Morningstar Fund Report  | 05/04/2025Print

Liontrust Sustainable Future European Growth Fund Class 2 Net Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Liontrust Sustainable Future European Growth Fund Class 2 Net Accumulation
Fund13.7-27.76.71.3-0.4
+/-Cat-1.7-18.9-6.90.3-5.7
+/-B’mrk-3.5-20.2-8.3-0.7-8.1
 
Category: Europe ex-UK Equity
Category Benchmark: Morningstar DM Eur xUK TME ...
Key Stats
NAV
04/04/2025		 GBX 257.52
Day Change -4.54%
Morningstar Category™ Europe ex-UK Equity
IA (formerly IMA) Sector Europe Excluding UK
ISIN GB0030029390
Fund Size (Mil)
28/02/2025		 GBP 229.49
Share Class Size (Mil)
04/04/2025		 GBP 99.25
Max Initial Charge -
Ongoing Charge
01/04/2025		  0.87%
Morningstar Research
Analyst Report21/06/2024
Ronald van Genderen, Senior Analyst
Morningstar, Inc

Liontrust Sustainable Future European Growth benefits from an approach with long-standing roots in sustainable investing that has been consistently implemented. Execution is in the hands of a adequately resourced team headed by the well-regarded...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process24
Performance
Price
Investment Objective: Liontrust Sustainable Future European Growth Fund Class 2 Net Accumulation
The Fund aims to deliver capital growth over the long-term (5 years or more) through investment in sustainable securities. The Fund will invest in companies which are incorporated, domiciled, listed or conduct significant business in the EEA or Switzerland and will seek to achieve the investment objective through investment in securities that provide or produce sustainable products and services as well as having a progressive approach to the management of environmental, social and governance (“ESG”) issues. The Fund will typically invest 95% (minimum 80%) in equities or equity related derivatives but may also invest in collective investment schemes (up to 10% of Fund assets), corporate debt securities, other transferable securities, money market instruments, warrants, cash and deposits.
Returns
Trailing Returns (GBP)04/04/2025
YTD-6.02
3 Years Annualised-5.03
5 Years Annualised3.76
10 Years Annualised4.40
12 Month Yield 1.02
Management
Manager Name
Start Date
Martyn Jones
04/11/2019
Peter Michaelis
19/02/2001
Inception Date
19/02/2001

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe Ex UK NR GBPMorningstar DM Eur xUK TME NR EUR
Portfolio Profile for  Liontrust Sustainable Future European Growth Fund Class 2 Net Accumulation28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.890.0096.89
Bond0.000.000.00
Property0.000.000.00
Cash1.030.060.97
Other2.260.122.14
Top 5 Regions%
Eurozone43.18
Europe - ex Euro40.63
United States8.32
United Kingdom4.96
Canada2.91
Top 5 Sectors%
Technology25.93
Healthcare23.65
Financial Services15.50
Industrials14.48
Consumer Cyclical8.96
Top 5 HoldingsSector%
Alcon IncHealthcareHealthcare4.33
Spotify Technology SACommunication ServicesCommunication Services3.90
ASML Holding NVTechnologyTechnology3.88
Tryg ASFinancial ServicesFinancial Services3.81
Lifco AB Class BIndustrialsIndustrials3.49
Increase Decrease New since last portfolio
Liontrust Sustainable Future European Growth Fund Class 2 Net Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Liontrust Sustainable Future European Growth Fund Class 2 Net Accumulation
Category:  Europe ex-UK Equity
Category Index:  Morningstar DM Eur xUK TME NR EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-14.7925.8824.3113.72-27.676.661.32-0.37
+/- Category-3.036.6214.94-1.70-18.93-6.870.32-5.66
+/- Category Index--16.40-3.50-20.20-8.33-0.69-8.10
% Rank in Category811397498945591
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-4.54   -3.27-2.60
1 Week-8.30   -5.01-5.12
1 Month-10.16   -4.88-5.03
3 Months-6.72   -10.12-12.69
6 Months-6.99   -6.54-9.22
YTD-6.02   -9.78-12.39
1 Year-9.65   -8.72-11.30
3 Years Annualised-5.03   -10.69-12.51
5 Years Annualised3.76   -8.21-9.06
10 Years Annualised4.40   -2.62-2.84
 
Category: Europe ex-UK Equity
Category Index: Morningstar DM Eur xUK TME NR EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.37---
20245.10-2.160.83-2.27
20233.04-1.18-6.7112.27
2022-13.92-17.74-8.7711.95
2021-0.597.264.971.61
2020-10.8320.574.2510.90
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowHigh1 star
5-YearLowAbove Average1 star
10-YearLowAbove Average1 star
OverallLowAbove Average1 star
 
