Fact sheet: LV= Liontrust UK Small Cos Pn

Fund information
Fund name
LV= Liontrust UK Smaller Companies Pn S2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Victoria Stevenssince 31/05/2015
  • Matthew Tongesince 31/08/2015
  • Anthony Crosssince 08/01/1998
  • Julian Foshsince 01/06/2008
Underlying fund
Liontrust UK Sm Cos
Fund objective
The investment objective of Liontrust UK Smaller Companies Fund is to provide long-term capital growth by investing primarily in smaller UK companies displaying a high degree of Intellectual Capital and employee motivation through equity ownership in their business model.
Benchmark
  • FTSE Small Cap ex ITs
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
8%
1 Year rank in sector
21/107
Sector
PN UK Smaller Companies
Yield
-
Fund size
£5m (£3m 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.
56
Bid price
356.5
Offer price
375.2
Top in this sector
Fund name1 Year
OMW Prof Liontrust UK Sm Cos Pn11.8%
FL Old Mutual UK Sm Cos Pn11.7%
Aviva Art UK Sm Cos Pn11.3%
SIP Old Mut UK Sm Cos Pn10.5%
Aviva Schrdr UK Dyc Sml Cos Pn10%
...more in PN UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK90.5%
    Money Market9.5%
  • Technology33.9%
    Industrials26.6%
    Financials12.2%
    Consumer Services11.6%
    Money Market9.5%
  • UK Equities90.5%
    Money Market9.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.2%7.9%8%47.2%146.9%
Sector1.2%0.7%3.3%3.9%22.4%102%
Rank within sector86 / 11276 / 1114 / 10921 / 1072 / 1036 / 95
Quartile4th3rd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund5.8%26.9%4.3%29.4%34%
Sector2.5%17.6%-2.3%37.9%24.8%
Rank within sector31 / 1077 / 10614 / 103100 / 1027 / 95
Quartile2nd1st1st4th1st
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.
8.46
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.
0.84
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.
1
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%.
11.3
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.
6.59
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.
1.08
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.
0.69
Price movement
52 week high365
52 week low305.9
Current bid price356.5
Current offer price375.2
Current mid price-
Region
1UK90.53%
2Money Market9.47%
Industry sector
1Technology33.87%
2Industrials26.58%
3Financials12.21%
4Consumer Services11.58%
5Money Market9.47%
6Health Care3.32%
7Telecommunications2.54%
8Oil & Gas0.44%
Asset type
1UK Equities90.53%
2Money Market9.47%
Individual holdings
1CRANEWARE PLC3.88%
2SANNE GROUP PLC3.22%
3RWS HLDGS2.91%
4BROOKS MACDONALD GROUP2.88%
5NEXT FIFTEEN COMMUNICATIONS GROUP2.85%
6IOMART GROUP2.74%
7DOTDIGITAL GROUP PLC2.72%
8RENISHAW PLC2.59%
9PAYPOINT2.56%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
The investment objective of Liontrust UK Smaller Companies Fund is to provide long-term capital growth by investing primarily in smaller UK companies displaying a high degree of Intellectual Capital and employee motivation through equity ownership in their business model.
Benchmark
  • FTSE Small Cap ex ITs
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Victoria Stevens31/05/2015Victoria Bates, CFA, joined Liontrust in June 2015 as a partner and fund manager. She previously worked at the growth company specialist broking and advisory firm finnCap Ltd, latterly as deputy head of corporate broking. Responsible for advising listed corporate clients on strategic issues and their communication with investors, as well as analysing investment opportunities and broking them to buy side clients, Victoria developed a strong relationship with Anthony and Julian. She joined the Economic Advantage team to further develop its expertise in the small cap investment arena. Victoria also previously worked as a senior reporter and diary editor at the financial newspaper City AM, having studied Modern Languages at the University of Oxford.
Matthew Tonge31/08/2015Matthew Tonge joined the Liontrust trading desk in 2003 from Barclays Capital Asset Management, becoming a partner in 2011. Responsible for execution across all the firm’s assets, in 2014 he was voted Mid-Tier trader of the year by The Trade magazine for his work in mid and small cap stocks, the inaugural year of the award. Having worked closely with Anthony and Julian for many years, in September 2015 he took the opportunity to join the Economic Advantage team to help research and analyse companies across the small cap universe. Matt graduated from the University of Birmingham in 2000, with First Class Batchelor degrees in Manufacturing Engineering (BENG) & Commerce (BCOM), winning the Gilbert Walker Prize in Engineering and Economics as top student in his year. Matt also holds the IMC.
Anthony Cross08/01/1998Anthony Cross joined Schroder Investment Management as a graduate trainee. He spent his first three years as an equity analyst before joining the Smaller Companies team in 1994. During this time, Anthony identified a number of characteristics common to successful companies and on joining Liontrust in 1997 he was able to develop his thoughts further and create a documented investment process. This process, called Liontrust Economic Advantage, was applied to the Liontrust UK Smaller Companies Fund from the start of 1998. Its success and relevance to the broader market led to the launch of the Liontrust Special Situations Fund in 2005, the management of the Liontrust UK Growth Fund in 2009, and the launch of the Liontrust UK Micro Cap Fund in 2016. Awards for the funds that Anthony co-manages with Julian Fosh include Liontrust being named Best UK Equity Group by Money Observer magazine, the Liontrust Special Situations Fund being named: Best UK Growth fund at the Investment Week Fund Manager of the Year Awards in 2011 and 2012; Best UK Growth Fund at What Investment magazine; Best Fund in the UK All Companies Sector at the Moneywise Fund Awards 2012; and won the UK Equity Gold Award 2012 from Portfolio Adviser. The fund is also member of the 2012 100 club. Anthony graduated in 1990 from Exeter University with a degree in politics.
Julian Fosh01/06/2008Julian Fosh joined Liontrust in 2008 from Saracen Fund Managers Ltd to co-manage the Liontrust UK Growth, Special Situations and UK Smaller Companies Funds with Anthony Cross. Julian has worked with Anthony to develop the Liontrust Economic Advantage process. Awards for the funds that Julian co-manages with Anthony Cross include Liontrust being named the Best Smaller Companies Group at the Professional Adviser Awards in 2009 and the Liontrust Special Situations Fund being named as the Best UK Growth fund at the Investment Week Fund Manager of the Year Awards in 2011 and 2012. From 2004 to 2008, Julian was the co-manager of Saracen Growth Fund, a top quartile performing UK equities portfolio. Before this, Julian headed up the investment department at Scottish Friendly Assurance Society Limited where he managed a range of funds including UK equity OEICs, life and pension funds. In his eight years at Scottish Friendly, six of Julian’s nine funds were in the top quartile of their respective sectors. In a career going back to 1984, Julian has also worked at Britannia Investment Managers and Scottish Amicable. Julian graduated in 1994 from Merton College Oxford with an MA in Jurisprudence.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Liontrust UK Smaller Companies Pn
Initial charge-
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.54%
Bid price490
Offer price515.8
Mid price-
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBNG8
LV= Liontrust UK Smaller Companies Pn S2
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.44%
Bid price356.5
Offer price375.2
Mid price-
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2U3
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