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Global Smaller Companies

Single Price 252.250p as of 11/07/2024
Fund launch date 31/12/2007
Fund size £22,935,076.17
Number of holdings 46

The Fund

The Liontrust Global Smaller Companies Fund is managed by David Goodman. The Fund aims to generate capital growth over the long term (5 years or more). The Fund invests at least 80% of the portfolio in shares of small sized companies across the world. These are companies which, at the time of purchase, have a market capitalisation of under £10 billion.

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
2 months
Class Launch Date
30/06/2016
ISIN code
GB00B29MXF68
Comparator Benchmark 2
IA Global

Awards and Rating

Morningstar Rating Morningstar Rating: 4

Meet the manager

David joined Liontrust in 2024 from GAM where he was responsible for applying technical analysis to assist with portfolio construction and risk management. Between starting his career trading equity derivatives for Citigroup and joining GAM in 2009, he has held numerous senior positions at such companies as SEB, Marshall Wace, Instinet Alpha and Pali International.

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 manager inception date (%)

Discrete performance (%)

As at previous quarter 12 months ending: Jun 24 Jun 23 Jun 22 Jun 21 Jun 20
Liontrust Global Smaller Companies 10.1 14.0 -26.1 31.3 20.0
IA Global 14.9 10.8 -8.8 25.9 5.4
Quartile Ranking 4 2 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 Smaller Companies -2.0 -5.4 3.1 1.1 9.0 -7.2 38.0 164.3 152.3
IA Global 1.4 2.1 10.2 8.9 17.4 16.1 50.9 161.9 242.8
Quartile Ranking 4 4 4 4 4 4 4 2 -

Source: FE fundinfo as at 11/07/2024. 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 (%)

FRONTDOOR INC
5.36
IONIS PHARMACEUTICALS, INC.
4.06
MAKEMYTRIP LTD
3.80
ADVANCED DRAINAGE SYSTEMS, INC.
3.79
VERRA MOBILITY CORPORATION
3.49
FEVERTREE DRINKS PLC
3.45
COPA HOLDINGS SA
3.41
BRINKS
3.41
VERTIV HOLDINGS CO
3.31
BRIGHT HORIZONS FAMILY SOLUTIONS
3.15

Sector Breakdown (%)

Industrials
33.82
Consumer Discretionary
25.65
Health Care
12.89
Information Technology
9.42
Consumer Staples
9.11
Financials
4.27
Materials
2.01
Money Market
1.49
Communications
1.30

Geographic Breakdown (%)

USA
52.77
Japan
12.80
UK
10.88
India
3.80
Panama
3.41
Denmark
2.81
Israel
2.17
Peru
2.09
China
2.02
Switzerland
1.86
Norway
1.72
Cash & Cash Equivalents
1.49
Italy
1.47
Korea
0.64
Source: FE fundinfo
Additional Information
Minimum initial investment
£250,000
Minimum additional investment
£0
Ex-dividend date
1 January
Distribution date
28 February (Final)
Sedol code
B29MXF6
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. As the Fund is primarily exposed to smaller companies there may be liquidity constraints 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. In addition the spread between the price you buy and sell units 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.

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 Smaller Companies Fund
View latest fund update