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GF Sustainable Future Multi-Asset Global Fund

Fund launch date 13/10/2021
Fund size €62,517,577.31
Number of holdings 98
Managed by current team for 2 years
Currently viewing:

The Fund

The Irish-domiciled Fund, managed by Peter Michaelis and Simon Clements, aims to deliver income and capital growth over the long term (5 years or more) using the Sustainable Future process and investing in a combination of global equities, bonds and cash. The investment process uses a thematic approach to identify the key structural growth trends that will shape the global economy of the future and the fund managers then seek to invest in well run companies whose products and operations capitalise on these transformative changes. This is an Article 9 fund under SFDR. All investments will be expected to conform to our ESG criteria.

SFDR Article 9

You are able to redeem your investment from the Fund at any time and there is no exit fee for doing so.

Past performance does not predict future returns. You may get back less than you originally invested. Reference to specific securities is not intended as a recommendation to purchase or sell any investment.
Key Information
Manager Inception Date of Fund
13/10/2021
Class Launch Date
13/10/2021
Price
Single Price
€9.254
Offer Price
-
Price Date
18/04/2024

Awards and Ratings

Citywire fund manager rating Citywire Manager Rating: +

Meet the team

Peter Michaelis, who is Head of the 16-strong Liontrust Sustainable Investment team, and Simon Clements joined Liontrust in April 2017 as part of the acquisition of Alliance Trust Investments (ATI). Peter has been managing money in Sustainable and Responsible Investment for over 20 years when he was promoted to lead Portfolio Manager at Aviva Investors, before being made Head of Sustainable and Responsible Investment. Prior to managing funds and ATI for five years, Simon spent 12 years at Aviva Investors where latterly he was Head of Global Equities. 

Meet the tea

“Over our first 20 years of managing the SF funds, our investments have been successful because they have provided something society needs.”

Our Investment Process

The investment process seeks to generate strong returns from investing in companies aiming to deliver profits through positive social and environmental impacts. The fund managers look at the world through the prism of three mega trends – Better resource efficiency (cleaner), Improved health (healthier) and Greater safety and resilience (safer) – and then 22 themes within these.
If a company has significant exposure to one of the themes, the fund managers verify how sustainable the rest of its activities are. For each company, the fund managers determine the key ESG factors that are important indicators of future success and assess how well these are managed, via the proprietary Liontrust Sustainability Matrix.
Companies in which the fund managers invest will have robust business fundamentals with a proven ability to deliver high returns on equity (RoE) through sustaining margins and asset turnover. Typically, these companies have a maintainable competitive advantage through scale, technology or business model.
The fund managers invest in well-run companies whose products and operations capitalise on the transformative changes the Liontrust Sustainable Investment team has highlighted, may benefit financially from them and score well on ESG, business fundamentals and valuation. The managers believe identifying these powerful themes and investing in exposed companies can make for attractive and sustainable investments.
The Fund invests in quality businesses tackling the world’s most challenging problems with innovative solutions and these companies, with strong long-term growth prospects, are therefore often designated as ‘growth stocks’. Due to this focus, the Fund may underperform the market on a relative basis during periods of rising inflation and interest rates and when quality growth stocks are out of favour.
Past performance does not predict future returns. You may get back less than you originally invested. Reference to specific securities is not intended as a recommendation to purchase or sell any investment.

Performance

Since launch date

Discrete performance (%)

As at previous quarter 12 months ending: Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Liontrust GF Sustainable Future Multi Asset Global 14.3 -11.6 - - -
Quartile Ranking 1 4 - - -

Cumulative performance (%)

As at previous day end 1 month 3 months 6 months YTD 1 year 3 years 5 years 10 years Since Inception
Liontrust GF Sustainable Future Multi Asset Global -1.6 2.9 10.6 1.9 9.6 - - - -7.5
Quartile Ranking 4 3 1 3 2 - - - -

Source: FE fundinfo as at 18/04/2024. Performance figures are shown in EUR. Total return performance figures are calculated net of costs and charges, on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Where applicable the quartile rank is for the primary share class within the sector. If your investment is made in a currency other than that used in the past performance calculation the return may increase or decrease as a result of currency fluctuations.

