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This website is operated by Causeway Securities Limited, which is authorised and regulated by the Financial Conduct Authority (FCA), Firm Reference Number: 749440. 

By accessing or using this website, you agree to the following terms and conditions. 

General Use and Audience 

This website is intended to provide general information about Causeway Securities’ products and services. It may be accessed by: 

  • Retail clients 
  • Professional advisers 
  • Institutional investors 

However, the content is not tailored to any specific client type and must not be relied upon as financial advice. Users should consult a qualified financial adviser before making investment decisions. 

No Advice or Offer 

Nothing on this website constitutes: 

  • Investment advice 
  • A personal recommendation 
  • A solicitation or offer to buy or sell any financial instrument 

Content is provided for general information purposes only. Decisions made based on this information are solely the responsibility of the user. 

Investment Risks 

Investing involves risks, including but not limited to: 

  • Loss of capital (you may not get back the amount originally invested) 
  • Counterparty risk (especially for structured products) 
  • Market risk 
  • Liquidity constraints 
  • Early redemption risk 

You should read and understand all Key Risks and General Risk Factors related to our structured products before making an investment decision. 

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By using this site, you confirm that you: 

  • Accept the Terms of Use 
  • Understand the risks involved in investment products 
  • Will seek independent advice if uncertain about suitability 

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Regulatory Status

Causeway Securities Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom (FRN 749440) and is an authorised financial services provider regulated by the Financial Sector Conduct Authority (FSCA) in South Africa (FSP No. 52397). Causeway Securities Ltd is incorporated in England and Wales (Company No. 0102661) with its registered office at 60 Cannon Street, London, England, EC4N 6NP.

Causeway Securities LLC is a wholly owned subsidiary of Causeway Securities Ltd. It is a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
You can review the background of Causeway Securities LLC on the FINRA BrokerCheck website at https://brokercheck.finra.org.

Causeway Securities LLC acts solely as a distributor/selling agent of structured note products. It is not the issuer, underwriter, or guarantor of any investment products and does not provide investment advice or personal recommendations.

Important Legal Information

This website is operated by Causeway Securities Limited (UK FCA-authorised, FRN749440). By accessing or using this website, you agree to the following terms.

General Use and Audience

This website is intended to provide general information about Causeway Securities’ products and services. It may be accessed by:

  • Retail clients
  • Professional advisers
  • Institutional investors

Content is not tailored to your specific circumstances and should not be relied upon as financial advice. You should consult a licensed financial professional before making investment decisions.

No Advice or Offer

Nothing on this website constitutes:

  • Investment advice
  • A personal recommendation
  • An offer or solicitation to buy or sell any security

All content is provided for informational purposes only. You alone are responsible for any investment decisions made based on this information.

Investment Risks

Investing in financial instruments, including structured products, involves risks such as:

  • Loss of some or all of your principal
  • Counterparty/credit risk
  • Market volatility
  • Liquidity constraints
  • Early redemption or call risk

Before investing, carefully review and understand all Key Risks and General Risk Factors [link] associated with our structured products.

Data Protection and Privacy

We respect your privacy. Causeway Securities Ltd complies with UK GDPR, the UK Data Protection Act 2018, and other applicable privacy laws. Causeway Securities LLC complies with relevant U.S. federal and state privacy laws, including Regulation S-P.
See our:

We do not sell your personal data to third parties. By using this site, you consent to the use of cookies as described in our Cookie Policy.

Terms of Access

By using this site, you confirm that you:

  • Accept the Terms of Use
  • Understand the risks involved in investment products
  • Will seek independent advice if uncertain about suitability
I agree

Important Legal Information 

This website is operated by Causeway Securities Limited, which is authorised and regulated by the Financial Conduct Authority (FCA), Firm Reference Number: 749440. 

By accessing or using this website, you agree to the following terms and conditions. 

General Use and Audience 

This website is intended to provide general information about Causeway Securities’ products and services. It may be accessed by: 

  • Retail clients 
  • Professional advisers 
  • Institutional investors 

However, the content is not tailored to any specific client type and must not be relied upon as financial advice. Users should consult a qualified financial adviser before making investment decisions. 

No Advice or Offer 

Nothing on this website constitutes: 

  • Investment advice 
  • A personal recommendation 
  • A solicitation or offer to buy or sell any financial instrument 

Content is provided for general information purposes only. Decisions made based on this information are solely the responsibility of the user. 

Investment Risks 

Investing involves risks, including but not limited to: 

  • Loss of capital (you may not get back the amount originally invested) 
  • Counterparty risk (especially for structured products) 
  • Market risk 
  • Liquidity constraints 
  • Early redemption risk 

You should read and understand all Key Risks and General Risk Factors related to our structured products before making an investment decision. 

Data Protection and Privacy 

We are committed to protecting your privacy and complying with the UK GDPR and Data Protection Act 2018. For more details, see our: 

We do not sell your data to third parties. By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy. 

