24.01 Liontrust Views Winter 2024 - Flipbook - Page 26
IMPORTANT INFORMATION
KEY RISKS
Past performance does not predict future returns. You may
get back less than you originally invested.
The Funds and Model Portfolios managed by the Multi-Asset
Team may be exposed to the following risks:
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. The creditworthiness of a bond issuer
may also affect that bond’s value. Bonds that produce a higher
level of income usually also carry greater risk as such bond
issuers may have difficulty in paying their debts. The value of a
bond would be significantly affected if the issuer either refused
to pay or was unable to pay;
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. Bonds are affected by
changes in interest rates and their value and the income they
generate can rise or fall as a result;
Derivatives Risk: Some of the underlying funds may invest in
derivatives, which can, in some circumstances, create wider
fluctuations in their prices over time;
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LIONTRUST VIEWS – WINTER
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.
Any performance shown in respect of the Model Portfolios
are periodically restructured and and/or rebalanced. Actual
returns may vary from the model returns.
The issue of units/shares in the Liontrust Multi-Asset 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.
For the Multi-Asset Model Portfolios, any performance shown
represents model portfolios which are periodically restructured
and/or rebalanced. Actual returns may vary from the model
returns. There is no certainty the investment objectives of
the portfolio will actually be achieved, and no warranty
or representation is given to this effect, whether express or
implied. The portfolios therefore should be considered as longterm investments.
