Morningstar Fund Report  | 14/04/2025Print

Liontrust Balanced Fund A Acc GBP

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Liontrust Balanced Fund A Acc GBP
Fund15.6-23.519.412.3-4.9
+/-Cat2.1-13.710.01.4-2.7
+/-B’mrk-0.7-17.67.0-2.2-3.4
 
Category: GBP Allocation 80%+ Equity
Category Benchmark: Morningstar UK Adv Tgt Allo...
Key Stats
NAV
11/04/2025		 GBP 10.43
Day Change -0.97%
Morningstar Category™ GBP Allocation 80%+ Equity
IA (formerly IMA) Sector Mixed Investment 40-85% Shares
ISIN GB0004821921
Fund Size (Mil)
28/02/2025		 GBP 446.77
Share Class Size (Mil)
11/04/2025		 GBP 47.60
Max Initial Charge -
Ongoing Charge
11/02/2025		  1.64%
Investment Objective: Liontrust Balanced Fund A Acc GBP
The investment objective of the Fund is to generate long term (5 years or more) capital growth with the potential for income. The Scheme invests, directly or indirectly, in a mix of asset classes across the world including equity, fixed income and alternatives. There is no predetermined exposure to any asset class or region. The Scheme may also invest in other eligible asset classes such as collective investment schemes (which may include Liontrust managed funds), other transferable securities, cash or near cash, deposits and money market instruments.
Returns
Trailing Returns (GBP)11/04/2025
YTD-7.72
3 Years Annualised1.36
5 Years Annualised6.30
10 Years Annualised5.45
12 Month Yield 0.14
Management
Manager Name
Start Date
Mark Hawtin
08/05/2024
Kevin Krucynski
08/05/2024
Inception Date
31/12/1998

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA Mixed Investment 40-85% SharesMorningstar UK Adv Tgt Alloc NR GBP
Portfolio Profile for  Liontrust Balanced Fund A Acc GBP31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock73.310.0073.31
Bond19.460.0019.46
Property0.000.000.00
Cash5.100.005.10
Other2.130.002.13
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United States42.87
Eurozone14.36
United Kingdom13.44
Asia - Emerging8.15
Europe - ex Euro6.03
Top 5 Sectors%
Technology22.86
Consumer Cyclical16.14
Financial Services15.83
Industrials12.42
Basic Materials9.70
Top 5 HoldingsSector%
United Kingdom of Great Britain ... 2.25
iShares Physical Gold ETC2.13
Alibaba Group Holding Ltd ADRConsumer CyclicalConsumer Cyclical2.13
Visa Inc Class AFinancial ServicesFinancial Services2.01
NVIDIA CorpTechnologyTechnology1.90
Increase Decrease New since last portfolio
Liontrust Balanced Fund A Acc GBP
Growth Of 1000 (GBP) 31/03/2025
Fund:  Liontrust Balanced Fund A Acc GBP
Category:  GBP Allocation 80%+ Equity
Category Index:  Morningstar UK Adv Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-1.7713.8719.2315.63-23.4819.4412.34-4.91
+/- Category5.43-4.1912.332.06-13.6810.011.38-2.67
+/- Category Index--13.25-0.69-17.637.02-2.19-3.39
% Rank in Category49233110013591
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.97   -0.40-1.54
1 Week1.06   3.18-0.28
1 Month-3.34   3.101.40
3 Months-9.08   -0.51-1.46
6 Months-6.10   0.42-1.17
YTD-7.72   -0.17-1.13
1 Year-2.60   -0.12-3.07
3 Years Annualised1.36   -0.20-3.95
5 Years Annualised6.30   -0.64-3.72
10 Years Annualised5.45   0.60-1.79
 
Category: GBP Allocation 80%+ Equity
Category Index: Morningstar UK Adv Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-4.91---
20247.392.23-1.353.72
20238.983.63-1.247.08
2022-5.97-14.30-0.43-4.62
2021-3.139.881.996.51
2020-5.5716.514.313.90
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageHigh1 star
5-YearBelow AverageHigh1 star
10-YearAverageAbove Average3 star
OverallAverageHigh2 star
 
Category :  GBP Allocation 80%+ EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev12.72 %
3-Yr Mean Return2.06 %
 
