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Global Dividend Fund

Fund launch date 20/12/2012
Fund size £345,346,748.95
Number of holdings 40
Managed by current team for 4 years
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The Fund

The Fund was launched in 2012. Storm started managing the Fund in August 2017 and was joined by James in February 2021. They have jointly developed the Global Innovation approach to the Global Equity investment process that is applied to the management of the Global Dividend Fund.  The Fund has a formal objective of delivering a net target yield of at least the net yield of the MSCI World Index every year and the potential for long term (5 years or more) capital growth. The managers also seek to produce annual dividend growth and to maximise the total return of the Fund over the long term.

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
31/08/2017
Class Launch Date
20/12/2012
Comparator Benchmark 1
MSCI World
Comparator Benchmark 2
IA Global Equity Income
Price
Single Price
239.040p
Offer Price
-
Price Date
20/05/2022

Awards and Ratings

Fund Manager of the Year Awards 2021 Fund Manager of the Year Awards 2021 Best Global Income Fund
Citywire fund manager rating Citywire Manager Rating: +
FEfundinfo Crown Rating FE fundinfo Crown Rating: 4
Morningstar Fund Rating: 5 Morningstar Rating: 5

Meet the team

Storm Uru and James Dowey, who co-manage the Fund, moved to Liontrust as part of the acquisition of Neptune Investment Management in October 2019. Storm joined Neptune in 2014, and prior to this, he graduated with an MBS in International Business from Massey University in 2011 and an MBA in Finance at the University of Oxford in 2014. James has researched and taught the history of innovation at the London School of Economics. James has an MA in Economics from Edinburgh University, an MPhil in Economics from King’s College, Cambridge University, and a PhD from the London School of Economics.

More about the team
Meet the tea

Our Investment Process

The fund managers believe the key to generating outperformance is through high conviction, long-term, research-led company selection.
The Liontrust Global Dividend Fund focuses on investing in innovative businesses for both capital growth and income, believing that innovative businesses represent the best investments to meet either of these objectives. 

The managers believe that the traditional approach to income investing, focused on investing in companies with relatively high current yields, is challenged in today’s highly disruptive economy where many high yield companies face significant risks from disruptive change. Investing in innovative businesses presents a superior approach to income investing in these conditions.

Though not every great innovation is a great investment. In assessing an innovative business as an investment, it is essential to judge it not by its cleverness or novelty but simply by the value it creates for its customers and its ability to capture an adequate share of this value for its shareholders. Innovative businesses have the potential to deliver high investment returns because they can grow at a low cost of growth.

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: Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Liontrust Global Dividend 8.3 38.1 5.0 15.6 -1.0
MSCI World 15.4 38.4 -5.8 12.0 1.3
IA Global Equity Income 11.8 32.0 -9.8 8.5 -1.4
Quartile Ranking 4 2 1 1 3

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 -6.8 -6.3 -11.5 -12.2 -2.7 34.4 66.7 - 139.0
MSCI World -7.3 -2.8 -10.5 -10.4 3.6 34.7 59.0 - 204.1
IA Global Equity Income -3.0 -1.0 -3.0 -4.9 5.7 25.3 38.6 - 129.4
Quartile Ranking 4 4 4 4 4 1 1 - -

Source: FE fundinfo as at 20/05/2022. 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 (%)

ALPHABET INC 3.59
TENCENT HLDGS LTD 3.47
APPLE INC 3.27
STRYKER CORPORATION 3.16
DANAHER CORPORATION 3.13
SHERWIN-WILLIAMS CO 3.12
VISA INC 3.12
MORGAN STANLEY 3.12
INTUIT INC 3.11
ROPER TECHNOLOGIES INC 3.08

Sector Breakdown (%)

Information Technology 27.71
Financials 17.09
Consumer Discretionary 12.97
Communications 11.04
Health Care 8.74
Industrials 6.01
Materials 5.95
Consumer Staples 4.16
Real Estate 2.37
Energy 2.36
Utilities 1.39
Money Market 0.16

Geographic Breakdown (%)

USA
64.80
China
11.01
UK
8.06
Canada
4.62
Sweden
3.30
New Zealand
2.65
Netherlands
2.10
Germany
1.99
France
1.28
Money Market
0.16

Source: Liontrust as at 29/04/2022.

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
0.88%
Included within the OCF is the Annual Management Charge
0.75%
Fund insights

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.

 
Fund literature
Global Dividend Fund
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