Fact sheet: L&G Mixed Inv Inc 20-60%

Fund information
Fund name
L&G Mixed Investment Income 20-60% I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund managers
  • Chris Teschmachersince 18/09/2016
  • Andrzej Piochsince 08/06/2014
  • Justin Onuekwusisince 08/06/2014
  • Bruce Whitesince 08/06/2014
Fund objective
The objective of the fund is to provide a combination of income and capital growth.||The Manager will aim to identify a combination of investments that are expected to produce high income (relative to that generally available from the investments permitted), together with the potential for capital growth.||The fund invests in a broad range of UK and overseas company shares, bonds (a type of loan which pays interest), cash and other assets including those whose return is linked to commodities and property. The fund will invest between 20% and 60% in company shares.||Usually the fund will invest in these assets through other authorised investment funds, including index-tracking or actively managed funds from Legal & General. However, it may also invest directly in company shares, bonds, cash or cash like investments, as well as other funds. At times the fund could hold||[*up to 100% in other funds; or*][*up to 100% directly in the assets.*]|The bonds that the fund invests 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 bonds that the fund invests in may be issued by companies or governments.||The fund may use derivatives (contracts which have a value linked to the price of another asset) to:[*reduce risk or cost; or*][*generate additional capital or income with no, or an acceptably low, level of risk.*]|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 income units, income from investments held by the fund will be paid out to you monthly (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 3.00pm. This is the time we calculate unit prices for this fund. If you contact us after 3.00pm, 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
No data available.
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
11.2%
1 Year rank in sector
26/204
Sector
UT Mixed Investment 20%-60% Shares
Yield
3.2%
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.
0.53%
Fund size
£17m (£6m last year)
Top in this sector
Fund name1 Year
AXA Global Distribution19.2%
S&W The Magpie18.8%
SVS TPI Balanced 216.1%
Investec Caut Mgd15.6%
Omnis Multi-Asset Income15.3%
...more in UT Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • Global Fixed Interest58.3%
    Global Developed Equities16.9%
    UK Equities15.7%
    Global Emerging Market Equities5.9%
    Money Market3.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-2.2%5.6%11.2%--
Sector-0.7%-1%5.5%7.1%15.5%34.5%
Rank within sector171 / 214168 / 21398 / 21126 / 204--
Quartile4th4th2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund11.5%----
Sector7.4%1.2%5%9%8%
Rank within sector27 / 204----
Quartile1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high58.44
52 week low48.35
Current bid price-
Current offer price-
Current mid price56.02
Region
No data available.
Industry sector
No data available.
Asset type
1Global Fixed Interest58.25%
2Global Developed Equities16.94%
3UK Equities15.66%
4Global Emerging Market Equities5.87%
5Money Market3.28%
Individual holdings
No data available.
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 the fund is to provide a combination of income and capital growth.||The Manager will aim to identify a combination of investments that are expected to produce high income (relative to that generally available from the investments permitted), together with the potential for capital growth.||The fund invests in a broad range of UK and overseas company shares, bonds (a type of loan which pays interest), cash and other assets including those whose return is linked to commodities and property. The fund will invest between 20% and 60% in company shares.||Usually the fund will invest in these assets through other authorised investment funds, including index-tracking or actively managed funds from Legal & General. However, it may also invest directly in company shares, bonds, cash or cash like investments, as well as other funds. At times the fund could hold||[*up to 100% in other funds; or*][*up to 100% directly in the assets.*]|The bonds that the fund invests 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 bonds that the fund invests in may be issued by companies or governments.||The fund may use derivatives (contracts which have a value linked to the price of another asset) to:[*reduce risk or cost; or*][*generate additional capital or income with no, or an acceptably low, level of risk.*]|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 income units, income from investments held by the fund will be paid out to you monthly (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 3.00pm. This is the time we calculate unit prices for this fund. If you contact us after 3.00pm, 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
No data available.
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Chris Teschmacher18/09/2016Chris is a fund manager within LGIM’s Multi Asset Funds team with responsibilities in portfolio management and on-going development across the multi-asset product range. Chris joined LGIM in 2015 from HSBC Global Asset Management where he had spent over 6 years, most recently in the multi asset team covering capabilities including risk-targeted multi asset, multi-asset income and global tactical asset allocation. Chris has also worked on the emerging market debt team at HSBC in New York as a product specialist. Chris is a CFA Charterholder and holds the Investment Management Certificate. He graduated from Bristol University in 2008 with honours having studied economics and management
Andrzej Pioch08/06/2014Andrzej is a fund manager in the Multi-Asset Funds team with responsibilities covering the portfolio management and ongoing development of both institutional and retail multi-asset funds. Prior to joining LGIM in July 2014, he was a fund manager at Aviva Investors. He is a CFA charterholder and completed the MSc programme in Finance at Bocconi University in Milan. He also holds a bachelor’s degree in economics and social science from Utrecht University
Justin Onuekwusi08/06/2014Justin is a fund manager within the Portfolio Strategy team, focusing on the management of the team's retail and risk-profiled multi-asset funds. Prior to joining LGIM in August 2013, Justin was a fund manager with Aviva Investors' multi-asset team combining both strategic and tactical dynamic asset allocation with manager selection in the construction of multi-asset portfolios. He was lead fund manager on a range of risk-targeting multi-asset funds and co-lead fund manager on a number of unit-linked Life and Pension funds, as well as manager of manager offerings. Justin previously worked as a fund research analyst at Merrill Lynch and an investment consultant for Aon Consulting. Justin is a CFA charterholder and holds a degree in economics from the University of Warwick and the Investment Management Certificate
Bruce White08/06/2014Bruce is a fund manager in the Multi-Asset Funds team and leads the Portfolio Strategy team. He joined LGIM in February 2012. Bruce previously worked at Queensland Investment Corporation (QIC) for 12 years, where he was Director of Global Macro with responsibility for around $40 billion of TAA derivative overlays and a stand-alone total return fund to access those strategies directly. While at QIC he also had responsibilities for strategic asset allocation research, currency management and establishing a risk management framework. He has also advised pension funds and the Australian government’s Future Fund on their asset allocation and risk management models. Bruce is a CFA charterholder and graduated from the University of Queensland with a Bachelor of Commerce (hons) and a Bachelor of Economics.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Mixed Investment Income 20-60% C Acc
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price56.21
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMQ7U
L&G Mixed Investment Income 20-60% C Inc
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price54.07
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMQ7T
L&G Mixed Investment Income 20-60% D Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price55.84
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMQ7Y
L&G Mixed Investment Income 20-60% D Inc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price53.69
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMQ7X
L&G Mixed Investment Income 20-60% F Acc
Initial charge-
Annual charge-
Min single investment£20
Min regular saving£20
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price53.37
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN0CX
L&G Mixed Investment Income 20-60% F Inc
Initial charge-
Annual charge-
Min single investment£20
Min regular saving£20
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price52.48
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN0CW
L&G Mixed Investment Income 20-60% I Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price56.02
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMQ7W
L&G Mixed Investment Income 20-60% I Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price53.89
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMQ7V
L&G Mixed Investment Income 20-60% L Inc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price54.24
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMSZS
Data provided by

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