Fact sheet: Liontrust UK Sm Cos

Fund information
Fund name
Liontrust UK Smaller Companies I Inc
Fund manager company
Liontrust Fund Partners LLP
Fund type
Unit Trust
Fund managers
  • Anthony Crosssince 08/01/1998
  • Victoria Stevenssince 31/05/2015
  • Matthew Tongesince 31/08/2015
  • Julian Foshsince 01/06/2008
Accolades
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
Active,Growth
Investment method
Shares
Quick stats
1 Year return
10.7%
1 Year rank in sector
6/47
Sector
UT UK Smaller Companies
Yield
0.3%
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.
1.38%
Fund size
£541m (£401m 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
1019.82
Offer price
1053.83
Top in this sector
Fund name1 Year
Cavendish AIM22.5%
The MI Discretionary Unit18.2%
Jupiter UK Smaller Companies17.8%
TB Amati UK Sm Cos15.8%
Marlborough UK Micro Cap Gwth11.5%
...more in UT UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK89.2%
    Money Market10.8%
  • Technology32.2%
    Industrials26.8%
    Financials12.3%
    Consumer Services11.4%
    Money Market10.8%
  • UK Equities89.2%
    Money Market10.8%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%-0.5%7.9%10.7%46.9%148.8%
Sector2.7%0.7%4.1%4%20.6%92.8%
Rank within sector45 / 4832 / 489 / 486 / 473 / 465 / 44
Quartile4th3rd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund8.8%23.8%4.4%30.5%33.9%
Sector3.5%14.2%-1.9%37.4%22.5%
Rank within sector6 / 475 / 477 / 4642 / 455 / 44
Quartile1st1st1st4th1st
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.
7.14
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.
0.95
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.
0.92
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%.
11.14
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.
5.36
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.
1.24
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.
0.77
Price movement
52 week high1042.61
52 week low868.06
Current bid price1019.82
Current offer price1053.83
Current mid price-
Region
1UK89.2%
2Money Market10.8%
Industry sector
1Technology32.21%
2Industrials26.78%
3Financials12.25%
4Consumer Services11.35%
5Money Market10.8%
6Health Care3.42%
7Telecommunications2.61%
8Oil & Gas0.57%
Asset type
1UK Equities89.2%
2Money Market10.8%
Individual holdings
1SANNE GROUP PLC3.25%
2CRANEWARE PLC3.12%
3DOTDIGITAL GROUP PLC2.93%
4CLIPPER LOGISTICS PLC2.78%
5BROOKS MACDONALD GROUP2.76%
6IOMART GROUP2.76%
7RWS HLDGS2.72%
8GAMMA COMMUNICATIONS PLC2.61%
9MATTIOLI WOODS2.59%
Management
Fund manager group
Liontrust
Fund manager company
Liontrust Fund Partners LLP
Fund type
Unit Trust
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
Active,Growth
Investment method
Shares
Fund managers
NameSinceBiography
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.
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.
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
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Liontrust UK Smaller Companies I Acc
Initial charge-
Annual charge1.25%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)-
Bid price1025.6
Offer price1059.81
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM3XC
Liontrust UK Smaller Companies I Inc
Initial charge-
Annual charge1.25%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.43%
Bid price1019.82
Offer price1053.83
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLIM2
Liontrust UK Smaller Companies R Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.63%
Total expense ratio (TER)1.66%
Bid price1017.98
Offer price1104.52
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeR139
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