Liontrust
Liontrust GF High Yield Bond Fund
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy and positions in 13 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year — follow all of Liontrust for every strategy.
Performance
as of Sep 30, 2026 · net of fees · GBP · C5 Acc GBP
- 1Y+2.5%index +1.9%
Index: ICE BofA Global High Yield Hedged GBP
| 1Y | |
|---|---|
| Liontrust GF High Yield Bond Fund | +2.5% |
| ICE BofA Global High Yield Hedged GBP | +1.9% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
Exits included small holdings in Engineering, an Italian provider of IT services and software, and O-I Glass, a packaging company whose operating performance had remained persistently weak.
Exits included small holdings in Engineering, an Italian provider of IT services and software, and O-I Glass, a packaging company whose operating performance had remained persistently weak.
- New positionRaiffeisenbankSep 2026
Raiffeisenbank and Triodos Bank added selective financial exposure, while Osprey Financing is the financing vehicle supporting Anglian Water's regulated water and wastewater operations.
Raiffeisenbank and Triodos Bank added selective financial exposure, while Osprey Financing is the financing vehicle supporting Anglian Water's regulated water and wastewater operations.
- New positionOsprey FinancingSep 2026
Raiffeisenbank and Triodos Bank added selective financial exposure, while Osprey Financing is the financing vehicle supporting Anglian Water's regulated water and wastewater operations.
New holding Pagaya was a strong contributor to returns.
- New positionShutterflyJun 2026
The Fund took holdings in bonds issued by Audax Renewables, Sealed Air, Castrol, Capsugel, Fiber Corp, Enquest, TMD Friction and Shutterfly.
- New positionFiber CorpJun 2026
The Fund took holdings in bonds issued by Audax Renewables, Sealed Air, Castrol, Capsugel, Fiber Corp, Enquest, TMD Friction and Shutterfly.
we also sold out of Goodyear due to concerns about competition from cheap imports and general malaise in OEM production and packaging distributor Veritiv after persistent anaemic quarterly results failing to evidence margin expansion (and therefore deleverage) from its M&A-based growth strategy.
The Fund took holdings in bonds issued by Audax Renewables, Sealed Air, Castrol, Capsugel, Fiber Corp, Enquest, TMD Friction and Shutterfly.
- New positionHouse of HRJun 2026
We also took a new position in former holding House of HR.
- New positionCapsugelJun 2026
The Fund took holdings in bonds issued by Audax Renewables, Sealed Air, Castrol, Capsugel, Fiber Corp, Enquest, TMD Friction and Shutterfly.
The Fund took holdings in bonds issued by Audax Renewables, Sealed Air, Castrol, Capsugel, Fiber Corp, Enquest, TMD Friction and Shutterfly.
we also sold out of Goodyear due to concerns about competition from cheap imports and general malaise in OEM production and packaging distributor Veritiv after persistent anaemic quarterly results failing to evidence margin expansion (and therefore deleverage) from its M&A-based growth strategy.
We exited holdings in Sig Plc and Wabash National.
- New positionTMD FrictionJun 2026
The Fund took holdings in bonds issued by Audax Renewables, Sealed Air, Castrol, Capsugel, Fiber Corp, Enquest, TMD Friction and Shutterfly.
- New positionCastrolJun 2026
The Fund took holdings in bonds issued by Audax Renewables, Sealed Air, Castrol, Capsugel, Fiber Corp, Enquest, TMD Friction and Shutterfly.
We exited holdings in Sig Plc and Wabash National.
The Fund took holdings in bonds issued by Audax Renewables, Sealed Air, Castrol, Capsugel, Fiber Corp, Enquest, TMD Friction and Shutterfly.
Also held
- Wilsonart
- EnQuest
- House of HR
- Jane Street
- Burford Capital
- Virgin Media