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UK Equity Fund

Fund launch date 27/03/2003
Fund size £292,585,526.74
Number of holdings 53
Managed by current team for 20 years
Currently viewing:

The Fund

The Liontrust UK Equity Fund is managed by Imran Sattar. The Fund invests primarily in FTSE 350 stocks, with the flexibility to invest up to 20% of net asset value in shares listed outside the UK. It also incorporates a dedicated investment in smaller companies. 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.

You are able to redeem your investment from the Fund at any time and there is no exit fee for doing so.

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
27/03/2003
Class Launch Date
13/09/2012
Comparator Benchmark 1
FTSE All Share
Comparator Benchmark 2
IA UK All Companies
Price
Single Price
199.495p
Offer Price
-
Price Date
08/12/2023

Awards and Ratings

Morningstar Sustainability rated 4 Morningstar Sustainability Rating: 4

Meet the manager

Imran Sattar joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management and is a member of the Global Fundamental team. 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 manging the Liontrust UK Focus Fund and is deputy portfolio manager for Edinburgh Investment Trust.

Meet the tea

Our Investment Process

Since the Fund’s inception in 2002, the investment team has consistently applied a flexible investment process, which avoids inbuilt style biases and enables the team to pursue investment alpha regardless of economic and market conditions. 
Fundamental analysis is at the core of the team’s approach. The team focuses on shares which, in their view, offer the best risk/reward profiles, whilst ensuring that the portfolio is well balanced and risk is carefully targeted.
The fund manager is first and foremost a stock picker. However macro-economic research is also woven into the team’s bottom-up analysis.
ESG (environmental, social and governance) considerations are embedded across the investment approach. 
The Fund is ‘focused’, containing relatively fewer holdings than those included in their benchmark indexes because the stocks are selected based on the high convictions of the investment team. Whether Fund outperforms or underperforms its benchmark depends on the investment team’s stock selections. While the Fund chooses stocks based on a long-term view of three to five years, they may underperform over the shorter periods because of short-term challenges.
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 fund launch date

Discrete performance (%)

As at previous quarter 12 months ending: Sep 23 Sep 22 Sep 21 Sep 20 Sep 19
Liontrust UK Equity 20.2 -15.8 30.0 -13.9 -2.9
FTSE All Share 13.8 -4.0 27.9 -16.6 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
Liontrust UK Equity 3.8 0.9 -0.5 7.9 7.4 17.0 19.8 50.4 552.3
FTSE All Share 2.9 1.8 0.9 4.8 4.8 23.9 32.6 68.6 378.4

Source: FE fundinfo as at 08/12/2023. 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 8.07
CENTRICA PLC 3.85
COMPASS GROUP PLC 3.74
ASTRAZENECA PLC 3.62
UNILEVER PLC 3.55
HALEON PLC 3.38
RENTOKIL INITIAL PLC 3.32
ASHTEAD GROUP 3.08
GSK PLC 3.00
NATWEST GROUP PLC 2.95

Sector Breakdown (%)

Industrials 23.40
Consumer Discretionary 17.11
Health Care 14.44
Financials 13.70
Energy 9.96
Consumer Staples 8.35
Utilities 3.85
Technology 3.53
Basic Materials 2.63
Money Market 1.59
Real Estate 1.40

Geographic Breakdown (%)

UK
92.04
USA
3.70
Cash & Cash Equivalents
1.59
Finland
1.22
Switzerland
0.91
Canada
0.51

Source: Liontrust as at 30/11/2023.

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
B88NK73
ISIN code
GB00B88NK732
Charges
Initial charge
-
Ongoing Charges Figure
0.65%
Included within the OCF is the Annual Management Charge
0.65%

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

How to invest in Liontrust funds

Through a fund platform
Through a financial adviser
Direct with Liontrust

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.

Fund literature
UK Equity Fund
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