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Ethical Fund
Managed by Liontrust Investment Partners LLPPart of Hbos Specialised Investment Funds ICVC
Latest factsheet
Aug 2026
Fund size
£349.4m
Yearly charge
0.79%
Manager fee
0.70%
Income yield
1.80%
Holdings
36
Launched
10 May 1999
The Fund aims to deliver capital growth over the long term (5 years or more) using the Sustainable Future investment process. This process uses a thematic approach to identify the key structural growth trends that will shape the global economy of the future and the fund managers then seek to invest in well run companies whose products and operations capitalise on these transformative changes. The Fund invests in companies incorporated, domiciled or which conduct significant business in the United Kingdom (UK).
Peter Michaelis (Fund Manager) · Simon Clements (Fund Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | +7.80% | +5.70% | +4.70% | Top 25% |
| 3M | +11.70% | +3.70% | +1.10% | Top 25% |
| 6M | +14.30% | +10.50% | +11.80% | Top 25% |
| YTD | +3.60% | +1.10% | 0.00% | Top 25% |
| 1Y | +12.20% | +16.20% | +21.70% | Lower half |
| 3Y | +31.20% | +44.60% | +62.10% | Bottom 25% |
| 5Y | -10.30% | +34.70% | +86.70% | Bottom 25% |
| Since launch | +379.10% | +330.10% | +341.10% | Upper half |
Calendar-year performance
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| +4.50% | +22.50% | -7.30% | +37.80% | +2.80% | +10.40% | -25.30% | +3.60% | +10.00% | -3.10% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Softcat PLC | 5.30% | |
| 2 | Kingspan Group PLC | 5.00% | |
| 3 | Compass Group PLC | 4.60% | |
| 4 | Admiral Group PLC | 4.60% | |
| 5 | NatWest Group PLC | 4.40% | |
| 6 | Legal & General Group PLC | 4.00% | |
| 7 | AJ Bell PLC | 4.00% | |
| 8 | Wise Group PLC | 3.90% | |
| 9 | Experian PLC | 3.90% | |
| 10 | Gym Group PLC/The | 3.80% |
Portfolio breakdown
Sector
| Financials | 33.30% | |
| Industrials | 26.30% | |
| Information Technology | 13.70% | |
| Consumer Discretionary | 12.40% | |
| Utilities | 6.40% | |
| Communication Services | 5.40% | |
| Consumer Staples | 2.30% | |
| Private & Delisted | 0.50% | |
| Cash & Derivatives | -0.30% |
Geography
| United Kingdom | 95.30% | |
| Ireland | 5.00% |
Market cap
| Small | 28.80% | |
| Large | 25.60% | |
| Mid | 18.80% | |
| Micro | 8.30% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| 2 Acc GBP | GB00B8HCSD36 | B8HCSD3 | acc | – | 0.70% | 0.79% | £500k |
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 |