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Sustainable Future Cautious Managed Fund

Single Price 149.860p as of 19/07/2024
Fund launch date 22/07/2014
Fund size £785,199,494.34
Number of holdings 159

The Fund

The Fund aims to deliver capital growth, as well as some level of income, over the long term (5 years or more) using the Sustainable Future process and investing in a combination of global equities, bonds and cash. The investment process uses a thematic approach to identify the key structural growth trends that will shape the global economy of the future and the fund managers then seek to invest in well run companies whose products and operations capitalise on these transformative changes. All investments will be expected to conform to our ESG criteria.

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
23/07/2014
Managed by Current Team for
10 years
Class Launch Date
23/07/2014
ISIN code
GB00BMN90304
Comparator Benchmark 1
IA Mixed Investment 40-85% Shares

Awards and Ratings

Professional Adviser Awards 2022 - Best ESG Solution for Advisers Professional Adviser Awards 2022 Best ESG Solution for Advisers
Citywire fund manager rating Citywire Manager Rating: +
Morningstar Analyst Rating Morningstar Analyst Rating: Silver
Morningstar Fund Rating: 5 Morningstar Rating: 5
Morningstar Sustainability rated 5 Morningstar Sustainability Rating: 5
Rayner Spencer Mills RSMR Rated Fund
Rayner Spencer Mills RSMR Responsible Rated Fund
Square Mile Responsible R Square Mile Responsible Rating: R
3D Investing 3D Investing Certified Fund

Meet the team

Peter Michaelis, who is Head of the Liontrust Sustainable Investment team, and Simon Clements joined Liontrust in April 2017 as part of the acquisition of Alliance Trust Investments (ATI). Peter has been managing money in Sustainable and Responsible Investment for over 20 years when he was promoted to lead Portfolio Manager at Aviva Investors, before being made Head of Sustainable and Responsible Investment. Prior to managing funds at ATI for five years, Simon spent 12 years at Aviva Investors where latterly he was Head of Global Equities. 

Meet the tea

Our Investment Process

The investment process seeks to generate strong returns from investing in companies aiming to deliver profits through positive social and environmental impacts. The fund managers look at the world through the prism of three mega trends – Better resource efficiency (cleaner), Improved health (healthier) and Greater safety and resilience (safer) – and then 22 themes within these.
If a company has significant exposure to one of the themes, the fund managers verify how sustainable the rest of its activities are. For each company, the fund managers determine the key ESG factors that are important indicators of future success and assess how well these are managed, via the proprietary Liontrust Sustainability Matrix.
Companies in which the fund managers invest will have robust business fundamentals with a proven ability to deliver high returns on equity (RoE) through sustaining margins and asset turnover. Typically, these companies have a maintainable competitive advantage through scale, technology or business model.
The fund managers invest in well-run companies whose products and operations capitalise on the transformative changes the Liontrust Sustainable Investment team has highlighted, may benefit financially from them and score well on ESG, business fundamentals and valuation. The managers believe identifying these powerful themes and investing in exposed companies can make for attractive and sustainable investments.
The Fund invests in quality businesses tackling the world’s most challenging problems with innovative solutions and these companies, with strong long-term growth prospects, are therefore often designated as ‘growth stocks’. Due to this focus, the Fund may underperform the market on a relative basis during periods of rising inflation and interest rates and when quality growth stocks are out of favour.
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 manager inception date (%)

Discrete performance (%)

As at previous quarter 12 months ending: Jun 24 Jun 23 Jun 22 Jun 21 Jun 20
Liontrust Sustainable Future Cautious Managed 9.6 0.6 -14.0 15.2 7.5
IA Mixed Investment 40-85% Shares 11.8 3.3 -7.2 17.3 -0.1
Quartile Ranking 4 4 4 3 1

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 Sustainable Future Cautious Managed -0.4 2.3 4.2 1.7 7.1 -6.0 15.4 - 79.7
IA Mixed Investment 40-85% Shares 0.5 4.2 8.0 6.2 11.1 7.7 24.0 - 72.5
Quartile Ranking 4 4 4 4 4 4 4 - -

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 (%)

