Liontrust MA Active Dynamic A

Fund of funds investing predominantly in equities.

  • 230.30p
    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.

  • -
    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?

  • 0.00%

    Initial charge

    Some 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!

  • 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).

  • 1.70%
    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.

  • 0.50%
    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…

Prices as at 22 January 2021

Fund summary

Sector Flexible Investment
Structure UNIT TRUST
Launched July, 2012
Size £21m
Yield 0.50%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.70%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

To maximise capital and income returns through investment in a range of assets, although up to 100% could be invested in equities. The Fund may invest directly in individual securities managed by a variety of external mandates and through collective investment schemes. Initially, the Fund is likely to be invested totally in collective investment schemes and as the Fund develops the Manager will use a strategy of the combination of both external investment mandates and collective investment schemes to achieve the Fund’s objective. The Fund may also invest in transferable securities, money market instruments, warrants, cash and deposits.

Manager research

Average monthly relative returns

  • 16/17 -0.34%
  • 17/18 0.14%
  • 18/19 -0.35%
  • 19/20 -0.21%
  • 20/21 0.18%

Bestinvest MRI

  • 3 years -0.13%
  • 5 years -0.12%
  • Career -0.10%
  • 3 years 52.00%
  • 5 years 52.80%
  • Career 68.10%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Axa Multimanager Team

Track record

Axa Multimanager Team has 15.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.1%. During the worst period of relative performance (from June 2009 - March 2020) there was a decline of 24% relative to the index. The worst absolute loss has been 33%.

Periods of worst performance

Absolute -33.00% (October 2007 - November 2008)
Relative -24.00% (June 2009 - March 2020)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 July 2020

11.1984% Vontobel Mtx Sustainable Emerging Markets Leaders G Usd
9.727% Ab American Growth Portfolio S1 Usd
7.2064% Blackrock Emerging Markets A Acc
7.0105% Lindsell Train Lf Lindsell Train Uk Equity Acc
6.246% Hermes Global Emerging Markets
5.9242% Tb Evenlode Income C Acc
5.8054% Baillie Gifford Japanese B Acc
5.694% Artemis Income I Acc
5.2739% Brown Advisory Us Mid-Cap Growth B Usd
4.8749% Architas Multi Manager Global
Source: Trustnet

Key Investor Information

Download