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Liontrust Special Situations I

Bestinvest LogoConcentrated multi-cap UK equity portfolio targeting companies with a durable competitive advantage.

PRICE (INC)

438.27p

PRICE (ACC)

111.02p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.82%

YIELD

1.2%

1 YEAR
-2.15%

Prices as at 24 Jun 2022.

Fund commentary last updated 08 Oct 2021.

Past performance is not an indication of future performance.

Capital at risk.

The fund targets long-term capital growth from a relatively concentrated portfolio of UK equities. It includes companies of all sizes, but compared to the index it typically has a bias to mid and small caps. The managers have a quality growth investment style, looking for companies with an “Economic Advantage” such as intellectual property that enables them to produce sustained profits growth. This typically leads them to less economically sensitive sectors and away from areas such as banking and mining.

Fund summary

SectorUK All Companies
StructureUNIT TRUST
LaunchedNovember 2010
Size£5,673m
Yield1.2%
Charging BasisIncome
Dividends paid31 Jul

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0.91%
Annual Management Charge0.75%
Ongoing Charges Figure0.82%
Equity
Equity
91%
91%
High Yield Bonds
High Yield Bonds
0%
0%
Quality Bonds
Quality Bonds
0%
0%
Property
Property
0%
0%
Commodities
Commodities
0%
0%
Hedge
Hedge
0%
0%
Fund Cash
Fund Cash
9%
9%

Investment Process

The investment process focuses on companies that offer “Economic Advantage” - competitive strengths that allow them to sustain a higher than average level of profitability for longer than expected. The managers believe Economic Advantage is most durable in businesses with three categories of intangible assets: (1) Intellectual property; (2) Strong distribution channels; (3) Significant recurring business. Companies with durable Economic Advantage are also screened for the market’s appreciation of their potential earnings growth – the managers believe under-appreciated companies have the strongest potential for share price growth. This results in a portfolio of more dependable companies with less cyclicality. The investment style is not solely defensive - more cyclical stocks can be included, but banks, miners and retailers tend not to be represented. The fund is a dual priced unit trust so new investors will incur a small bid-offer spread on purchase.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning