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MA Blended Growth Fund

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Single Price232.160pas of 01/08/2025
Fund launch date
Fund size£75,911,044.11
Number of holdings38

The Fund

The Fund seeks to achieve capital growth and income with a moderately high level of volatility. The underlying funds in the portfolio invest globally (including in emerging markets) across asset classes and financial instruments. The underlying funds will be a blend of active and passive funds. The Fund typically has greater exposure to higher risk assets than other funds in the Liontrust MA Blended Funds range that have a lower risk profile.

You are able to redeem your investment from the Fund at any time and there is no exit fee for doing so.

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Fund Managers

John Husselbee
John Husselbee
James Klempster
James Klempster
more about the team
Past performance does not predict future returns. You may get back less than you originally invested. Reference to specific securities is not intended as a recommendation to purchase or sell any investment. 
Key Information
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Managed by Current Team for
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Class Launch Date
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ISIN code
GB00BCZW5H67
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Additional Information
Minimum initial investment
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Minimum additional investment
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Ex-dividend date
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Distribution date
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Sedol code
BCZW5H6
For more information on the OCF, see our costs and charges page.
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Charges
Initial charge
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Charges
0.83%
Included within the OCF is the Annual Management Charge
0.40%
For more information on the OCF, see our costs and charges page.
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Awards and Ratings

Citywire fund manager rating

Citywire

Defaqto Five Diamond Rating 2022

Risk Targeted Fund Family

Meet the team

Headed by John Husselbee since joining Liontrust in 2013, the team comprises three investment managers. Deputy Head James Klempster joined from Momentum Global Investment Management.
More about the team
Multi-Asset team

Our Investment Process

As the Fund is targeting the volatility expected by investors, then there will be short-term periods when the Fund may underperform relative to the market and other funds, especially those seeking to generate capital growth without a volatility target. The Fund typically performs well on a relative basis when diversification is rewarded by markets.

Strategic asset allocation (SAA)
The SAA is the primary determinant of suitability and long-term risk and returns for investors. To determine the SAA, historical returns and volatilities of a range of asset classes, as well as their correlations with each other, and other market dynamics are collated and studied. The SAA is updated annually and have a 15-year time horizon.
Tactical asset allocation (TAA)
TAA determines the overweight or underweight exposure to asset classes compared to the SAA. Each asset class, sub-asset class and the overall market environment are given a score from 1 to 5. The quants data provide a quantitative perspective on, for example, the relative attractiveness of an equity market both against other markets and against its own history. The scorecard informs the over and underweights that the team expresses through portfolio construction.
Portfolio construction
We test the performance and interaction of factors, such as value, growth, quality or size, over the long term and identify a blend that will provide the most effective risk-adjusted exposure. The decision on the use of passive vehicles depends on availability and suitability. The combination of the target manager allocations and TAA weights provides a target holding size for every manager. The team ensures the new targets comply will portfolio rules and restrictions.
Manager selection

Managers are subjected to quantitative analysis of current and past positioning. We analyse the drivers of performance, particularly the stylistic exposure of managers. The team considers manager philosophy and process, team structure, business structure and incentivisation, stock selection process, portfolio construction, historical and current positioning. We also ensure selected funds are suitable from an operational and compliance perspective.

Implementation

The team implements the process in a manner that treats customers fairly, creates consistency across the fund and portfolio ranges wherever possible, finding an optimal balance between trading and portfolio turnover, and ensuring the implemented holdings reflect the team’s views. Underpinning all of this is the need to remain suitable for investors from a risk and mandate perspective.

Past performance does not predict future returns. You may get back less than you originally invested. Reference to specific securities is not intended as a recommendation to purchase or sell any investment. 

Performance

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As the share class has been in existence for less than one discrete year as at the previous quarter end, there is insufficient data to provide an indication of past performance.

Discrete performance (%)

As at previous quarter 12 months ending:Jun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Liontrust MA Blended Growth5.014.57.0-6.823.4
IA Volatility Managed5.510.82.9-7.114.4

Source: FE fundinfo as at 31/07/2025. Performance figures are shown in GBX. Total return performance figures are calculated net of costs and charges, on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Where applicable the quartile rank is for the primary share class within the sector. If your investment is made in a currency other than that used in the past performance calculation the return may increase or decrease as a result of currency fluctuations.

