The Fund
The Fund is lead managed by James Dowey since July 2019 and Storm Uru 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 high quality innovative companies around the world in any sector of the market. The Fund has a formal objective of delivering strong long-term (5 years or more) capital growth, which the team seeks to deliver through the powerful fundamentals of the innovative companies in which it invests, namely strong growth, strong barriers to competition and resilience and adaptability in tough times.
You are able to redeem your investment from the Fund at any time and there is no exit fee for doing so.
Awards and Ratings
RSMR Rated Fund
Meet the team
James Dowey, Storm Uru, 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.
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 Innovation | 5.3 | -24.3 | 19.5 | 29.9 | 2.0 |
| IA Global | 7.8 | -8.9 | 23.2 | 7.2 | 6.0 |
| Quartile Ranking | 4 | 4 | 4 | 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 Innovation | 6.3 | 1.0 | 2.7 | 20.3 | 16.9 | -4.2 | 45.0 | 123.9 | 591.7 |
| IA Global | 3.3 | 1.6 | 2.7 | 8.5 | 7.9 | 14.3 | 52.2 | 137.8 | 323.7 |
| Quartile Ranking | 1 | 3 | 3 | 1 | 1 | 4 | 3 | 3 | - |
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 | 4.32 |
|---|---|
| TESLA, INC. | 4.32 |
| NVIDIA CORP | 4.16 |
| PDD HOLDINGS INC | 3.42 |
| VITEC SOFTWARE GROUP AB | 3.35 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 3.20 |
| CADENCE DESIGN SYSTEMS INC | 2.85 |
| MICRON TECHNOLOGY, INC. | 2.83 |
| MARVELL TECHNOLOGY INC | 2.74 |
| SHOPIFY INC. NPV SUBORDINATED A | 2.71 |
Sector Breakdown (%)
| Information Technology | 57.45 | |
|---|---|---|
| Consumer Discretionary | 14.81 | |
| Health Care | 10.01 | |
| Communications | 7.15 | |
| Financials | 4.63 | |
| Industrials | 2.94 | |
| Consumer Staples | 2.54 | |
| Real Estate | 0.31 | |
| Money Market | 0.12 |
Geographic Breakdown (%)
| USA |
77.44
|
|---|---|
| Canada |
4.26
|
| Netherlands |
4.10
|
| Ireland |
3.42
|
| Sweden |
3.35
|
| Taiwan |
3.20
|
| Switzerland |
1.74
|
| Luxembourg |
1.29
|
| UK |
1.05
|
| Cash & Cash Equivalents |
0.12
|
For more information on the OCF, see our costs and charges page.
Fund Manager Insights
James Dowey
Storm Uru
Clare Pleydell-Bouverie
Storm Uru
How to invest in Liontrust funds
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. The Fund may invest in emerging markets/soft currencies or in financial derivative instruments, both of which may have the effect of increasing volatility.
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.
