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Sustainable Future UK Growth Fund

Single Price 256.160p as of 11/12/2024
Fund launch date 19/02/2001
Fund size £601,225,262.08
Number of holdings 50

The Fund

The Fund aims to deliver capital growth over the long term (5 years or more) using the Sustainable Future investment process to invest in companies incorporated, domiciled or which conduct significant business in the United Kingdom (UK). 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 well run companies whose products and operations capitalise on these transformative changes.

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
GB0030028764
Comparator Benchmark 1
MSCI United Kingdom
Comparator Benchmark 2
IA UK All Companies

Awards and Ratings

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
Morningstar Sustainability rated 4 Morningstar Sustainability 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 UK Growth 20.6 3.0 -30.4 30.2 -0.3
IA UK All Companies 14.2 12.8 -15.3 32.4 -12.8
MSCI United Kingdom 12.2 14.2 3.8 25.8 -19.8
Quartile Ranking 1 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 UK Growth 3.3 4.9 5.3 13.1 20.8 -9.9 11.3 82.2 242.9
IA UK All Companies 3.1 1.6 2.7 10.2 14.6 9.2 25.5 71.8 217.8
MSCI United Kingdom 2.8 1.3 2.0 10.7 13.5 29.4 38.6 85.0 225.1
Quartile Ranking 4 1 1 1 1 4 4 2 -

Source: FE fundinfo as at 10/12/2024. 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 (%)

3I GROUP
4.07
UNILEVER PLC
3.71
LONDON STOCK EXCHANGE GROUP PLC
3.68
COMPASS GROUP PLC
3.56
ASTRAZENECA PLC
3.33
HALEON PLC
3.11
SAGE GROUP
2.95
ASHTEAD GROUP
2.87
WISE PLC
2.85
NATWEST GROUP PLC
2.59

Sector Breakdown (%)

Financials
28.15
Industrials
21.76
Information Technology
10.76
Consumer Discretionary
10.15
Health Care
10.10
Consumer Staples
6.82
Communications
4.86
Materials
2.96
Utilities
2.66
Real Estate
1.14
Cash & Cash Equivalents
0.58

Geographic Breakdown (%)

UK
93.13
Ireland
4.24
USA
2.03
Cash & Cash Equivalents
0.58
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
3002876
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.

Sustainable Investment: Annual Review 2023

Read about the team’s investment performance and investee company engagement in 2023 and their 22 sustainable investment themes.

Meet the tea

Fund Manager Insights

See all related
Lionesses Peter Michaelis & Martyn Jones
Investing alongside science to deliver a sustainable world Science drives humanity's progress and investment opportunities
icon 21 November 2024
Space
Peter Michaelis Peter Michaelis
Maintaining the pressure on companies to decarbonise
icon 17 April 2024
Decarbonised world
Martyn Jones Martyn Jones
Alcon – Enabling healthier lifestyles One billion people live with a preventable vision impairment, a figure set to grow as the global population ages. This Stocktake from the Sustainable Investment team looks at Alcon, a market leader in ophthalmic surgery
icon 3 April 2024
Optometrist
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

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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. 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. The Fund may invest in companies listed on the Alternative Investment Market (AIM) which is primarily for emerging or smaller companies. The rules are less demanding than those of the official List of the London Stock Exchange and therefore companies listed on AIM may carry a greater risk than a company with a full listing. The Fund will invest in smaller companies and may invest a small proportion (less than 10%) of the Fund in unlisted securities. There may be liquidity constraints in these securities from time to time, i.e. in certain circumstances, the fund may not be able to sell a position for full value or at all in the short term. This may affect performance and could cause the fund to defer or suspend redemptions of its shares. 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 UK Growth Fund
View latest fund update
Holdings Holdings
Thematic breakdowns Thematic breakdown