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Global Dividend Fund

Single Price 334.410p as of 24/05/2024
Fund launch date 20/12/2012
Fund size £387,262,204.05
Number of holdings 41

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.

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
31/08/2017
Managed by Current Team for
6 years
Class Launch Date
20/12/2012
ISIN code
GB00B9225P64
Comparator Benchmark 1
MSCI World
Comparator Benchmark 2
IA Global Equity Income

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: Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Liontrust Global Dividend 23.4 -0.8 8.3 38.1 5.0
IA Global Equity Income 13.3 2.3 11.8 32.0 -9.8
MSCI World 22.5 -1.0 15.4 38.4 -5.8
Quartile Ranking 1 3 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 Dividend 4.9 4.7 19.4 13.5 24.7 36.0 86.1 179.7 235.7
IA Global Equity Income 2.2 4.0 11.7 7.4 13.2 28.2 52.3 128.4 179.2
MSCI World 1.7 3.7 13.9 9.8 21.4 36.8 78.2 220.8 301.2
Quartile Ranking 1 2 1 1 1 1 1 1 -

Source: FE fundinfo as at 23/05/2024. 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 (%)

APPLE INC.
4.39
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
4.28
ASML HOLDING N.V.
3.47
NVIDIA CORP
3.46
META PLATFORMS, INC.
3.44
ELI LILLY AND COMPANY
3.38
BROADCOM INC
3.23
SCHNEIDER ELECTRIC SE
3.16
L`OREAL
3.15
BHP GROUP LIMITED
3.10

Sector Breakdown (%)

Information Technology
34.93
Health Care
11.64
Consumer Discretionary
10.79
Industrials
9.62
Consumer Staples
8.38
Financials
7.34
Communications
5.37
Energy
3.92
Materials
3.10
Utilities
2.92
Real Estate
1.54
Money Market
0.40

Geographic Breakdown (%)

USA
51.39
France
7.75
Netherlands
6.36
China
5.80
UK
5.53
Switzerland
5.03
Taiwan
4.28
Australia
3.10
Denmark
2.94
Canada
2.62
Sweden
2.62
Bermuda
0.91
Ireland
0.69
Germany
0.52
Cash & Cash Equivalents
0.40
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
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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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. The level of income is not guaranteed.

 

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 Dividend Fund
View latest fund update