Liontrust Assessment of Value Report - Flipbook - Page 2
Contents
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
Liontrust Emerging Markets Fund . . . . . . . . . . . . . . . . . . .41
Summary of the assessment of value . . . . . . . . . . . . . . . . 4–5
Liontrust European Opportunities Fund . . . . . . . . . . . . . . .42
How to use this Report. . . . . . . . . . . . . . . . . . . . . . . . . 6–7
Liontrust Global Alpha Fund . . . . . . . . . . . . . . . . . . . . . .43
How we carried out the assessment of value . . . . . . . . . . 8–9
Liontrust Global Dividend Fund . . . . . . . . . . . . . . . . . . . .44
Corporate culture . . . . . . . . . . . . . . . . . . . . . . . . . . 10–11
Liontrust Global Equity Fund . . . . . . . . . . . . . . . . . . . . . .45
Sustainability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12–13
Liontrust Global Smaller Companies Fund . . . . . . . . . . . . .46
Investor survey . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14–15
Liontrust Global Technology Fund . . . . . . . . . . . . . . . . . . .47
Improvements to enhance value . . . . . . . . . . . . . . . . 16–17
Liontrust Income Fund . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Assessments of funds . . . . . . . . . . . . . . . . . . . . . . . . 18–70
Liontrust India Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . .49
Value assessment by fund:
Liontrust Japan Equity Fund . . . . . . . . . . . . . . . . . . . . . . .50
ECONOMIC ADVANTAGE TEAM
Liontrust Japan Opportunities Fund . . . . . . . . . . . . . . . . . .51
Liontrust Special Situations Fund. . . . . . . . . . . . . . . . . . . .19
Liontrust UK Growth Fund . . . . . . . . . . . . . . . . . . . . . . . .20
Liontrust UK Smaller Companies Fund . . . . . . . . . . . . . . . .21
Liontrust UK Micro Cap Fund . . . . . . . . . . . . . . . . . . . . .22
SUSTAINABLE INVESTMENT EQUITY TEAM
Liontrust SF Cautious Managed Fund . . . . . . . . . . . . . . . .25
Liontrust SF Defensive Managed Fund . . . . . . . . . . . . . . . .26
Liontrust SF European Growth Fund . . . . . . . . . . . . . . . . .27
Liontrust Latin America Fund . . . . . . . . . . . . . . . . . . . . . .52
Liontrust Russia Fund . . . . . . . . . . . . . . . . . . . . . . . . . . .53
Liontrust US Income Fund . . . . . . . . . . . . . . . . . . . . . . . .54
Liontrust US Opportunities Fund . . . . . . . . . . . . . . . . . . . .55
CASHFLOW SOLUTION TEAM
Liontrust European Growth Fund . . . . . . . . . . . . . . . . . . .57
Liontrust Global Income Fund . . . . . . . . . . . . . . . . . . . . .58
GLOBAL FIXED INCOME TEAM
Liontrust SF Global Growth Fund . . . . . . . . . . . . . . . . . . .28
Liontrust Strategic Bond Fund . . . . . . . . . . . . . . . . . . . . . 61
Liontrust SF Managed Fund . . . . . . . . . . . . . . . . . . . . . . 29
FUNDS SUBJECT TO MERGER OR BEING SOLD
Liontrust SF Managed Growth Fund . . . . . . . . . . . . . . . . .30
Liontrust UK Ethical Fund . . . . . . . . . . . . . . . . . . . . . . . .31
Liontrust SF UK Growth Fund . . . . . . . . . . . . . . . . . . . . . .32
SUSTAINABLE INVESTMENT FIXED INCOME TEAM
Liontrust UK Mid Cap Fund . . . . . . . . . . . . . . . . . . . . . . .64
Liontrust UK Opportunities Fund . . . . . . . . . . . . . . . . . . . .65
Liontrust Macro Equity Income Fund . . . . . . . . . . . . . . . . .66
Liontrust Macro UK Growth Fund . . . . . . . . . . . . . . . . . . .67
Liontrust SF Corporate Bond Fund . . . . . . . . . . . . . . . . . .35
Liontrust Asia Income Fund . . . . . . . . . . . . . . . . . . . . . . .68
Liontrust Monthly Income Bond Fund . . . . . . . . . . . . . . . . .36
Liontrust European Income Fund . . . . . . . . . . . . . . . . . . . .69
GLOBAL EQUITY TEAM
Liontrust European Enhanced Income Fund . . . . . . . . . . . . .70
Liontrust Balanced Fund . . . . . . . . . . . . . . . . . . . . . . . . .39
Liontrust China Fund . . . . . . . . . . . . . . . . . . . . . . . . . . .40
2 - Liontrust Assessment of Value Report