fund
Liontrust Balanced C
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225.47p
Price (Inc)
These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.
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237.25p
Price (Acc)
These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?
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0.00%
Initial chargeSome funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!
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0.75%
Annual management charge
This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).
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0.85%
Ongoing charges
This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.
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0.10%
Yield
How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…
Fund manager Robin Geffen combines an astute view on the macroeconomic environment with a strong emphasis on fundamental stock research to provide a concentrated, actively managed portfolio of global equities. Strong sell disciplines, a high degree of risk monitoring and flair make this fund a strong contender for investors seeking an actively managed fund from what has historically been an exceptionally conservative and pedestrian peer group.
Fund summary
| Sector | Mixed Investment 40-85% Shares |
| Structure | UNIT TRUST |
| Launched | |
| Size | £518m |
| Yield | 0.10% |
| Charging basis | Income |
| Dividends paid | Feb, Aug |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Annual management charge | 0.75% |
| Ongoing charges figure | 0.85% |
Allocation
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Investment process
Neptune consider themselves "business cycle" investors (i.e. they aim to exploit any changes in the economic environment) so therefore take their view on the macroeconomic environment exceptionally seriously. Once this has been formed, the team of fund manager/analysts do a surprising amount of fundamental research on their investable universe, given the size of the company. The focus is upon large and mid cap stocks, with research carried out internally on a global sector basis. No particular style bias is followed, however due to their "business cycle" philosophy the fund's style will bend in the "prevailing wind". Strong cash-flow and a healthy balance sheet are a must.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Track record
Periods of worst performance
| Absolute | 0.00% () |
| Relative | 0.00% () |
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.
Allocation
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Sector breakdown
| Information Technology | 31.00% |
| Government Bonds | 14.00% |
| Consumer Discretionary | 13.00% |
| Financials | 12.00% |
| Communications | 10.00% |
| Mutual Funds | 7.00% |
| Consumer Staples | 7.00% |
| Health Care | 3.00% |
| Money Market | 3.00% |
Portfolio
A tight portfolio of 30-50 stocks is preferred.