Thank you to everyone who asks us questions through the fund pages on this website and tell us the information they are unable to find. Here, we provide answers to the most common questions and queries that have been asked. We have grouped the questions into categories.
If you can't find the question and answer you are looking for, please get in touch via our contact us page.
On each fund page, there are charts and tables showing performance. You can change the time period on the line graphs to match any historical period you want. You can also use the line graph to see the performance of every share class of each fund. The line charts show calendar performance for each fund. The tables show performance of each year over the past five to the end of the previous quarter and cumulative performance over different time periods, ranging from one month up to 10 years and since launch/manager inception.
On each fund page, there are charts and tables showing performance. You can change the time period on the line graphs to match any historical period you want, including the past 12 months. You can also use the line graph to see the performance of every share class of each fund. The line charts show calendar performance for each fund. The cumulative performance table includes performance over the past 12 months.
You can find monthly and quarterly updates through the Fund Updates button in the Insights section of the website, which can be accessed through this link: Insights | Liontrust Asset Management PLC. You can also access the Insights section through the Latest Fund Update button immediately below the fund description at the top of each fund page. The Fund Updates section has a search function so you can find the latest updates for any funds you are most interested in.
There is a Download Fund Literature button immediately below the fund description at the top of each fund page. This button opens a sidebar of Fund Literature with all relevant documents.
The retail share class differs between Liontrust funds. For some, it is the R class and for others it is the I class. Some funds, such as Liontrust UK Micro Cap and Liontrust Global Technology, only have one share class and therefore this is open to all types of investors.
Some funds have high minimum investment levels. The ACD/Manager of the Liontrust funds, however, has agreed to waive the minimum investment, redemption and holding amounts as set out in the Prospectus for direct retail customers (including those invested directly via a Liontrust ISA or JISA). The minimum investment and redemption amounts will be set at £10 for each trade. The ACD/Manager reserves the right to change this policy by providing at least 6 weeks’ notice.
If you have invested in funds directly in Liontrust funds, there are a couple of ways to make additional, top-up investments. First, is online via MyLiontrust through the use of a debit card. You can find a link to MyLiontrust at the top of the Liontrust website on any page. Second, you can send a cheque to the following address for Liontrust’s administrator, BNY, with a covering letter and declaration that you have read the fund(s) latest KIID(s) relating to the funds you want to invest in:
Liontrust Customer Services Team
PO Box 373
Darlington
DL1 9RQ
Alternatively, you can contact the administrator by phoning them (0344 892 0349, or on +44 (0)20 7964 2562 if you are outside the UK). You can also email the administrator at liontrustadmin@bnymellon.com.
If you invest in Liontrust funds through a financial adviser or via an investment platform, then please contact them to make any additional investments.
If you invest directly in Liontrust funds, you can contact our administrator, BNY, to request dividends are made into your bank account. The administrator will require proof of bank details and a signed letter of authority to be issued. You are advised to send in a copy of the latest bank statement showing the bank name, account number and bank sort code or a Voided Cheque to avoid any delays in verifying the bank. The details for our administrator are:
Liontrust Customer Services Team
PO Box 373
Darlington
DL1 9RQ
Alternatively, you can contact the administrator by phoning them (0344 892 034 or +44 (0)20 7964 2562 if you are outside the UK). You can also email the administrator at liontrustadmin@bnymellon.com.
If you invest in Liontrust funds through a financial adviser or via an investment platform, then please contact them to request that dividends are paid into your bank account.
If you invest directly in Liontrust funds, you can contact our administrator, BNY, to switch between a fund’s share classes. You will require a signed letter of authority for any share class conversions. If you are moving from an Accumulation share class to an Income share class and you want to receive distributions of income, you will also need to provide bank account information. To do this, you advised also to send in a copy of the latest bank statement showing the bank name, account number and bank sort code or a Voided Cheque to avoid any delays in verifying the bank to our administrator. The details for our administrator are:
Liontrust Customer Services Team
PO Box 373
Darlington
DL1 9RQ
Alternatively, you can contact the administrator by phoning them (0344 892 0349 or +44 (0)20 7964 2562 if you are outside the UK). You can also email the administrator at liontrustadmin@bnymellon.com.
If you invest in Liontrust funds through a financial adviser or via an investment platform, then please contact them to switch share classes within a fund.
The active share is on each of the monthly factsheets for the equity funds. The monthly factsheets for each share class can be found through the Download Fund Literature button immediately below the fund description at the top of each of the fund pages.
