Liontrust European Income - CLOSED Institutional Acc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

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Top 10 Holdings

Stock % Weight
BANK OF IRELAND GROUP 5.08
ASML HOLDING NV 4.82
ATLAS COPCO AB 4.79
STELLANTIS NV 4.55
PANDORA AS 3.94
BNP PARIBAS SA 3.81
PUBLICIS GROUPE SA 3.72
AP MOLLER-MAERSK A/S 3.68
RANDSTAD NV 3.52
BOLIDEN AB 3.35
Total 41.26

Fund Aims

The Fund aims to deliver a high level of income with potential for capital growth over the long term (5 years or more). Income Target Benchmark - The Fund aims to deliver a net target yield of at least the net yield of the MSCI Europe ex UK Index each year.

Fund Manager

James Inglis-Jones manager for 19 years and 4 months

Photo of James Inglis-Jones James Inglis-Jones joined Liontrust in March 2006 to develop the Cashflow Solution investment process. James began his career at Fleming Investment Management in 1997, assuming responsibility for the management of UK equity portfolios in 1999. Between 1999 and 2002, he worked on JP Morgan Fleming’s institutional investment process and managed a wide range of retail and institutional funds as a senior portfolio manager within their European equity group. In 2003, he joined Polar Capital to manage a European market neutral fund. James graduated in 1990 with a First Class Honours Degree in Modern History from York University. He went on to gain a D.Phil in Modern History from Christ Church, Oxford.

Samantha Gleave manager for 12 years and 7 months

Photo of Samantha Gleave Samantha Gleave joined Liontrust in 2012 as a fund manager to work with James in managing the Cashflow Solution investment process. She began her career at Sutherlands Ltd as a Consumer Analyst before moving on to Fleming Investment Management as senior Investment Analyst covering Pan Europe where she worked with James Inglis-Jones. Samantha moved to Credit Suisse First Boston (Europe) Ltd in 2000 and was in a No 1 ranked equity research sector team (Extel & Institutional Investor Surveys). In 2005, she moved to Bank of America Merrill Lynch and became a Senior Equity Analyst and Director and won awards for Top Stock Pick and Earnings Estimates. Samantha graduated from Aberdeen University in 1995 with an MA Honours degree in Economics & Management.

Fund Overview

Bid (09/04/2021) 282.05p
Offer (09/04/2021) 283.07p
Historic yield -
Fund size (31/03/2021) £71.12m
Number of holdings 41
Entry Charge 0.00%
Ongoing Charges 0.91%
Launch date 15/12/2005

Asset Allocation

pie chart
  International Equities 96.10%
  Cash and Equivalents 3.90%

Commentary

The investment objective of the Liontrust European Income Fund is to provide a high level of income, in order to meet this objective, it is intended that the yield of the Fund (the sum of all net distributions in an accounting period divided by the unit price at the end of said period) will be in excess of the net yield of the MSCI Europe ex UK Index each year but this cannot be guaranteed and the yield may also be adjusted in the light of market conditions although it is not expected that this will be a regular occurrence.

Portfolio data accurate as at: 31/03/21

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 investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 96.10%
  Cash and Equivalents 3.90%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Industrials 27.74% - - -
 
