Diversified Real Assets Fund | Liontrust Asset Management PLC

Fund launch date 05/08/2014

Fund size £118,035,474.42

Number of holdings 37

Managed by current team for 9 years

The Fund

The Fund, which was launched in 2014 and is managed by Mayank Markanday, seeks to generate income and capital growth by combining asset classes, sectors and securities that deliver total returns above inflation over the long term. The process is unconstrained with a focus on listed private assets that can help diversify against traditional equities and bonds. The Fund invests at least 80% of its net asset value in a diversified portfolio of real assets (including investments in infrastructure, renewables. commodities, inflation linked assets and specialist property). The Fund can only invest up to 10% of its assets in other open-ended collective investment schemes.

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 Download Fund Literature

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

Class Launch Date

05/08/2014

Price

Single Price

114.100p

Offer Price

Price Date

17/04/2024

Awards and Ratings

Citywire +

FE fundinfo Crown Rating: 4

Morningstar Rating: 4

RSMR Rated Fund

Meet the team

Mayank Markanday moved to Liontrust in 2020 as part of the acquisition of the Architas UK Investment Business. Mayank is a Senior Investment Manager with 15 years’ experience in managing multi-asset funds. Before Liontrust, Mayank was a Senior Investment Manager at Architas and a Portfolio Manager and Analyst at Russell Investments, which he joined in 2007.

More about the team

Our Investment Process

The Real Asset investment process will invest in a diverse range of assets (including investments in infrastructure, renewables. commodities, inflation linked assets and specialist property) that tend to exhibit lower levels of correlation with equity and bond markets.

The asset classes and their relative weights are primarily selected on the basis of the consistency of investment returns and the risks related to each asset class. Investments within each asset class will be based on the strength and the stability of the issuer as well as the Investment Adviser’s expectations of their future prospects.

The Fund invests in both growth and defensive assets with the allocations changing according to the view of the business cycle. A combination of quantitative and qualitative signals leans the Fund into areas of the market that provide the best risk adjusted outcomes.

The process selects securities with:

Real returns – cash flows directly or indirectly linked to inflation and benefit from secular trends
Strong corporate fundamentals – transparent business models, appropriate leverage and high-quality management
Dividend sustainability – a stable and/or growing dividend cover for income securities
Valuations – not overpaying for companies

The fund managers aim to ensure there is no single risk or factor that dominates the overall risk of the portfolio. The fund managers construct the portfolio to seek to deliver alternative sources of risk and returns from traditional equities and bonds. As a daily dealing alternative fund, maintaining a high liquid profile is essential. Individual holding weights are determined by both conviction and liquidity.

As a number of real assets provide critical infrastructure and/or essential services their earnings may be less exposed to the economic cycle versus traditional equities. But other subsectors such as commodities are more directly linked to the growth cycle. Some real asset sectors such as listed property companies (REITs) and infrastructure companies can be relatively more sensitive to interest rates.

Performance

Download factsheet Read latest fund update

Performance since launch

Discrete performance (%)

As at previous quarter 12 months ending:	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Liontrust Diversified Real Assets	-3.4	-14.4	14.8	10.3	-5.6

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 Diversified Real Assets	-1.6	-4.7	3.9	-8.6	-8.5	-10.0	-4.5	-	14.1

Source: FE fundinfo as at 17/04/2024. 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 (%)

PRIMARY HEALTH PROPERTIES PLC ORD 12.5P

5.11

ASSURA ASSURA PLC ORD 10P

4.96

SUPERMARKET INCOME REIT PLC ORD GBP0.01

4.70

BBGI GLOBAL INFRASTRUCTURE S.A. ORD

4.70

HICL INFRASTRUCTURE PLC ORD 0.01P

4.54

GCP INFRASTRUCTURE INVESTMENTS LD ORD 1P

4.25

CORDIANT DIGITAL INFRST

4.24

GREENCOAT UK WIND PLC ORD 1P

4.23

TRITAX TRITAX EUROBOX PLC ORD EUR0.01 (GBP)

4.15

JLEN ENVIRONMENTAL ASSETS GROUP LIMITED ORD NPV

4.03

Expand table Collapse table

Geographic Breakdown (%)

49.18

International

22.77

Europe

18.48

USA

8.17

Cash & Cash Equivalents

1.38

Expand table Collapse table

Additional Information

Minimum initial investment

£1m

Minimum additional investment

£500

Ex-dividend date

31 December, 30 June

Distribution date

28/29 February, 31 August

Sedol code

BMP2ZL0

ISIN code

GB00BMP2ZL03

Charges

Initial charge

Ongoing Charges Figure

0.61%

Included within the OCF is the Annual Management Charge

0.55%

For more information on the OCF, see our costs and charges page.

Key fund literature

Factsheet A Acc KIID A Acc Liontrust Multi-Asset Global Solutions ICVC Prospectus

Fund Manager Insights

See all related

How to invest in Liontrust funds

Through a fund platform

Through a financial adviser

Direct with Liontrust

Our funds Find out more about our range of funds and portfolios

Consumer Duty Learn more

Resources Explore our consumer guides, sales aids and other literature

Assessment of Value Read the report

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. 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.

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. The issue of units/shares in the Liontrust Multi-Asset 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. For the Multi-Asset Model Portfolios, any performance shown represents model portfolios which are periodically restructured and/or rebalanced. Actual returns may vary from the model returns. There is no certainty the investment objectives of the portfolio will actually be achieved, and no warranty or representation is given to this effect, whether express or implied. The portfolios therefore should be considered as long-term investments.