Liontrust Assessment of Value Report - Flipbook - Page 120
Liontrust MA Blended Intermediate Fund
The Fund seeks to achieve capital growth and income with a
median 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 be a
Overall value
assessment
We have evaluated the Fund
against all seven criteria in
our assessment of the value
it provides to investors. 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
Value table
blend of active and passive. The Fund typically has a balanced
exposure to higher risk assets and lower risk assets compared to
other funds in the Liontrust MA Blended Funds range that have a
higher or 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 17.8% over the last five years**.
All equity investments delivered positive returns for the Fund over five years.
North American equities provided the strongest contribution, followed by UK,
Japan, Developed Asia, then Europe and emerging markets equities.
Corporate bonds, high yield, convertibles and inflation-linked bonds were
the fixed income sectors that deliver positive returns. Medium-term gilts and
global government debt were negative. Alternatives were also a detractor to
performance.
We can confirm that 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.
120 - Liontrust Assessment of Value Report
