Fact sheet: Liontrust European Income

Fund information
Fund name
Liontrust European Income Inst Acc
Fund manager company
Liontrust Fund Partners LLP
Fund type
Unit Trust
Fund managers
  • Olly Russsince 15/12/2005
Fund objective
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.
Benchmark
  • MSCI Europe ex UK
Investment style
Concentrated,Active
Investment method
Shares
Quick stats
1 Year return
7.1%
1 Year rank in sector
72/96
Sector
UT Europe Excluding UK
Yield
4.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.9%
Fund size
£168m (£175m 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.
104
Bid price
201.26
Offer price
201.66
Top in this sector
Fund name1 Year
Marlborough Eurpn Multi-Cap32.6%
Liontrust European Growth20.2%
Neptune European Opps19.2%
Aviva Inv Euro Equity MoM 218.9%
FP CRUX Eurpn Spl Sits16.7%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Germany23%
    France18.6%
    Sweden14.2%
    Switzerland11.5%
    Italy10.4%
  • Financials29.5%
    Industrials13.2%
    Health Care9.8%
    Consumer Discretionary9.8%
    Consumer Staples7.7%
  • German Equities23%
    French Equities18.6%
    Swedish Equities14.2%
    Swiss Equities11.5%
    Italian Equities10.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.9%-0.5%6.4%7.1%20.2%71.3%
Sector-6.5%-1.4%7.6%9.3%18.2%74.6%
Rank within sector53 / 10132 / 10064 / 9972 / 9630 / 8745 / 79
Quartile3rd2nd3rd3rd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.6%10.8%0.7%26.2%14.7%
Sector8%9.1%-0.7%27.3%19.2%
Rank within sector62 / 9832 / 9132 / 8740 / 8172 / 79
Quartile3rd2nd2nd2nd4th
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.
1.18
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.
0.89
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.
0.5
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%.
9.73
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.
3.68
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.
0.07
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.
0.87
Price movement
52 week high217.28
52 week low169.06
Current bid price201.26
Current offer price201.66
Current mid price-
Region
1Germany23.04%
2France18.62%
3Sweden14.17%
4Switzerland11.5%
5Italy10.43%
6Norway8.03%
7Spain4.64%
8Ireland3.26%
9Finland2.83%
Industry sector
1Financials29.47%
2Industrials13.19%
3Health Care9.76%
4Consumer Discretionary9.75%
5Consumer Staples7.67%
6Telecommunications Utilities6.95%
7Materials6.52%
8Utilities6.4%
9Real Estate5.65%
Asset type
1German Equities23.04%
2French Equities18.62%
3Swedish Equities14.17%
4Swiss Equities11.5%
5Italian Equities10.43%
6Norwegian Equities8.03%
7Spanish Equities4.64%
8Irish Equities3.26%
9Finnish Equities2.83%
Individual holdings
1DEUTSCHE POST AG3.57%
2DAIMLER AG3.54%
3VINCI SA3.52%
4TRASMISSIONE ELETTRICITA RETE NAZIO3.48%
5SWEDBANK AB3.42%
6RYANAIR HLDGS3.26%
7ROCHE HLDG AG3.04%
8ENDESA SA2.92%
9NOVARTIS AG2.92%
Management
Fund manager group
Liontrust
Fund manager company
Liontrust Fund Partners LLP
Fund type
Unit Trust
Fund objective
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.
Benchmark
  • MSCI Europe ex UK
Investment style
Concentrated,Active
Investment method
Shares
Fund managers
NameSinceBiography
Olly Russ15/12/2005Oliver Russ graduated from Oxford University in 1996 with a first class honours degree in Classics. He holds the CFA charter, has successfully completed the IIMR examinations, and is a Member of the Chartered Institute for Securities and Investment. He joined investment boutique Orbitex in 1998, where he worked on European Equity and UK Income funds, and was responsible for running the Orbitex UK Equity Fund from its inception in March 2000. In 2002 Oliver moved to Invicta Investment Management, a privately owned hedge fund, before joining Neptune Investment Management in April 2004 as a fund manager and financial analyst. Oliver is the lead manager of the Argonaut European Income Fund, launched in December 2005, and is also the lead manager of the Argonaut European Enhanced Income Fund launched in May 2010.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Liontrust European Income Inst Acc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price201.26
Offer price201.66
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQU94
Liontrust European Income Inst Inc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price117.7
Offer price117.93
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeQU80
Liontrust European Income Retail Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price187.42
Offer price197.19
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQU82
Liontrust European Income Retail Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price109.16
Offer price114.84
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQU81
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