fund

LIONTRUST GF SPECIAL SITUATIONS C3 GBP

Concentrated multi-cap UK equity portfolio targeting companies with a durable competitive advantage.

PRICE (INC)

-

PRICE (ACC)

2216.49p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.95%

YIELD

0%

1 YEAR

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Prices as at 06 Dec 2023.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The investment objective of the Fund is to provide long-term capital growth. The Investment Adviser believes the best way to achieve this growth is by investing in equities of companies in a special situation. These companies are in a special situation because they have certain special characteristics that are difficult to replicate, distinct from their competitors and that enables them to sustain a higher level of profitability for longer than expected which often surprises the market and typically leads to strong share price appreciation. Examples of the characteristics that identify a company in a special situation are: (i) protected intellectual property rights, (ii) strong distribution networks or (iii) significant recurring income, which is defined as at least 70% of the company’s annual turnover.

Fund summary

Sector	UK All Companies
Structure	OFFSHORE FUND
Launched	November 2012
Size	£121m
Yield	0%
Dividends paid	Accumulation units only

Charges

Standard Initial Charge	0%
Initial Charge Via BestInvest	0%
Additional Bid/Offer Spread	0%
Annual Management Charge	0.75%
Ongoing Charges Figure	0.95%

Investment Process

The investment process focuses on companies that offer “Economic Advantage” - competitive strengths that allow them to sustain a higher than average level of profitability for longer than expected. The managers believe Economic Advantage is most durable in businesses with three categories of intangible assets: (1) Intellectual property; (2) Strong distribution channels; (3) Significant recurring business. Companies with durable Economic Advantage are also screened for the market’s appreciation of their potential earnings growth – the managers believe under-appreciated companies have the strongest potential for share price growth. This results in a portfolio of more dependable companies with less cyclicality. The investment style is not solely defensive - more cyclical stocks can be included, but banks, miners and retailers tend not to be represented. The fund is a dual priced unit trust so new investors will incur a small bid-offer spread on purchase.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning