Fact sheet: Legg Mason IFMCEuEqIn

Fund information
Fund name
Legg Mason IF Martin Currie European Equity Income X Acc
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund managers
  • David Forsythsince 01/01/2014
  • Ross Watsonsince 01/01/2012
Fund objective
The objective of this Fund is to provide an annual yield in excess of the MSCI Europe (ex UK) Index (Net) as well as the potential for capital growth through investment in Continental Europe.
Benchmark
  • MSCI Europe ex UK
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
24.3%
1 Year rank in sector
74/98
Sector
UT Europe Excluding UK
Yield
3%
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.
1.15%
Fund size
£24m (£23m 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.
110
Mid price
452.7
Top in this sector
Fund name1 Year
Neptune European Opps45.5%
Marlborough Eurpn Multi-Cap45%
Baillie Gifford European39.4%
Liontrust European Growth39.3%
Invesco Perp European Equity39.2%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Germany20.5%
    Switzerland19.8%
    France19.2%
    Italy9.3%
    Sweden7.9%
  • Financials21.5%
    Consumer Discretionary11.9%
    Health Care11.9%
    Industrials9.9%
    Consumer Staples9.7%
  • German Equities20.5%
    Swiss Equities19.8%
    French Equities19.2%
    Italian Equities9.3%
    Swedish Equities7.9%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.7%5%14%24.3%19.8%83%
Sector6%3.6%14.5%27.3%27.3%94.4%
Rank within sector87 / 10127 / 10162 / 9974 / 9881 / 8770 / 79
Quartile4th2nd3rd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund3.6%13.4%6.8%-3.7%28.9%
Sector3.3%16.4%9.1%-0.7%27.3%
Rank within sector56 / 10276 / 9868 / 9181 / 8722 / 81
Quartile3rd4th3rd4th2nd
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.
-2.84
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.
0.15
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%.
12.08
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.
2.79
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.
-0.91
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.
0.95
Price movement
52 week high452.4
52 week low342.9
Current bid price-
Current offer price-
Current mid price452.7
Region
1Germany20.49%
2Switzerland19.84%
3France19.22%
4Italy9.26%
5Sweden7.93%
6Netherlands7.54%
7Austria3.72%
8Finland3.38%
9Spain2.65%
Industry sector
1Financials21.48%
2Consumer Discretionary11.88%
3Health Care11.88%
4Industrials9.9%
5Consumer Staples9.68%
6Materials7.87%
7Telecommunications Utilities7.04%
8Energy5.94%
9Real Estate5.9%
Asset type
1German Equities20.49%
2Swiss Equities19.84%
3French Equities19.22%
4Italian Equities9.26%
5Swedish Equities7.93%
6Dutch Equities7.54%
7Austrian Equities3.72%
8Finnish Equities3.38%
9Spanish Equities2.65%
Individual holdings
1ROCHE HLDG AG6.39%
2NESTLE SA5.28%
3UNILEVER NV4.4%
4SYNGENTA AG3.66%
5AIRBUS GROUP SE3.23%
6DEUTSCHE TELEKOM AG3.22%
7ALLIANZ SE3.1%
8DAIMLER AG3.03%
9INTESA SANPAOLO SPA2.96%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund objective
The objective of this Fund is to provide an annual yield in excess of the MSCI Europe (ex UK) Index (Net) as well as the potential for capital growth through investment in Continental Europe.
Benchmark
  • MSCI Europe ex UK
Investment style
Concentrated,Growth
Investment method
Shares
Fund managers
NameSinceBiography
David Forsyth01/01/2014David joined Martin Currie in 2005 and co-manages our European Equity Income Fund as well as providing portfolio-management support to European long only and charity portfolios. Prior to this, he worked with Tom Walker, co-managing our North American funds. Before joining Martin Currie, David worked on Abbey National Asset Managers’ US desk as an investment manager. He has also worked as an analyst covering Asian markets for Scottish Life. David began his career with Ernst & Young, where he qualified as a chartered accountant.
Ross Watson01/01/2012Ross joined Martin Currie in 2005 and manages European portfolios including our European Equity Income Fund, along with the accounts of a number of our charity clients. He came to us from Aberdeen Asset Managers, where he worked for five years. During his time there, he managed the Murray Income Trust, Jersey Phoenix Trust, Murray Extra Return Investment Trust and The Income & Growth Trust. Before that, Ross worked for Gartmore, where he spent 12 years managing its high-income UK equity portfolios. He has also worked for Dunedin Fund Managers as a UK fund manager. Ross started his investment career in 1983 as a trainee analyst with First Scottish Investment Trust.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Legg Mason IF Martin Currie European Equity Income A Acc
Initial charge-
Annual charge1%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price409
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSY05
Legg Mason IF Martin Currie European Equity Income A Inc
Initial charge-
Annual charge1%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price346.6
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0XVR
Legg Mason IF Martin Currie European Equity Income B
Initial charge-
Annual charge1%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.5
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMFVC
Legg Mason IF Martin Currie European Equity Income E
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100
CurrencyGBX
Price updated16/09/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMFVD
Legg Mason IF Martin Currie European Equity Income X Acc
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price452.7
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeML95
Legg Mason IF Martin Currie European Equity Income X Inc
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price384.4
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0XVS
Data provided by

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