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Global Dividend Fund

Fund launch date 20/12/2012
Fund size £338,275,398.96
Number of holdings 41
Managed by current team for 6 years
Currently viewing:

The Fund

The Fund was launched in 2012 and is lead managed by Storm Uru since August 2017 and James Dowey since February 2021. They have been supported by Clare Pleydell-Bouverie and James O’Connor as fund managers since May 2023. The team manages the Fund using the Global Innovation investment process, investing the Fund in innovative global leading companies. The Fund has a formal objective of delivering a target net yield of at least the net yield of the MSCI World Index each year while delivering strong long-term (5 years or more) capital growth. The team also seeks to deliver strong dividend growth.

You are able to redeem your investment from the Fund at any time and there is no exit fee for doing so.

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
31/08/2017
Class Launch Date
20/12/2012
Comparator Benchmark 1
MSCI World
Comparator Benchmark 2
IA Global Equity Income
Price
Single Price
282.210p
Offer Price
-
Price Date
08/12/2023

Awards and Ratings

Fund Manager of the Year Awards 2021 Fund Manager of the Year Awards 2021 Best Global Income Fund
FEfundinfo Crown Rating FE fundinfo Crown Rating: 4
Morningstar Fund Rating: 5 Morningstar Rating: 5

Meet the team

Storm Uru, James Dowey, Clare Pleydell-Bouverie and James O’Connor joined Liontrust as part of its acquisition of Neptune Investment Management in October 2019. James Dowey has 18 years of industry experience and holds degrees in economics from Edinburgh University and Cambridge University and a PhD from the London School of Economics, Storm Uru has 12 years’ industry experience and holds a degree in finance from Massey University and an MBA from Oxford University, Clare Pleydell-Bouverie has 7 years of industry experience and holds a degree in history from Oxford University and James O’Connor has 7 years of industry experience and holds a degree in psychology and economics from Harvard University and a degree in education research from Oxford university.

Meet the tea

Our Investment Process

The Liontrust Global Innovation team invests in innovative companies based on their strongly-held belief that innovation is the biggest driver of stock returns
The Liontrust Global Dividend Fund invests in innovative global leading companies: best-in-class companies, continually innovating to stay ahead, grow their dividends and deliver high long-term stock returns

The team looks for four characteristics in every company in which it invests: innovation that creates value for customers, barriers to competition that capture value for shareholders, good management and strong returns on invested capital

While the Fund aims to achieve high returns and outperform the market over the long-term it may underperform over the shorter term due to macroeconomic volatility
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 23 Sep 22 Sep 21 Sep 20 Sep 19
Liontrust Global Dividend 10.9 -5.8 21.2 8.1 15.7
IA Global Equity Income 9.4 -0.6 21.6 -3.9 7.0
Quartile Ranking 2 4 2 1 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 Dividend 4.3 3.0 5.8 12.5 12.4 20.3 76.6 138.0 182.2
IA Global Equity Income 2.8 2.1 2.8 6.0 6.6 24.2 46.3 116.2 152.5
Quartile Ranking 1 2 1 1 1 3 1 2 -

Source: FE fundinfo as at 08/12/2023. 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 (%)

MICROSOFT CORPORATION 4.45
VITEC SOFTWARE GROUP AB 3.70
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 3.43
ORACLE CORPORATION 3.14
HONEYWELL INTERNATIONAL INC. 3.04
DANAHER CORPORATION 2.99
INTUIT INC. 2.89
VMH MOET HENNESSY LOUIS VUITTON 2.88
ROPER TECHNOLOGIES, INC. 2.85
ELI LILLY AND COMPANY 2.78

Sector Breakdown (%)

Information Technology 38.25
Health Care 14.74
Consumer Discretionary 11.50
Industrials 11.49
Financials 10.63
Consumer Staples 6.61
Energy 2.60
Communications 2.58
Materials 1.36
Money Market 0.19

Geographic Breakdown (%)

USA
60.23
Sweden
10.10
France
5.54
Australia
4.83
UK
3.48
Taiwan
3.43
Switzerland
2.61
Canada
2.60
Denmark
2.49
Netherlands
2.40
New Zealand
2.06
Cash & Cash Equivalents
0.19

Source: Liontrust as at 30/11/2023.

Source: FE fundinfo
Additional Information
Minimum initial investment
£250,000
Minimum additional investment
£0
Ex-dividend date
1 January, 1 April, 1 July, 1 October
Distribution date
28 February, 31 May, 31 August, 30 November
Sedol code
B9225P6
ISIN code
GB00B9225P64
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.

Fund Manager Insights

See all related
James Dowey James Dowey
Animal Spirits: Using large language models to forecast US growth Fund manager James Dowey uses a large language model to build a simple model to help forecast US economic growth.
icon 6 December 2023
Blocks
Storm Uru Storm Uru
The rise of AI co-pilots: harnessing your personal assistant for innovation In the second of our series: 'AI - tried & tested by the Global Innovation team’, fund manager Storm Uru uses OpenAI’s generative AI model, ChatGPT, to develop his own GPT co-pilot to help prepare for our upcoming company visit.
icon 28 November 2023
Computers
Clare Pleydell-Bouverie Clare Pleydell-Bouverie
Netflix: A binge-worthy profit series The streaming giant is boosting profits with more members and a focus on ads
icon 31 October 2023
Netflix
Storm Uru Storm Uru
MongoDB: the database provider scaling up to profit Global Innovation fund manager Storm Uru examines how database provider MongoDB is pivoting to profit after making a notable impact on the tech world
icon 25 October 2023
Tech start up

How to invest in Liontrust funds

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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.

 
Fund literature
Global Dividend Fund
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