Liontrust Assessment of Value Report - Flipbook - Page 138
Liontrust MA Dynamic Passive Prudent Fund
The Fund seeks to achieve capital growth and income with a low
level of volatility. The underlying funds in the portfolio invest globally,
including in emerging markets, across asset classes and financial
instruments and will, where practicably possible, be passive. The
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
Fund typically has a lower exposure to higher risk assets and a
greater exposure to lower risk assets than other funds in the Liontrust
MA Dynamic Passive range that have a higher 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 (seven 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 8.7% over the last five years**. The Fund
has met its stated investment objective of achieving capital growth and income
in absolute terms.
All the Fund’s equity holdings delivered positive returns over the five-year period.
US equities made the strongest contribution, followed by the UK, Japan, Europe
ex UK, emerging markets and Developed Asia.
High yield was a small positive contributor to performance, followed by corporate
bonds, while global ex-UK fixed income was largely flat. Medium-term gilts were
the main detractor to performance over the period.
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.
138 - Liontrust Assessment of Value Report
