Liontrust MA Active Moderate Income A

Fund of external fixed interest funds.

  • 125.70p
    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.

  • 153.90p
    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).

  • 1.57%
    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.

  • 1.30%
    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 15 January 2021

Fund summary

Sector Mixed Investment 0-35% Shares
Structure OEIC
Launched July, 2012
Size £19m
Yield 1.30%
Charging basis Capital
Dividends paid 28 Feb, 31 May, 31 Aug, 30 Nov

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 1.57%

Allocation

Proportion (%)

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

Allocation

Proportion (%)

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

Allocation

Proportion (%)

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

Investment process

This Fund aims to provide a higher level of income relative to prevailing interest rates. The Fund may invest directly in individual securities managed by a variety of external investment 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

11.984% Vanguard Uk Government Bond Index Institutional Plus Acc Gbp
11.9317% Ishares Uk Gilts All Stocks Index (Uk) L Acc
10.0272% Liontrust Sustainable Future Corporate Bond 6 Acc
5.7182% Nn Investment Partners Lux Sa
4.9971% Baring Global High Yield Bond Tranche B Acc Gbp
4.884% Vanguard Uk Long Duration Gilt Index Inc Gbp
4.8542% Ishares Overseas Government Bond Index (Uk) L Acc
4.5383% Lindsell Train Lf Lindsell Train Uk Equity Acc
3.9575% Ab American Growth Portfolio S1 Usd
3.9249% Artemis Income I Acc
Source: Trustnet

Sector breakdown

Non-Rated 100.00%

Key Investor Information - Income

Download

Key Investor Information - Accumulation

Download