Liontrust Global Dividend C

International equity fund with an income focus run by an up and coming manager.

  • 198.07p
    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.

  • 255.81p
    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).

  • 1.00%
    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.

  • 2.10%
    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 17 September 2021

The Investment objective of the Neptune Global Income Fund is to generate rising levels of income with the potential of capital growth by investing predominantly in a concentrated portfolio of global securities, selected from across world equity markets. The Fund aims to achieve top quartile performance, in terms of total return, against the appropriate peer group.

Fund summary

Sector Global Equity Income
Structure OEIC
Launched December, 2012
Size £278m
Yield 2.10%
Charging basis
Dividends paid 28 Feb, 31 May, 31 Aug, 30 Nov

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 1.00%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.61%
  • 17/18 0.02%
  • 18/19 0.58%
  • 19/20 0.05%
  • 20/21 -0.11%

Bestinvest MRI

  • 3 years 0.17%
  • 5 years -0.02%
  • Career -0.06%
  • 3 years 85.10%
  • 5 years 61.40%
  • Career 55.20%

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

George Boyd-Bowman

Boyd-Bowman joined Neptune in August 2010 as an Investment Analyst, having periodically interned at the Company since 2006. He graduated from Oxford University in 2010 with a first class degree in Economics and Management. He is now Fund Manager of the Neptune Global Income Fund and the Neptune UK Higher Income Fund. He is also Assistant Manager on the Neptune Global Equity Fund, the Neptune Income Fund and the Neptune Monthly Income Fund. His global research focus is the financials sector, and he has successfully completed the CFA Level 1, 2 and 3.

Track record

George Boyd-Bowman has 8.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.06%. During the worst period of relative performance (from May 2016 - July 2018) there was a decline of 16% relative to the index. The worst absolute loss has been 13%.

Periods of worst performance

Absolute -13.00% (January 2020 - March 2020)
Relative -16.00% (May 2016 - July 2018)

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

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Top 10 holdings

Data accurate as at 31 October 2018

3.885% Microsoft Corp
3.3267% Constellation Software Inc
3.2888% Wells Fargo & Co
3.286% Facebook Inc
3.224% Unitedhealth Group Inc
3.2142% American Tower Corp
3.1976% Jpmorgan Chase & Co
3.1888% Cme Group Inc
3.1446% Starbucks Corp
3.0929% Suntrust Banks Inc
Source: Trustnet

Sector breakdown

Financials 23.00%
Information Technology 17.00%
Communications 14.00%
Industrials 13.00%
Health Care 10.00%
Materials 8.00%
Consumer Staples 7.00%
Real Estate 3.00%
Consumer Discretionary 2.00%
Utilities 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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