Liontrust First Growth Income Units
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.56% |
| Launch date | 01-04-1996 |
| Launch price | £1.00 |
| Sector | UK All Companies |
| Fund size | £382 million |
| Number of holdings | 76 |
| Fund type | Unit Trust |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Jeremy Lang invests in companies he thinks will grow their earnings above expectations. This has, of course, been difficult in an environment where earnings are being downgraded. Despite this he has found opportunities in areas like mining, industrials and oil. The fund has been relatively strong compared to its peers due to strong stock selection and avoiding the banking sector.
Full research
About the Fund Manager
Jeremy Lang
Located in: London
Jeremy Lang graduated with a First Class Honours Degree in Economics and Econometrics from York University where he won the Adam Smith prize for best degree. He went on to take a Masters Degree in the Economics of Finance and Investment at Exeter University. In 1986 he joined James Capel Fund Managers where he spent five years specialising in North American Equities. It was these experiences that led him to research, analyse and develop The Lang Approach and The Value Dynamic investment approaches that are now applied to the Liontrust First Income Fund and Liontrust First Growth Fund. He joined Liontrust in 1996 and has joint responsibility for the integrity of all other processes applied to the Group's investment products.
Income details
| Historic yield | 0.94% |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 January 2009 |
|---|---|
| Payment date ³ | 28 February 2009 |
Top 10 holdings
| Royal Dutch Shell B | 9.30% |
|---|---|
| BG Group | 4.14% |
| Rio Tinto | 3.58% |
| BHP Billiton | 3.55% |
| British American Tobacco | 3.35% |
| Anglo American | 2.68% |
| Diageo | 2.64% |
| Rotork | 2.52% |
| Petrofac | 2.35% |
| Reckitt Benckiser Group | 2.30% |
Top 10 sectors
| Oil & Gas Producers | 15.67% |
|---|---|
| Mining | 12.36% |
| Oil Equipment, Services & Distribution | 10.78% |
| Support Services | 10.45% |
| Industrial Engineering | 8.77% |
| Travel & Leisure | 5.20% |
| Financial Services | 4.82% |
| Aerospace & Defence | 4.76% |
| Software & Computer Services | 3.60% |
| Tobacco | 3.35% |
Top 10 countries
| United Kingdom | 97.61% |
|---|---|
| Cash and Equiv. | 2.19% |
| Ireland | 0.20% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 07-01-2009. Data accurate as at 30/09/2008.
