Liontrust Assessment of Value Report - Flipbook - Page 153
Quality of service
Economies of scale
In our assessment, we have considered the quality of
services received by investors. This has been assessed
through an evaluation of the services that Liontrust or
other companies on our behalf continue to provide,
despite dealing in the Fund being suspended. We have
communicated the suspension of dealing and waiving of
fees to our investors and our website has been kept up
to date with relevant information. We have concluded
that the quality of services provided to our investors is in
line with expectations.
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 provides clarity over Fund costs to investors. If
the Fund was not suspended, its model would enable a
potential reduction in fees as the Fund increases in size.
AFM costs – general
The Annual Management Charge (AMC) for the Fund has
been waived from 1 March 2022. In our assessment,
we have considered the costs incurred by the Fund for
a period before the fees were waived. Our assessment
has concluded that the costs of services provided to the
Fund during this period were appropriate.
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 or unit 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 classes for the Fund.
Comparable market rates
At the time of completing our pricing review for
Comparable market rates, the AMC and Administration
Fee had been waived and we could not meaningfully
assess the Fund’s charges against others in the same
peer group.
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