Liontrust US Opportunities Class C Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/01/20 to 31/01/21 |
31/01/21 to 31/01/22 |
31/01/22 to 31/01/23 |
31/01/23 to 31/01/24 |
31/01/24 to 31/01/25 |
|
|---|---|---|---|---|---|
| Fund | 19.4% | 13.5% | -5.1% | 19.1% | 18.8% |
| Sector | 14.1% | 18.0% | -0.1% | 14.4% | 25.4% |
| Rank | 55/203 | 173/212 | 145/231 | 93/240 | 181/244 |
| Quartile | 2 | 4 | 3 | 2 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/01/25 |
5 Years to 31/01/25 |
10 Years to 31/01/25 |
||
| Fund | 10.3% | 12.7% | 13.2% | |
| Sector | 12.7% | 14.1% | 13.5% | |
| Rank | 149/231 | 135/203 | 67/126 | |
| Quartile | 3 | 3 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| NVIDIA CORPORATION | 5.49 |
| AMAZON.COM | 5.28 |
| ALPHABET INC | 5.25 |
| APPLE | 3.81 |
| INTUIT | 3.79 |
| MICROSOFT CORPORATION | 3.67 |
| VISA | 3.64 |
| MASTERCARD INCORPORATED | 3.61 |
| NETFLIX | 3.50 |
| CBOE GLOBAL MARKETS | 3.40 |
| Total | 41.43 |
Fund Aims
The Fund aims to deliver capital growth over the long term (5 years or more).
Fund Manager
Kevin Kruczynski is an Investment Manager in the Global Equities team. Kevin joined Liontrust in 2024 from GAM where he managed both Global and US Equity portfolios. He joined GAM Investments in 2016 from THS Partners, a global equity investment firm and a long-standing sub-advisor of GAM’s oldest global equity strategies. Prior to that, Kevin spent two years at Cazenove Capital and in 2001 he worked for Merrill Lynch Investment Managers, where he supported the charities team. Kevin holds a degree in Banking and International Finance from City University and is a CFA charterholder.
Mark Hawtin is Head of the Global Equities team. Mark joined Liontrust in 2024 from GAM where he was an Investment Director running global long only and long/short funds investing in the disruptive growth & technology sectors. Before joining GAM in 2008 he was a partner and portfolio manager with Marshall Wace Asset Management for eight years, managing one of Europe’s largest technology, media and telecoms hedge funds. Mark Hawtin previously spent seven years at Enskilda Securities, initially as head of sales, before taking responsibility for the international equity business, overseeing pan-European research and trading activities and around a quarter of the investment banking staff.
Fund Overview
| Mid (04/02/2025) | 512.47p |
| Historic yield | 0.00% |
| Fund size (31/12/2024) | £229.92m |
| Number of holdings | 42 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.87% |
| Launch date | 01/10/2012 |
Asset Allocation
| International Equities | 93.75% | |
| Cash and Equivalents | 6.25% |
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 | 93.75% | |
| Cash and Equivalents | 6.25% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 45.44% | - | - | - | |
| Technology | - | 45.44% | - | - | |
| Software & Computer Services | - | - | 32.84% | - | |
| Software | - | - | - | 15.97% | |
| Consumer Digital Services | - | - | - | 10.45% | |
| Computer Services | - | - | - | 6.42% | |
| Technology Hardware & Equipment | - | - | 12.60% | - | |
| Semiconductors | - | - | - | 7.83% | |
| Computer Hardware | - | - | - | 4.77% | |
| Consumer Discretionary | 19.31% | - | - | - | |
| Retail | - | 8.96% | - | - | |
| Retailers | - | - | 8.96% | - | |
| Diversified Retailers | - | - | - | 8.96% | |
| Travel & Leisure | - | 3.59% | - | - | |
| Travel & Leisure | - | - | 3.59% | - | |
| Travel & Tourism | - | - | - | 3.59% | |
| Media | - | 3.50% | - | - | |
| Media | - | - | 3.50% | - | |
| Entertainment | - | - | - | 3.50% | |
| Consumer Products & Services | - | 3.26% | - | - | |
| Consumer Services | - | - | 3.26% | - | |
| Consumer Services: Misc. | - | - | - | 3.26% | |
| Industrials | 11.54% | - | - | - | |
| Industrial Goods & Services | - | 11.54% | - | - | |
| Industrial Support Services | - | - | 9.51% | - | |
| Transaction Processing Services | - | - | - | 9.51% | |
