Liontrust Macro UK Growth R

Top down driven approach exploiting themes within the market place.

  • 146.03p
    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.

  • 263.65p
    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?

  • 5.00% 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!

  • 1.50%
    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).

  • 1.70%
    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.

  • 5.80%
    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 10 July 2020, fund data last updated 15 October 2004

The fund's objective is to provide unitholders with a combination of long-term capital growth and a measure of income derived from a diversified portfolio of predominantly UK equities and bonds.

Fund summary

Sector UK All Companies
Structure UNIT TRUST
Launched August, 2002
Size £22m
Yield 5.80%
Charging basis Capital
Dividends paid 31 Mar, 30 Sep

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread -4.19%
Annual management charge 1.50%
Ongoing charges figure 1.70%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

Manager research

Average monthly relative returns

  • 15/16 -1.02%
  • 16/17 -0.27%
  • 17/18 -0.23%
  • 18/19 -0.04%
  • 19/20 -0.30%

Bestinvest MRI

  • 3 years -0.19%
  • 5 years -0.37%
  • Career 0.13%
  • 3 years 31.90%
  • 5 years 10.90%
  • Career 96.90%

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

Stephen Bailey / Jan Luthman

Stephen Bailey began his career in private client portfolio management in 1985 with Statham, Duff, Stoop and then spent one year at Sheppards and Chase. Stephen moved to Walker Crips in 1987 and is currently Investment Director of the group. His responsibilities include the development of the Walker Crips Unit Trust range where amongst other duties he co-manages the Walker Crips UK Growth fund. Jan Luthman graduated in Applied Science (civil engineering). Thereafter he enjoyed 18 years’ experience at senior management level with international companies, which provided in-depth understanding of corporate affairs, financial statements and politics. He passed the Securities Association Fund Management and Investment Analysis (with credit) in 1987/88 and worked at Hambros Bank from 1988-1992 and then at Perpetual until 2000 when he joined Walker Crips as Head of Research. Jan is a member of the Morgan sports car club and is a published author of childrens’ stories.

Track record

Stephen Bailey / Jan Luthman has 18.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.13%. During the worst period of relative performance (from August 2015 - August 2019) there was a decline of 24% relative to the index. The worst absolute loss has been 33%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.

Periods of worst performance

Absolute -33.00% (October 2007 - February 2009)
Relative -24.00% (August 2015 - August 2019)

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 (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 29 February 2020

4.8341% Glaxosmithkline
4.6972% Legal & General Group
4.5475% Rio Tinto
4.3332% Prudential Plc
3.9233% Anglo Pacific Group
3.8236% Cls Hldgs Plc
3.4242% Bp
3.3417% Johnson Matthey
2.9407% Smurfit Kappa Group Plc
2.9242% Grainger Plc Ord 5p
Source: Trustnet

Sector breakdown

Financials 35.00%
Basic Materials 20.00%
Industrials 15.00%
Oil & Gas 6.00%
Consumer Services 5.00%
Health Care 5.00%
Consumer Goods 4.00%
Telecommunications 4.00%
Money Market 4.00%
Utilities 3.00%

Key Investor Information - Income

Download

Key Investor Information - Accumulation

Download