Liontrust Monthly Income Bond Fund | What we offer | Liontrust Asset Management PLC
Liontrust - Sustainable Future

Monthly Income Bond Fund

Stuart Steven, Kenny Watson & Aitken Ross

The Fund

The Fund has been managed by Stuart Steven since its launch in June 2010, with Aitken Ross joining the team in 2012 and Kenny Watson in 2013. The fund managers aim to produce a high monthly income yield and some capital growth through investing in corporate bonds predominantly while also holding some government bonds. While the Fund has been structurally short duration since launch, it has the flexibility to revert to a standard duration fund as and when yields normalise.

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The Sustainable Investment team (Fixed income)

The Sustainable Investment team - Fixed Income
Stuart Steven, Kenny Watson & Aitken Ross

Stuart Steven, Kenny Watson and Aitken Ross have more than 50 years of combined investment experience in managing fixed income. They also transferred to Liontrust from ATI in April 2017.

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The Sustainable Future Process (Fixed income)

We invest in a focused portfolio of corporate bonds that are attractively valued and take into consideration environmental, social and governance (ESG) factors by investing in companies that manage these exposures to minimise risk. As active managers, we believe in a high conviction approach to ensure we develop a thorough understanding of our holdings and the factors that influence their long-term value. There are two main stages to the process: seeking to identify superior bonds and construct resilient portfolios.

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Carbon exposure: mitigating risks and finding opportunities

Mike Appleby

Liontrust’s Sustainable Future Funds continue to have a considerably smaller carbon footprint than... Read more

Ratings

Citywire - Fund Manager rated AA
Aitken Ross
Citywire Manager rating: AA
Citywire - Fund Manager rated AA
Kenny Watson
Citywire Manager rating: AA
Citywire - Fund Manager rated AA
Stuart Steven
Citywire Manager rating: AA
Fund Calibre Elite Provider - Equities
Liontrust Monthly Income Bond Fund
FundCalibre Elite Provider

What we think

Fund and portfolio updates

Read the latest fund and portfolio updates.

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Morningstar rated 4 star
Liontrust Monthly Income Bond Fund
Morningstar Rating: 4
Morningstar Sustainability rated 4
Liontrust Monthly Income Bond Fund
Morningstar Sustainability Rating: 4
Rayner Spencer Mills - R Rated Fund
Liontrust Monthly Income Bond Fund
Rayner Spencer Mills rated

Performance

Discrete performance

31-03-2017 -
31-03-2018
31-03-2016 -
31-03-2017
31-03-2015 -
31-03-2016
31-03-2014 -
31-03-2015
31-03-2013 -
31-03-2014
Liontrust Monthly Income Bond 4.21% 13.27% -1.28% 7.55% 3.00%
IA Sterling Corporate Bond 1.70% 8.88% -1.03% 10.61% 1.32%
Markit iBoxx GBP Corporates 5-15 1.63% 10.00% 0.75% 13.15% 2.50%
Liontrust Monthly Income Bond
IA Sterling Corporate Bond
Markit iBoxx GBP Corporates 5-15
Cumulative performance

To previous working day 6 months 1 year 3 year 5 year 10 year Since launch
Liontrust Monthly Income Bond 0.54% 2.16% 17.64% 26.59% N/A 62.13%
IA Sterling Corporate Bond -0.67% -0.33% 10.93% 19.70% N/A 48.38%
Markit iBoxx GBP Corporates 5-15 -0.61% -0.33% 14.64% 27.11% N/A 68.65%
To previous working day
Liontrust Monthly Income Bond
IA Sterling Corporate Bond
Markit iBoxx GBP Corporates 5-15

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 majority of the Liontrust Sustainable Future Funds have holdings which are denominated in currencies other than Sterling and may be affected by movements in exchange rates. Some of these funds invest in emerging markets which may involve a higher element of risk due to less well regulated markets and political and economic instability. Consequently the value of an investment may rise or fall in line with the exchange rates. Liontrust UK Ethical Fund, Liontrust SF European Growth Fund and Liontrust SF UK Growth Fund invest geographically in a narrow range and has a concentrated portfolio of securities, there is an increased risk of volatility which may result in frequent rises and falls in the Fund’s share price. Liontrust SF Managed Fund, Liontrust SF Corporate Bond Fund, Liontrust SF Cautious Managed Fund, Liontrust SF Defensive Managed Fund and Liontrust Monthly Income Bond Fund invest in bonds and other fixed-interest securities - fluctuations in interest rates are likely to affect the value of these financial instruments. If long-term interest rates rise, the value of your shares is likely to fall. If you need to access your money quickly it is possible that, in difficult market conditions, it could be hard to sell holdings in corporate bond funds. This is because there is low trading activity in the markets for many of the bonds held by these funds. Mentioned above five funds can also invest in derivatives. Derivatives are used to protect against currencies, credit and interests rates move or for investment purposes. There is a risk that losses could be made on derivative positions or that the counterparties could fail to complete on transactions.


Disclaimer

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. Citywire information is proprietary and confidential to Citywire Financial Publishers Ltd ('Citywire'), may not be copied and Citywire excludes any liability arising out of its use.

 

© 2018 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.

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Key fund information

  • Launch date14/06/2010
  • IA sectorIA Sterling Corporate Bond
  • BenchmarkMarkit iBoxx GBP Corporates 5-15
  • Fund size£317,699,580.16
  • Number of holdings51
  • Historic yield5.62%

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.

Historic yield: Reflects distributions declared over the past 12 months as a percentage of the mid-market unit price. It does not include any preliminary charge and investors may be subject to tax on their distributions.

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