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GF UK Equity Fund

Single Price £1.554 as of 11/07/2024
Fund launch date 03/03/2014
Fund size £5,844,469.13
Number of holdings 43

The Fund

The Ireland-domiciled Liontrust GF UK Equity Fund is managed by Imran Sattar. The Fund invests primarily in FTSE 350 stocks, with the flexibility to invest up to 20% of net asset value in shares listed outside the UK. The Fund aims to deliver a total return after costs and charges, combining income and capital growth, in excess of its benchmark over any five-year period.

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
03/03/2014
Managed by Current Team for
10 years
Class Launch Date
03/03/2014
ISIN code
IE00BH65MY57
Comparator Benchmark 1
FTSE All Share

Awards and ratings

FEfundinfo Crown Rating FE fundinfo Crown Rating: 5

Meet the manager

Imran Sattar joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management and is a member of the Global Fundamental team. Imran, who joined Majedie in 2018, has 25 years’ experience managing UK equity funds at Blackrock and Mercury Asset Management. He is also responsible for manging the Liontrust UK Focus Fund and is portfolio manager for Edinburgh Investment Trust.

Meet the tea

Our Investment Process

The fund manager applies a flexible investment process, which avoids inbuilt style biases and enables the team to pursue investment alpha regardless of economic and market conditions.
The fund manager focuses on shares that, in their view, offer the best risk/reward profiles, while ensuring the portfolio is well balanced and risk is carefully targeted.
The fund manager is first and foremost a stock picker although macro-economic research is also woven into the team’s bottom-up research.
The fund manager considers environmental, social and governance (ESG) as a key risk consideration as part of their investment process and engage with companies to ensure best practice.
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 fund launch date

Discrete performance (%)

As at previous quarter 12 months ending: Jun 24 Jun 23 Jun 22 Jun 21 Jun 20
Liontrust GF UK Equity 14.5 12.4 -10.5 24.3 -11.4
FTSE All Share 13.0 7.9 1.6 21.5 -13.0

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 UK Equity 1.2 5.0 10.4 9.2 17.7 13.4 25.8 59.3 55.4
FTSE All Share 1.6 5.2 11.2 8.8 18.0 23.7 31.4 81.7 82.2

Source: FE fundinfo as at 11/07/2024. Performance figures are shown in GBP. 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 (%)

SHELL PLC
7.74
UNILEVER PLC
5.04
COMPASS GROUP PLC
4.90
RENTOKIL INITIAL
4.13
HALEON PLC
4.01
GSK PLC
4.00
ASTRAZENECA PLC
3.74
VERISK ANALYTICS, INC.
3.44
LONDON STOCK EXCHANGE GROUP PLC
3.18
NATWEST GROUP PLC
3.14

Sector Breakdown (%)

Industrials
21.43
Consumer Discretionary
17.14
Financials
14.79
Health Care
14.76
Consumer Staples
10.09
Energy
9.42
Technology
4.73
Money Market
2.88
Basic Materials
2.30
Utilities
1.37
Real Estate
1.04

Geographic Breakdown (%)

UK
90.32
USA
5.28
Cash & Cash Equivalents
2.88
Finland
1.50

Key features of the Fund

The Fund aims to produce a total return in excess of the FTSE All-Share Index over the long term through investment in a diversified portfolio of predominantly UK equities. 

The Fund's portfolio will be constructed taking into consideration macroeconomic factors (such as interest rates, GDP, monetary and fiscal trends), the outlook for different economic sectors and market capitalisations, and stock-specific factors (such as valuation, market position, investment potential, management quality and financial strength). The Fund is actively managed. The Fund is managed in reference to a benchmark in that it has a target to outperform the FTSE All-Share Index but is not constrained by the Index in any way. 

There is no policy to restrict investment to any particular economic sector or industry. 

The Fund intends to invest in the equity securities of companies which are listed or traded on one or more Markets listed in Appendix I to the Prospectus. At least 80% of the Fund will be invested in UK equities, with the balance in international equities (which for the avoidance of doubt could include emerging markets equities), cash or near cash. 

The Fund may invest up to 10% of its Net Asset Value in other collective investment schemes such as money market funds invested in for cash management purposes. 

There can be no guarantee that the investment objective of the Fund will be achieved.

This Fund may not be appropriate for investors who plan to withdraw their money within 5 years.
6 (Please refer to the Fund KIID for further detail on how this is calculated)

Active.
FTSE All-Share Index
Additional Information
Minimum initial investment
£100,000
Minimum additional investment
£5,000
Ex-dividend date
30 June, 31 December
Distribution date
31 August, 28 February
Sedol code
BH65MY5
Charges
Initial charge
-
Ongoing Charges Figure
1.10%
Included within the OCF is the Annual Management Charge
0.65%

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

Fund Manager Insights

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Key Risks 

Past performance does not predict future returns. You may get back less than you originally invested. 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 invest in emerging markets which carries a higher risk than investment in more developed countries. This may result in higher volatility and larger drops in the value of the fund over the short term. 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 UK Equity Fund
View latest fund update