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UK Equity Fund

Fund launch date 27/03/2003
Fund size £226,283,102.53
Number of holdings 50
Managed by current team for 21 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. 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
216.170p
Offer Price
-
Price Date
12/04/2024

Awards and Ratings

FEfundinfo Crown Rating FE fundinfo Crown Rating: 5

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

The fund manager applies a flexible investment process, which avoids inbuilt style biases and enables the team to pursue investment alpha regardless of economic and market conditions.
The fund manager focuses on shares that, in their view, offer the best risk/reward profiles, while ensuring the portfolio is well balanced and risk is carefully targeted.
The fund manager is first and foremost a stock picker although macro-economic research is also woven into the team’s bottom-up research.
The fund manager considers material risks and opportunities, which may include ESG, as part of their investment process.
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: Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Liontrust UK Equity 10.1 1.8 5.6 33.3 -21.3
FTSE All Share 8.4 2.9 13.0 26.7 -18.5

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 2.2 6.5 7.5 5.0 9.5 15.5 21.3 57.9 606.8
FTSE All Share 3.3 5.8 7.4 4.2 6.6 23.4 27.8 77.6 412.9

Source: FE fundinfo as at 12/04/2024. 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 (%)

SHELL PLC
8.02
COMPASS GROUP PLC
4.83
UNILEVER PLC
4.36
RENTOKIL INITIAL
3.97
HALEON PLC
3.87
GSK PLC
3.59
NATWEST GROUP PLC
3.54
ASTRAZENECA PLC
3.34
DUNELM GROUP PLC
2.95
3I GROUP
2.78

Sector Breakdown (%)

Industrials
23.50
Consumer Discretionary
17.00
Health Care
14.61
Financials
14.18
Consumer Staples
10.27
Energy
9.87
Technology
3.73
Utilities
2.57
Money Market
1.90
Basic Materials
1.39
Real Estate
0.93

Geographic Breakdown (%)

UK
91.92
USA
4.54
Cash & Cash Equivalents
1.90
Finland
1.36
Switzerland
0.25
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.

Fund Manager Insights

See all related
James de Uphaugh and Imran Sattar
Why there are plenty of opportunities among UK equities
icon 14 March 2024
Compass
Imran Satter Imran Sattar
Liontrust UK Focus Fund Q4 2023 video update
icon 19 January 2024
Imran Sattar
Imran Satter Imran Sattar
Liontrust UK Equity Fund Q4 2023 video update
icon 19 January 2024
Imran Sattar
Imran Satter Imran Sattar
Liontrust UK Equity Fund Q3 2023 video update
icon 26 October 2023
Imran Sattar

How to invest in Liontrust funds

Through a fund platform
Through a financial adviser
Direct with Liontrust

Key Risks 

Past performance does not predict future returns. You may get back less than you originally invested. 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 invest in emerging markets which carries a higher risk than investment in more developed countries. This may result in higher volatility and larger drops in the value of the fund over the short term. 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
UK Equity Fund
View latest fund update