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Liontrust MA BirthStar Target Date 2015-20 Class R - Accumulation (GBP)

Sell:135.90p Buy:135.90p Change: No change
Prices as at 2 December 2020
Change: No change
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 2 December 2020
Change: No change
Prices as at 2 December 2020
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 4.00%
Initial saving from HL: 4.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.55%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.55%

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.

Other Information

Unit type: Unbundled
Fund launch date: 11 November 2014
Sector: Flexible Investment
Fund size: £1 million
Number of holdings: 13
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 08:00
Trustee: State Street Trustees Limited
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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02/12/15 to 02/12/16 02/12/16 to 02/12/17 02/12/17 to 02/12/18 02/12/18 to 02/12/19 02/12/19 to 02/12/20
Annual return 11.28% 6.64% 0.82% 7.15% 3.11%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The Fund seeks to achieve capital growth and, gradually over time, to reduce the risk of capital erosion for investors planning to withdraw all or substantial portions of their investment in the Fund during or after the Target Date Range (which is 2015-20). The Fund is mainly invested in units of other collective investment schemes, including schemes managed by firms in the AXA Group. The collective investment schemes that the Fund invests in will predominantly be of a passive nature, meaning collective investment schemes that track investment indices. The Fund may also invest in transferable securities, money market instruments, warrants, deposits, derivative instruments and, or indirectly through, collective investment schemes. Use may be made of stock-lending, borrowing, cash holdings and hedging. The Fund may use derivatives for investment purposes as well as for Efficient Portfolio Management. The Fund's strategic asset allocation will alter over time, gradually reducing expected volatility on approach to the target date range and thereafter. The Fund also deploys a tactical asset allocation process that seeks to manage portfolio risk in the short term, mitigating the effect of extremes in the market. The ACD's and/or the Investment Adviser's assessment of the growth and volatility prospects of various assets classes may vary over time. Collective investment schemes are selected on the basis of their efficiency at tracking the performance of their reference investment indices.

Income Details

Historic yield : 0.72%
Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 1 January 2021
Payment date: 28 February 20214

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 30 September 2020.

Security Weight
iShares Ishares III Plc UK Gilts 0-5Yr UCITS ETF GBP Dist 20.74%
BlackRock iShares UK Gilts All Stocks Index Class L 13.46%
SSgA GBP Liquidity Institutional Stable 13.37%
Vanguard U.K. Inflation-Linked Gilt Index GBP 12.98%
BlackRock iShares North American Equity Index Class L 10.85%
BlackRock iShares Corporate Bond Index Class L 8.42%
BlackRock iShares UK Equity Index Class L 4.70%
BlackRock iShares Index Linked Gilt Index Class L 4.54%
BlackRock iShares Continental European Equity Index Class L 4.19%
BlackRock iShares Japan Equity Index Class L 2.43%
Sector Weight
Bonds 40.32%
Managed Funds 20.87%
Cash and Equiv. 14.50%
Software & Computer Services 2.18%
Pharmaceuticals & Biotechnology 1.99%
Technology Hardware & Equipment 1.87%
Non-Classified 1.18%
Retailers 1.16%
Banks 1.10%
Industrial Support Services 1.01%
Country Weight
United Kingdom 39.61%
Managed Funds 20.87%
Cash and Equiv. 14.50%
United States 11.09%
Japan 2.45%
Non-Classified 1.64%
France 1.47%
Germany 1.37%
Netherlands 1.06%
Switzerland 0.93%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 2 December 2020. Data provided by Funds Library, correct as at 31 October 2020.

You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.