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GF US Equity Fund

Fund launch date 26/06/2014
Fund size $158,655,944.88
Number of holdings 34
Managed by current team for 1 year
Currently viewing:

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. 

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.
Key Information
Manager Inception Date of Fund
01/01/2021
Class Launch Date
26/06/2014
Comparator Benchmark 1
S&P 500
Comparator Benchmark 2
IA North America
Price
Single Price
$2.169
Offer Price
-
Price Date
09/08/2022

Awards and Ratings

Morningstar Sustainability rated 5 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 co-manager of the GF US Equity Fund in January 2021.

More about the team
Meet the tea

Our Investment Process

The investment team's fundamental bottom-up approach seeks to invest in stocks that meet two key criteria: asymmetric share price return potential and a catalyst for crystallising this potential. 
The team’s analysis is distilled into fundamental and valuation-based forecasts from which they produce two-year share price targets, according to optimistic, base case and pessimistic scenarios.
Having built conviction that the stock meets the aforementioned investment criteria, the size of the investment is driven by both the attractiveness of the return profile and the conviction that the catalyst will materialise within the managers’ two-year timeframe. 
The overall aim of the investment approach is to build a concentrated, high conviction portfolio with holdings spread across the market cap and style spectrum and with returns underpinned by material positive surprises as catalysts are crystallised.
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.

Performance

Performance since fund launch date

Discrete performance (%)

As at previous quarter 12 months ending: Jun 22 Jun 21 Jun 20 Jun 19 Jun 18
Liontrust GF US Equity -18.9 49.1 5.5 10.3 12.9
S&P 500 -11.0 40.1 6.9 9.8 13.7

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 6.1 5.9 -11.0 -16.4 -12.1 36.7 71.3 - 116.9
S&P 500 8.0 5.5 -6.0 -11.1 -4.1 49.3 83.8 - 139.7

Source: FE fundinfo as at 10/08/2022. 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 CORP 8.00
AMAZON.COM, INC. 5.72
ALPHABET INC 5.40
ELECTRONIC ARTS INC 4.12
CENTENE CORP(DEL) 3.94
FISERV INC 3.91
ELEVANCE HEALTH INC 3.81
WILLSCOT MOBILE MINI HLDGS CORP 3.62
LGI HOMES INC 3.47
PERFORMANCE FOOD GROUP CO 3.46

Sector Breakdown (%)

Consumer Discretionary 19.91
Information Technology 19.77
Health Care 16.97
Industrials 11.80
Financials 10.94
Communications 10.42
Consumer Staples 5.97
Materials 2.69
Energy 1.02
Money Market 0.47

Geographic Breakdown (%)

USA
99.52
Money Market
0.47

Source: Liontrust as at 29/07/2022.

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
ISIN code
IE00BNGWY190
Charges
Initial charge
-
Ongoing Charges Figure
0.89%
Included within the OCF is the Annual Management Charge
0.75%

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

How to invest in Liontrust funds

Through a fund platform
Through a financial adviser
Direct with Liontrust

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.

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GF US Equity Fund
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