Category :  Europe ex-UK EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev17.43 %
3-Yr Mean Return-1.83 %
 
3-Yr Sharpe Ratio-0.34
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar DM Eur xUK TME NR EUR  Morningstar Dev Eur SMID TME NR EUR
3-Yr Beta1.221.09
3-Yr Alpha-11.58-6.28
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 16224-
Market Capitalisation% of Equity
Giant17.54
Large29.80
Medium42.28
Small10.38
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings21.181.33
Price/Book3.281.43
Price/Sales2.361.43
Price/Cash Flow17.161.51
Dividend-Yield Factor1.710.53
 
Long-Term Projected Earnings Growth7.690.76
Historical Earnings Growth9.791.30
Sales Growth8.582.39
Cash-Flow Growth27.518.94
Book-Value Growth8.151.46
 
Category: Europe ex-UK Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.890.0096.89
Bond0.000.000.00
Property0.000.000.00
Cash1.030.060.97
Other2.260.122.14
World Regions28/02/2025
 % of EquityRelative to Category
United States8.324.85
Canada2.9166.55
Latin America0.00-
United Kingdom4.963.19
Eurozone43.180.64
Europe - ex Euro40.631.40
Europe - Emerging0.000.00
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Europe ex-UK Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials2.050.31
Consumer CyclicalConsumer Cyclical8.960.88
Financial ServicesFinancial Services15.500.78
Consumer DefensiveConsumer Defensive2.090.32
HealthcareHealthcare23.651.66
Communication ServicesCommunication Services7.331.87
IndustrialsIndustrials14.480.69
TechnologyTechnology25.932.14
 
Category: Europe ex-UK Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings41
Total Number of Bond Holdings0
Assets in Top 10 Holdings35.84
NameSectorCountry% of Assets
Alcon Inc206Switzerland4.33
Spotify Technology SA308United States3.90
ASML Holding NV311Netherlands3.88
Tryg AS103Denmark3.81
Lifco AB Class B310Sweden3.49
Siemens AG310Germany3.48
Kingspan Group PLC310Ireland3.30
Novo Nordisk AS Class B206Denmark3.23
Nagarro SE Ordinary Shares311Germany3.22
CTS Eventim AG & Co. KGaA308Germany3.20
 
Increase Decrease New since last portfolio
Category: Europe ex-UK Equity
 
Management
Name of CompanyLiontrust Fund Partners LLP
Phone+352 464010600
Websitewww.liontrust.co.uk
AddressLiontrust Fund Partners LLP
 London   NULL
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date19/02/2001
Fund Advisor(s)
Liontrust Investment Partners LLP
Fund ManagerMartyn Jones
Manager Start Date04/11/2019
Career Start Year2012
Education
University of Glasgow, M.A.
 
Biography
Martyn Jones is Lead Fund Manager of the Liontrust Sustainable Future European Growth Fund and Liontrust Sustainable Future Pan-European Growth Fund. He joined Liontrust in 2017 following the acquisition of Alliance Trust Investments and became a Portfolio Manager in November 2019. Prior to Liontrust, Martyn spent five years at Alliance Trust Investments initially as a Graduate Trainee, and then as an Analyst with the Sustainable Investment team. Martyn has an MA (Hons) in Management from the University of Glasgow and a Masters in Sustainability Leadership at the University of Cambridge. Martyn has completed the IMC and is a CFA Charterholder.
Fund ManagerPeter Michaelis
Manager Start Date19/02/2001
Career Start Year2000
Education
University of Surrey, Ph.D.
University of Surrey, M.S.
University of Oxford, M.A.
 
Biography
Peter Michaelis joined Liontrust in April 2017 following the acquisition of Alliance Trust Investments, where he was Head of Investment. Peter has been managing money in Sustainable and Responsible Investment for over 20 years. After completing a PhD in Environmental Economics, Peter started his career working for the Steel Construction Institute as an Environmental Engineer. He then moved to Henderson Global Investors where he was able to use his experience as a Sustainable and Responsible Investment Analyst and Assistant Portfolio Manager. In 2001 he moved to Aviva Investors, where he was promoted to lead Portfolio Manager on a number of its Sustainable and Responsible Investment funds, before being made Head of Sustainable and Responsible Investment. Peter holds an MA in Physics from Oxford University, an MSc in Energy and Environmental Engineering from the University of Sussex and a PhD in Environmental Economics from the University of Surrey. In addition, he has the CFA Society of the UK Investment Management Certificate (IMC).
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.87%
Purchase Details
Minimum Investments
Initial500000  GBP
Additional25000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes