Liontrust GF Global Alpha Long Short Fund B8 Acc USD

To achieve long term capital appreciation by taking long and short positions primarily in global equities or equity related securities and equity related derivative contracts.  There is no guarantee that an absolute return will be generated over any time period.  The Fund invests in global equities. The Fund may also invest in other eligible asset classes as detailed within the prospectus.  The Fund is considered to be actively managed in reference to the benchmark(s) in the performance table by virtue of the fact that it uses the benchmark(s) for performance comparison purposes. The benchmark(s) are not used to define the portfolio composition of the Fund and the Fund may be wholly invested in securities which are not constituents of the benchmark.  The Fund may not be appropriate for investors who plan to withdraw their money within 5 years.  The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment.  You may buy or sell units on a daily basis (but not weekends or Bank Holidays). Orders must be received by 11:59am (Irish time) for execution at 12:00 midnight valuation point on the same day.  The Fund will invest in derivatives but it is not intended that their use will materially affect volatility. Derivatives are used to protect against currencies, credit and interest rate moves or for investment purposes. The use of derivatives may create leverage or gearing resulting in potentially greater volatility or fluctuations in the net asset value of the Fund. A relatively small movement in the value of a derivative's underlying investment may have a larger impact, positive or negative, on the value of a fund than if the underlying investment was held instead.  This is a Hedged Share Class. The Hedged share classes use forward foreign exchange contracts to protect returns in the base currency of the Fund.  The fund managers believe markets that are often irrational and price inefficiency can last for some time. The key to success, therefore, is to be flexible in shifting the balance of time allocated to different core investment disciplines to suit prevailing market forces. In particular, the fund managers will change the focus between fundamental analysis and technical analysis to capture opportunities as the elements that drive markets change.  The process is focused on identifying both better and poorer performing companies and constructing the fund’s portfolio to generate positive outcomes around those names. This is carried out through a screening process to reduce the funds’ target universe followed by in-depth fundamental company analysis. Intrinsic valuation of a company (using discounted cash flow modelling or relative to its peers) is also a core part of the approach.  Once the target list of better and poorer performing companies is identified, the fund managers use technical analysis and risk overlays to construct and manage the portfolio. The fund managers use technical research as a tool for deciding when to invest, how much to invest and how to manage an active position in funds. This technical analysis references measures such as share price, volume and relative strength indicators.