Liontrust Assessment of Value Report - Flipbook - Page 128
Liontrust MA Dynamic Passive Adventurous Fund
The Fund seeks to achieve capital growth and Income with
a high level of volatility. The Fund invests in equities globally,
including emerging markets, and allocates a small proportion
to fixed income and property. The underlying funds will, where
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.
Go back to the Summary
of the Assessment of
Value table
practicably possible, be passive. The Fund typically has greater
exposure to higher risk assets than other funds in the Liontrust MA
Dynamic Passive range that have a lower risk profile.
Class A
Class D
Class R
Class S
Class Z
Direct Retail
Wholesale
Legacy
Retail
Wholesale*
Internal
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 47.3% over the last five years**.
The Fund’s equity holdings delivered the strongest returns, with the US and UK
contributing the most, followed by Europe ex-UK, Japan, emerging markets and
Developed Asia.
On the fixed income side, high yield generated positive returns but medium-term
gilts weighed on performance. Alternatives and cash were small contributors 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.
128 - Liontrust Assessment of Value Report
