out under the heading “Use of Derivatives” below. The use of financial derivative instruments may, at times, result in the Fund being substantially invested in short term Money Market Instruments (as described below) and/or cash to support such exposures.

In normal conditions, the Fund invests at least 80% of its Net Asset Value in US equities and the Investment Adviser aims to hold a diversified portfolio of such equities which will not be constrained by industries or the size of issuers. US equities are those which, at the time of purchase, are incorporated, domiciled, listed or conduct significant business in the US. However, the Investment Adviser may decide to hold a more concentrated portfolio at certain times (i.e. where market factors dictate or at times of significant subscriptions and redemptions in the Fund) and it is possible that a substantial portion of the Fund could be invested in cash or Money Market Instruments. In addition the Fund may invest in exchange traded funds (which are classified as collective investment schemes) and other open-ended collective investment schemes. No more than 10% of the Net Asset Value of the Fund will be invested in aggregate in open-ended collective investment schemes. The Fund may invest up to 10% of its Net Asset Value in Real Estate Investment Trusts (“REITs”) domiciled in the US and they are not considered an investment by the Fund in open-ended collective investment schemes but rather an investment in equity securities which are considered transferable securities. The Fund may invest in closed-ended funds domiciled in the United Kingdom and/or the EU that qualify as transferable securities and any such investment will be subject to the relevant UCITS investment restrictions relating to investment in transferable securities. Investment in closed-ended funds will be used where the closed-ended fund aligns to the objectives and policies of the Fund. Investment in closed-ended funds will further be confined to schemes which are considered by the Investment Adviser to be relatively liquid in nature and such an investment shall constitute an investment in a transferable security in accordance with the requirements of the Central Bank. Investment in closed-ended funds is not expected to comprise a significant portion of the Fund’s Net Asset Value and will not typically exceed 10% of the Fund’s Net Asset Value.

5 years or more.
5 (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 USA Index (the “Benchmark”) by virtue of the fact that it uses the Benchmark for performance comparison purposes. The Benchmark is 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. For the avoidance of doubt, the Benchmark is not used to measure the sustainable impact of the Fund. 

The Benchmark is a broad US equity index that represents large and mid-cap equity performance across the US markets. With over 600 constituents, the Benchmark covers part of the free float-adjusted market capitalization in the US.
The Fund is a financial product subject to Article 9 of the Sustainable Finance Disclosure Regulation (SFDR).
Additional Information
Minimum initial investment
$5,000,000
Minimum additional investment
$1,000
Ex-dividend date
Distribution date
Sedol code
BR3VH63
Charges
Initial charge
-
Ongoing Charges Figure
0.87%
Included within the OCF is the Annual Management Charge
0.75%

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 >

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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 US Growth Fund
View latest fund update
Holdings Holdings
Thematic breakdowns Thematic Breakdown
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