 Industrial Goods & Services - 25.94% - -
 
 Industrial Engineering - - 8.13% -
 
 Machinery: Construction & Handling - - - 8.13%
 
 Industrial Support Services - - 6.92% -
 
 Business Training & Employment Agencies - - - 3.52%
 
 Security Services - - - 3.40%
 
 Electronic & Electrical Equipment - - 6.00% -
 
 Electrical Components - - - 6.00%
 
 Industrial Transportation - - 4.88% -
 
 Marine Transportation - - - 3.68%
 
 Trucking - - - 1.21%
 
 Construction & Materials - 1.80% - -
 
 Construction & Materials - - 1.80% -
 
 Building Materials: Other - - - 1.80%
 
 Consumer Discretionary 19.37% - - -
 
 Consumer Products & Services - 8.00% - -
 
 Personal Goods - - 6.69% -
 
 Luxury Items - - - 3.94%
 
 Clothing & Accessories - - - 2.75%
 
 Household Goods & Home Construction - - 0.86% -
 
 Home Construction - - - 0.86%
 
 Leisure Goods - - 0.45% -
 
 Recreational Products - - - 0.45%
 
 Automobiles & Parts - 7.50% - -
 
 Automobiles & Parts - - 7.50% -
 
 Automobiles - - - 7.50%
 
 Media - 3.72% - -
 
 Media - - 3.72% -
 
 Media Agencies - - - 3.72%
 
 Retail - 0.16% - -
 
 Retailers - - 0.16% -
 
 Specialty Retailers - - - 0.16%
 
 Financials 17.51% - - -
 
 Banks - 12.78% - -
 
 Banks - - 12.78% -
 
 Banks - - - 12.78%
 
 Financial Services - 4.73% - -
 
 Investment Banking & Brokerage Services - - 4.73% -
 
 Diversified Financial Services - - - 4.73%
 
 Basic Materials 11.21% - - -
 
 Basic Resources - 7.82% - -
 
 Industrial Metals & Mining - - 7.82% -
 
 General Mining - - - 5.32%
 
 Iron & Steel - - - 2.50%
 
 Chemicals - 3.39% - -
 
 Chemicals - - 3.39% -
 
 Fertilizers - - - 3.39%
 
 Technology 7.75% - - -
 
 Technology - 7.75% - -
 
 Technology Hardware & Equipment - - 4.82% -
 
 Production Technology Equipment - - - 4.82%
 
 Software & Computer Services - - 2.93% -
 
 Software - - - 2.93%
 
 Energy 5.51% - - -
 
 Energy - 5.51% - -
 
 Non-Renewable Energy - - 5.51% -
 
 Integrated Oil & Gas - - - 1.84%
 
 Offshore Drilling & Other Services - - - 1.82%
 
 Oil Equipment & Services - - - 1.29%
 
 Oil: Crude Producers - - - 0.56%
 
 Cash and Equivalents 3.90% - - -
 
 Health Care 3.57% - - -
 
 Health Care - 3.57% - -
 
 Pharmaceuticals & Biotechnology - - 2.13% -
 
 Pharmaceuticals - - - 2.13%
 
 Medical Equipment & Services - - 1.44% -
 
 Medical Supplies - - - 1.44%
 
 Consumer Staples 3.01% - - -
 
 Food, Beverage & Tobacco - 3.01% - -
 
 Beverages - - 2.64% -
 
 Brewers - - - 2.64%
 
 Food Producers - - 0.37% -
 
 Food Products - - - 0.30%
 
 Farming, Fishing, Ranching & Plantations - - - 0.08%
 
 Telecommunications 0.43% - - -
 
 Telecommunications - 0.43% - -
 
 Telecommunications Service Providers - - 0.43% -
 
 Telecommunications Services - - - 0.43%

Regional Allocation

pie chart
  Developed Europe - Excl UK 96.03%
  Cash and Equivalents 3.90%
  North America 0.08%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 96.71%
  Swedish Krona 2.58%
  Cash 0.70%

Regional Breakdown

Expand allCollapse all
Region Country
 
 Developed Europe - Excl UK 96.03% -
 
 Denmark - 18.65%
 
 Sweden - 17.18%
 
 France - 16.95%
 
 Netherlands - 12.89%
 
 Italy - 7.47%
 
 Germany - 7.19%
 
 Ireland - 5.08%
 
 Switzerland - 3.00%
 
 Belgium - 2.50%
 
 Norway - 2.00%
 
 Finland - 1.80%
 
 Luxembourg - 1.29%
 
 Cash and Equivalents 3.90% -
 
 North America 0.08% -
 
 United States - 0.08%

Breakdown By Market Cap (%)

Mega
 
 
28.45%
Large
 
 
29.18%
Medium
 
 
27.81%
Small
 
 
5.55%
Micro
 
 
0.56%
Non-Classified
 
 
4.55%
Cash
 
 
3.90%

Top 10 Holdings

Stock % Weight Sector Country
1 BANK OF IRELAND GROUP 5.08% Banks Ireland
2 ASML HOLDING NV 4.82% Technology Hardware & Equipment Netherlands
3 ATLAS COPCO AB 4.79% Industrial Engineering Sweden
4 STELLANTIS NV 4.55% Automobiles & Parts Netherlands
5 PANDORA AS 3.94% Personal Goods Denmark
6 BNP PARIBAS SA 3.81% Banks France
7 PUBLICIS GROUPE SA 3.72% Media France
8 AP MOLLER-MAERSK A/S 3.68% Industrial Transportation Denmark
9 RANDSTAD NV 3.52% Industrial Support Services Netherlands
10 BOLIDEN AB 3.35% Industrial Metals & Mining Sweden

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 7.75% - - - - - - 7.75%
Telecommunications - 0.43% - - - - - - 0.43%
Financials - 17.51% - - - - - - 17.51%
Consumer Discretionary - 19.37% - - - - - - 19.37%
Consumer Staples - 3.01% - - - - - - 3.01%
Energy - 5.51% - - - - - - 5.51%
Health Care - 3.57% - - - - - - 3.57%
Industrials - 27.74% - - - - - - 27.74%
Basic Materials - 11.21% - - - - - - 11.21%
Cash and Equivalents - - - - - - - 3.90% 3.90%

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 BD2WZ43
Mex Code Q5XZD
Isin Code GB00BD2WZ436
Citi Code QU94

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.91%

Aims and Benchmark

Aims The Fund aims to deliver a high level of income with potential for capital growth over the long term (5 years or more). Income Target Benchmark - The Fund aims to deliver a net target yield of at least the net yield of the MSCI Europe ex UK Index each year.
Benchmark MSCI Europe ex-UK
Benchmark Category Comparator
IA Sector Europe Excluding UK

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type Unit Trust
Launch price £1.00
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable Yes
SIPP allowable Yes

Distribution Details

Income frequency Quarterly
Distribution Type Dividend
Distribution Payment Basis Gross

Distribution Dates

Ex dividend date(s) Income payment date(s)
01 December 31 January
01 March 30 April
01 June 31 July
01 September 31 October

Ratings

FE Crown Crown Rating of 1

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository BNY Mellon Trust & Depositary (UK) Ltd
Fund Administrator Bank of New York Mellon (International) Limited
Fund Registrar Bank of New York Mellon SA/NV
Fund Custodian 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
Email info@liontrust.co.uk
Homepage www.liontrust.co.uk
Fax number 020 7412 1779

Dealing

Minimum Investment £5000000
Minimum Top Up £100000
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.