The Fund
The Liontrust GF US Equity Fund is a concentrated, high-conviction US equity portfolio managed by Hong Yi Chen. The Irish-domiciled Fund aims to produce capital growth over the long term through investment in a diversified portfolio, primarily comprised of US equities.
You are able to redeem your investment from the Fund at any time and there is no exit fee for doing so.
Awards and Ratings
Morningstar Sustainability Rating: 5
Meet the team
Hong Yi Chen joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management and is a member of the Global Fundamental team. Hong joined Majedie in 2010 as an Analyst on the graduate programme. He became manager of the GF US Equity Fund in January 2021.
Performance
Performance since fund launch date
Discrete performance (%)
| As at previous quarter 12 months ending: | Sep 23 | Sep 22 | Sep 21 | Sep 20 | Sep 19 |
|---|---|---|---|---|---|
| Liontrust GF US Equity | 22.0 | -22.1 | 37.1 | 10.2 | 9.9 |
| S&P 500 | 21.0 | -15.9 | 29.4 | 14.5 | 3.6 |
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 US Equity | 6.4 | 4.5 | 10.0 | 23.2 | 20.0 | 24.2 | 85.6 | - | 152.0 |
| S&P 500 | 5.2 | 3.6 | 7.8 | 21.2 | 17.5 | 28.5 | 85.7 | - | 166.3 |
Source: FE fundinfo as at 08/12/2023. Performance figures are shown in USD. 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 (%)
| MICROSOFT CORPORATION | 5.99 |
|---|---|
| INTUIT INC. | 4.99 |
| INSTALLED BUILDING PRODUCTS INC | 4.75 |
| PERFORMANCE FOOD GROUP CO | 4.52 |
| AMAZON.COM, INC. | 4.19 |
| CHURCH & DWIGHT CO., INC. | 3.99 |
| ADOBE INC. | 3.85 |
| ELEVANCE HEALTH, INC. | 3.66 |
| CENTENE CORP | 3.63 |
| L3HARRIS TECHNOLOGIES, INC. | 3.55 |
Sector Breakdown (%)
| Consumer Discretionary | 21.37 | |
|---|---|---|
| Information Technology | 19.25 | |
| Health Care | 15.81 | |
| Consumer Staples | 11.70 | |
| Communications | 9.48 | |
| Financials | 9.03 | |
| Industrials | 8.95 | |
| Money Market | 3.46 | |
| Materials | 0.90 |
Geographic Breakdown (%)
| USA |
96.53
|
|---|---|
| Cash & Cash Equivalents |
3.46
|
Key features of the Fund
The Fund aims to produce capital growth over the long term through investment in a diversified portfolio of primarily US equities.
The Fund is actively managed. The Fund is managed in reference to a benchmark in the context of performance comparison only.
It is intended that the investment objective of the Fund will be achieved primarily through investment in a diversified portfolio of equity securities of companies incorporated in the US and/or listed or traded on one or more markets in the US listed in Appendix I to the Prospectus.
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). There is no policy to restrict investment to any particular economic sector or industry.
At least 80% of the Fund will be invested in US equities, with the balance in other international equities (which 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. Other collective investment schemes could include money market funds invested in for cash management purposes. The Fund is not expected to generate significant amounts of income. There can be no guarantee that the investment objective of the Fund will be achieved.
For more information on the OCF, see our costs and charges page.
Fund Manager Insights
Hong Yi Chen
How to invest in Liontrust funds
Key Risks
Past performance is not a guide to future performance. The value of an investment and the income generated from it can fall as well as rise and is not guaranteed. You may get back less than you originally invested. The issue of units/shares in Liontrust Funds may be subject to an initial charge, which will have an impact on the realisable value of the investment, particularly in the short term. Investments should always be considered as long term.
Investment in the Fund involves foreign currencies and may be subject to fluctuations in value due to movements in exchange rates.
Disclaimer
This is a marketing communication. Before making an investment, you should read the relevant Prospectus and the Key Investor Information Document (KIID), which provide full product details including investment charges and risks. These documents can be obtained, free of charge, from www.liontrust.co.uk or direct from Liontrust. Always research your own investments. If you are not a professional investor please consult a regulated financial adviser regarding the suitability of such an investment for you and your personal circumstances.
This 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. 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. It contains information and analysis that 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 of this document, no representation or warranty, express or implied, is made by Liontrust as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified. It should not be copied, forwarded, reproduced, divulged or otherwise distributed in any form whether by way of fax, email, oral or otherwise, in whole or in part without the express and prior written consent of Liontrust.