| Electronic & Electrical Equipment | - | - | 2.04% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 2.04% | |
| Health Care | 9.01% | - | - | - | |
| Health Care | - | 9.01% | - | - | |
| Medical Equipment & Services | - | - | 4.70% | - | |
| Medical Equipment | - | - | - | 4.70% | |
| Health Care Providers | - | - | 2.98% | - | |
| Health Care Management Services | - | - | - | 2.98% | |
| Pharmaceuticals & Biotechnology | - | - | 1.34% | - | |
| Pharmaceuticals | - | - | - | 1.34% | |
| Cash and Equivalents | 6.25% | - | - | - | |
| Financials | 5.79% | - | - | - | |
| Financial Services | - | 5.79% | - | - | |
| Investment Banking & Brokerage Services | - | - | 5.79% | - | |
| Investment Services | - | - | - | 5.79% | |
| Basic Materials | 1.89% | - | - | - | |
| Basic Resources | - | 1.89% | - | - | |
| Precious Metals & Mining | - | - | 1.89% | - | |
| Gold Mining | - | - | - | 1.89% | |
| Consumer Staples | 0.76% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.76% | - | - | |
| Beverages | - | - | 0.76% | - | |
| Soft Drinks | - | - | - | 0.76% | |
Regional Allocation
| North America | 92.00% | |
| Cash and Equivalents | 6.25% | |
| Developed Europe - Excl UK | 0.96% | |
| Emerging Asia | 0.78% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 98.05% | |
| US Dollar | 1.95% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 92.00% | - | |
United States
|
- | 89.58% | |
Canada
|
- | 2.42% | |
| Cash and Equivalents | 6.25% | - | |
| Developed Europe - Excl UK | 0.96% | - | |
Ireland
|
- | 0.96% | |
| Emerging Asia | 0.78% | - | |
China
|
- | 0.78% | |
Breakdown By Market Cap (%)
| Mega |
|
62.35% |
| Large |
|
21.16% |
| Medium |
|
7.56% |
| Non-Classified |
|
2.68% |
| Cash |
|
6.25% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | 5.49% | Technology Hardware & Equipment | United States |
| 2 | AMAZON.COM | 5.28% | Retailers | United States |
| 3 | ALPHABET INC | 5.25% | Software & Computer Services | United States |
| 4 | APPLE | 3.81% | Technology Hardware & Equipment | United States |
| 5 | INTUIT | 3.79% | Software & Computer Services | United States |
| 6 | MICROSOFT CORPORATION | 3.67% | Software & Computer Services | United States |
| 7 | VISA | 3.64% | Industrial Support Services | United States |
| 8 | MASTERCARD INCORPORATED | 3.61% | Industrial Support Services | United States |
| 9 | NETFLIX | 3.50% | Media | United States |
| 10 | CBOE GLOBAL MARKETS | 3.40% | Investment Banking & Brokerage Services | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 45.44% | - | - | - | - | - | - | 45.44% |
| Financials | - | 5.79% | - | - | - | - | - | - | 5.79% |
| Consumer Discretionary | - | 19.31% | - | - | - | - | - | - | 19.31% |
| Consumer Staples | - | 0.76% | - | - | - | - | - | - | 0.76% |
| Health Care | - | 9.01% | - | - | - | - | - | - | 9.01% |
| Industrials | - | 11.54% | - | - | - | - | - | - | 11.54% |
| Basic Materials | - | 1.89% | - | - | - | - | - | - | 1.89% |
| Cash and Equivalents | - | - | - | - | - | - | - | 6.25% | 6.25% |
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 | B7K9LQ8 |
| Mex Code | NESITO |
| Isin Code | GB00B7K9LQ88 |
| Citi Code | GQLC |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.87% |
Aims and Benchmark
| Aims | The Fund aims to deliver capital growth over the long term (5 years or more). |
| Benchmark | S&P 500 Index |
| Benchmark Category | Comparator |
| IA Sector | North America |
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 (International) Limited |
| 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 | -3.89 |
| Beta | 1.11 |
| Sharpe | 0.49 |
| Standard Deviation | 13.72 |
| Info Ratio | -0.50 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| 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 | No |
| 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
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.
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.