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Balanced Fund

Fund launch date 31/12/1998
Fund size £503,603,570.73
Number of holdings 58
Managed by current team for 23 years
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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.

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.
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
Single Price
206.910p
Offer Price
207.290p
Price Date
13/05/2022

Awards and Ratings

FEfundinfo Crown Rating FE fundinfo Crown Rating: 5
Morningstar Fund Rating: 5 Morningstar Rating: 5
Morningstar Sustainability rated 5 Morningstar Sustainability Rating: 5
Rayner Spencer Mills RSMR Rated Fund

Meet the team

Robin Geffen is Head of the Global Equity investment team, having joined Liontrust as part of the acquisition of Neptune Investment Management in October 2019, and manager of the Liontrust Balanced, Global Alpha, Global Smaller Companies, Income and Global Technology funds. Previously, Robin was a fund manager and the CEO of Neptune Investment Management, which he founded in 2002. Previously, Robin was at Charterhouse J Rothschild, Eagle Star, York Trust plc, Scottish Equitable and Orbitex Investments. Robin graduated from Oxford University in 1979 and has more than 40 years’ investment experience.

More about the team
Meet the tea

Our Investment Process

The fund managers believe the key to generating outperformance is through high conviction, long-term, research-led company selection.

The team-based global industry approach to research used by the Global Equity team enables the fund Managers to understand the competitive dynamics within an industry, giving insights that they believe are invaluable when investing with a long-term time horizon. 
The Fund’s process therefore seeks to identify these long-term winners, which are often high-quality companies with technological or strategic advantages that are likely to maintain a competitive edge in a wide variety of market conditions.
The Fund’s emphasis on the drivers of Science, Intellectual Property, New Deep Technology, Positive Social Change and Entrepreneurial Vision will, the managers believe, guide the Fund towards those companies that will change the world as we adapt going forward.
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.

Performance

Performance since fund launch date

Discrete performance (%)

As at previous quarter 12 months ending: Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Liontrust Balanced 13.1 23.3 4.2 5.8 6.9
IA Mixed Investment 40-85% Shares 5.2 26.4 -8.0 4.3 1.5
Quartile Ranking 1 3 1 2 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 -8.0 -10.0 -17.8 -17.7 -1.2 24.0 44.2 115.5 875.8
IA Mixed Investment 40-85% Shares - - - - - - - - -
Quartile Ranking 4 4 4 4 3 1 1 1 -

Source: FE fundinfo as at 13/05/2022. 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 (%)

MICROSOFT CORP 5.81
APPLE INC 5.66
ALPHABET INC 5.12
AMAZON.COM, INC. 4.83
LIONTRUST GLOBAL TECHNOLOGY C ACC GBP 4.34
PFIZER INC 4.11
CME GROUP INC. 3.44
NVIDIA CORP 3.33
HM TREASURY UNITED KINGDOM DMO 0.125% IDX LKD TSY GILT 22/03/46 GBP1 3.25
UNITEDHEALTH GROUP INC 3.04

Sector Breakdown (%)

Information Technology 35.54
Government Bonds 15.02
Health Care 10.34
Financials 9.98
Consumer Discretionary 8.96
Mutual Funds 7.08
Communications 6.88
Consumer Staples 3.07
Others 1.61
Money Market 1.47

Geographic Breakdown (%)

USA
61.08
UK
28.58
Japan
3.09
France
2.05
Canada
1.89
Netherlands
1.81
Money Market
1.47

Source: Liontrust as at 29/04/2022.

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%
Fund insights

How to invest in Liontrust funds

Through a fund platform
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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.
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Prospectus and fund legal Liontrust Balanced Fund Prospectus