Cumulative performance (%)

As at previous day end1 month3 months6 monthsYTD1 year3 years5 years10 yearsSince Inception
Liontrust MA Blended Growth4.010.72.55.910.030.354.1110.8294.4
IA Volatility Managed2.77.12.55.47.719.431.164.9228.9

Source: FE fundinfo as at 31/07/2025. Performance figures are shown in GBX. Total return performance figures are calculated net of costs and charges, on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Where applicable the quartile rank is for the primary share class within the sector. If your investment is made in a currency other than that used in the past performance calculation the return may increase or decrease as a result of currency fluctuations.

Current positioning

Top 10 Holdings (%)

L&G US INDEX TRUST C ACC
13.57
L&G EMERGING MARKETS EQUITY INDEX C UNHEDGED GBP
10.81
ABRDN ASIA PACIFIC EX JAPAN EQUITY TRACKER N ACC
5.21
BA BEUTEL GOODMAN US VALUE CLASS SI UNHEDGED ACC GBP
5.12
ARTEMIS SMARTGARP GLOBAL EMERGING MARKETS EQUITY E ACC
4.46
ISHARES UK EQUITY INDEX (UK) L ACC
3.97
LIONTRUST GF HIGH YIELD BOND C DIS GBP
3.60
NGAM SA
3.50
ISHARES JAPAN EQUITY INDEX (UK) L ACC
3.34
POLAR EMERGING MARKET STARS SX GBP
3.03

Geographic Breakdown (%)

North America
28.67
Global Emerging Markets
18.29
UK
17.98
Asia Pacific ex Japan
10.61
International
8.48
Europe
7.96
Japan
6.87
Cash & Cash Equivalents
1.14

Source: Liontrust as at 30/06/2025.

Key fund literature

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Factsheet S Acc
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KIID S Acc
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Liontrust Multi-Asset Investments ICVC II Prospectus
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Key Risks

Past performance does not predict future returns. You may get back less than you originally invested.

We recommend this fund is held long term (minimum period of 5 years). We recommend that you hold this fund as part of a diversified portfolio of investments

  • Credit Risk: There is a risk that an investment will fail to make required payments and this may reduce the income paid to the fund, or its capital value;
  • Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss;
  • Liquidity Risk: If underlying funds suspend or defer the payment of redemption proceeds, the Fund's ability to meet redemption requests may also be affected;
  • Interest Rate Risk: Fluctuations in interest rates may affect the value of the Fund and your investment;
  • Derivatives Risk: Some of the underlying funds may invest in derivatives, which can, in some circumstances, create wider fluctuations in their prices over time;
  • Emerging Markets: The Fund may invest in less economically developed markets (emerging markets) which can involve greater risks than well developed economies;
  • Currency Risk: The Fund invests in overseas markets and the value of the Fund may fall or rise as a result of changes in exchange rates.
  • Index Tracking Risk: The performance of any passive funds used may not exactly track that of their Indices.
  • ESG Risk: there may be limitations to the availability, completeness or accuracy of ESG information from third-party providers, or inconsistencies in the consideration of ESG factors across different third party data providers, given the evolving nature of ESG.

The issue of units/shares in Liontrust Funds may be subject to an initial charge, which will have an impact on the realisable value of the investment, particularly in the short term. Investments should always be considered as long term.

Disclaimer

This material is issued by Liontrust Investment Partners LLP (2 Savoy Court, London WC2R 0EZ), authorised and regulated in the UK by the Financial Conduct Authority (FRN 518552) to undertake regulated investment business.

It 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. Examples of stocks are provided for general information only to demonstrate our investment philosophy. The investment being promoted is for units in a fund, not directly in the underlying assets.

This information and analysis is believed to be accurate at the time of publication, but is subject to change without notice. Whilst care has been taken in compiling the content, no representation or warranty is given, whether express or implied, by Liontrust as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified.

This is a marketing communication. Before making an investment, you should read the relevant Prospectus and the Key Investor Information Document (KIID) and/or PRIIP/KID, which provide full product details including investment charges and risks. These documents can be obtained, free of charge, from www.liontrust.co.uk or direct from Liontrust. If you are not a professional investor please consult a regulated financial adviser regarding the suitability of such an investment for you and your personal circumstances.