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Latin America
Liontrust Latin America Fund
Managed by Liontrust Investment Partners LLPPart of Liontrust Investment Funds I
Latest factsheet
Aug 2026
Fund size
£21.7m
Yearly charge
0.89%
Manager fee
0.75%
Income yield
4.51%
Holdings
49
Launched
3 Dec 2007
The Fund is managed by Thomas Smith and Ewan Thompson. It aims to generate capital growth over the long term (5 years or more). The Fund invests at least 80% in shares of Latin American companies. These are companies in countries which, at the time of purchase, appear anywhere in the MSCI EM Latin America index.
Thomas Smith (Fund Manager) · Ewan Thompson (Fund Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | -4.10% | -0.70% | +1.10% | Bottom 25% |
| 3M | -9.20% | -6.80% | -4.70% | Bottom 25% |
| 6M | +7.40% | +11.00% | +14.20% | Bottom 25% |
| YTD | -2.30% | -1.90% | -1.40% | Lower half |
| 1Y | +18.70% | +24.50% | +32.20% | Bottom 25% |
| 3Y | +27.10% | +27.90% | +40.80% | Lower half |
| 5Y | +30.90% | +43.70% | +67.90% | Bottom 25% |
| Since launch | +83.00% | +98.60% | +115.40% | Bottom 25% |
Calendar-year performance
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| +51.50% | +18.60% | +3.80% | +23.20% | -18.10% | -16.10% | +15.20% | +17.80% | -19.90% | +35.10% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Petroleo Brasileiro SA - Petrobras | 7.50% | |
| 2 | NU Holdings Ltd/Cayman Islands | 6.50% | |
| 3 | Grupo Mexico SAB de CV | 5.90% | |
| 4 | Vale SA | 5.50% | |
| 5 | Itau Unibanco Holding SA | 4.10% | |
| 6 | Grupo Financiero Banorte SAB de CV | 3.80% | |
| 7 | Credicorp Ltd | 3.50% | |
| 8 | Fomento Economico Mexicano SAB de CV | 3.00% | |
| 9 | Banco Itau Chile SA | 2.90% | |
| 10 | Sao Martinho S/A | 2.60% |
Portfolio breakdown
Sector
| Financials | 35.30% | |
| Materials | 22.20% | |
| Consumer Staples | 10.90% | |
| Energy | 9.40% | |
| Industrials | 8.40% | |
| Consumer Discretionary | 7.10% | |
| Utilities | 3.90% | |
| Health Care | 2.20% | |
| Communication Services | 1.40% |
Geography
| Brazil | 52.60% | |
| Mexico | 23.70% | |
| Chile | 10.10% | |
| Peru | 8.00% | |
| Colombia | 4.60% | |
| United States | 1.00% | |
| Argentina | 1.00% | |
| Cash & Derivatives | -1.00% |
Market cap
| Large | 62.50% | |
| Small | 19.40% | |
| Mid | 18.80% | |
| Micro | 0.30% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| – | GB00B909HH53 | B909HH5 | – | – | 0.75% | 0.89% | £250k |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Aug 2026 | View original factsheet ↗ | 14 Sept 2026 |
| Jul 2026 | View original factsheet ↗ | 21 Aug 2026 |