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.
Awards and Ratings
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.
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 UK Equity | 5.6 | 33.3 | -21.3 | 2.9 | -3.1 |
| FTSE All Share | 13.0 | 26.7 | -18.5 | 6.4 | 1.2 |
| IA UK All Companies | 5.4 | 38.0 | -19.2 | 2.9 | 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 UK Equity | -4.0 | -4.6 | -8.7 | -9.7 | -2.4 | 7.4 | 3.4 | 107.4 | 504.8 |
| FTSE All Share | -3.1 | -1.3 | 0.6 | -1.4 | 5.6 | 12.9 | 19.6 | 113.2 | 348.4 |
| IA UK All Companies | -3.8 | -4.3 | -7.2 | -8.4 | -2.7 | 10.2 | 15.2 | 111.9 | 326.6 |
Current positioning
Top 10 Holdings (%)
| SHELL PLC | 7.23 |
|---|---|
| ASTRAZENECA PLC | 4.41 |
| NATWEST GROUP PLC | 3.06 |
| 3I GROUP PLC ORD | 2.87 |
| RELX PLC | 2.78 |
| UNILEVER PLC | 2.78 |
| RS GROUP PLC | 2.78 |
| COMPASS GROUP PLC | 2.52 |
| TESCO | 2.40 |
| ASCENTIAL PLC | 2.37 |
Sector Breakdown (%)
| Industrials | 24.70 | |
|---|---|---|
| Consumer Discretionary | 18.92 | |
| Financials | 13.79 | |
| Consumer Staples | 10.58 | |
| Health Care | 8.92 | |
| Energy | 7.88 | |
| Technology | 6.17 | |
| Basic Materials | 3.58 | |
| Cash Derivatives | 3.05 | |
| Utilities | 1.69 | |
| Telecommunications | 0.68 |
Geographic Breakdown (%)
| UK |
89.07
|
|---|---|
| Money Market |
3.05
|
| USA |
2.71
|
| Switzerland |
1.47
|
| Netherlands |
1.14
|
| France |
0.93
|
| Canada |
0.85
|
| Ireland |
0.50
|
| Denmark |
0.24
|
How to invest in Liontrust funds
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.