Fact sheet: L&G MM Inc Trust

Fund information
Fund name
L&G Multi Manager Income Trust I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund managers
  • Asset Allocation Teamsince 29/06/2014
Fund objective
The objective of this fund is to provide a combination of a high income with some growth.The fund will invest in a wide range of investment funds (including funds which are not authorised for sale in the UK) 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 20-60% shares
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
6.5%
1 Year rank in sector
125/204
Sector
UT Mixed Investment 20%-60% Shares
Yield
2.4%
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.
1.31%
Fund size
£165m (£173m 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.
50
Bid price
77.2
Offer price
77.34
Top in this sector
Fund name1 Year
S&W The Magpie18.8%
AXA Global Distribution17.8%
SVS TPI Balanced 216.3%
S&W Wessex15.2%
HSBC Open Global Return14.7%
...more in UT Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • USA29%
    UK26.1%
    Others8.2%
    Money Market7.2%
    France5.1%
  • Investment Grade Corporate Bonds21.8%
    High Yield Bond16.1%
    Industrials9.9%
    Financials9.5%
    Government Bonds7.5%
  • Global Corporate Fixed Interest33.9%
    UK Equities19.1%
    European Equities15.1%
    Japanese Equities6.3%
    UK Corporate Fixed Interest5.9%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%-1%5.3%6.5%12.8%29%
Sector-1.7%-0.6%6.3%7.1%14.8%35.7%
Rank within sector167 / 214135 / 213136 / 210125 / 204131 / 173124 / 144
Quartile4th3rd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund6.7%1.3%3.8%5.6%7.9%
Sector7.6%1.2%5%9%8%
Rank within sector129 / 204103 / 190140 / 175139 / 16198 / 145
Quartile3rd3rd4th4th3rd
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.
-1.47
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.
1.15
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.
0.14
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%.
6.14
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.
1.71
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.
-0.43
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.
0.94
Price movement
52 week high79.61
52 week low67.62
Current bid price77.2
Current offer price77.34
Current mid price-
Region
1USA28.95%
2UK26.14%
3Others8.18%
4Money Market7.2%
5France5.09%
6Netherlands4.65%
7Germany3.63%
8Japan2.99%
9Switzerland2.68%
Industry sector
1Investment Grade Corporate Bonds21.79%
2High Yield Bond16.11%
3Industrials9.88%
4Financials9.5%
5Government Bonds7.51%
6Money Market7.2%
7Consumer Goods5.3%
8Consumer Services4.95%
9Health Care3.63%
Asset type
1Global Corporate Fixed Interest33.92%
2UK Equities19.13%
3European Equities15.14%
4Japanese Equities6.25%
5UK Corporate Fixed Interest5.85%
6Global Emerging Market Equities4.8%
7Property4.41%
8North American Equities3.95%
9Asia Pacific ex Japan Equities3.36%
Individual holdings
1CDX NA HY 24 V2 05.000 NA 06/20/2020 GOLDMAN SACH FIXED3.09%
2CDX EM 24 V2 01.000 NA 12/20/2020 GSAM FLOAT2.39%
3NEW ZEALAND(GOVERNMENT OF) 4.5% BDS 15/04/27 NZD10000001.32%
4BP1.01%
5CDX EM 24 V2 01.000 NA 12/20/2020 JPMS FIXED0.88%
6BRITISH AMERICAN TOBACCO0.74%
7ASTRAZENECA PLC0.69%
8IMPERIAL BRANDS PLC0.66%
9BAYER AG0.65%
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 a combination of a high income with some growth.The fund will invest in a wide range of investment funds (including funds which are not authorised for sale in the UK) 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 20-60% shares
Investment style
Balanced
Investment method
None
Fund managers
NameSinceBiography
Asset Allocation Team29/06/2014The 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 Income Trust F Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price76.02
Offer price76.16
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5YE
L&G Multi Manager Income Trust F Inc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price60.26
Offer price60.37
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5YF
L&G Multi Manager Income Trust I Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)1.31%
Total expense ratio (TER)-
Bid price77.2
Offer price77.34
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGH7D
L&G Multi Manager Income Trust I Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)1.31%
Total expense ratio (TER)-
Bid price61.02
Offer price61.13
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGH7E
L&G Multi Manager Income Trust R Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price75.86
Offer price79.8
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBOW2
L&G Multi Manager Income Trust R Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price60.29
Offer price63.42
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBOW3
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.