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Global Alpha Fund

Single Price 1082.540p as of 12/12/2024
Fund launch date 31/12/2001
Fund size £190,819,561.94
Number of holdings 60

The Fund

The Liontrust Global Alpha Fund is managed by Mark Hawtin and Pieran Maru. The fund managers aim to deliver alpha (capital growth in excess of the MSCI AC World Index) by running an actively managed portfolio and investing in securities using a combination of economic, industry and stock specific analysis irrespective of a benchmark index.

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
7 months
Class Launch Date
31/12/2001
ISIN code
GB0031190555
Comparator Benchmark 1
MSCI ACWI
Comparator Benchmark 2
IA Flexible Investment

Morningstar Rating Morningstar Rating: 4

Meet the team

Mark Hawtin and Pieran Maru 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. Pieran covered software and hardware companies at GAM before moving to Liontrust.  

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: Sep 24 Sep 23 Sep 22 Sep 21 Sep 20
Liontrust Global Alpha 16.5 5.6 -26.5 25.7 35.1
IA Global 16.2 7.8 -8.9 23.2 7.2
MSCI ACWI 19.9 10.5 -4.2 22.2 5.3
Quartile Ranking 3 4 4 2 1

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 Global Alpha 4.3 15.8 13.3 24.5 27.8 -2.3 75.9 169.3 982.5
IA Global 1.6 7.2 7.1 15.2 18.6 14.8 60.2 166.0 406.8
MSCI ACWI 2.0 9.3 10.3 21.8 24.2 27.6 76.5 215.2 543.9
Quartile Ranking 1 1 1 1 1 4 2 2 -

Source: FE fundinfo as at 12/12/2024. Performance figures are shown in GBX. 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 (%)

NETFLIX
3.57
SERVICENOW, INC.
3.56
ALPHABET INC
3.04
META PLATFORMS, INC.
3.02
SALESFORCE.COM
3.01
AMAZON.COM, INC.
2.99
NVIDIA CORP
2.94
MICROSOFT CORPORATION
2.73
UBER TECHNOLOGIES, INC.
2.65
COINBASE GLOBAL, INC.
2.64

Sector Breakdown (%)

Information Technology
30.89
Consumer Discretionary
15.09
Financials
13.90
Communications
9.63
Health Care
8.86
Cash & Cash Equivalents
7.32
Industrials
6.96
Materials
3.04
Consumer Staples
2.24
Others
1.20
Energy
0.83

Geographic Breakdown (%)

USA
65.18
Cash & Cash Equivalents
7.32
China
4.50
UK
4.06
Japan
4.02
Denmark
2.94
France
2.67
Germany
1.98
Peru
1.47
Canada
1.41
Taiwan
1.24
Korea
0.87
Norway
0.83
Ireland
0.76
Chile
0.68
Source: FE fundinfo
Additional Information
Minimum initial investment
£250,000
Minimum additional investment
£0
Ex-dividend date
31 December (Final)
Distribution date
28 February
Sedol code
3119055
Charges
Initial charge
-
Ongoing Charges Figure
0.87%
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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How to invest in Liontrust funds

Through a fund platform
Through a financial adviser
Direct with Liontrust

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. The Fund will invest in smaller companies and may invest a small proportion (less than 10%) of the Fund in unlisted securities. There may be liquidity constraints in these securities from time to time, i.e. in certain circumstances, the fund may not be able to sell a position for full value or at all in the short term. This may affect performance and could cause the fund to defer or suspend redemptions of its shares. 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. 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
Global Alpha Fund
View latest fund update