Part of our Foundation Fundlist Liontrust Special Situations I Inc

SEDOL: B57H4F1 | ISIN: GB00B57H4F11 | MEX: Q5SPEC | CITI: LIM5

  • Buy 394.32 GBX

  • Sell 390.63 GBX

  • Price Change -0.42820%

Past Performance

  • 15th Dec 2013 to 15th Dec 20143.28%
  • 15th Dec 2014 to 15th Dec 201513.70%
  • 15th Dec 2015 to 15th Dec 201616.24%
  • 15th Dec 2016 to 15th Dec 201716.97%
  • 15th Dec 2017 to 15th Dec 20182.49%

Objectives and Approach

The investment objective of Liontrust Special Situations Fund is to provide long-term capital growth.

Key Information

Inception 10th Nov 2005
Yield 1.9543%
Sector IA UK All Companies
Fund Size £3996.651mn
Fund Type UNIT
Classification Income

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.0751%
Initial Charge 0%
AMC 0.75%

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Performance

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        • Cumulative Performance

          1 month3 months6 months1 year3 years5 years
          -2.66% -7.16% -7.35% 2.49% 39.36% 63.65%

          Important Information
          Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertanly become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

          The graphs shown are supplied by an external data provider and may contain data that appears to preced the introduction of the clean unit class for this fund. In such cases, historial data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.



        Composition

        Important Documents


        The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

        Fund Provider Factsheet
        The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
        FUND PROVIDER FACTSHEET
        1,148,526 bytes PDF Document; last updated 31 Oct 2018
        Key Investor Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
        KEY INVESTOR INFORMATION DOCUMENT
        126,272 bytes PDF Document; last updated 31 Dec 2017
        Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
        ANNUAL REPORT
        459,451 bytes PDF Document; last updated 31 May 2018
        Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
        SEMI-ANNUAL REPORT
        446,185 bytes PDF Document; last updated 30 Nov 2017
        Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
        PROSPECTUS
        1,055,578 bytes PDF Document; last updated 01 Nov 2018

        Management Team

        Julian Fosh Anthony Cross

        Julian Fosh has managed this fund for 10 years and 6 months.

        Julian Fosh Julian 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.

        Manager Cumulative Performance v Peer Group

        Performance Graph

        All funds managed by Julian

        Name of Security Sole/Co Managed Since
        Liontrust UK Sm Cos Co Jun 2008
        Liontrust UK Growth Co Mar 2009
        Liontrust UK Sm Cos Co Jun 2008
        Liontrust UK Micro Cap Co Mar 2016
        Liontrust Spl Sits Co Jun 2008

        Anthony Cross has managed this fund for 13 years and 1 month.

        Anthony Cross Anthony 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.

        Manager Cumulative Performance v Peer Group

        Performance Graph

        All funds managed by Anthony

        Name of Security Sole/Co Managed Since
        Liontrust UK Sm Cos Co Jan 1998
        Liontrust UK Growth Co Mar 2009
        Liontrust UK Sm Cos Co Jan 1998
        Liontrust UK Micro Cap Co Mar 2016
        Liontrust Spl Sits Co Nov 2005
        • Acquisition activity has helped propel the performance of this fu...

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