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Sustainable Future European Growth Fund

Single Price 276.860p as of 04/10/2024
Fund launch date 19/02/2001
Fund size £236,603,225.18
Number of holdings 42

The Fund

The Fund aims to deliver capital growth over the long term (5 years or more) using the Sustainable Future investment process. This 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 European equities whose products and operations capitalise on these transformative changes. The Fund can invest up to 5% in UK-listed stocks.

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
19/02/2001
Managed by Current Team for
23 years
Class Launch Date
19/02/2001
ISIN code
GB0030029390
Comparator Benchmark 1
MSCI Europe ex UK
Comparator Benchmark 2
IA Europe Excluding UK

Citywire fund manager rating Citywire Manager Rating: +
FE Approved Fund FE Investments Approved
Morningstar Analyst Rating Morningstar Analyst Rating: Silver
Morningstar Rating Morningstar Rating: 4
Rayner Spencer Mills RSMR Responsible Rated Fund
3D Investing 3D Investing Rating: A

Meet the team

Peter Michaelis, who is Head of the Liontrust Sustainable Investment team, and Martyn Jones 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 Liontrust, Martyn spent five years at ATI, initially as a graduate trainee and then as an analyst with the Sustainable Investment team. Martyn has an MA (Hons) in Management from the University of Glasgow and a Masters in Sustainability Leadership at the University of Cambridge.

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: Sep 24 Sep 23 Sep 22 Sep 21 Sep 20
Liontrust Sustainable Future European Growth 16.4 6.3 -34.4 24.1 16.9
IA Europe Excluding UK 14.6 18.7 -16.1 22.4 3.1
MSCI Europe ex UK 14.5 19.0 -12.8 20.9 -0.5
Quartile Ranking 2 4 4 2 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 European Growth 1.1 -1.2 -2.9 2.4 17.9 -18.8 18.7 92.0 269.1
IA Europe Excluding UK 0.2 -1.7 -1.3 5.0 16.2 14.6 46.3 125.1 288.4
MSCI Europe ex UK 0.0 -1.5 -0.8 5.9 16.5 19.9 45.1 123.0 265.9
Quartile Ranking 1 2 4 4 2 4 4 4 -

Source: FE fundinfo as at 04/10/2024. 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 (%)

ASML HOLDING N.V.
5.20
ALCON AG
4.79
TRYG AS
3.66
LIFCO AB (PUBL)
3.51
SPOTIFY TECHNOLOGY S A
3.48
QIAGEN N.V.
3.42
D`IETEREN GROUP
3.26
UNILEVER PLC
3.18
SIEMENS AKTIENGESELLSCHAFT
3.10
NAGARRO SE
2.97

Sector Breakdown (%)

Health Care
20.70
Information Technology
20.30
Financials
17.67
Consumer Discretionary
14.08
Industrials
13.55
Communications
6.06
Consumer Staples
5.38
Materials
2.34
Money Market
-0.13

Geographic Breakdown (%)

Germany
17.21
Netherlands
15.75
Switzerland
14.85
Denmark
10.85
Sweden
8.33
Italy
6.65
UK
5.09
Norway
4.10
Luxembourg
3.48
Belgium
3.26
France
2.92
Ireland
2.75
Canada
2.63
USA
2.20
Cash & Cash Equivalents
-0.13
Source: FE fundinfo
Additional Information
Minimum initial investment
£500,000
Minimum additional investment
£25,000
Ex-dividend date
1 February (Final), 1 August
Distribution date
31 March (Final), 30 September
Sedol code
3002939
Charges
Initial charge
-
Ongoing Charges Figure
0.87%
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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Q4

2019

Q1

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Q3

Q4

2018

Q1

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Q4

2017

Q1

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Q3

Q4

2016

Q1

Q2

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Q4

2015

Q1

Q2

Q3

Q4

Liontrust Sustainable Future Funds

Download >

 

Liontrust UK Ethical Fund

Download >

Fund Manager Insights

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Peter Michaelis Peter Michaelis
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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. 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 European Growth Fund
View latest fund update
Holdings Holdings
Thematic breakdowns Thematic breakdown