Fact sheet: L&G European Trust

Fund information
Fund name
L&G European Trust I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund managers
  • Gavin Laundersince 01/02/2011
Fund objective
The objective of this fund is to provide growth.The fund will typically invest between 90% and 100% in company shares.The fund will invest in a broad range of company shares from all economic sectors. The company shares that the fund invests in will be exclusively from Europe (excluding the UK). These shares will be issued by leading industrial and commercial companies as well as newly emerging companies.The fund will invest directly in these company shares or indirectly through derivatives (contracts which have a value linked to the price of another asset).The fund may use derivatives for the following purposes:•To help with efficient day to day management.•To reduce some of the risks of the market.The fund may also invest in cash or deposits.If you hold accumulation units, income from investments held by the fund (dividends) will be reinvested into the value of your units.If you hold distribution units, income from investments held by the fund will be paid out to you (as a dividend).You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price.This fund may not be appropriate for investors who plan to withdraw their money within five years.
Benchmark
  • FTSE World Eur Ex UK TR GBP
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
12.4%
1 Year rank in sector
33/96
Sector
UT Europe Excluding UK
Yield
0.4%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.96%
Fund size
£132m (£151m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
113
Bid price
413
Offer price
414.5
Top in this sector
Fund name1 Year
Marlborough Eurpn Multi-Cap31.2%
Neptune European Opps21.9%
Liontrust European Growth20%
Aviva Inv Euro Equity MoM 219.1%
Baillie Gifford European17.6%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Europe ex UK97.7%
    Others1.4%
    Money Market0.9%
  • Industrials23.2%
    Financials19.9%
    Consumer Goods16%
    Technology14.8%
    Consumer Services6.5%
  • Europe ex UK Equities97.7%
    International Equities1.4%
    Money Market0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%-1.8%8.4%12.4%25.3%85.7%
Sector-1.9%-1.4%6.9%10.5%22%73.6%
Rank within sector38 / 10158 / 10030 / 9933 / 9628 / 8720 / 79
Quartile2nd3rd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund10.6%8%1%30.1%23.2%
Sector8.6%9.1%-0.7%27.3%19.2%
Rank within sector36 / 9862 / 9128 / 8715 / 8112 / 79
Quartile2nd3rd2nd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.77
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.06
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.32
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.27
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.5
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.22
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.86
Price movement
52 week high444.8
52 week low321.5
Current bid price413
Current offer price414.5
Current mid price-
Region
1Europe ex UK97.7%
2Others1.4%
3Money Market0.9%
Industry sector
1Industrials23.2%
2Financials19.88%
3Consumer Goods16%
4Technology14.78%
5Consumer Services6.54%
6Oil & Gas5.77%
7Telecommunications3.77%
8Others3.26%
9Health Care3.01%
Asset type
1Europe ex UK Equities97.7%
2International Equities1.4%
3Money Market0.9%
Individual holdings
1LUXOTTICA GROUP4.11%
2PANDORA AS3.96%
3ALTICE NV3.77%
4BASWARE OYJ3.63%
5ING GROEP N.V.3.56%
6CAIXABANK SA3.54%
7KONE OYJ3.52%
8KION GROUP AG3.51%
9MARINE HARVEST ASA3.35%
Management
Fund manager group
Legal & General UT Mgr
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund objective
The objective of this fund is to provide growth.The fund will typically invest between 90% and 100% in company shares.The fund will invest in a broad range of company shares from all economic sectors. The company shares that the fund invests in will be exclusively from Europe (excluding the UK). These shares will be issued by leading industrial and commercial companies as well as newly emerging companies.The fund will invest directly in these company shares or indirectly through derivatives (contracts which have a value linked to the price of another asset).The fund may use derivatives for the following purposes:•To help with efficient day to day management.•To reduce some of the risks of the market.The fund may also invest in cash or deposits.If you hold accumulation units, income from investments held by the fund (dividends) will be reinvested into the value of your units.If you hold distribution units, income from investments held by the fund will be paid out to you (as a dividend).You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price.This fund may not be appropriate for investors who plan to withdraw their money within five years.
Benchmark
  • FTSE World Eur Ex UK TR GBP
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Gavin Launder01/02/2011Gavin joined LGIM in 2007 and is a fund manager within the High Alpha team for Europe ex-UK portfolios. He joined LGIM from BlueBay Asset Management where he was a global equities analyst. Gavin spent the majority of his buy-side career as a Portfolio Manager with UBS O’Connor. Prior to this, he was a top-rated, sell-side analyst covering the Autos, Capital Goods and Conglomerates sectors at investment banks including SG Warburg (now part of UBS) and Goldman Sachs. Gavin holds a degree in Philosophy and Economics from University College, London.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
L&G European Trust E Acc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price396.9
Offer price398.3
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLE01
L&G European Trust E Inc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price360.8
Offer price362.1
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLE42
L&G European Trust F Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.35%
Total expense ratio (TER)-
Bid price406.1
Offer price407.6
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5WK
L&G European Trust F Inc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.35%
Total expense ratio (TER)-
Bid price363.8
Offer price365.2
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5WL
L&G European Trust I Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price413
Offer price414.5
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5WI
L&G European Trust I Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price365.3
Offer price366.6
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5WJ
L&G European Trust R Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price396.9
Offer price418.2
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFZ57
L&G European Trust R Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price360.8
Offer price380.2
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFZ58
Data provided by

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