Liontrust Balanced Fund | What we offer | Liontrust Asset Management PLC
Liontrust Global Equity Team

Balanced Fund

Robin Geffen

The Fund

The Fund has been managed by Robin Geffen since launch in December 1998 and 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.

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Robin Geffen
The Fund Manager - Robin Geffen

Robin is a fund manager as well as the leader of the Liontrust Global Equity investment team and architect of its investment process. Prior to joining Liontrust in October 2019, Robin was a fund manager and the CEO of Neptune Investment Management, which he founded in 2002. He has previously worked at Charterhouse J Rothschild, Eagle Star, York Trust plc, Scottish Equitable and Orbitex Investments. Robin graduated from Oxford University in 1979 and has 40 years' investment experience.

More on the Global Equity team

The Global Equity Process

The fund managers believe the key to generating outperformance is through high conviction, long-term, research-led company selection that aims to identify long-term winners. The managers seek to invest in excellent companies that are positively exposed to powerful trends or have distinct and differentiated characteristics that will result in consistently above market returns over the long term. 

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Latest fund update

Balanced Fund

Read the latest update for the Liontrust Balanced Fund.

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Awards and ratings

Morningstar rated 5 star
Liontrust Balanced Fund
Morningstar Rating: 5
FE Crown Rated - 5
Liontrust Balanced Fund
FE fundinfo Crown Rating: 5
Rayner Spencer Mills - R Rated Fund
Liontrust Balanced Fund
RSMR Rated Fund

Morningstar Sustainability rated 5
Liontrust Balanced Fund
Morningstar Sustainability Rating: 5
Citywire - Fund Manager rated A
Robin Geffen
Citywire Manager rating: A


Discrete performance

30-06-2020 -
30-06-2019 -
30-06-2018 -
30-06-2017 -
30-06-2016 -
Liontrust Balanced 16.26% 15.52% 4.32% 13.14% 19.08%
IA Mixed Investment 40-85% Shares 17.29% -0.11% 3.62% 4.85% 16.15%
Liontrust Balanced
IA Mixed Investment 40-85% Shares
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust Balanced 9.61% 17.25% 38.84% 80.59% 131.19% 1004.63%
IA Mixed Investment 40-85% Shares 7.36% 17.23% 19.98% 41.34% 95.49% 217.06%
To previous working day
Liontrust Balanced
IA Mixed Investment 40-85% Shares

Key Risks 

Past performance is not a guide to future performance. Do remember that the value of an investment and the income generated from them can fall as well as rise and is not guaranteed, therefore, you may not get back the amount originally invested and potentially risk total loss of capital. Investment in funds managed by the Global Equity (GE) team may involve investment in smaller companies - these stocks may be less liquid and the price swings greater than those in, for example, larger companies. Investment in funds managed by the GE team may involve foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. The team may invest in emerging markets/soft currencies or in financial derivative instruments, both of which may have the effect of increasing volatility. Some of the funds managed by the GE team hold a concentrated portfolio of stocks, meaning that if the price of one of these stocks should move significantly, this may have a notable effect on the value of that portfolio.


The information and opinions provided 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. Always research your own investments and (if you are not a professional or a financial adviser) consult suitability with a regulated financial adviser before investing. 

Source: Financial Express. Total return, bid-to-bid. This page is showing performance data and information for an income producing share class. Please go to our Interactive Fund Centre for performance data and information on the Fund’s other share classes.

© 2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.  Past performance is no guarantee of future results.

Explore in detail

For more information (including prices) and to explore all of the Fund's share classes in more detail please visit our interactive fund centre.


Key fund information

  • Launch date12/31/1998
  • IA sectorIA Mixed Investment 40-85% Shares
  • Fund size£571,625,307.90
  • Number of holdings61

Fund size and number of holdings data is as at previous month end. Performance data is as at previous working day.

Active Share: The fraction of a portfolio invested differently to its benchmark. A 100% active share is a portfolio with no holdings in the benchmark, a 0% active share is a portfolio identical to the benchmark.

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