About the MA Explorer Funds

The primary objective of the six MA Explorer funds is to generate capital growth and/or income over the long term, which we define as five years or more. To achieve this, the funds explore the best investment opportunities across a range of asset classes, geographies, sectors and funds. The names of the funds represent the maximum exposure they can each have to equities: 35%, 45%, 60%, 70%, 85% and 100%.

In managing these funds, the Multi-Asset investment team selects the most appropriate underlying vehicles to enable each fund to achieve its objective. The decision on whether to use passive or actively managed funds is determined by availability and suitability. The funds use passive funds where it is appropriate to do so and they are available and use actively managed funds where we believe the opportunity to deliver higher returns is greatest or where passive funds are not an option.

While unlike the MA Blended and MA Dynamic Passive ranges, the MA Explorer funds do not target risk, the latter are risk profiled.

Our Multi-Asset Explorer Funds

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.

Reasons to invest

Experience: One of the most experienced and highly regarded multi-asset multi-manager investment teams in the UK market, headed by John Husselbee
Diversification: Each portfolio provides diversification across a range of different funds, fund managers, geographical regions and asset classes
Long-term flexibility: Investors can switch between the range of funds as their risk profile and objectives change during the accumulation and decumulation phases of their lives
Rigorous process: The investment process is designed to deliver the outcome expected by investors and aims to generate maximum returns for each target risk fund within the pre-determined volatility ranges
Added value: We seek to add value through each of strategic and quarterly asset allocation, fund selection and portfolio construction
Costs: We aim to keep costs to a minimum and are often able to invest in underlying funds on better terms than those commonly available

Our Investment Process

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Performance of the Liontrust Explorer fund range

Source: FE Analytics, as at 31.03.25. Since inception data runs 10.04.07 to 31.03.25. Primary share class, total return figures are calculated on a single pricing basis with net income (dividends) reinvested. Performance figures are shown in sterling. Transaction costs are included for the period shown but may differ in the future as these costs cannot be determined with precision in advance.

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

Fund insights

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Key literature

Liontrust Levels of Diversification - MA Active Funds

"A key objective in terms of performance is to strive to 'win over the long term by not losing.' We aim to achieve this by seeking to manage risk and limit losses in falling markets to enhance long-term returns in each risk target."

John Husselbee

The investment team has extensive experience of Multi-Asset, equity and fixed income investing. Collectively, they have managed funds and portfolios for many decades through different economic and market cycles, and each member contributes to every stage of the investment process. The team was enhanced by the integration of the Liontrust Global Fixed Income (GFI) at the start of 2025 and benefits from being able to tap into the knowledge, insights and experience of the other investment teams at Liontrust, who primarily invest in equities. The team is headed by John Husselbee, who joined Liontrust in 2013 and was previously a co-founder and CIO of North Investment Partners, Director of Multi-Manager Investments at Henderson Global Investors, and NM Rothschild & Sons.