Fact sheet: L&G Mixed Investment 40-85%

Fund information
Fund name
L&G Mixed Investment 40-85% I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund managers
  • Justin Onuekwusisince 08/06/2014
  • Bruce Whitesince 08/06/2014
  • Martin Dietzsince 08/06/2014
  • Chris Teschmachersince 18/09/2016
Fund objective
The objective of this fund is to provide growth of both capitaland income.The fund will invest between 40 and 85% in a broad range ofUK and overseas company shares. The rest of the fund willbe invested at least 80% in bonds (a type of loan which paysinterest).Normally investments in these assets will be made by holdingat least 60% in other authorised investment funds, includingfunds from Legal & General, but 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 thathave been given a credit rating by a rating agency. Creditratings give an indication of how likely it is that the issuer ofa bond will be able to pay back interest and the loan on time.The bonds that the fund invests in may be issued bycompanies or governments.The fund may use derivatives (contracts which have a valuelinked to the price of another asset) 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 other transferable securities, otherfunds, cash or cash like investments.If you hold accumulation units, income from investments heldby the fund (dividends) will be reinvested into the value ofyour units.If you hold income units, income from investments held bythe fund will be paid out to you (as a dividend).You can buy or sell units in this fund on any working day. Youneed to contact us with your instruction before 3.00pm. Thisis the time we calculate unit prices for this fund. If you contactus after 3.00pm, the units will be bought or sold at the nextworking day's price.This fund may not be appropriate for investors who plan towithdraw their money within five years.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
11.8%
1 Year rank in sector
77/268
Sector
UT Mixed Investment 40%-85% Shares
Yield
2.5%
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.
0.53%
Fund size
£513m (£558m 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.
70
Top in this sector
Fund name1 Year
Orbis Gbl Bal34.6%
FP MA DRP VIII21.2%
HSBC Wld Seltn Advntr Pfl21%
CF Greenmount20.7%
S&W Millbank East River20.4%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • Global Developed Equities40.4%
    Global Fixed Interest24.5%
    UK Equities21.6%
    Property Shares6.3%
    Global Emerging Market Equities5.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.8%0.3%9.6%11.8%21.3%48.3%
Sector-2%0.4%8.9%9.5%18.7%46.9%
Rank within sector217 / 280158 / 279123 / 27577 / 26884 / 240121 / 207
Quartile4th3rd2nd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund13%0.9%7.2%9.6%10%
Sector9.9%2.2%5%13.5%9%
Rank within sector55 / 268196 / 25258 / 242199 / 22498 / 207
Quartile1st4th1st4th2nd
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.
0.24
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.
1.05
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.
0.44
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%.
7.78
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.
2.68
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.
0.18
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.
0.88
Price movement
52 week high60.93
52 week low47.87
Current bid price-
Current offer price-
Current mid price58.68
Region
No data available.
Industry sector
No data available.
Asset type
1Global Developed Equities40.4%
2Global Fixed Interest24.5%
3UK Equities21.55%
4Property Shares6.26%
5Global Emerging Market Equities5.3%
6Global Developed Markets Government Fixed Interest1.99%
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 this fund is to provide growth of both capitaland income.The fund will invest between 40 and 85% in a broad range ofUK and overseas company shares. The rest of the fund willbe invested at least 80% in bonds (a type of loan which paysinterest).Normally investments in these assets will be made by holdingat least 60% in other authorised investment funds, includingfunds from Legal & General, but 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 thathave been given a credit rating by a rating agency. Creditratings give an indication of how likely it is that the issuer ofa bond will be able to pay back interest and the loan on time.The bonds that the fund invests in may be issued bycompanies or governments.The fund may use derivatives (contracts which have a valuelinked to the price of another asset) 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 other transferable securities, otherfunds, cash or cash like investments.If you hold accumulation units, income from investments heldby the fund (dividends) will be reinvested into the value ofyour units.If you hold income units, income from investments held bythe fund will be paid out to you (as a dividend).You can buy or sell units in this fund on any working day. Youneed to contact us with your instruction before 3.00pm. Thisis the time we calculate unit prices for this fund. If you contactus after 3.00pm, the units will be bought or sold at the nextworking day's price.This fund may not be appropriate for investors who plan towithdraw their money within five years.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
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.
Martin Dietz08/06/2014Martin is a fund manager in LGIM's Multi-Asset Funds team and responsible for the development of medium and long-term investment strategy. Prior to joining LGIM in September 2012, Martin was a senior investment consultant at Towers Watson where he was a member of its Global Investment Committee and UK Portfolio Construction Group, providing asset class views and dynamic asset allocation for consulting and fiduciary clients. Martin previously worked as a manager at Ernst & Young in its Financial Services Risk Management. He has a PhD (summa cum laude) in economics and finance from the University of St Gallen, graduated from the doctoral programme of the Swiss National Bank at Gerzensee and was a visiting PhD student in economics at UC Berkeley
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
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Mixed Investment 40-85% A Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price264.7
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNK03
L&G Mixed Investment 40-85% A Inc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price198.1
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNK04
L&G Mixed Investment 40-85% C Acc
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.37%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price58.89
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKHOP
L&G Mixed Investment 40-85% C Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKHOO
L&G Mixed Investment 40-85% D Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price57.99
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKHOR
L&G Mixed Investment 40-85% D Inc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price55.5
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKHOQ
L&G Mixed Investment 40-85% F Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price270.7
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI0CA
L&G Mixed Investment 40-85% F Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI0CB
L&G Mixed Investment 40-85% 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 price58.68
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKHOT
L&G Mixed Investment 40-85% 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 price55.52
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKHOS
L&G Mixed Investment 40-85% L Acc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE4RQ
L&G Mixed Investment 40-85% M Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price278.3
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTPQ
L&G Mixed Investment 40-85% M Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price198.7
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGTPR
L&G Mixed Investment 40-85% R Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price264.1
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEPD4
Data provided by

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