Liontrust GF European Strategic Equity Fund A4 Acc EUR
Liontrust Global Funds PLC (Open Ended Investment Company domiciled in Ireland)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: Open Ended Investment Company

Objective ■ The Fund seeks to deliver a positive absolute return (more than zero) over the long term by taking long, synthetic long and synthetic short positions, primarily in European equities and equity related derivatives. Policy ■ The Fund may invest anywhere in the world but will primarily invest in European companies either directly or via derivatives. ■ The Fund may use financial derivative instruments for investment purposes and for efficient portfolio management (including hedging). The Fund will take both long and short positions in derivatives meaning the gross exposure of the Fund will typically be greater than 100% of the net asset value of the Fund. ■ The Investment Adviser will alter the ratio of long and short exposures in the Fund depending on the Investment Adviser’s confidence in the investment process’ ability to generate returns from the short positions. ■ Where sufficient short opportunities can be found, the Fund will have an approximately equal weighting in long and short positions. At other times, the Fund will have a net long position i.e. more long positions than short positions held in the Fund. ■ Where investments are held in a currency other than the base currency, the exposure to currency risk may be minimised by hedging. ■ The Fund expects to provide a positive absolute return under all market conditions over the medium to long term. ■ Income from the Fund's investments is reinvested. ■ The Fund has both Hedged and Unhedged unit classes available. The Hedged unit classes use forward foreign exchange contracts to protect returns in the base currency of the Fund. Recommendation ■ This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. How to buy ■ You may buy or sell shares on a daily basis (but not weekends or Bank Holidays). Orders must be received by 11.59am (Irish time) for execution at 12.00 midnight valuation point. Further details can be found at www.liontrust.co.uk/How-to-invest. Inve stment process ■ The Fund focuses on the historic cash flows generated and invested by companies to support their forecast profits growth. As forecasts are often unreliable, the scale of cash invested to support forecasts is key. ■ The Fund seeks to own companies that generate significantly more cash than they need to sustain their planned growth, yet are lowly valued by investors on that measure. They sell short stocks that are expensive, are struggling to generate any cash and are run by management investing heavily for future growth. ■ To identify companies’ annual cash flow, balance sheet development and valuation efficiently across all equity markets the fund managers have developed a simple screen as a starting point for further qualitative analysis. The investment screen consists of two cash flow ratios that are combined equally to highlight the process characteristics that they seek.

Morningstar Rating
N/A
More information about the calculation of the Morningstar Ratings
Risk and reward profile
5
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 01/04/202010.94
Morningstar categoryAlt - Long/Short Equity - Europe
CurrencyEUR
Distribution statusAccumulating
ISINIE00BLG2W007
Inception Date25/04/2014
Minimum initial amount1,000.00 EUR
Fees And Charges
Entry feeNone
Purchase charge0.5% (subject to minimum)
Custody feeNone
Exit feeNone
Sale chargeNone
Ongoing charge1.75% of which 0.50% is paid to MeDirect
Fund management company
AddressLiontrust Investment Partners LLP 2 Savoy Court, London WC2R 0EZ London WC2R 0EZ United Kingdom
Manager NameJames Inglis-Jones
Manager Start Date15/02/2012
Websitewww.liontrust.co.uk
Total Net Assets (mil)75.02 EUR (31/01/2019)
UCITSYes
AdministratorBNY Mellon Fund Services (Ireland) Designated Activity Company

Documents

Prospectus
en 01/10/2019
Annual Report
en 31/12/2018
Semi Annual Report
en 30/06/2019
Morningstar Report
03/04/2020

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year-15.65%01/04/2020
3 years-3.84%01/04/2020
5 years-0.55%01/04/2020
Since launch1.53%01/04/2020
Cumulative performance in EUR
Performance
YTD 01/01/2020-22.45%
1 month-13.58%
3 months-22.45%
6 months-15.19%
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-21.49%---
201912.30%-1.59%2.34%8.95%
20180.09%0.02%1.83%-8.90%
20173.97%-2.64%2.25%0.64%
2016-1.56%2.44%2.27%1.67%
Dividend
No Data Available

Asset Allocation
% Long% Short% Net Assets
Stock140.91%66.63%74.28%
Bond0.00%0.00%0.00%
Cash25.45%0.00%25.45%
Other0.31%0.04%0.27%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
17.9813.0810.86
Sharpe Ratio
-0.72-0.170.06
Sortino Ratio
-0.82-0.210.08
Positive Months5.0020.0034.00
Negative Months7.0016.0026.00
Worst Month-12.52-12.52-12.52
World Regions
Region%
Europe - ex Euro55.25
United Kingdom34.04
Eurozone27.18
United States15.65
Australasia7.82
Europe - Emerging0.77
Asia - Developed0.04
Latin America0.04
Canada0.04
Japan0.04
Middle East0.03
Stock Sector Weighting
Sector% of Equity
Industrials28.01
Consumer Cyclical20.26
Technology19.45
Basic Materials19.15
Healthcare17.24
Financial Services12.00
Energy11.90
Communication Services8.40
Consumer Defensive4.35
Utilities0.04
Top 10 Holdings
HoldingSectorCountry% of Assets
Codan Ltd TechnologyAustralia7.72
Roche Holding AG Dividend Right Cert. HealthcareSwitzerland5.58
Cembra Money Bank AG Financial ServicesSwitzerland4.85
Belimo Holding AG IndustrialsSwitzerland4.70
Diploma PLC IndustrialsUnited Kingdom4.53
Novo Nordisk A/S B HealthcareDenmark4.49
Peab AB B IndustrialsSweden4.44
Microsoft Corp TechnologyUnited States4.40
Ipsos SA Communication ServicesFrance4.32
Neste Corp EnergyFinland4.30
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
10.94
Closing Price
All key information and documents must be reviewed before being able to Invest.