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Volatility Managed
Liontrust Ma Dynamic Passive Reserve Fund
Managed by Liontrust Investment Partners LLPPart of Liontrust Multi-Asset Global Solutions ICVC
Latest factsheet
Aug 2026
Fund size
£90.5m
Yearly charge
0.14%
Manager fee
0.00%
Income yield
2.65%
Holdings
23
Launched
7 Mar 2011
The Fund seeks to achieve capital growth and income with a low level of volatility. The Fund invests a significant proportion of the portfolio in fixed income securities. The Fund also invests in UK and equities globally, including a small exposure to emerging markets, and UK property. The underlying funds will, where practicably possible, be passive. The Fund typically has a lower exposure to higher risk assets and a greater exposure to lower risk assets than other funds in the Liontrust MA Dynamic Passive Funds range that have a higher risk profile.
John Husselbee · James Klempster
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | +1.60% | – | – | – |
| 3M | +0.90% | – | – | – |
| 6M | +1.60% | – | – | – |
| YTD | +12.80% | – | – | – |
| 1Y | +6.00% | – | – | – |
| 3Y | +10.70% | – | – | – |
| 5Y | +30.50% | – | – | – |
| Since launch | +96.50% | – | – | – |
Calendar-year performance
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| +14.90% | +5.20% | -1.00% | +11.00% | +6.50% | +3.10% | -15.00% | +7.30% | +5.70% | +10.20% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | HSBC Global Funds ICAV - Global Government Bond UCITS ETF/Mutual Fund | 18.50% | |
| 2 | HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF/Mutual Fund | 11.90% | |
| 3 | abrdn OEIC IV - abrdn Short Dated Global Corporate Bond Tracker Fund | 9.30% | |
| 4 | Liontrust Global Funds plc - Liontrust GF High Yield Bond Fund | 8.60% | |
| 5 | iShares UK Gilts All Stocks Index Fund UK | 6.20% | |
| 6 | Legal & General All Stocks Gilt Index Trust | 6.20% | |
| 7 | Fidelity Investment Funds - Index Emerging Markets Fund | 5.60% | |
| 8 | HSBC American Index Fund | 4.00% | |
| 9 | Legal & General US Index Trust | 4.00% | |
| 10 | Abrdn OEIC IV - Abrdn Asia Pacific ex-Japan Equity Tracker Fund | 3.10% |
Portfolio breakdown
Asset allocation
| Global Government Bonds | 18.50% | |
| UK Government Bond | 12.40% | |
| Global Bonds | 11.90% | |
| North America Equity | 9.80% | |
| Global Short-Dated Corporate Bonds | 9.30% | |
| High Yield | 8.60% | |
| EM Equity | 7.60% | |
| UK Equity | 5.50% | |
| Alternatives | 4.80% | |
| Europe ex-UK Equity | 3.60% | |
| Japan Equity | 3.40% | |
| Developed Asia Equity | 3.10% | |
| Cash & Derivatives | 1.60% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| A Acc GBP | GB00B8PJ5H93 | – | acc | – | 0.45% | 0.59% | – |
| D Acc GBP | GB00BNGNDF93 | – | acc | – | 0.30% | 0.44% | – |
| R Acc GBP | GB00B48XQL14 | – | acc | – | 1.00% | 1.14% | – |
| S Acc GBP | GB00BCZW4S08 | – | acc | – | 0.25% | 0.39% | – |
| Z Acc GBP | GB00B8KTT492 | – | acc | – | 0.00% | 0.14% | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Aug 2026 | View original factsheet ↗ | 14 Sept 2026 |
| Jul 2026 | View original factsheet ↗ | 21 Aug 2026 |