HIS MAJESTY`S TREASURY 0.875% GREEN GILT 31/07/33 GBP0.01
13.55
HIS MAJESTY`S TREASURY 1.5% GREEN GILT 31/07/53 GBP0.01
3.23
CADENCE DESIGN SYSTEMS, INC.
1.47
RINGKJOEBING LANDBOBANK
1.32
VISA INC.
1.31
MICROSOFT CORPORATION
1.25
3I GROUP
1.24
ASTRAZENECA PLC
1.21
ASML HOLDING N.V.
1.10
THERMO FISHER SCIENTIFIC INC.
1.09

Sector Breakdown (%)

Financials
31.49
Government Bonds
16.79
Information Technology
11.95
Health Care
9.89
Industrials
9.03
Consumer Discretionary
4.86
Telecommunications Utilities
2.41
Communications
2.37
Utilities
2.16
Materials
1.99
Money Market
1.96
Consumer Staples
1.65
Mutual Funds
1.62
Real Estate
1.26
Energy
0.29
Infrastructure
0.22

Geographic Breakdown (%)

UK
55.47
USA
26.40
Netherlands
3.28
Denmark
2.07
Cash & Cash Equivalents
1.96
France
1.58
Luxembourg
1.58
Ireland
1.49
Japan
1.48
Switzerland
1.47
Germany
1.35
Spain
0.86
Sweden
0.62
Italy
0.32
Source: FE fundinfo
Additional Information
Minimum initial investment
£500,000
Minimum additional investment
£25,000
Ex-dividend date
1 February, 1 August
Distribution date
30 March, 30 September (Final)
Sedol code
BMN9030
Charges
Initial charge
-
Ongoing Charges Figure
0.86%
Included within the OCF is the Annual Management Charge
0.75%

For more information on the OCF, see our costs and charges page.

Additional resources

The Sustainable team’s Annual Review covers the Sustainable Future process, performance, and work across impact measurement and engagement during 2022

Download >

The Sustainable team’s latest Engagement and Voting Review covers the work done to drive improvement in the businesses held across the Sustainable Future funds and progress made on proactive engagement initiatives during 2021.

Download >

2021

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2020

Q1

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2019

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2018

Q1

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2017

Q1

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2016

Q1

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2015

Q1

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Liontrust Sustainable Future Funds

Download >

 

Liontrust UK Ethical Fund

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Fund Manager Insights

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Lionesses Simon Clements & Chris Foster
A postcard from Japan: enabling the sustainable transition Japanese companies continue to deliver technological breakthroughs
icon 9 July 2024
Tokyo
Peter Michaelis Peter Michaelis
Maintaining the pressure on companies to decarbonise
icon 17 April 2024
Decarbonised world
Simon Clements Simon Clements
Why World Water Day matters On World Water Day fund manager Simon Clements discusses why improving the management of water is a key theme for the Sustainable Future team
icon 21 March 2024
Agriculture
Peter Michaelis Peter Michaelis
Investing in companies that will drive decarbonisation As the UK Climate Change Committee urges the government not to loosen decarbonisation targets, Peter Michaelis highlights the companies that could be key to maintaining a path to Net Zero.
icon 29 February 2024
Renewable wind farm
Peter Michaelis Peter Michaelis
A sustainable and prosperous 2024 2023 saw bleak headlines of war and climate change but there are reasons for optimism says Peter Michaelis, head of the Sustainable Investment team. He points to lower air pollution, reduced coal usage and the healing of the ozone layer.
icon 31 January 2024
Flower
Simon Clements Simon Clements
Postcard from the US: a look over the water
icon 4 December 2023
Water road

How to invest in Liontrust funds

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Key Risks 

Past performance does not predict future returns. You may get back less than you originally invested. All investments will be expected to conform to our social and environmental criteria. 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. Bonds are affected by changes in interest rates and their value and the income they generate can rise or fall as a result; the creditworthiness of a bond issuer may also affect that bond's value. Bonds that produce a higher level of income usually also carry greater risk as such bond issuers may have difficulty in paying their debts. The value of a bond would be significantly affected if the issuer either refused to pay or was unable to pay. 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. ESG Risk: In reference to any component (where applicable) of a fund's investment process that uses external ESG data, there may be limitations to the availability, completeness or accuracy of ESG information from third-party providers, or inconsistencies in the consideration of ESG factors across different third party data providers, given the evolving nature of ESG. There is no guarantee that an absolute return will be generated over a three year time period or within another time period.

 

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
Sustainable Future Cautious Managed Fund
View latest fund update
Holdings Holdings
Thematic breakdowns Thematic breakdown