Liontrust Russia Class C Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 1.2% | 25.0% | -56.3% | -6.9% | -26.1% |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | -33.0% | -17.6% | -2.2% | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| NEBIUS GROUP NV | 12.38 |
| SBERBANK OF RUSSIA | 5.56 |
| NOVATEK PJSC | 5.11 |
| ROSNEFT OIL COMPANY | 4.93 |
| LUKOIL PJSC | 4.88 |
| PHOSAGRO PJSC | 4.25 |
| PUBLIC JOINT STOCK COMPANY GAZPROM | 3.71 |
| MOSCOW EXCHANGE MICEX RTS | 3.46 |
| SEVERSTAL | 3.34 |
| PUBLIC JOINT STOCK COMPANY POLYUS | 3.21 |
| Total | 50.83 |
Fund Aims
The investment objective of Liontrust Russia Fund is to generate long term (5 years or more) capital growth.
Fund Manager
Thomas manages the Liontrust Russia Fund and the Liontrust Latin America Fund. Thomas joined Liontrust in October 2019 as part of the company’s acquisition of Neptune Investment Management. He also leads the team’s research on the energy and utilities sectors and has a Master’s degree in Chemistry from the Oxford University.
Fund Overview
| Mid (20/12/2024) | 64.06p |
| Historic yield | 0.24% |
| Fund size (30/09/2024) | £56.20m |
| Number of holdings | 19 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.94% |
| Launch date | 03/10/2012 |
Asset Allocation
| International Equities | 62.50% | |
| Cash and Equivalents | 36.45% | |
| Other Assets | 1.04% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 62.50% | |
| Cash and Equivalents | 36.45% | |
| Other Assets | 1.04% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Cash and Equivalents | 36.45% | - | - | - | |
| Energy | 20.27% | - | - | - | |
| Energy | - | 20.27% | - | - | |
| Non-Renewable Energy | - | - | 20.27% | - | |
| Integrated Oil & Gas | - | - | - | 20.27% | |
| Basic Materials | 16.19% | - | - | - | |
| Basic Resources | - | 11.94% | - | - | |
| Industrial Metals & Mining | - | - | 8.42% | - | |
| Iron & Steel | - | - | - | 6.31% | |
| Aluminum | - | - | - | 2.11% | |
| Precious Metals & Mining | - | - | 3.21% | - | |
| Gold Mining | - | - | - | 3.21% | |
| Industrial Materials | - | - | 0.31% | - | |
| Forestry | - | - | - | 0.31% | |
| Chemicals | - | 4.25% | - | - | |
| Chemicals | - | - | 4.25% | - | |
| Fertilizers | - | - | - | 4.25% | |
| Technology | 12.38% | - | - | - | |
| Technology | - | 12.38% | - | - | |
| Software & Computer Services | - | - | 12.38% | - | |
| Consumer Digital Services | - | - | - | 12.38% | |
| Financials | 9.02% | - | - | - | |
| Banks | - | 5.56% | - | - | |
| Banks | - | - | 5.56% | - | |
| Banks | - | - | - | 5.56% | |
| Financial Services | - | 3.46% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.46% | - | |
| Investment Services | - | - | - | 3.46% | |
| Non-Classified | 4.00% | - | - | - | |
| Industrials | 1.69% | - | - | - | |
| Industrial Goods & Services | - | 1.69% | - | - | |
| Industrial Transportation | - | - | 1.69% | - | |
| Transportation Services | - | - | - | 1.69% | |
Regional Allocation
| Emerging Europe | 48.55% | |
| Cash and Equivalents | 36.45% | |
| Developed Europe - Excl UK | 12.38% | |
| North America | 1.57% | |
| Non-Classified | 1.04% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Europe | 48.55% | - | |
Russian Federation
|
- | 48.55% | |
| Cash and Equivalents | 36.45% | - | |
| Developed Europe - Excl UK | 12.38% | - | |
Netherlands
|
- | 12.38% | |
| North America | 1.57% | - | |
United States
|
- | 1.57% | |
| Non-Classified | 1.04% | - | |
Breakdown By Market Cap (%)
| Mega |
|
24.19% |
| Large |
|
28.26% |
| Medium |
|
5.15% |
| Small |
|
0.31% |
| Non-Classified |
|
5.63% |
| Cash |
|
36.45% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | NEBIUS GROUP NV | 12.38% | Software & Computer Services | Netherlands |
| 2 | SBERBANK OF RUSSIA | 5.56% | Banks | Russian Federation |
| 3 | NOVATEK PJSC | 5.11% | Non-Renewable Energy | Russian Federation |
| 4 | ROSNEFT OIL COMPANY | 4.93% | Non-Renewable Energy | Russian Federation |
| 5 | LUKOIL PJSC | 4.88% | Non-Renewable Energy | Russian Federation |
| 6 | PHOSAGRO PJSC | 4.25% | Chemicals | Russian Federation |
| 7 | PUBLIC JOINT STOCK COMPANY GAZPROM | 3.71% | Non-Renewable Energy | Russian Federation |
| 8 | MOSCOW EXCHANGE MICEX RTS | 3.46% | Investment Banking & Brokerage Services | Russian Federation |
| 9 | SEVERSTAL | 3.34% | Industrial Metals & Mining | Russian Federation |
| 10 | PUBLIC JOINT STOCK COMPANY POLYUS | 3.21% | Precious Metals & Mining | Russian Federation |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 12.38% | - | - | - | - | - | - | 12.38% |
| Financials | - | 9.02% | - | - | - | - | - | - | 9.02% |
| Energy | - | 20.27% | - | - | - | - | - | - | 20.27% |
| Industrials | - | 1.69% | - | - | - | - | - | - | 1.69% |
| Basic Materials | - | 16.19% | - | - | - | - | - | - | 16.19% |
| Cash and Equivalents | - | - | - | - | - | - | - | 36.45% | 36.45% |
| Non-Classified | - | 2.95% | - | - | - | - | 1.04% | - | 4.00% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B86WB79 |
| Mex Code | NERTUS |
| Isin Code | GB00B86WB793 |
| Citi Code | GQLE |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.94% |
Aims and Benchmark
| Aims | The investment objective of Liontrust Russia Fund is to generate long term (5 years or more) capital growth. |
| Benchmark | MSCI Russia 10/40 Index |
| Benchmark Category | Comparator |
| IA Sector | Specialist |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 January | 28 February |
| 01 July | 31 August |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The Bank of New York Mellon (International) Limited |
| Fund Administrator | The Bank of New York Mellon (International) Limited |
| Fund Registrar | The Bank of New York Mellon |
| Fund Custodian | The Bank of New York Mellon (International) Limited |
Group Details
| Group name | Liontrust Fund Partners LLP |
| Group address | 2 Savoy Court London WC2R 0EZ |
| Group telephone | 020 7412 1766 |
| Dealing telephone | 020 7964 4774 |
| info@liontrust.co.uk | |
| Homepage | www.liontrust.co.uk |
| Fax number | 020 7412 1779 |
Dealing
| Minimum Investment | £250000 |
| Minimum Top Up | £0 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -23.99 |
| Beta | 1.03 |
| Sharpe | -0.16 |
| Standard Deviation | 42.93 |
| Info Ratio | -0.79 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | Yes |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Concentrated Portfolio
The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.