Liontrust Global Alpha C

Invests in a concentrated portfolio of large cap UK and overseas equities

  • 927.56p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.01%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 15 January 2021

The fund targets capital growth by investing primarily in companies’ shares but also in bonds (issued by companies and/or governments) from around the world.

Fund summary

Sector Flexible Investment
Structure OEIC
Launched December, 2001
Size £165m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.01%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 -0.24%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.16%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 35.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Robin Geffen

Geffen founded Neptune Investment Management in May 2002 and is their CEO. He graduated from Oxford in 1979 and began his investment career at Charterhouse J Rothschild before moving onto Eagle Star, York Trust plc and then Scottish Equitable, where he set up their pooled fund business. Geffen joined Orbitex Investments Limited as Chief Investment Officer in 1997 and was most recently Global CIO – Pensions, before founding Neptune.

Track record

Robin Geffen has 2.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.16%. During the worst period of relative performance (from September 2002 - October 2003) there was a decline of 15% relative to the index. The worst absolute loss has been 22%.

Periods of worst performance

Absolute -22.00% (July 2002 - January 2003)
Relative -15.00% (September 2002 - October 2003)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

Proportion (%)

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Top 10 holdings

Data accurate as at 31 July 2020

6.065% Amazon.com Inc
5.9191% Twilio Inc
5.1114% Ringcentral Inc
4.3695% Liontrust Global Technology C Acc Gbp
4.0484% Horizon Therapeutics Plc
3.9251% Alphabet Inc
3.6131% Nvidia Corp
3.546% Zoom Video Communications Inc
3.0136% Rapid7 Inc
3.0081% Microsoft Corp
Source: Trustnet

Sector breakdown

Information Technology 53.00%
Consumer Discretionary 11.00%
Health Care 10.00%
Financials 7.00%
Communications 7.00%
Mutual Funds 7.00%
Money Market 2.00%
Consumer Staples 2.00%

Portfolio

A tight portfolio of 30-50 stocks is preferred.

Constraints

The manager is only constrained by the IA guidelines.

Key Investor Information

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