Fact sheet: L&G Multi Manager Income Pn

Fund information
Fund name
L&G Multi Manager Income Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Asset Allocation Teamsince 30/06/2014
Underlying fund
L&G MM Inc 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
No data available.
Investment method
No data available.
Quick stats
1 Year return
12.8%
1 Year rank in sector
223/490
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£2m (£3m 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.
47
Bid price
171.61
Offer price
171.61
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn41.3%
OMW IPL F&COs EqLnkUKInflPn35.1%
AXA Wealth TEAMS cl Gvn ptfl VPn26.8%
OMW IPL F&C Os EqLkUK GltPn26.6%
AXA Wealth TEAMS cl Gvn ptfl IVPn25.3%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • North America31.6%
    UK26.7%
    Europe ex UK25.2%
    Not Specified7.9%
    Emerging Asia4.1%
  • Investment Grade Corporate Bonds22%
    High Yield Bond16.6%
    Financials13.8%
    Industrials12.3%
    Government Bonds8.2%
  • Global Corporate Fixed Interest41.9%
    UK Equities16.1%
    European Equities13.1%
    UK Corporate Fixed Interest5.8%
    Japanese Equities5.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%3.5%4.5%12.8%20.1%32.4%
Sector0.3%2.7%3.2%13%21.7%38.9%
Rank within sector104 / 52974 / 522122 / 519223 / 490197 / 407262 / 351
Quartile1st1st1st2nd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.8%9.7%1.7%5%5.7%
Sector2.3%11.8%1.3%6%8.3%
Rank within sector156 / 522276 / 459168 / 423214 / 397328 / 380
Quartile2nd3rd2nd3rd4th
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.
-0.4
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.
0.98
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.
0.41
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%.
5.94
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.
2.78
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.
-0.2
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.
0.78
Price movement
52 week high172.55
52 week low151.54
Current bid price171.61
Current offer price171.61
Current mid price-
Region
1North America31.58%
2UK26.65%
3Europe ex UK25.17%
4Not Specified7.86%
5Emerging Asia4.08%
6Japan3.45%
7Australasia3.34%
8Money Market2.54%
9Central & S America2.23%
Industry sector
1Investment Grade Corporate Bonds21.97%
2High Yield Bond16.58%
3Financials13.77%
4Industrials12.25%
5Government Bonds8.2%
6Consumer Services5.66%
7Consumer Goods5.45%
8Health Care3.89%
9Utilities3.39%
Asset type
1Global Corporate Fixed Interest41.9%
2UK Equities16.11%
3European Equities13.11%
4UK Corporate Fixed Interest5.81%
5Japanese Equities5.67%
6North American Equities4.22%
7Property3.75%
8Global Emerging Market Equities3.62%
9Asia Pacific ex Japan Equities3.05%
Individual holdings
1CDX NA HY 24 V2 05.000 NA 06/20/2020 GOLDMAN SACH FIXED3.2%
2CDX EM 24 V2 01.000 NA 12/20/2020 GSAM FLOAT2.48%
3NEW ZEALAND(GOVERNMENT OF) 4.5% BDS 15/04/27 NZD10000001.37%
4BP1.09%
5BRITISH AMERICAN TOBACCO0.92%
6CDX EM 24 V2 01.000 NA 12/20/2020 JPMS FIXED0.91%
7IMPERIAL BRANDS PLC0.69%
8RELX NV0.61%
9UNITED STATES OF AMER TREAS BONDS 5.5% 15/8/2028 USD10000.61%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
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
No data available.
Investment method
No data available.
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
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Multi Manager Income Pn 3
Initial charge-
Annual charge0.12%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.89%
Bid price171.61
Offer price171.61
Mid price-
CurrencyGBX
Price updated28/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNDA6
L&G Multi Manager Income Pn G25
Initial charge-
Annual charge1.29%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.29%
Bid price162.72
Offer price162.72
Mid price-
CurrencyGBX
Price updated28/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeBQY5
Data provided by

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