Liontrust Assessment of Value Report - Flipbook - Page 136
Liontrust MA Dynamic Passive Progressive Fund
The Fund seeks to achieve capital growth and income with an
above median level of volatility. The Fund invests in equities
globally, including emerging markets, fixed income and property.
The underlying funds will, where practicably possible, be passive.
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
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 29.0% over the last five years**.
Much of the Fund’s positive performance came from equities, with all its
holdings in the asset class producing positive returns. US equities generated
the strongest contribution to performance, followed by the UK, Europe ex UK,
Japan, Developed Asia and emerging markets.
High yield and corporate bonds were positive contributors, although mediumterm gilts and global government debt weighed on performance.
We can confirm that the Fund 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.
136 - Liontrust Assessment of Value Report
