Fact sheet: Liontrust UK Ethical

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
UK GROWTH
Sector
UT UK All Companies
Fund type
OEIC
Primary aim
GROWTH
Why Money Observer Rates Liontrust UK Ethical

New for 2018. Strong ethical investment pedigree

On paper, this fund has only been run by Peter Michaelis and Neil Brown since April 2017, but in reality they have been running it for much longer.

Michaelis joined Aviva in 2001 and has managed the Sustainable Future fund range since the launch of its Absolute Growth fund in the same year. Brown joined Aviva as a socially responsible investment analyst in 2008. The funds transferred first to Alliance Trust and then to Liontrust in 2017.

In managing Liontrust UK Ethical, the pair invests in the shares of 40 UK companies with strong long-term return prospects. They only invest in companies that meet their ethical requirements. First, this involves excluding companies involved in activities such as alcohol production or distribution, animal testing, fossil fuels, gambling, genetic engineering and intensive farming.

Second, it means targeting companies that improve people's quality of life, be it through medical, technological or educational advances; driving improvements in the efficiency with which we use increasingly scarce resources; or helping to build a more stable, resilient and prosperous economy.

Their process seeks to invest in three key types of company: high-quality organisations with robust business fundamentals, strong management and attractive valuations; adaptors and innovators capitalising on change, accessing new markets and opportunities and outperforming their competitors; and companies that are creating real and lasting value for shareholders and society.

The fund's largest sector weighing is to financials. One area the managers like is retail banks with a culture of driving growth in revenues through the positive treatment of employees and customers.<\p>

3 Year Performance
Fund Performance28.7%
Average of Rated Funds Group43.8%
Sector Performance18.9%
Fund information
Fund name
Liontrust UK Ethical 2 Acc
Fund manager company
Liontrust Investments Limited
Fund type
OEIC
Fund managers
  • Peter Michaelissince 01/12/2000
  • Neil Brownsince 01/02/2013
Accolades
Fund objective
The Fund aims for long term capital growth and will invest in the shares of a broad range of UK Companies, based on the fund manager's view of their long term return prospects. It will invest only in companies that meet our ethical requirements and meet our rules for environmental and social responsibility. For full investment objective and policy details please refer to the Prospectus.
Benchmark
  • MSCI UK
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
12.1%
1 Year rank in sector
28/274
Sector
UT UK All Companies
Yield
1.7%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.81%
Fund size
£380m (£336m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
83
Mid price
259.7
Top in this sector
Fund name1 Year
MI Chelverton UK Equ Grth22.5%
MFM Bowland20.6%
Stan Life Inv UKEqUncns20.3%
CFP SDLUKBftolgy19.2%
CFP SDL Free Spirit19.1%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK95.2%
    USA4.4%
    Money Market0.5%
  • Financials31.8%
    Consumer Discretionary21.4%
    Information Technology19.6%
    Industrials18.5%
    Utilities4.8%
  • UK Equities95.2%
    US Equities4.4%
    Money Market0.5%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.5%-2.7%1%12.1%28.7%76.4%
Sector3.1%-2.8%0%7%18.9%50.1%
Rank within sector202 / 280119 / 27883 / 27728 / 27450 / 25933 / 244
Quartile3rd2nd2nd1st1st1st
Calendar performance
 YTD - 20182017201620152014
Fund-1.2%22.5%4.5%10.6%2%
Sector-1.9%13.8%11.2%3.7%0.6%
Rank within sector82 / 27725 / 272224 / 26252 / 25686 / 249
Quartile2nd1st4th1st2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
2.12
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.1
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.43
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
11.43
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.46
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.46
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.78
Price movement
52 week high267.1
52 week low230.7
Current bid price-
Current offer price-
Current mid price259.7
Region
1UK95.17%
2USA4.37%
3Money Market0.46%
Industry sector
1Financials31.78%
2Consumer Discretionary21.36%
3Information Technology19.59%
4Industrials18.54%
5Utilities4.83%
6Real Estate1.31%
7Alternative & Renewable Energy1.09%
8Materials1.04%
9Money Market0.46%
Asset type
1UK Equities95.17%
2US Equities4.37%
3Money Market0.46%
Individual holdings
1COMPASS GROUP PLC5.41%
2PRUDENTIAL PLC5.37%
3KINGSPAN GROUP5.16%
4LONDON STOCK EXCHANGE GROUP4.79%
5WORLDPAY INC4.37%
6LEGAL & GENERAL GROUP4.23%
7PARAGON BANKING GROUP PLC3.86%
8RELX PLC3.74%
9JARDINE LLOYD THOMPSON GROUP3.57%
Management
Fund manager group
No data available.
Fund manager company
Liontrust Investments Limited
Fund type
OEIC
Fund objective
The Fund aims for long term capital growth and will invest in the shares of a broad range of UK Companies, based on the fund manager's view of their long term return prospects. It will invest only in companies that meet our ethical requirements and meet our rules for environmental and social responsibility. For full investment objective and policy details please refer to the Prospectus.
Benchmark
  • MSCI UK
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Peter Michaelis01/12/2000Peter has worked in fund management since 2000. Before joining Alliance Trust Investments in August 2012, Peter spent 11 years at Aviva Investors where, most recently, he was Head of Sustainable and Responsible Investment. After completing a PhD in Environmental Economics, Peter started his career working for the Steel Construction Institute as an Environmental Engineer. He then moved to Henderson Global Investors where he worked as an SRI Analyst and Assistant Fund Manager. In 2001 he moved to Aviva Investors, where he was promoted to lead manager on a number of its sustainable investment funds. Peter holds an MA in Physics from Oxford University, an MSc in Energy & Environmental Engineering and a PhD in Environmental Economics. In addition, he holds the CFA Society of the UK Investment Management Certificate.
Neil Brown01/02/2013Neil has worked in investment for over 14 years. Before joining Liontrust in April 2017, Neil spent five years at Alliance Trust Investments as SRI Investment Manager. Neil’s investment career started at Pensions & Investments Research Consultants where he was a senior researcher. In 2004, he moved to Threadneedle Asset Management where, as well as having the role of Pan European Equity Analyst, he was also Head of Governance and Responsible Investment. Neil then moved Aviva Investors in 2008 where, most recently, he was an SRI Fund Manager. Neil is lead fund manager on the SF European Growth OEIC and SF Pan European SICAV. He is co-fund manager on the SF UK Growth and UK Ethical funds. Neil has an MSc in Development Economics from the School of African & Oriental Studies and a BA (Hons) in Economics from the University of Manchester. He holds the CFA Society of the UK Investment Management Certificate. Neil is also the immediate past Chair of the UN Principles for Responsible Investment Integration Working Group.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Liontrust UK Ethical 2 Acc
Initial charge-
Annual charge0.7%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price259.7
CurrencyGBX
Price updated19/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNX15
Liontrust UK Ethical 3 Inc
Initial charge-
Annual charge0.35%
Min single investment£10,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.37%
Total expense ratio (TER)0.37%
Bid price-
Offer price-
Mid price247.2
CurrencyGBX
Price updated19/04/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGD15
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.