Liontrust Assessment of Value Report - Flipbook - Page 118
Liontrust MA Blended Growth Fund
The Fund seeks to achieve capital growth and income with a
moderately high level of volatility. The underlying funds in the
portfolio invest globally (including in emerging markets) across
asset classes and financial instruments. The underlying funds will
Overall value
assessment
We have evaluated the
Fund against all seven
criteria in our assessment
of the value it provides to
investors. While the Fund
has received an Amber for
Comparable market rates,
we have concluded that the
Fund has performed in line
with expectations and the
Fund’s charges are justified
given the overall value
that has been delivered to
investors.
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of the Assessment of
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be a blend of active and passive. The Fund typically has greater
exposure to higher risk assets than other funds in the Liontrust MA
Blended Funds range that have a lower risk profile.
Class A
Class R
Class S
Direct Retail
Legacy Retail
Wholesale*
Performance
Quality of service
AFM costs – general
Comparable market rates
Economies of scale
Comparable services
Classes of units
*This is the representative share class for Performance and Comparable market rates.
Performance
We have assessed the investment performance of the Fund against its stated
investment objective that is set out in its prospectus. We considered whether
the Fund has performed how we and investors would expect it to given the
market conditions it has been operating under and its investment philosophy,
strategy and process.
The Fund’s objective is to target a specific level of long-term (15 years)
volatility while trying to maximise the total return which may be in the form
of either income or capital growth. In March 2023, the Liontrust Multi-Asset
team adopted new bespoke Strategic Asset Allocations and a new provider
for oversight of the Liontrust risk profiles.
The Fund has delivered a return of 37.4% over the last five years**.
All equity investments delivered positive returns for the Fund over five years,
with North American equities providing the strongest contribution. Other
notable contributors were the UK, Europe ex-UK, Japan, Developed Asia and
emerging markets equities.
The Fund has very limited exposure to fixed income. High yield, convertibles
and corporate bonds were all positive over the period, while medium-term
gilts and global government bonds were flat.
The only asset class that detracted from performance over the five-year period
was alternatives.
We can confirm the Fund has stayed within its targeted risk band and is on
track to meet the expected level of volatility over the long term.
This document is intended to be for
information purposes only. It is not
marketing material.
**Source: Financial Express, as at 30.06.24, total
return.
118 - Liontrust Assessment of Value Report
