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UK Ethical Fund

Fund launch date 10/05/1999
Fund size £729,215,211.41
Number of holdings 44
Managed by current team for 21 years
Currently viewing:

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 well run companies whose products and operations capitalise on these transformative changes. The Fund invests in companies incorporated, domiciled or which conduct significant business in the United Kingdom (UK).

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.
Key Information
Manager Inception Date of Fund
01/12/2000
Class Launch Date
10/05/1999
Comparator Benchmark 1
MSCI United Kingdom
Comparator Benchmark 2
IA UK All Companies
Price
Single Price
317.790p
Offer Price
-
Price Date
27/05/2022

Awards and Ratings

Citywire fund manager rating Citywire Manager Rating: A
FEfundinfo Crown Rating FE fundinfo Crown Rating: 4
Morningstar Fund Rating: 5 Morningstar Rating: 5
Morningstar Sustainability rated 4 Morningstar Sustainability Rating: 4
3D Investing 3D Investing Rating: A

Meet the team

Peter Michaelis, who is Head of the 17-strong 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.

More about the team
Meet the tea

"Over our first 20 years of managing the SF funds, our investments have been successful because they have provided something society needs and this will hold true for the next 20 and beyond."

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 20 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.
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.

Performance

Performance since manager inception date (%)

Discrete performance (%)

As at previous quarter 12 months ending: Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Liontrust UK Ethical -7.7 45.2 -7.6 6.6 10.9
MSCI United Kingdom 19.1 20.0 -19.1 7.6 -0.2
IA UK All Companies 5.4 38.0 -19.2 2.9 2.7
Quartile Ranking 4 1 1 1 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 UK Ethical -0.8 -2.0 -13.7 -16.6 -15.2 10.5 28.9 167.6 323.7
MSCI United Kingdom 2.5 3.5 12.1 6.6 15.1 16.7 21.7 104.8 164.9
IA UK All Companies 0.5 0.5 -3.0 -6.5 -1.8 12.9 16.2 115.7 199.3
Quartile Ranking 4 4 4 4 4 3 1 1 -

Source: FE fundinfo as at 27/05/2022. 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 (%)

LONDON STOCK EXCHANGE GROUP PLC 5.45
LEGAL & GENERAL GROUP 5.21
PARAGON BANKING GROUP PLC 4.63
NATIONAL EXPRESS GROUP 4.05
SMURFIT KAPPA GROUP PLC 3.99
COMPASS GROUP PLC 3.94
INTERTEK GROUP 3.82
OXFORD INSTRUMENTS PLC 3.78
SMART METERING SYSTEMS PLC 3.46
TREATT 3.43

Sector Breakdown (%)

Financials 29.65
Industrials 18.89
Information Technology 16.98
Consumer Discretionary 12.78
Materials 7.43
Utilities 5.87
Real Estate 3.12
Communications 2.40
Money Market 1.86
Health Care 0.97

Geographic Breakdown (%)

UK
94.13
Ireland
3.99
Money Market
1.86

Source: Liontrust as at 29/04/2022.

Source: FE fundinfo
Additional Information
Minimum initial investment
£500,000
Minimum additional investment
£25,000
Ex-dividend date
1 February, 1 August (Final)
Distribution date
31 March, 30 September (Final)
Sedol code
B8HCSD3
ISIN code
GB00B8HCSD36
Charges
Initial charge
-
Ongoing Charges Figure
0.79%
Included within the OCF is the Annual Management Charge
0.70%

Additional resources

The Sustainable team’s Annual Review covers the Sustainable Future process, performance, and work across impact measurement and engagement during 2021

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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2017

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2016

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2015

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Liontrust Sustainable Future Funds

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Liontrust UK Ethical Fund

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Fund insights

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.

 

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 Ethical Fund
View latest fund update
Impact Reports Impact report
Holdings Holdings
Thematic breakdowns Thematic breakdown