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Ethical Fund
Managed by Liontrust Investment Partners LLPPart of Hbos Specialised Investment Funds ICVC
Latest factsheet
Jul 2026
Fund size
£345.0m
Yearly charge
0.79%
Manager fee
0.70%
Income yield
1.89%
Holdings
35
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 | +9.50% | +7.10% | +5.20% | Top 25% |
| 3M | +9.10% | +6.50% | +8.50% | Top 25% |
| 6M | +10.40% | +9.30% | +11.80% | Upper half |
| YTD | +2.90% | +3.90% | +3.90% | Bottom 25% |
| 1Y | +5.80% | +14.60% | +23.50% | Bottom 25% |
| 3Y | +22.50% | +39.90% | +58.00% | Bottom 25% |
| 5Y | -9.70% | +37.60% | +90.20% | Bottom 25% |
| Since launch | +362.60% | +325.40% | +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 | 5.10% | |
| 2 | Compass Group PLC | 5.00% | |
| 3 | NatWest Group Plc | 4.70% | |
| 4 | Admiral Group plc | 4.50% | |
| 5 | Legal & General Group plc | 4.20% | |
| 6 | Gym Group Plc | 4.10% | |
| 7 | Kingspan Group plc | 4.10% | |
| 8 | AJ Bell plc | 4.00% | |
| 9 | Helios Towers plc | 3.80% | |
| 10 | Wise Group plc | 3.70% |
Portfolio breakdown
Sector
| Financials | 33.70% | |
| Industrials | 25.70% | |
| Consumer Discretionary | 13.10% | |
| Information Technology | 12.50% | |
| Utilities | 7.00% | |
| Communication Services | 5.10% | |
| Consumer Staples | 2.20% | |
| Cash & Derivatives | 0.60% | |
| Real Estate | 0.10% |
Geography
| United Kingdom | 95.30% | |
| Ireland | 4.10% |
Market cap
| Small | 35.20% | |
| Large | 30.70% | |
| Mid | 21.60% | |
| Micro | 8.90% | |
| Cash & Derivatives | 0.60% |
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 |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 21 Aug 2026 |