Liontrust SF UK Growth 2

A multi-cap UK sustainable equity fund.

  • 260.29p
    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).

  • 0.85%
    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.

  • 1.00%
    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 19 January 2021

The fund aims to achieve long term capital growth by investing in a diversified portfolio of UK companies that meet the firm's social and environmental criteria. The fund uses both positive and negative screening to analyse companies and seeks to profit from three major themes of sustainable investment: resource efficiency, healthier & higher quality of life and safety & more resilient. The portfolio has a bias to quality companies with strong growth prospects.

Fund summary

Sector UK All Companies
Structure OEIC
Launched February, 2001
Size £725m
Yield 1.00%
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 0.85%

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

  • 16/17 -0.24%
  • 17/18 0.22%
  • 18/19 -0.49%
  • 19/20 0.30%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.14%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 97.30%

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

Neil Brown / Peter Michaelis

Brown is the lead manager of the Liontrust SF European fund. He started his career in the investment industry in 2002 before undertaking a number of European analyst and SRI fund manager roles at Threadneedle, Aviva Investors and Alliance Trust. He holds an MSc in development economics, a BA in economics and the IMC. Brown has also passed CFA level I and level II. Michaelis is the lead manager of the Liontrust UK Ethical and Liontrust SF UK Growth funds. He joined the investment industry in 1999 and Aviva Investors in 2000 as a fund manager on the sustainable and responsible investment team. He joined Alliance Trust in 2012 before the team were acquired by Liontrust in 2016. Michaelis holds a MA in physics from Oxford University, an MSc (Distinction) in energy and environmental engineering and a PhD in environmental economics from the University of Surrey. He also holds the CFA Society of the UK, Investment Management Certificate (IMC).

Track record

Neil Brown / Peter Michaelis has 8.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.14%. During the worst period of relative performance (from May 2016 - January 2019) there was a decline of 8% relative to the index. The worst absolute loss has been 19%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.

Periods of worst performance

Absolute -19.00% (July 2011 - November 2011)
Relative -8.00% (May 2016 - January 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 31 July 2020

4.5012% Kingspan Group
4.1385% Croda International Plc
4.0859% London Stock Exchange Group
4.0358% Softcat Plc
3.647% Smurfit Kappa Group Plc
3.2983% Glaxosmithkline
3.1008% Syncona Limited Ord Npv
3.0309% Intertek Group
3.0237% Unilever
2.9816% Prudential Plc
Source: Trustnet

Sector breakdown

Financials 24.00%
Information Technology 15.00%
Industrials 14.00%
Health Care 11.00%
Consumer Discretionary 11.00%
Materials 8.00%
Consumer Staples 5.00%
Utilities 5.00%
Mutual Funds 3.00%
Communications 2.00%

Key Investor Information

Download