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LF Global Focus Fund

Fund launch date 30/06/2014
Fund size $239,641,300.00
Number of holdings 48
Managed by current team for 7 years
Currently viewing:

The Fund

Managed by Tom Record, Tom Morris and Hong Yi Chen, the LF Liontrust Global Focus Fund is a concentrated global equities portfolio that was launched in 2014 and aims to deliver a total return after costs and charges, combining income and capital growth, in excess of its benchmark over any five-year period.

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
30/06/2014
Class Launch Date
30/06/2014
Comparator Benchmark 1
MSCI ACWI
Comparator Benchmark 2
IA Global
Price
Single Price
$1.672
Offer Price
-
Price Date
27/05/2022

Meet the team

Tom Record, Tom Morris and Hong Yi Chen joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management and are members of the Global Fundamental team. Prior to joining Majedie in 2014, Tom Record worked at Baillie Gifford for 12 years managing institutional portfolios. Tom Morris joined Majedie as a graduate in 2009 and is also responsible for co-managing the global long/short Tortoise Fund. Hong joined Majedie in 2010 as an Analyst on the graduate programme and also manages the GF US Equity Fund.

More about the team
Meet the tea

Our Investment Process

Each of the fund managers is responsible for an individual sub-portfolio, with the Fund reflecting the convictions of their different yet complementary bottom-up investment styles.
Ideas are generated from a wide range of sources, blending company-specific and economic analysis. 
The team embraces uncertainty, scouring markets for long-term opportunities where valuations and/or earnings are supressed by short-term issues and where long-run potential is underestimated. 
Deep fundamental research is at the heart of their process. 
The team has a collegiate culture that encourages active debate. 
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
LF Liontrust Global Focus -2.9 66.7 -12.8 6.3 15.6
MSCI ACWI 8.8 51.1 -10.0 5.6 11.2
IA Global 8.4 40.6 -6.0 9.0 2.7

Cumulative performance (%)

As at previous day end 1 month 3 months 6 months YTD 1 year 3 years 5 years 10 years Since Inception
LF Liontrust Global Focus -4.7 -8.0 -10.4 -14.1 -15.5 28.0 43.6 - 64.2
MSCI ACWI -2.1 -6.3 -10.5 -12.9 -4.8 35.9 53.9 - 92.2
IA Global -3.6 -3.2 -11.6 -12.4 -2.9 28.8 44.9 - 108.2

Source: FE fundinfo as at 26/05/2022. Performance figures are shown in USD. 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 (%)

FISERV INC 4.83
KONINKLIJKE KPN NV 4.71
MICROSOFT CORP 4.30
ZIMMER BIOMET HLDGS INC 4.06
ELECTRONIC ARTS 3.91
SOFTBANK GROUP CORP 3.46
HASBRO INC 3.42
ANTHEM, INC. 3.14
TAIWAN SEMICONDUCTOR MANUFACTURING CO. LTD. 3.04
SAMSUNG ELECTRONICS CO., LTD 2.80

Sector Breakdown (%)

Consumer Discretionary 16.59
Communications 16.48
Health Care 15.07
Information Technology 14.98
Industrials 10.36
Materials 9.76
Financials 9.59
Energy 2.76
Consumer Staples 2.27
Cash Derivatives 2.09

Geographic Breakdown (%)

USA
56.02
Netherlands
4.71
Japan
4.25
Italy
4.11
UK
4.01
Korea
3.91
Switzerland
3.15
Taiwan
3.04
Denmark
2.95
South Africa
2.71
France
2.56
Chile
2.17
Money Market
2.09
Peru
1.66
China
1.32
Panama
1.27

Source: Liontrust as at 29/04/2022.

Additional Information
Minimum initial investment
$100,000
Minimum additional investment
$5,000
Ex-dividend date
30 June, 31 December
Distribution date
31 August, 28 February
Sedol code
BN31TL4
ISIN code
GB00BN31TL46
Charges
Initial charge
-
Ongoing Charges Figure
0.85%
Included within the OCF is the Annual Management Charge
0.85%

How to invest in Liontrust funds

Through a fund platform
Through a financial adviser
Direct with Liontrust

For any new application or transfer enquiry, please email Link Group: investorservices@linkgroup.co.uk.

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 holds a concentrated portfolio of stocks, if the price of one of these stocks should move significantly, this may have a notable effect on the value of the portfolio.

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
LF Global Focus Fund
View latest fund update