Liontrust US Income C

Investing mainly in North American companies, which may include Canada as well as the USA.

  • 206.04p
    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.

  • 245.99p
    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).

  • 1.04%
    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.

  • 1.70%
    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 26 February 2021

The objective of the fund is to provide a rising level of income with the potential for some capital growth also. The fund is designed for investors seeking regular equity income and long-term growth from North America. It pays distributions four times a year from a concentrated portfolio of US and Canadian stocks. The fund invests mainly in North American companies, selected at the manager's discretion, which may include Canada as well as the USA.

Fund summary

Sector North America
Structure OEIC
Launched May, 2013
Size £26m
Yield 1.70%
Charging basis Capital
Dividends paid 28 Feb, 31 May, 31 Aug, 30 Nov

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 1.04%

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Investment process

The investment objective of the Neptune US Income Fund is to generate rising levels of income with the potential of capital growth by investing predominantly in a portfolio of North American securities, which may include Canada as well as the USA or overseas companies that derive a significant proportion of their profits or turnover from the USA and/or Canada, with a view to attaining consistent top quartile performance within the appropriate peer group.

Manager research

Average monthly relative returns

  • 16/17 0.26%
  • 17/18 -0.30%
  • 18/19 0.08%
  • 19/20 0.55%
  • 20/21 0.24%

Bestinvest MRI

  • 3 years 0.29%
  • 5 years 0.17%
  • Career -0.01%
  • 3 years 91.80%
  • 5 years 74.50%
  • Career 62.90%

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

George Boyd-Bowman

Boyd-Bowman joined Neptune in August 2010 as an Investment Analyst, having periodically interned at the Company since 2006. He graduated from Oxford University in 2010 with a first class degree in Economics and Management. He is now Fund Manager of the Neptune Global Income Fund and the Neptune UK Higher Income Fund. He is also Assistant Manager on the Neptune Global Equity Fund, the Neptune Income Fund and the Neptune Monthly Income Fund. His global research focus is the financials sector, and he has successfully completed the CFA Level 1, 2 and 3.

Track record

George Boyd-Bowman has 8.1 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 May 2016 - July 2018) there was a decline of 16% relative to the index. The worst absolute loss has been 13%.

Periods of worst performance

Absolute -13.00% (January 2020 - March 2020)
Relative -16.00% (May 2016 - July 2018)

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 29 April 2016

3.0196% Bristol-Myers Squibb Co
2.9814% Medtronic Plc
2.8134% Apple Inc
2.7086% Texas Instruments Inc
2.6956% Merck & Co Inc(New)
2.5817% Stanley Black & Decker Inc
2.5222% Microsoft Corp
2.4852% Blackrock Inc
2.454% Pepsico Inc
2.3618% Broadridge Finl Solutions Inc
Source: Trustnet

Sector breakdown

Information Technology 21.00%
Health Care 16.00%
Financials 14.00%
Consumer Discretionary 14.00%
Industrials 11.00%
Consumer Staples 8.00%
Materials 6.00%
Money Market 5.00%
Energy 3.00%
Utilities 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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