Liontrust MA Passive Reserve Fund | What we offer | Liontrust Asset Management PLC
Liontrust Multi-Asset

MA Passive Reserve Fund

Multi-Asset Investment Team

The Fund

The Fund, which was launched in 2011 and is in the IA Volatility Managed sector, seeks to achieve capital growth and income with a low level of volatility, having a risk profile of 2 in a range from 1 (lowest) to 7 (highest). The fund aims to generate these returns with relatively low volatility by investing a significant proportion of its assets in a variety of fixed income trackers. The fund also allocates to growth assets, such as UK and overseas equities – including a small exposure to emerging markets – and UK property. The underlying funds will, where practicably possible, be passive. The Fund typically has a lower exposure to higher risk assets and a greater exposure to lower risk assets than other funds in the Liontrust MA Passive Funds range that have a higher risk profile.

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The Multi-Asset team

John Husselbee

This is one of the most experienced and highly regarded multi-asset multi-manager teams in the UK market. Led by John Husselbee and comprising six investment managers, the team has more than 100 years of investment management experience between them. They manage target risk funds and portfolios, specialist funds and income generating funds.

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The Multi-Asset Process

The process is designed to target the outcome expected by investors in terms of the level of risk, as measured by volatility, of each model portfolio and to maximise the return for each portfolio while still targeting the investors’ level of risk. These two objectives are pursued through a quantitative and qualitative approach with five key stages to the process: the strategic asset allocation, followed by the tactical asset allocation, fund selection, portfolio construction, and monitoring and review.

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Keeping it real: the case for Real Assets

Mayank Markanday

With Real Assets offering diversification, potential inflation protection and attractive... Read more

Latest market reviews

The Multi-Asset team

Read the latest Multi-Asset market reviews.
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Discrete performance

30-06-2020 -
30-06-2019 -
30-06-2018 -
30-06-2017 -
30-06-2016 -
Liontrust MA Passive Reserve 4.09% 5.51% 5.22% 4.15% 8.34%
IA Volatility Managed 14.44% -0.01% 3.50% 3.72% 13.40%
Liontrust MA Passive Reserve
IA Volatility Managed
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust MA Passive Reserve 4.23% 5.55% 17.66% 27.78% 79.59% 78.55%
IA Volatility Managed 6.12% 13.55% 20.54% 35.62% 96.65% 87.68%
To previous working day
Liontrust MA Passive Reserve
IA Volatility Managed

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.


The fund invests in Fixed Income securities indirectly through other collective investment schemes. 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 invests in collective investment schemes which have underlying exposure to property. Property funds may be more difficult to value objectively so may be incorrectly priced, and may at times be harder to sell. This could lead to reduced liquidity in the Fund.

The ACD does not use a benchmark to measure the Fund’s performance. However, the performance of the Fund can be assessed against other funds in the Investment Association’s Volatility Managed sector. Although this 'sector' contains funds that are flexible, they will not have exactly the same characteristics (objectives, investment policies and levels of risk, for example) and therefore do not provide an exact like-for-like basis for comparison.



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.

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 date3/8/2011
  • IA sectorIA Volatility Managed
  • Fund size£235,512,456.64
  • Number of holdings15

Fund size, number of holdings and active share data is as at previous month end. Historic yield and performance data is as at previous working day.

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