3-Yr Sharpe Ratio-0.15
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Adv Tgt Alloc NR GBP  Morningstar Gbl Growth TME NR USD
3-Yr Beta1.020.79
3-Yr Alpha-5.14-4.66
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 70288-
Market Capitalisation% of Equity
Giant45.22
Large34.05
Medium17.96
Small2.25
Micro0.53
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings17.451.01
Price/Book2.330.93
Price/Sales2.251.22
Price/Cash Flow9.560.84
Dividend-Yield Factor1.890.83
 
Long-Term Projected Earnings Growth11.061.08
Historical Earnings Growth6.891.10
Sales Growth6.701.21
Cash-Flow Growth5.741.05
Book-Value Growth7.141.29
 
Category: GBP Allocation 80%+ Equity
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 408
Maturity Distribution %
1 to 30.00
3 to 50.00
5 to 70.00
7 to 1014.00
10 to 1525.63
15 to 2025.65
20 to 3025.73
Over 308.98
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: GBP Allocation 80%+ Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock73.310.0073.31
Bond19.460.0019.46
Property0.000.000.00
Cash5.100.005.10
Other2.130.002.13
World Regions31/03/2025
 % of EquityRelative to Category
United States42.870.86
Canada4.284.04
Latin America4.485.57
United Kingdom13.440.72
Eurozone14.361.49
Europe - ex Euro6.031.38
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan4.490.74
Australasia0.000.00
Asia - Developed1.900.48
Asia - Emerging8.152.04
 
Category: GBP Allocation 80%+ Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials9.702.55
Consumer CyclicalConsumer Cyclical16.141.51
Financial ServicesFinancial Services15.830.86
Consumer DefensiveConsumer Defensive3.860.59
HealthcareHealthcare7.780.68
Communication ServicesCommunication Services9.211.38
EnergyEnergy2.200.65
IndustrialsIndustrials12.420.98
TechnologyTechnology22.861.09
 
Category: GBP Allocation 80%+ Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings72
Total Number of Bond Holdings12
Assets in Top 10 Holdings19.41
NameSectorCountry% of Assets
United Kingdom of Great Britain and N... United Kingdom2.25
iShares Physical Gold ETCIreland2.13
Alibaba Group Holding Ltd ADR102China2.13
Visa Inc Class A103United States2.01
NVIDIA Corp311United States1.90
Barrick Gold Corp101Canada1.87
BT Group PLC308United Kingdom1.83
Newmont Corp101United States1.82
United Kingdom of Great Britain and N... United Kingdom1.75
MercadoLibre Inc102Brazil1.73
 
Increase Decrease New since last portfolio
Category: GBP Allocation 80%+ Equity
 
Management
Name of CompanyLiontrust Fund Partners LLP
Phone+352 464010600
Websitewww.liontrust.co.uk
AddressLiontrust Fund Partners LLP
 London   NULL
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date31/12/1998
Fund Advisor(s)
Liontrust Investment Partners LLP
Fund ManagerMark Hawtin
Manager Start Date08/05/2024
 
Biography
Mark Hawtin is Head of the Global Equities team. Mark joined Liontrust in 2024 from GAM where he was an Investment Director running global long only and long/short funds investing in the disruptive growth & technology sectors. Before joining GAM in 2008 he was a partner and portfolio manager with Marshall Wace Asset Management for eight years, managing one of Europe’s largest technology, media and telecoms hedge funds. Mark Hawtin previously spent seven years at Enskilda Securities, initially as head of sales, before taking responsibility for the international equity business, overseeing pan-European research and trading activities and around a quarter of the investment banking staff.
Fund ManagerKevin Krucynski
Manager Start Date08/05/2024
 
Biography
Kevin Kruczynski is an Investment Manager in the Global Equities team. Kevin joined Liontrust in 2024 from GAM where he managed both Global and US Equity portfolios. He joined GAM Investments in 2016 from THS Partners, a global equity investment firm and a long-standing sub-advisor of GAM’s oldest global equity strategies. Prior to that, Kevin spent two years at Cazenove Capital and in 2001 he worked for Merrill Lynch Investment Managers, where he supported the charities team. Kevin holds a degree in Banking and International Finance from City University and is a CFA charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.60%
Ongoing Charge1.64%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional50  GBP
Savings-
Tax Free Savings Schemes
ISAsYes