Fund launch date
31/12/1998
Fund size
£412,255,118.22
Number of holdings
63
Managed by current team for
25 years
Currently viewing:
The Fund
The Liontrust Balanced Fund is managed by Tom Hosking and Hong Yi Chen. The Fund aims to generate capital growth over the long term (5 years or more) with the potential for income through investing in global equities and bonds.
You are able to redeem your investment from the Fund at any time and there is no exit fee for doing so.
Past performance does not predict future returns. You may get back less than you originally invested. Reference to specific securities is not intended as a recommendation to purchase or sell any investment.
Key Information
Manager Inception Date of Fund
31/12/1998
Class Launch Date
03/10/2012
Comparator Benchmark 1
IA Mixed Investment 40-85% Shares
Price
Bid Price
225.550p
Offer Price
225.900p
Price Date
08/12/2023
Awards and Ratings
FE fundinfo Crown Rating: 4
Morningstar Rating: 4
Morningstar Sustainability Rating: 5
RSMR Rated Fund
Meet the team
Tom Hosking and Hong Yi Chen joined Liontrust in April 2022 as part of the acquisition of Majedie Asset Management and are members of the Global Fundamental team. Tom joined Majedie as an analyst on the graduate programme in 2014. Hong joined Majedie as an analyst on the graduate programme in 2010.
Past performance does not predict future returns. You may get back less than you originally invested. Reference to specific securities is not intended as a recommendation to purchase or sell any investment.
Performance
Performance since fund launch date
Discrete performance (%)
| As at previous quarter 12 months ending: | Sep 23 | Sep 22 | Sep 21 | Sep 20 | Sep 19 |
|---|---|---|---|---|---|
| Liontrust Balanced | 7.2 | -13.9 | 13.7 | 16.4 | 6.3 |
| IA Mixed Investment 40-85% Shares | 5.1 | -10.2 | 16.6 | -0.2 | 4.2 |
| Quartile Ranking | 2 | 4 | 4 | 1 | 1 |
Cumulative performance (%)
| As at previous day end | 1 month | 3 months | 6 months | YTD | 1 year | 3 years | 5 years | 10 years | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| Liontrust Balanced | 1.8 | 1.7 | 4.2 | 16.3 | 13.6 | 5.4 | 40.4 | 98.0 | 963.7 |
| IA Mixed Investment 40-85% Shares | 2.7 | 1.8 | 1.6 | 4.7 | 4.0 | 5.3 | 24.4 | 62.9 | 209.2 |
| Quartile Ranking | 4 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | - |
Source: FE fundinfo as at 08/12/2023. Performance figures are shown in GBX. Total return performance figures are calculated net of costs and charges, on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Where applicable the quartile rank is for the primary share class within the sector. If your investment is made in a currency other than that used in the past performance calculation the return may increase or decrease as a result of currency fluctuations.
Current positioning
Top 10 Holdings (%)
| MERCADOLIBRE INC | 4.04 |
|---|---|
| ALPHABET INC | 3.98 |
| NOVO NORDISK A/S | 3.28 |
| MICROSOFT CORPORATION | 2.86 |
| NOVARTIS AG | 2.83 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 2.63 |
| NASPERS LTD-N SHS | 2.63 |
| HIS MAJESTY`S TREASURY 0.125% IDX LKD TSY GILT 22/03/46 GBP1 | 2.47 |
| SAMSUNG ELECTRONICS CO., LTD GDR EACH REPR 1/2 KRW5000(REG S/144A) | 2.44 |
| HIS MAJESTY`S TREASURY 0.625% IDX LKD GILT 22/11/42 GBP0.01 | 2.29 |
Sector Breakdown (%)
| Consumer Discretionary | 18.63 | |
|---|---|---|
| Health Care | 15.98 | |
| Government Bonds | 14.15 | |
| Information Technology | 13.65 | |
| Communications | 9.74 | |
| Industrials | 8.66 | |
| Consumer Staples | 7.27 | |
| Financials | 6.49 | |
| Materials | 2.10 | |
| Money Market | 1.94 | |
| Others | 1.34 |
Geographic Breakdown (%)
| USA |
51.41
|
|---|---|
| UK |
17.13
|
| Switzerland |
4.68
|
| Denmark |
3.28
|
| China |
2.92
|
| France |
2.88
|
| Italy |
2.69
|
| Taiwan |
2.63
|
| South Africa |
2.63
|
| Korea |
2.44
|
| Japan |
2.07
|
| Cash & Cash Equivalents |
1.94
|
| Panama |
1.25
|
| Peru |
1.17
|
| Chile |
0.82
|
Additional Information
Minimum initial investment
£250,000
Minimum additional investment
£0
Ex-dividend date
1 January, 1 July
Distribution date
28 February, 31 August
Sedol code
B85K721
ISIN code
GB00B85K7211
Charges
Initial charge
-
Ongoing Charges Figure
0.85%
Included within the OCF is the Annual Management Charge
0.75%
For more information on the OCF, see our costs and charges page.
Fund Manager Insights
Tom Hosking
Generally Speaking II: Screaming to Explore
Tom Hosking delves into the history of artist Edvard Munch, who whilst widely considered the ultimate specialist, has a lot more in common with generalists in fund management than might initially be thought.
How to invest in Liontrust funds
Through a fund platform
Through a financial adviser
Direct with Liontrust
Key Risks
Past performance is not a guide to future performance. The value of an investment and the income generated from it can fall as well as rise and is not guaranteed. You may get back less than you originally invested. The issue of units/shares in Liontrust Funds may be subject to an initial charge, which will have an impact on the realisable value of the investment, particularly in the short term. Investments should always be considered as long term.
Investment in the Fund involves foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. The value of fixed income securities will fall if the issuer is unable to repay its debt or has its credit rating reduced. Generally, the higher the perceived credit risk of the issuer, the higher the rate of interest. Bond markets may be subject to reduced liquidity. The Fund may invest in emerging markets/soft currencies or in financial derivative instruments, both of which may have the effect of increasing volatility.
Disclaimer
This is a marketing communication. Before making an investment, you should read the relevant Prospectus and the Key Investor Information Document (KIID), which provide full product details including investment charges and risks. These documents can be obtained, free of charge, from www.liontrust.co.uk or direct from Liontrust. Always research your own investments. If you are not a professional investor please consult a regulated financial adviser regarding the suitability of such an investment for you and your personal circumstances.
This should not be construed as advice for investment in any product or security mentioned, an offer to buy or sell units/shares of Funds mentioned, or a solicitation to purchase securities in any company or investment product. Examples of stocks are provided for general information only to demonstrate our investment philosophy. The investment being promoted is for units in a fund, not directly in the underlying assets. It contains information and analysis that is believed to be accurate at the time of publication, but is subject to change without notice. Whilst care has been taken in compiling the content of this document, no representation or warranty, express or implied, is made by Liontrust as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified. It should not be copied, forwarded, reproduced, divulged or otherwise distributed in any form whether by way of fax, email, oral or otherwise, in whole or in part without the express and prior written consent of Liontrust.
