Liontrust Assessment of Value Report - Flipbook - Page 149
Given a number of real assets that the Fund holds, such
as bonds, also failed to provide positive returns over
the five-year period and its income and diversification
targets were met, the Fund has been scored Amber.
Quality of service
Our assessment has considered the range and quality of
services experienced by investors. We have concluded
that the quality of services provided to our investors by
Liontrust or the companies we work with is in line with
expectations. This has been assessed through a detailed
review of the services we provide, our engagement with
investors, communications and governance, and has been
confirmed through our investor survey. We continue to
focus on elements of our services that can be enhanced.
AFM costs – general
We have reviewed the costs that investors pay for the
operation and management of the Fund. Our assessment
has concluded that the costs of services provided to the
Fund remain appropriate. We will continue to review
the costs and charges of the Fund at least annually.
Economies of scale
Our assessment has considered whether we are able to
generate efficiencies to achieve economies of scale and
if benefits have been passed onto our investors. The Fund
benefits from a model which provides clarity of Fund costs
to investors and enables a potential reduction in fees as
the Fund increases in size. Our investors have been able
to benefit from an improvement in service as a result of reinvestment in the business.
Comparable services
There are no Comparable services provided for this
Fund.
Classes of shares or units
Our assessment has considered whether investors are
invested in the most appropriate share class that is
available to them. Based on the information available
to us, our review concluded that investors are invested
in the most appropriate share class for the Fund. We
will continue to monitor the charges of our classes to
ensure they meet the needs of our investors.
Comparable market rates
We have assessed the charges of this Fund against
comparable funds in its peer group. Our assessment has
concluded that the ongoing charges figure (OCF) of the
Fund is less than, or in line with, other comparable funds
in its peer group.
We have assessed the OCF of the other classes of the
Fund, and the outcome of each class can be found in
the table on the previous page. We will continue to
monitor the charges of the Fund to ensure these remain
appropriate on an ongoing basis.
Liontrust Assessment of Value Report - 149