At the top of every fund page, there is a horizontal bar with key information. On the far left of this bar, is the current price for each fund.
There is a Download Fund Literature button immediately below the fund description at the top of each fund page. This button opens a sidebar of Fund Literature with all relevant documents, including the Interim and Final (Annual) Reports for each fund.
You can find an overview of the exclusion criteria and other policies of the Sustainable Investment team in their How we Invest document through the following link: Sustainable Investment documents | Liontrust Asset Management PLC You can also find other literature, including the Annual Engagement Review, for the Sustainable Investment team through this link.
Each of the funds managed by the Liontrust Sustainable Investment team has their own fund page, which can be accessed through the Sustainable Investment team page - Sustainable Investment team | Liontrust Asset Management PLC. These pages explain the objectives of each of the funds; their holdings, sector and geographical weightings; and performance.
You can switch for free between Liontrust funds within the Liontrust ISA. You can make this switch online via MyLiontrust. You can find a link to MyLiontrust at the top of the Liontrust website on any page. Alternatively, you can send a signed letter of authority to our administrator, BNY, along with a declaration that you have read the fund(s) KIID(s) for the fund(s) they want to switch in to. The details for our administrator are:
Liontrust Customer Services Team
PO Box 373
Darlington
DL1 9RQ
Alternatively you can contact the administrator by phoning them (0344 892 0349 or +44 (0)20 7964 2562 if you are outside the UK). You can also email the administrator at liontrustadmin@bnymellon.com.
The amount of tax you pay, such as for capital gains tax and income tax, will depend on your individual tax position. Please take professional advice.
Performance
Each fund page on the website includes line charts and tables showing performance net of fees. These can be found in the Performance & Positioning section of the fund pages and show performance for all the share classes of a fund.
You can change the time period for the line charts to match any historical period you want through the Chart Settings tool. For example, to see performance over the past 18 months, you can change the start date in the Chart Settings.
While the line charts show cumulative performance, which is the fund’s total return net of fees, the tables provide discrete annual performance and cumulative performance also net of fees. The discrete annual performance tables show the last five individual years to the end of the last quarter. The cumulative performance in the tables is shown over different time periods up to 10 years and since the fund’s launch or the current investment team took over its management.
Each fund page includes line charts and tables showing performance net of fees. These can be found in the Performance & Positioning section of the fund pages and show performance for all the share classes of a fund.
You can change the time period for the line charts to match any historical period you want through the Chart Settings tool. For example, to see performance over the past 12 months, you can change the start date in the Chart Settings.
The cumulative and discrete tables also show the performance of funds over the previous 12 months, along with other time periods.
Fund updates and literature
You can find monthly and quarterly updates through the Fund Updates button in the Insights section of the website, which can be accessed here. You can also access the Insights section through the Latest Fund Update button immediately below the fund description at the top of each fund page. The Fund Updates section has a search function so you can find the latest updates for any funds you are most interested in.
There is a Download Fund Literature button immediately below the fund description at the top of each fund page. This button opens a sidebar of Fund Literature with all relevant documents, including the prospectus, factsheets, KIIDs, application forms and reports.
The active share is on each of the monthly factsheets for the equity funds. The monthly factsheets for each share class can be found through the Download Fund Literature button immediately below the fund description at the top of each of the fund pages.
Active share, which is expressed as a percentage, represents the proportion of a fund’s holdings that differ from its benchmark. A 100% active share indicates a fund with no holdings in the benchmark while a 0% active share means the fund is identical to the benchmark.
Factsheets and portfolio holdings
For regulatory reasons, we do not produce monthly factsheets for funds that are less than one year old; performance information is required to be based on a complete 12-month period. When funds reach their first year since being launched, we start posting their monthly factsheets on the relevant fund page.
The top 10 holdings, along with their sector and geographical weightings, are available in the Performance & Positioning section of each of the fund pages. The top five overweights and underweights of each fund are also available on factsheets, which can be accessed through the Download Fund Literature button immediately below the fund description at the top of each fund page.
You can find a fund’s full portfolio holdings twice a year in the Long Final Reports and Long Interim Reports. To find these reports, go to the Download Fund Literature button immediately below the fund description at the top of each fund page. This button opens a sidebar of Fund Literature with all relevant documents, including the Long Final Report and the Long Interim Report.
Investing in funds, share classes and minimum investments
The retail share class differs between Liontrust funds but are usually the R or I class. Some funds only have one share class, such as the Liontrust UK Micro Cap Fund and Liontrust Global Technology Fund, and therefore this is open to all types of investors.
