Fact sheet: L&G MM Inc Trust

Fund information

Fund name
L&G Multi Manager Income Trust I Acc
Fund company manager
Legal & General UT Mgr Ltd
Fund type
UKA
Fund manager(s)
Asset Allocation Team
since 30/06/2014
Fund objective
The Scheme's investment objective is to achieve a high Income with some potential for capital 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.This fund may not be appropriate for investors who plan to withdraw their money within five years.
Benchmark
IA Mixed Investment 20-60% Shares
Investment style
Balanced
Investment method
None

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

3.88 %

1 Year rank in sector

47/200

Sector

UT Mixed Investment 20-60% Shares

Yield

2.4

Fund size

£ 149.4 m

FE Risk score

45

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • International
    20.9%
  • UK
    18.7%
  • Global Emerging Markets
    16.9%
  • Not Specified
    14.2%
  • North America
    10.7%
  • Equities
    47.1%
  • Government Bonds
    14.5%
  • Investment Grade Bonds
    13.4%
  • High Yield Bond
    7.1%
  • Infrastructure
    5.4%
  • Global Emerging Market Government Fixed Interest
    12.2%
  • UK Equities
    11.2%
  • Global Investment Grade Fixed Interest
    11%
  • North American Equities
    10.7%
  • Europe ex UK Equities
    8.9%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund-0.05 %-1.25 %3.88 %11.56 %24.89 %
Sector0.02 %-1.18 %2.63 %11.13 %27.1 %
Rank within sector122 / 212109 / 20247 / 20088 / 178103 / 152
Quartile th3 rd3 rd1 st2 nd3 rd

Calendar performance

YTD-20182017201620152014
Fund-2.04 %8.8 %9.6 %1.26 %3.82 %
Sector-1.91 %7.11 %10.25 %1.21 %4.98 %
Rank within sector120 / 20843 / 196114 / 18798 / 173129 / 160
Quartile th3 rd1 st3 rd3 rd4 th

Risk statistics

Alpha-0.45
Beta1.16
Sharpe0.02
Volatility6.21
Tracking error1.26
Information ratio0.07
R-Squared0.98

Price movement

52 week high87.32
52 week low81.2
Current bid price84.54
Current offer price84.72
Current mid price0

Holdings by region

  • 20.9% International
  • 18.7% UK
  • 16.9% Global Emerging Markets
  • 14.2% Not Specified
  • 10.7% North America
  • 8.9% Europe ex UK
  • 4.5% Japan
  • 3.7% Pacific ex-Japan
  • 1.3% EU
  • 0.2% Money Market

Holdings by sector

  • 47.1% Equities
  • 14.5% Government Bonds
  • 13.4% Investment Grade Bonds
  • 7.1% High Yield Bond
  • 5.4% Infrastructure
  • 4.6% Mutual Funds
  • 3% Index Linked
  • 2.7% Property Shares
  • 1.1% Commodity & Energy
  • 1.1% Property

Holdings by asset type

  • 12.2% Global Emerging Market Government Fixed Interest
  • 11.2% UK Equities
  • 11% Global Investment Grade Fixed Interest
  • 10.7% North American Equities
  • 8.9% Europe ex UK Equities
  • 7.3% Global High Yield Fixed Interest
  • 5.1% Others
  • 4.8% Hedge
  • 4.7% Global Emerging Market Equities
  • 4.5% Japanese Equities

Individual holdings

  • 9.7% NORDEA 1 GLOBAL HIGH YIELD BOND FUND
  • 7.8% SCHRODER RECOVERY A ACC
  • 6.4% NEUBERGER BERMAN GLOBAL BOND ABSOLUTE RETURN FUND
  • 6.1% LGIM STERLING LIQUIDITY FUND
  • 6% J O HAMBRO CAPITAL MANAGEMENT JAPAN FUND
  • 5.9% BLACK ROCK EUROPEAN DYNAMIC
  • 5.3% ARTEMIS INCOME R ACC
  • 5.3% BLACKROCK GLOBAL FUNDS EMERGING MARKETS LOCAL CURRENCY BOND FUND
  • 4.7% JPM GLOBAL CORPORATE BOND A HEDGED DIS NAV GBP
  • 4.5% MI TWENTYFOUR AM DYNAMIC BOND FUND