Liontrust Assessment of Value Report - Flipbook - Page 130
Liontrust MA Dynamic Passive Growth Fund
The Fund seeks to achieve capital growth and income with a
moderately high level of volatility. The Fund invests in equities
globally, including emerging markets, and allocates a smaller
proportion to fixed income and property. 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. 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
where 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 (SAAs) and a new provider
for oversight of the Liontrust risk profiles.
The Fund has delivered a return of 41.1% over the last five years**.
The Fund is heavily weighted towards equities and has a small exposure to
fixed income. All the Fund’s equity positions delivered positive returns, with the
lion’s share coming from North America, followed by the UK, Europe ex-UK,
Japan, emerging markets and Developed Asia. Fixed income was largely flat,
with a very slight negative performance for global government debt.
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.
130 - Liontrust Assessment of Value Report