Current positioning

Top 10 Holdings (%)

BUNDESREPUBLIK DEUTSCHLAND 1.3% BDS 15/10/27 EUR0.01
8.95
LIONTRUST GF SUSTAINABLE FUTURE EUROPEAN CORPORATE BOND A8 ACC EUR
2.76
VISA INC.
2.00
THERMO FISHER SCIENTIFIC INC.
1.78
IQVIA HOLDINGS INC.
1.77
BUNDESREPUBLIK DEUTSCHLAND 0% BDS 15/08/30 EUR0.01
1.75
CADENCE DESIGN SYSTEMS, INC.
1.70
VERISIGN
1.57
AGILENT TECHNOLOGIES INC
1.55
ASML HOLDING N.V.
1.49

Sector Breakdown (%)

Financials
30.87
Information Technology
13.43
Health Care
11.08
Government Bonds
10.71
Industrials
7.33
Utilities
4.94
Consumer Discretionary
4.37
Money Market
3.47
Real Estate
3.14
Telecommunications Utilities
3.13
Mutual Funds
2.76
Communications
2.72
Materials
1.34
Infrastructure
0.42
Energy
0.24

Geographic Breakdown (%)

USA
40.50
UK
18.43
Germany
13.31
Netherlands
6.09
France
3.70
Cash & Cash Equivalents
3.47
Denmark
3.21
Luxembourg
2.54
Spain
2.02
Switzerland
1.83
Japan
1.68
Ireland
1.10
Sweden
1.05
Italy
1.00

Key features of the Fund

The Fund aims to achieve capital growth over the long term (five years or more) by investing globally in sustainable securities. The Fund will only invest in equity and debt securities issued by global companies that provide or produce sustainable products and services, as well as equity and debt securities of issuers that have a progressive approach to the management of environmental, social and governance issues. The Fund may also invest in cash and Money Market Instruments. Allocations to equities, bonds and cash will vary over time depending on market circumstances. Asset allocation limits will, in normal circumstances, remain in line with the following ranges: Equity securities – 40-60%, Debt securities – 20-50%, Cash – 0-20%. While the Fund will invest predominantly in developed markets, it may also invest up to 20% in emerging market securities. At times the Investment Adviser may decide to hold a more concentrated portfolio, and it is possible that a substantial portion of the Fund could be invested in cash or cash equivalents. The Fund is permitted to use derivatives for the purposes of efficient portfolio management, investment and hedging purposes.
5 years or more.
3 (Please refer to the Fund KIID for further detail on how this is calculated)

Active
The Fund is actively managed in reference to its benchmark comprising 50% MSCI World / 35% Markit iBoxx EUR Overall Index / 15% ESTER by virtue of the fact that it uses the composite benchmark for performance comparison purposes. The benchmark is not used to define the portfolio composition of the Fund and the Fund may be wholly invested in securities which are not constituents of the benchmark.
The Fund is a financial product subject to Article 9 of the Sustainable Finance Disclosure Regulation (SFDR).
Additional Information
Minimum initial investment
€1,000
Minimum additional investment
€1,000
Ex-dividend date
1 January, 1 July
Distribution date
31 January (Final), 31 July
Sedol code
BNGJKS9
ISIN code
IE00BNGJKS90
Charges
Initial charge
-
Ongoing Charges Figure
1.89%
Included within the OCF is the Annual Management Charge
1.75%

For more information on the OCF, see our costs and charges page.

Additional resources

The Sustainable team’s Annual Review measures the impact of their investments and analyses the success of their engagement initiatives. 

Download >

The Sustainable team’s latest Engagement and Voting Review covers the work done to drive improvement in the businesses held across the Sustainable Future funds and progress made on proactive engagement initiatives during 2021.

Download >

Learn more about how Liontrust is complying with the SFDR requirements.

