This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price
508.32p/504.99p
3.15p (+0.63%)
Fund Code
LTUGI
B56BDS0
GB00B56BDS09
Prices updated as at 23 Dec 2024
Prices in GBX
Investment objective
The Fund aims to deliver capital growth over the long term (5 years or more). The Fund will invest at least 90% in companies which are incorporated, domiciled or conduct significant business in the United Kingdom (UK). The Fund will typically invest 90% (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.
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.
- Key stats
- Growth
- Fidelity insight
- Performance
- Charges & documents
- Dividends
- Portfolio
- Risk & rating
- Management
Our view
Why we like the fund:
This fund invests primarily in companies listed in the UK, although it may invest smaller amounts into companies listed outside the UK too. Liontrust seems committed to investing in its UK equity team, which is rare as many investment firms have reduced UK equity resourcing and focus more on global capabilities. The team is comprised of seasoned UK equity managers with a clear investment philosophy. They seek to identify companies that possess intangible assets or other durable competitive advantages that will allow them to defy industry competition and sustain a higher-than-average level of profitability for longer than expected. This is difficult to do, but the team has done it well over the long term.
How to use the fund:
The fund's approach has a 'quality' bias, leading it to buy companies that tend to be more expensive than others. Because of this, the manager takes a very long-term view when investing, to allow for the power of compounding to take effect. Investors should do the same, investing over a period of ten years or more. This approach blends well with a 'value' fund such as Fidelity Special Situations.
