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GF US Equity Fund

Single Price $2.885 as of 17/09/2024
Fund launch date 26/06/2014
Fund size $5,229,053.93
Number of holdings 39

The Fund

The Liontrust GF US Equity Fund is a concentrated, high-conviction US equity portfolio managed by Mark Hawtin and Kevin Kruczynski. 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.

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
08/05/2024
Managed by Current Team for
4 months
Class Launch Date
26/06/2014
ISIN code
IE00BNGWY190
Comparator Benchmark 1
S&P 500

Meet the team

Mark Hawtin and Kevin Kruczynski joined Liontrust from GAM Investments in 2024. Mark has 40 years of investment experience, was Investment Director and Head of Global Equities at GAM, having previously been a partner and portfolio manager at Marshall Wace Asset Management. Kevin managed Global and US equity portfolios at GAM before moving to Liontrust. Previously, he was at THS Partners, Cazenove Capital and Merrill Lynch Investment Managers.

Meet the tea
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 US Equity 20.9 21.7 -18.9 49.1 5.5
S&P 500 24.0 19.0 -11.0 40.1 6.9

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 0.1 -1.5 0.5 8.9 21.0 15.8 76.7 173.8 188.0
S&P 500 1.5 3.2 10.6 19.0 27.9 31.3 98.4 220.1 228.4

Source: FE fundinfo as at 17/09/2024. 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 (%)

MICROSOFT CORPORATION
5.99
NVIDIA CORP
4.29
APPLE INC.
4.25
INTUITIVE SURGICAL
4.23
AMAZON.COM, INC.
4.16
ALPHABET INC
3.83
CBOE GLOBAL MARKETS INC
3.76
INTUIT INC.
3.66
PAYPAL HOLDINGS, INC.
3.57
NETFLIX
3.42

Sector Breakdown (%)

Information Technology
36.49
Health Care
18.74
Financials
14.35
Communications
9.66
Consumer Discretionary
7.90
Industrials
6.28
Consumer Staples
3.56
Money Market
2.99

Geographic Breakdown (%)

USA
97.00
Cash & Cash Equivalents
2.99

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. 

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.
S&P 500 Index
Additional Information
Minimum initial investment
$160,000
Minimum additional investment
$8,000
Ex-dividend date
30 June, 31 December
Distribution date
31 August, 28 February
Sedol code
BNGWY19
Charges
Initial charge
-
Ongoing Charges Figure
2.92%
Included within the OCF is the Annual Management Charge
0.75%

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

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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 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 US Equity Fund
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