If you have invested in Liontrust funds directly, there are a couple of ways to make additional investments.
First, is online via MyLiontrust through the use of a debit card. You can find a link to MyLiontrust at the top of the Liontrust website on any page.
Second, you can send a cheque to the following address for Liontrust’s administrator, BNY, with a covering letter and declaration that you have read the fund(s) latest KIID(s) relating to the funds you want to invest in:
Liontrust Customer Services Team
PO Box 373
Darlington
DL1 9RQ
Alternatively, you can contact the administrator by phoning them (0344 892 0349, or on +44 (0)20 7964 2562 if you are outside the UK). You can also email the administrator at liontrustadmin@bnymellon.com.
If you invest directly in Liontrust’s UK-domiciled funds, you can contact the Liontrust Customer Service team of our administrator, BNY, to switch between a fund’s share classes. You will require a signed letter of authority for any share class conversions. If you are moving from an Accumulation share class to an Income share class and you want to receive distributions of income, you will need to provide bank account information. To do this, you are advised also to send in a copy of the latest bank statement showing the bank name, account number and bank sort code or a Voided Cheque to avoid any delays in verifying the bank to our administrator. The details for our administrator are:
Liontrust Customer Services Team
PO Box 373
Darlington
DL1 9RQ
Alternatively, you can contact the administrator by phoning them (0344 892 0349 or +44 (0)20 7964 2562 if you are outside the UK). You can also email the administrator at liontrustadmin@bnymellon.com.
If you invest in Liontrust funds through a financial adviser or via an investment platform, then please contact them to switch share classes within a fund.
You can switch for free between Liontrust’s UK-domiciled funds within the Liontrust ISA. You can make this switch online via MyLiontrust. You can find a link to MyLiontrust at the top of the Liontrust website on any page. Alternatively, you can send a signed letter of authority to our administrator, BNY, along with a declaration that you have read the fund(s) KIID(s) for the fund(s) they want to switch in to. The details for our administrator are:
Liontrust Customer Services Team
PO Box 373
Darlington
DL1 9RQ
Alternatively you can contact the administrator by phoning them (0344 892 0349 or +44 (0)20 7964 2562 if you are outside the UK). You can also email the administrator at liontrustadmin@bnymellon.com.
Fund charges
Below the fund descriptions at the top of each fund page, there are three boxes titled: Key Information, Additional Information and Charges. The box on the far right (Charges) has the relevant charges for each fund, along with explanations of these charges.
Further information about “Ongoing Charge Figure (OCF)” is available on our Costs and Charges webpage.
Dividend payments
The historic yield for funds can be found on their monthly factsheets (historic yield calculates the income distributions made by the fund over the past 12 months as a percentage of the fund value or unit price). The monthly factsheets can be accessed through the Download Fund Literature button immediately below the fund description at the top of each fund page.
Below the fund descriptions at the top of each fund page, there are three boxes titled: Key Information, Additional Information and Charges. The Additional Information box in the middle of these three has the relevant dates for distributions for each fund.
If you invest directly in Liontrust funds, you can contact the Liontrust Customer Service team of our administrator, BNY, to request dividends are paid into your bank account. The administrator will require proof of bank details and a signed letter of authority to be issued. You are advised to send in a copy of the latest bank statement showing the bank name, account number and bank sort code or a Voided Cheque to avoid any delays in verifying the bank. The details for our administrator are:
Liontrust Customer Services Team
PO Box 373
Darlington
DL1 9RQ
Alternatively, you can contact the administrator by phoning them (0344 892 034 or +44 (0)20 7964 2562 if you are outside the UK). You can also email the administrator at liontrustadmin@bnymellon.com.
If you invest in Liontrust funds through a financial adviser or via an investment platform, then please contact them to request that dividends are paid into your bank account.
Liontrust Sustainable Future funds
You can find an overview of the exclusion criteria and other policies of the Sustainable Investment team in their How we Invest document on the Sustainable Investment documents and reports page. You can also find other literature, including the Annual Engagement Review, for the Sustainable Investment team through this link.
Each of the funds managed by the Liontrust Sustainable Investment team have their own fund page, which can be accessed through the Sustainable Investment team page. These pages explain the objectives of each of the funds; their holdings, sector and geographical weightings; and performance.
Fund prices and tax
At the top of every fund page, there is a horizontal bar with key information. On the far left of this bar, is the current price for each fund.
The amount of tax you pay, such as for capital gains tax and income tax, will depend on your individual tax position. Please take professional advice.
