Liontrust GF Tortoise Fund : Liontrust Global Funds PLC Prospectus

The Liontrust GF Tortoise Fund is a long/short global equity fund, lead managed by Matthew Smith and co-managed by Tom Morris. The Fund is actively managed using a combination of long equity positions and short CFD positions.

Past performance is not a guide to future performance. The value of an investment and the income generated from it can fall as well as rise and is not guaranteed. You may get back less than you originally invested.

Matthew Smith and Tom Morris both joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management and are members of the Global Fundamental team. Matthew has 28 years’ experience managing funds. Prior to joining Majedie in 2006, Matthew had worked at Deutsche Bank, Credit Suisse and NPI. Tom joined Majedie as an Analyst on the graduate programme in 2009 and also co-manages the LF Liontrust Global Equity and LF Liontrust Global Focus funds.

Key Risks 

Past performance is not a guide to future performance. The value of an investment and the income generated from it can fall as well as rise and is not guaranteed. You may get back less than you originally invested. The issue of units/shares in Liontrust Funds may be subject to an initial charge, which will have an impact on the realisable value of the investment, particularly in the short term. Investments should always be considered as long term. Investment in funds managed by the Global Fundamental Team may involve investment in smaller companies.

These stocks may be less liquid and the price swings greater than those in, for example, larger companies. Investment in funds managed by the Global Fundamental Team may involve investment in smaller companies.

These stocks may be less liquid and the price swings greater than those in, for example, larger companies. Some of the funds may hold a concentrated portfolio of stocks, meaning that if the price of one of these stocks should move significantly, this may have a notable effect on the value of that portfolio. Investment in the funds may involve foreign currencies and may be subject to fluctuations in value due to movements in exchange rates.

Some of the funds may invest in emerging markets/soft currencies and in financial derivative instruments, both of which may have the effect of increasing volatility.

Investment Process

The Liontrust GF Tortoise Fund is a long/short equities fund that invests globally.

The Fund aims to deliver a positive absolute return over rolling three-year periods

The investment team combines a bottom-up, stock-picking process with detailed study of the macro environment and generally takes a “Value” orientated approach to investing for both long and short positions.

ESG (environmental, social and governance) factors are assessed as part of the stock selection process for long positions held in the Fund.

Past performance is not a guide to future performance. The value of an investment and the income generated from it can fall as well as rise and is not guaranteed. You may get back less than you originally invested.