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.
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.
Discrete performance (%)
| As at previous quarter 12 months ending: | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|---|---|---|---|---|
| Liontrust GF US Equity | 36.5 | -9.9 | 5.9 | 67.6 | -8.0 |
| S&P 500 | 29.3 | -8.2 | 15.2 | 55.6 | -7.5 |
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 US Equity | -2.6 | 0.5 | 18.2 | 5.9 | 27.5 | 15.4 | 88.0 | - | 180.2 |
| S&P 500 | -0.4 | 4.0 | 18.9 | 9.0 | 26.6 | 26.5 | 90.4 | - | 201.2 |
Source: FE fundinfo as at 07/05/2024. 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 (%)
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 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 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.
