Fact sheet: L&G MM Balanced Trust

Fund information
Fund name
L&G Multi Manager Balanced Trust I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund managers
  • Asset Allocation Teamsince 30/06/2014
Fund objective
The objective of this fund is to provide growth, whilst safeguarding against excessive risks.The fund will invest in a wide range of authorised investment funds that hold company shares, bonds (a type of loan which pays interest) issued by companies, commercial property and cash. The fund manager will select investment funds that invest across all countries, currencies and sectors.The bonds that these funds invest in may be investment grade (rated as lower risk) or sub-investment grade (rated as higher risk). Investment and sub-investment grade bonds are bonds that have been given a credit rating by a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time.The fund may also have a small direct holding in cash, deposits, bonds and company shares.The investment manager will not invest in derivatives (contracts which have a value linked to the price of another asset) without giving investors at least 60 days' notice of its intention to do so.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
  • IA Mixed Investment 40%-85% Shares
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
15.4%
1 Year rank in sector
179/267
Sector
UT Mixed Investment 40%-85% Shares
Yield
1.5%
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.
1.44%
Fund size
£26m (£24m 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.
64
Bid price
76.3
Offer price
76.38
Top in this sector
Fund name1 Year
Orbis Gbl Bal29.4%
HSBC Wld Seltn Advntr Pfl28.3%
S&W Acacia26.8%
SVS TPI Aggressive 126.7%
HSBC Gbl Strat Dyn Pfl26%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK31.4%
    USA21.1%
    Japan10.5%
    Others10.1%
    Money Market3.9%
  • Financials14.5%
    Industrials13.6%
    Investment Grade Corporate Bonds11.3%
    High Yield Bond10.4%
    Consumer Services8.3%
  • UK Equities29.4%
    Global Corporate Fixed Interest28.8%
    European Equities17%
    Global Emerging Market Equities8.3%
    North American Equities3.9%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%2.8%4.4%15.4%23%34.5%
Sector0.3%3.1%4.6%16.6%26%49.9%
Rank within sector181 / 281164 / 281160 / 277179 / 267190 / 242195 / 210
Quartile3rd3rd3rd3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund3.5%11.9%0.7%3.3%7.7%
Sector3.8%13.3%2.2%5%13.5%
Rank within sector168 / 278172 / 262196 / 248209 / 239210 / 224
Quartile3rd3rd4th4th4th
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.
-1.35
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.
1.11
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.
0.48
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%.
7.95
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.
2.2
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.
-0.26
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.
0.93
Price movement
52 week high76.89
52 week low64.91
Current bid price76.3
Current offer price76.38
Current mid price-
Region
1UK31.44%
2USA21.1%
3Japan10.5%
4Others10.05%
5Money Market3.91%
6Not Specified3.76%
7France3.61%
8Netherlands2.96%
9India2.57%
Industry sector
1Financials14.48%
2Industrials13.62%
3Investment Grade Corporate Bonds11.33%
4High Yield Bond10.4%
5Consumer Services8.31%
6Consumer Goods7.2%
7Government Bonds5.88%
8Technology5.18%
9Health Care5.03%
Asset type
1UK Equities29.41%
2Global Corporate Fixed Interest28.84%
3European Equities17.02%
4Global Emerging Market Equities8.32%
5North American Equities3.91%
6Asia Pacific ex Japan Equities3.72%
7UK Corporate Fixed Interest3.32%
8Cash & Cash Equivalents3.31%
9Property1.53%
Individual holdings
1CDX NA HY 24 V2 05.000 NA 06/20/2020 GOLDMAN SACH FIXED2.74%
2CDX EM 24 V2 01.000 NA 12/20/2020 GSAM FLOAT2.12%
3BP1.61%
4HSBC HLDGS1.21%
5NEW ZEALAND(GOVERNMENT OF) 4.5% BDS 15/04/27 NZD10000001.17%
6BARCLAYS PLC1.02%
7ASTRAZENECA PLC0.88%
8LLOYDS BANKING GROUP PLC0.88%
9ROYAL DUTCH SHELL0.88%
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, whilst safeguarding against excessive risks.The fund will invest in a wide range of authorised investment funds that hold company shares, bonds (a type of loan which pays interest) issued by companies, commercial property and cash. The fund manager will select investment funds that invest across all countries, currencies and sectors.The bonds that these funds invest in may be investment grade (rated as lower risk) or sub-investment grade (rated as higher risk). Investment and sub-investment grade bonds are bonds that have been given a credit rating by a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time.The fund may also have a small direct holding in cash, deposits, bonds and company shares.The investment manager will not invest in derivatives (contracts which have a value linked to the price of another asset) without giving investors at least 60 days' notice of its intention to do so.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
  • IA Mixed Investment 40%-85% Shares
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
Asset Allocation Team30/06/2014The Index Fund management team comprises 29 investment professionals with average industry experience of 14 years. Together they are responsible for a wide range of index funds – covering equities, fixed income and alternative asset classes. The team has £277 billion index assets under management. All data as at 31 December 2015
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Multi Manager Balanced Trust F Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.83%
Total expense ratio (TER)-
Bid price74.92
Offer price75
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5YA
L&G Multi Manager Balanced Trust F Inc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.83%
Total expense ratio (TER)-
Bid price69.62
Offer price69.7
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5YB
L&G Multi Manager Balanced Trust I Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)1.44%
Total expense ratio (TER)-
Bid price76.3
Offer price76.38
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGH6Z
L&G Multi Manager Balanced Trust I Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)1.44%
Total expense ratio (TER)-
Bid price69.67
Offer price69.75
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGH7A
L&G Multi Manager Balanced Trust R Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.83%
Total expense ratio (TER)-
Bid price74.89
Offer price78.72
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBOV8
L&G Multi Manager Balanced Trust R Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.83%
Total expense ratio (TER)-
Bid price69.62
Offer price73.18
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBOV9
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.