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Liontrust UK Micro Cap Fund (I)

Ranked 4 out of 52 in - UK Smaller Companies over 12 months
All calculations are in GBP unless stated

Managed by

Anthony Cross

Anthony Cross joined Schroder Investment Management as a research analyst in 1990 having graduated from Exeter University with a politics degree earlier that year. He moved to the group’s smaller companies team in 1994 and was number two on the desk by 1995. Cross made the switch to Liontrust in 1997 to become a director of Liontrust Investment Services Limited.

Julian Fosh

Born in 1963, Julian Fosh graduated from Merton College, Oxford, in Jurisprudence. The bulk of his career was spent with Scottish Amicable Investment Managers in a 13-year stint prior to its acquisition by Britannic in 1997. He spent less than a year at the new entity before moving to Scottish Friendly. As investment director of the group, his responsibilities included the management of the Scottish Friendly Managed Growth and Scottish Friendly UK Growth unit trusts. Fosh made the switch to Saracen Fund Managers in June 2004 where he worked alongside Jim Fisher on the Saracen Growth Alpha fund. He joined Liontrust in 2008.

Victoria Stevens

Victoria Stevens, 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 Cross and Julian Fosh. 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 Tonge

Matthew Tonge joined the Liontrust trading desk in 2003 from Barclays Capital Asset Management, becoming a partner in 2011 and is responsible for execution across all the firm’s assets. Having worked closely with Anthony Cross and Julian Fosh 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 Bachelor 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.

Objective

The fund aims to to provide long-term capital growth by investing primarily in small UK companies. The Fund invests at least 70% in securities of small UK domiciled companies. A majority of the Fund will be invested in UK domiciled companies with a market capitalisation of less than 150m. These are commonly known as micro cap companies.

Performance

UK Smaller Companies over : 31/08/2017 - 31/08/2018

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 4.2% 9.2%
2017 22.2% 7.4% 6.5% 1.5% 5.2%
2016 -2.7% 10.8% 5.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/06/2018

Top 10 Holdings

Stock Size
GBP Cash 9.16%
Mind Gym PLC ORD 2.71%
Nasstar PLC ORD 2.59%
Oxford Metrics PLC ORD 2.46%
Curtis Banks Group PLC ORD 2.36%
Bioquell PLC ORD 2.34%
Mattioli Woods PLC ORD 2.32%
Lighthouse Group PLC ORD 2.31%
IMImobile PLC ORD 2.20%
Brulines Group Plc ORD 2.13%
30/06/2018

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date09/03/2016
  • Share Class size35Mn
  • Base currencyGBP
  • ISIN GB00BDFYHP14

Purchase Info

  • Min. initial investment5Mn
  • Min. regular additional investment100,000

Charges

  • Initial investment0.00%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).