Download >

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2018

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Liontrust Sustainable Future Funds

Download >

Fund Manager Insights

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Peter Michaelis Peter Michaelis
Maintaining the pressure on companies to decarbonise
icon 17 April 2024
Decarbonised world
Mike Appleby Mike Appleby
Evolution of our sustainable investment themes As the world changes, so too our sustainable investment themes are evolving as we discuss here
icon 16 April 2024
Sustainable finance
Martyn Jones Martyn Jones
Alcon – Enabling healthier lifestyles One billion people live with a preventable vision impairment, a figure set to grow as the global population ages. This Stocktake from the Sustainable Investment team looks at Alcon, a market leader in ophthalmic surgery
icon 3 April 2024
Optometrist
Simon Clements Simon Clements
Why World Water Day matters On World Water Day fund manager Simon Clements discusses why improving the management of water is a key theme for the Sustainable Future team
icon 21 March 2024
Agriculture
Peter Michaelis Peter Michaelis
Investing in companies that will drive decarbonisation As the UK Climate Change Committee urges the government not to loosen decarbonisation targets, Peter Michaelis highlights the companies that could be key to maintaining a path to Net Zero.
icon 29 February 2024
Renewable wind farm
Mike Appleby Mike Appleby
Spotting the sustainability hits and misses Mike Appleby discusses how investors can improve the chance of getting it right when it comes to so-called sustainable products.
icon 22 February 2024
Sustainable Growth

How to invest in Liontrust funds

Through a fund platform
Through a financial adviser
Direct with Liontrust

Key Risks 

Past performance does not predict future returns. You may get back less than you originally invested. All investments will be expected to conform to our social and environmental criteria. Overseas investments may carry a higher currency risk. They are valued by reference to their local currency which may move up or down when compared to the currency of the Fund. Bonds are affected by changes in interest rates and their value and the income they generate can rise or fall as a result; the creditworthiness of a bond issuer may also affect that bond's value. Bonds that produce a higher level of income usually also carry greater risk as such bond issuers may have difficulty in paying their debts. The value of a bond would be significantly affected if the issuer either refused to pay or was unable to pay. The Fund may encounter liquidity constraints from time to time. The spread between the price you buy and sell shares will reflect the less liquid nature of the underlying holdings. Outside of normal conditions, the Fund may hold higher levels of cash which may be deposited with several credit counterparties (e.g. international banks). A credit risk arises should one or more of these counterparties be unable to return the deposited cash. Counterparty Risk: any derivative contract, including FX hedging, may be at risk if the counterparty fails. ESG Risk: In reference to any component (where applicable) of a fund's investment process that uses external ESG data, there may be limitations to the availability, completeness or accuracy of ESG information from third-party providers, or inconsistencies in the consideration of ESG factors across different third party data providers, given the evolving nature of ESG. There is no guarantee that an absolute return will be generated over a three year time period or within another time period.

 

Disclaimer

This is a marketing communication. Before making an investment, you should read the relevant Prospectus and the Key Investor Information Document (KIID) and/or PRIIP/KID, which provide full product details including investment charges and risks. It should not be construed as advice for investment in any product or security mentioned, an offer to buy or sell units/shares of Funds mentioned, or a solicitation to purchase securities in any company or investment product. The decision to invest in a fund should take into account all the characteristics and objectives of the fund (inclusive of sustainability features) as described in the prospectus. Further information can be found here: https://www.liontrust.eu/sfdr. Examples of stocks are provided for general information only to demonstrate our investment philosophy. The investment being promoted is for units in a fund, not directly in the underlying assets. This information and analysis is believed to be accurate at the time of publication, but is subject to change without notice. Whilst care has been taken in compiling the content, no representation or warranty is given, whether express or implied, by Liontrust as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified.

Fund literature
GF Sustainable Future Multi-Asset Global Fund
View latest fund update
Holdings Holdings
Thematic breakdowns Thematic breakdown
Application and transfer forms Liontrust Global Funds plc Application Form