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Global Technology Fund

Single Price 531.560p as of 19/07/2024
Fund launch date 15/12/2015
Fund size £226,781,996.23
Number of holdings 44

The Fund

The Global Technology Fund is lead managed by Storm Uru and James Dowey since February 2023. 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 technology companies around the world. 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 technology 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.

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
08/02/2023
Managed by Current Team for
1 year
Class Launch Date
15/12/2015
ISIN code
GB00BYXZ5N79
Comparator Benchmark 1
MSCI World/Information Technology
Comparator Benchmark 2
IA Technology & Technology Innovation

Awards and Ratings

Morningstar Rating Morningstar Rating: 4

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.

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 Technology Fund invests in high quality technology companies with big growth opportunities ahead, strong barriers to competition and exceptional potential for high long-term stock returns
The team looks for four characteristics in every technology 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 class launch date (%)

Discrete performance (%)

As at previous quarter 12 months ending: Jun 24 Jun 23 Jun 22 Jun 21 Jun 20
Liontrust Global Technology 42.0 29.1 -19.5 29.1 27.4
IA Technology & Technology Innovation 30.0 21.1 -20.7 33.2 30.7
MSCI World/Information Technology 38.9 30.7 -8.2 27.7 36.7
Quartile Ranking 1 1 2 4 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 Technology -4.8 13.1 19.1 20.4 27.3 41.3 120.6 - 431.6
IA Technology & Technology Innovation -2.7 7.7 10.5 12.9 22.3 22.2 101.3 - 316.5
MSCI World/Information Technology -4.8 15.9 16.3 22.0 31.2 59.6 168.9 - 528.6
Quartile Ranking 4 1 1 1 2 1 2 - -

Source: FE fundinfo as at 19/07/2024. 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 (%)

NVIDIA CORP
8.30
BROADCOM INC
5.72
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
5.43
ADVANCED MICRO DEVICES, INC.
4.90
APPLE INC.
4.31
LAM RESEARCH CORPORATION
4.11
TESLA, INC.
3.99
APPLIED MATERIALS, INC.
3.96
DELL TECHNOLOGIES INC
3.70
ARISTA NETWORKS, INC
2.94

Sector Breakdown (%)

Information Technology
91.91
Consumer Discretionary
3.99
Communications
1.69
Health Care
1.13
Financials
1.11
Money Market
0.15

Geographic Breakdown (%)

USA
74.13
Taiwan
9.24
Netherlands
4.49
Italy
2.41
Korea
2.31
Israel
2.23
France
1.68
UK
1.48
Cayman Islands
1.05
Canada
0.77
Cash & Cash Equivalents
0.15
Source: FE fundinfo
Additional Information
Minimum initial investment
£250,000
Minimum additional investment
£0
Ex-dividend date
1 January
Distribution date
28 February
Sedol code
BYXZ5N7
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.

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. This Fund may have a concentrated portfolio. If one of these investments or sectors / factors fall in value this can have a greater impact on the Fund's value than if it held a larger number of investments across a more diversified portfolio. 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.

 

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 Technology Fund
View latest fund update