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You are viewing as from Change
Bid Price 254.450p as of 04/10/2024
Offer Price 254.880p as of 04/10/2024
Fund launch date 31/12/1998
Fund size £430,987,939.58
Number of holdings 67

The Fund

The Liontrust Balanced Fund is managed by Mark Hawtin and Kevin Kruczynski. The Fund aims to generate capital growth, and the potential for income, 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.

Read latest fund update
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
07/05/2024
Managed by Current Team for
5 months
Class Launch Date
03/10/2012
ISIN code
GB00B85K7211
Comparator Benchmark 1
IA Mixed Investment 40-85% Shares

Awards and Ratings

FEfundinfo Crown Rating FE fundinfo Crown Rating: 4
Morningstar Rating Morningstar Rating: 4
Rayner Spencer Mills RSMR Rated Fund

Meet the team

Mark Hawtin and Kevin Kruczynski joined Liontrust from GAM Investments in 2024. Mark has 40 years of investment experience, was Investment Director and Head of Global Equities at GAM, having previously been a partner and portfolio manager at Marshall Wace Asset Management. Kevin managed Global and US equity portfolios at GAM before moving to Liontrust. Previously, he was at THS Partners, Cazenove Capital and Merrill Lynch Investment Managers.

Meet the tea
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 24 Sep 23 Sep 22 Sep 21 Sep 20
Liontrust Balanced 16.9 7.2 -13.9 13.7 16.4
IA Mixed Investment 40-85% Shares 13.9 5.1 -10.2 16.6 -0.2
Quartile Ranking 1 2 4 4 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 2.2 -1.2 1.4 9.0 19.3 8.8 44.7 118.8 1100.0
IA Mixed Investment 40-85% Shares 1.5 1.8 4.0 8.0 15.5 8.9 27.5 76.1 244.8
Quartile Ranking 1 4 4 2 1 3 1 1 -

Source: FE fundinfo as at 04/10/2024. 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 (%)

HIS MAJESTY`S TREASURY 0.625% IDX LKD GILT 22/11/42 GBP0.01
3.73
UNITED KINGDOM I/L 2%/02-26.01.2035
3.59
MICROSOFT CORPORATION
3.39
HIS MAJESTY`S TREASURY 0.125% IDX LKD TSY GILT 22/03/46 GBP1
3.30
APPLE INC.
3.05
HIS MAJESTY`S TREASURY 0.125% IDX LKD GILT 22/03/29 GBP0.01
3.05
UNITED KINGDOM I/L 1.125%/07-22.11.2037
3.01
HIS MAJESTY`S TREASURY 0.75% IDX LKD GILT 22/03/34 GBP0.01
2.86
HIS MAJESTY`S TREASURY 0.625% IDX LKD GILT 22/3/40 GBP0.01
2.69
PAYPAL HOLDINGS, INC.
2.49

Sector Breakdown (%)

Government Bonds
22.26
Information Technology
21.37
Health Care
11.31
Financials
10.96
Consumer Discretionary
8.34
Industrials
5.94
Communications
5.64
Money Market
5.25
Materials
5.12
Consumer Staples
1.95
Others
1.13
Energy
0.69

Geographic Breakdown (%)

USA
49.48
UK
29.13
Cash & Cash Equivalents
5.25
Denmark
3.43
China
2.41
Japan
2.33
Canada
1.99
Taiwan
1.88
France
1.81
Peru
1.04
Norway
0.69
Chile
0.49
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
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

See all related
Ruth Chambers Ruth Chambers
China's foreign direct investment decline Falling FDI in China has implications for future economic stability
icon 26 September 2024
Factories
Mark Hawtin Mark Hawtin
Who will win from the US Fed playing catch up? Mark Hawtin explains why the US’ 0.5% rate cut will broaden the market leadership and suggests the potential winners from a low-rate environment could include non-profitable tech, ‘power up America’ and active managers
icon 23 September 2024
Fed
Thomas Smith Thomas Smith
Brazil – out of sync with the US The Brazilian central bank moves in the opposite direction to the Fed, hiking rates by 25bps
icon 19 September 2024
Brazilian economy
Ewan Thompson Ewan Thompson
An update from India – rapid modernisation in travel and hospitality Ewan Thompson shares an update after a day of meetings in New Delhi
icon 18 September 2024
Taj mahal
Ewan Thompson Ewan Thompson
The rise and rise of the Indian consumer India’s vast consumer base provides a solid foundation for growth
icon 14 August 2024
New Delhi

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Key Risks 
Past performance does not predict future returns. You may get back less than you originally invested. The Fund may encounter liquidity constraints from time to time. The spread between the price you buy and sell shares will reflect the less liquid nature of the underlying holdings. The Fund will invest in smaller companies and may invest a small proportion (less than 10%) of the Fund in unlisted securities. There may be liquidity constraints in these securities from time to time, i.e. in certain circumstances, the fund may not be able to sell a position for full value or at all in the short term. This may affect performance and could cause the fund to defer or suspend redemptions of its shares. Outside of normal conditions, the Fund may hold higher levels of cash which may be deposited with several credit counterparties (e.g.international banks). A credit risk arises should one or more of these counterparties be unable to return the deposited cash. Counterparty Risk: any derivative contract, including FX hedging, may be at risk if the counterparty fails. ESG Risk: In reference to any component (where applicable) of a fund's investment process that uses external ESG data, there may be limitations to the availability, completeness or accuracy of ESG information from third-party providers, or inconsistencies in the consideration of ESG factors across different third party data providers, given the evolving nature of ESG.
 
Disclaimer
This is a marketing communication. Before making an investment, you should read the relevant Prospectus and the Key Investor Information Document (KIID) and/or PRIIP/KID, which provide full product details including investment charges and risks.It 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. This information and analysis 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, no representation or warranty is given, whether express or implied, by Liontrust as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified.
Fund literature
Balanced Fund
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