Terms of Access 

By using this site, you confirm that you: 

  • Accept the Terms of Use 
  • Understand the risks involved in investment products 
  • Will seek independent advice if uncertain about suitability 

You must submit your agreement before access to the site can be granted

I agree

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T: +44 28 9592 6119

E: dealing@causeway-securities.com

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T: +44 28 9592 6119

E: portal@causeway-securities.com

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Investment fund

Causeway Dynamic Growth Fund

A strategic approach to achieving equity-like returns with lower volatility and managed risk.

Watch fund overview
Overview
Cumulative performance
Potential performance
Why invest
How to invest
Fund documentation
Key risks

Overview

The Causeway Dynamic Growth Fund is designed to provide more predictable equity-like returns in an unpredictable market. The Fund aims to generate 8%-9% annualised returns in all but the bleakest market conditions, offering security backed by G7 Government Bonds.

The Fund is UCITS compliant, registered in Ireland and is available through all major international Platforms and Life Companies. As part of the Fund's global footprint, it is Section 65 approved by FSCA in South Africa and registered with MAS in Singapore for accredited investors.

The Fund is designed to be held within a diversified portfolio, offering defined and predictable return profiles with daily liquidity. It achieves this by combining high-quality government bonds with a disciplined allocation to defined-return equity-linked instruments, helping to control volatility while maintaining consistent return potential.

Cumulative Performance

This section shows the cumulative fund performance over given time periods. Returns are presented as percentage gains or losses and reflect the impact of market performance and reinvestments, net of fees.

 

Share class 1 month 3 months 1 year 3 years 5 years Since inception
USD A -2.33% -1.87% 13.63% 50.92% 47.44% 59.40%
GBP A -2.37% -2.00% 12.18% 47.12% 40.00% 49.18%

Past performance is no guarantee of future results. Inception date 4 February 2020.

Source: Bloomberg, Causeway Securities. NAV performance, net of fees, 31 March 2026.

Potential performance

The Funds future performance can be estimated for a range of equity market moves over different time periods per the table below. For example, if global equity indices are flat (0%) for the next three years, the Fund is expected to generate performance of +20% over that period. The scenarios presented on the left are an estimate of future performance based on existing Fund portfolio and current derivative market conditions and are not an exact indicator. Actual returns may vary from the above depending on how the market performs.

The scenarios presented on the left are an estimate of future performance based on existing Fund portfolio and current derivative market conditions and are not an exact indicator. Actual returns may vary from the above depending on how the market performs.

Global Equity Indices Move -30% -20% -10% 0% +10% +20% +30%
Fund performance 1 year -25% -11% -3% 8% 12% 13% 14%
Fund performance 2 year -23% -7% 3% 15% 18% 19% 20%
Fund performance 3 year -20% -5% 8% 20% 23% 25% 26%

Source: Causeway Securities as at 31 October 2025

Why invest in this Fund?

Targeting predictable returns of 8% – 9% per annum
Aims to generate consistent returns over the medium to long term with reduced sensitivity to global equity market falls.

Diversification Strategy
The Fund aims to maximise growth potential while managing volatility by investing in a blend of defined return investment instruments linked to the performance of global equities.

G7 Government Bond Security
All instruments in the portfolio are backed by G7 Government Bonds, providing unrivalled security for this type of investment.

Medium Risk Profile
Balanced approach that seeks growth while maintaining medium risk parameters for international investors with longer time horizons.

Multiple Share Class Options
The Fund is available in multiple currencies (USD, GBP, EUR and JPY) and a special share class is available for investors requiring regular income, with quarterly distributions paid from capital growth.

How to invest

Available through all major International Platforms and Life Companies:

 

 

 

UCITS compliant fund registered in Ireland with global footprint: Available in South Africa – Section 65
approved by FSCA and registered with MAS in Singapore for accredited investors.

The minimum investment is $1,000/£1,000/€1,000.

Can investment be redeemed at any time?

Yes, given the UCITS structure the Causeway Dynamic Growth Fund provides daily liquidity to investors, regardless of share class.

Fund documentation

Factsheets
KIIDs
Legal documents

Potential risks to consider

Equity market risk
The Fund's positions are linked to equity markets and subject to their fluctuations.

Short-term volatility
May experience short-term volatility despite long-term stability goals.

Extreme market conditions
Capital loss possible if markets sustain a prolonged drastic fall (circa >35%).

Capped upside
Limited ability to benefit from sustained significant market upswings.

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Overseas investment will be affected by movements in currency exchange rates. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events. The Fund uses derivatives as part of its investment strategy. Compared to a fund which only invests in traditional instruments such as stocks and bonds, derivatives are potentially subject to a higher level of risk. The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Alternative fund options

Levendi Thornbridge Defined Return Fund

Aims to generate positive returns of SONIA + 6.00% in all but significant and sustained market falls.

Learn more View fund factsheet

Fund enquiry

Complete the form below to request a member of our fund team to contact you and answer any queries you may have about our Defined Growth Funds