Where are you?
  • Austria
  • Belgium
  • Denmark
  • Finland
  • France
  • Germany
  • Guernsey
  • Ireland
  • Italy
  • Jersey
  • Luxembourg
  • Malta
  • Netherlands
  • Norway
  • Portugal
  • Spain
  • Singapore
  • Sweden
  • Switzerland
  • United Kingdom
  • Rest of World
It looks like you’re in
Not your location?
And finally, please confirm the following details
I’m {role} in {country} and I agree to comply with the terms of the website.

LF Liontrust UK Equity Fund

Fund launch date 27/03/2003
Fund size £724,818,418.97
Number of holdings 164
Managed by current team for 19 years
Currently viewing:

The Fund

The LF Liontrust UK Equity Fund is constructed of four sub-portfolios, managed by James de Uphaugh, Chris Field, Imran Sattar and John King. Three of the sub-portfolios, which account for roughly 90% of the Fund, invest primarily in FTSE 350 stocks, while the fourth sub-portfolio invests in UK smaller companies. The team has the ability to invest up to 20% of the Fund in overseas equities. The Fund 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
27/03/2003
Class Launch Date
13/09/2012
Comparator Benchmark 1
FTSE All Share
Comparator Benchmark 2
IA UK All Companies
Price
Single Price
185.870p
Offer Price
-
Price Date
10/08/2022

Awards and Ratings

Morningstar Sustainability rated 4 Morningstar Sustainability Rating: 4

Meet the team

James de Uphaugh, Chris Field, Imran Sattar and John King joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management and are members of the Global Fundamental team. James, who has 34 years’ experience managing institutional portfolios, is also responsible for managing the Edinburgh Investment Trust. Chris, who has 35 years’ experience, also manages the LF Liontrust UK Income Fund, and is co-manager of the LF Liontrust UK Focus Fund and deputy manager of the Edinburgh Investment Trust. James and Chris co-founded Majedie in 2002, with colleagues from the UK team at Mercury Asset Management. Imran, who joined Majedie in 2018, has 25 years’ experience managing UK equity funds at Blackrock and Mercury Asset Management. He is also responsible for co-manging the LF Liontrust UK Focus Fund. John has 12 years’ industry experience and worked at AXA, Jefferies, UBS and N+1 Singer prior to joining Majedie in 2019.

More about the team
Meet the tea

Our Investment Process

Since the Fund’s inception in 2002, the four-manager investment team has consistently applied a flexible investment process, which avoids inbuilt style biases and enables the team to pursue investment alpha regardless of economic and market conditions. 
This flexible approach is the natural by-product of the multi-manager structure.
Fundamental analysis is at the core of the team’s approach. The team focuses on shares which, in their view, offer the best risk/reward profiles, whilst ensuring that the portfolio is well balanced and risk is carefully targeted.
ESG (environmental, social and governance) considerations are embedded across the investment approach. 
The fund managers are first and foremost stock pickers. However macro-economic research is also woven into the team’s bottom-up analysis.
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: Jun 22 Jun 21 Jun 20 Jun 19 Jun 18
LF Liontrust UK Equity -9.8 24.9 -11.4 -6.7 7.5
FTSE All Share 1.6 21.5 -13.0 0.6 9.0

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 UK Equity 4.9 2.4 -6.6 -9.3 -5.7 8.8 4.1 89.5 507.8
FTSE All Share 5.0 4.5 -1.4 0.8 4.6 15.4 22.1 94.9 122.3

Source: FE fundinfo as at 10/08/2022. 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 (%)

SHELL PLC 7.12
ASTRAZENECA PLC 4.64
NATWEST GROUP PLC 3.37
UNILEVER PLC 3.11
RS GROUP PLC 2.80
3I GROUP PLC ORD 2.71
RELX PLC 2.71
COMPASS GROUP PLC 2.54
TESCO 2.54
ASHTEAD GROUP 2.48

Sector Breakdown (%)

Industrials 26.22
Consumer Discretionary 17.62
Financials 14.50
Consumer Staples 10.00
Health Care 9.55
Energy 7.76
Technology 6.28
Basic Materials 2.90
Money Market 2.45
Utilities 1.68
Telecommunications 0.99

Geographic Breakdown (%)

UK
90.20
Money Market
2.45
USA
2.30
Switzerland
1.46
Netherlands
1.09
France
0.96
Canada
0.84
Ireland
0.44
Italy
0.22

Source: Liontrust as at 29/07/2022.

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
B88NK73
ISIN code
GB00B88NK732
Charges
Initial charge
-
Ongoing Charges Figure
0.65%
Included within the OCF is the Annual Management Charge
0.65%

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.

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 UK Equity Fund
View latest fund update