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LF UK Equity Income Fund

Fund launch date 19/12/2011
Fund size £58,458,600.00
Number of holdings 30
Managed by current team for 1 year
Currently viewing:

The Fund

Managed by Chris Field, the LF Liontrust UK Equity Income Fund is a focused, high-conviction UK equity income fund which has the flexibility to invest up to 20% in overseas equities. The Fund aims to deliver an income yield and total return in excess of its benchmark.

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
01/05/2021
Class Launch Date
19/12/2011
Comparator Benchmark 1
FTSE All Share
Comparator Benchmark 2
IA UK Equity Income
Price
Single Price
138.540p
Offer Price
-
Price Date
23/05/2022

Meet the team

Chris Field has 35 years’ experience managing funds and co-founded Majedie in 2002 with colleagued from the UK desk at Mercury Asset Management. Chris is also co-manager of the LF Liontrust UK Equity and LF Liontrust UK Focus strategies and is deputy manager of the Edinburgh Investment Trust. 

More about the team
Meet the tea

Our Investment Process

Chris seeks opportunities across the market spectrum, giving him the flexibility to add value throughout the economic and market cycle. 
His approach involves in-depth company and industry analysis to identify businesses whose share prices exhibit a “valuation gap” and appear to be below their long-term worth. 
He is particularly interested in businesses whose potential is misunderstood by the market and his flexible approach enables him to select unloved value stocks and remain invested after they had transitioned to a growth footing, with valuations rising accordingly.
In Chris’s view, every business needs to have a credible roadmap to continued success and he favours companies with excellent management, highly competitive business strategies, robust cash generation and sensible capital allocation policies. 
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 UK Equity Income 10.2 24.3 -22.7 2.7 4.3
FTSE All Share 13.0 26.7 -18.5 6.4 1.2
IA UK Equity Income 10.8 32.6 -20.6 3.6 0.3

Cumulative performance (%)

As at previous day end 1 month 3 months 6 months YTD 1 year 3 years 5 years 10 years Since Inception
LF Liontrust UK Equity Income -3.6 -1.8 -2.6 -3.3 3.8 2.5 6.7 137.0 136.4
FTSE All Share -3.1 -1.3 0.6 -1.4 5.6 12.9 19.6 113.2 115.7
IA UK Equity Income -1.9 -0.5 0.2 -1.6 4.1 14.7 14.6 112.0 116.9

Source: FE fundinfo as at 20/05/2022. 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 9.24
ESSENTRA PLC 5.26
SERCO GROUP PLC 4.96
CURRYS PLC 4.66
ASCENTIAL PLC 4.64
RS GROUP PLC 4.39
ASTRAZENECA PLC 4.04
WEIR GROUP PLC (THE) 3.76
NATIONAL EXPRESS GROUP 3.55
BAE SYSTEMS 3.50

Sector Breakdown (%)

Industrials 33.08
Consumer Discretionary 18.64
Financials 14.84
Energy 9.24
Technology 6.48
Basic Materials 4.95
Health Care 4.04
Consumer Staples 3.30
Utilities 3.15
Cash Derivatives 2.23

Geographic Breakdown (%)

UK
95.61
Money Market
2.23
USA
2.14

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
B7XCNP7
ISIN code
GB00B7XCNP79
Charges
Initial charge
-
Ongoing Charges Figure
0.65%
Included within the OCF is the Annual Management Charge
0.65%
Fund insights
See all related

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 UK Equity Income Fund
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