Liontrust SF Managed Growth SC2

Global ethical/environmental equity fund with flexibility to hold bonds.

  • 275.94p
    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).

  • 0.84%
    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 09 April 2021

The fund aims to provide long term capital appreciation through selective investment principally in global equities based on price and prospects of above average earnings growth. Investments may on occasion be limited to a single country. Limited investment in global bond markets may be made from time to time. All investments are expected to conform to social and environmental criteria.

Fund summary

Sector Flexible Investment
Structure OEIC
Launched February, 2001
Size £664m
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 0.84%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.72%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 -0.53%
  • 20/21 0.64%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.01%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 77.60%

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

Peter Michaelis

Peter Michaelis joined Alliance Trust Investments in August 2012 from Aviva Investors (formerly Morley Fund Management) where he was Head of Sustainable and Responsible Investment. He has been managing money in Sustainable and Responsible Investment for over 12 years after starting his career working for British Steel as a Senior Environmental Engineer. He specialised in environmental assessment until he joined the SRI team at Henderson Investors at the start of 2000. Michaelis holds a degree in Physics from Oxford University and a PhD in Environmental Economics from the Centre of Environmental Strategy, University of Surrey.

Track record

Peter Michaelis has 14.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.01%. During the worst period of relative performance (from July 2007 - March 2010) there was a decline of 22% relative to the index. The worst absolute loss has been 47%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 78%.

Periods of worst performance

Absolute -47.00% (May 2007 - February 2009)
Relative -22.00% (July 2007 - March 2010)

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 July 2020

3.6398% Paypal Hldgs Inc
3.2074% Visa Inc
2.9405% Alphabet Inc
2.9295% Thermo Fisher Scientific Inc
2.6597% Adobe Inc
2.6215% Iqvia Hldgs Inc
2.5169% Autodesk Inc
2.5074% Intuitive Surgical Inc
2.2533% Waste Connections Inc
2.243% Cellnex Telecom Sa
Source: Trustnet

Sector breakdown

Information Technology 34.00%
Health Care 18.00%
Financials 12.00%
Industrials 9.00%
Money Market 8.00%
Consumer Discretionary 6.00%
Communications 5.00%
Real Estate 4.00%
Materials 2.00%
Consumer Staples 2.00%

Portfolio

Key Investor Information

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