Liontrust Macro UK Growth R

Top down driven approach exploiting themes within the market place.

  • 181.44p Price (Inc)
  • 320.68p Price (Acc)
  • 5.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.70% Ongoing charges
  • 4.50% Yield

Prices as at 06 December 2019, 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 £29m
Yield 4.50%
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 -4.29%
Annual management charge 1.50%
Ongoing charges figure 1.70%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.81%
  • 15/16 -1.21%
  • 16/17 -0.17%
  • 17/18 -0.20%
  • 18/19 -0.35%

Bestinvest MRI

  • 3 years -0.24%
  • 5 years -0.22%
  • Career 0.13%
  • 3 years 24.50%
  • 5 years 26.10%
  • 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 17.6 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.

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Top 10 holdings

Data accurate as at 31 August 2019

6.0518% Glaxosmithkline
5.759% Anglo Pacific Group
5.4422% Rio Tinto
4.2086% Legal & General Group
4.1149% Prudential Plc
3.6823% Bp
3.4283% Johnson Matthey
3.3135% Cls Hldgs Plc
2.945% St James`S Place Plc
2.9056% Glencore Plc
Source: Trustnet

Sector breakdown

Financials 34.00%
Basic Materials 23.00%
Industrials 13.00%
Health Care 7.00%
Oil & Gas 6.00%
Consumer Services 5.00%
Telecommunications 4.00%
Money Market 3.00%
Utilities 3.00%
Consumer Goods 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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