fund
Legal & General European Index C
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349.60p
Price (Inc)
These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.
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564.60p
Price (Acc)
These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?
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0.00%
Initial chargeSome funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!
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0.04%
Annual management charge
This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).
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0.09%
Ongoing charges
This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.
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1.60%
Yield
How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…
The Fund aims to provide potential for capital growth by tracking the performance of the FTSE World Europe ex UK Index as closely as possible. To achieve accurate tracking, the trust will invest in a representative sample of the index constituents. Like the index, the bulk of the portfolio will consist of large and medium sized companies.
Fund summary
| Sector | Europe Excluding UK |
| Structure | UNIT TRUST |
| Launched | |
| Size | £3,664m |
| Yield | 1.60% |
| Charging basis | Income |
| Dividends paid | 30 Sep |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Annual management charge | 0.04% |
| Ongoing charges figure | 0.09% |
Allocation
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Investment process
In order to achieve its objective of closely replicating the FTSE World Europe ex UK index the fund uses a representative sample of direct equities from that index. To do this statistical sampling technique is used to construct and maintain a portfolio, the underlying value of which exhibits the performance characteristics of the Index. Therefore a large number of European market constituents will be held in the fund but typically in smaller sub sectors a basket approach will be taken, whereby only a collection of stocks will be held.
The idea of this fund is to gain exposure to European stock markets at low cost, without all the risks attached to actively managed European portfolios. In the past the fund has been relatively successful at tracking European markets.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Track record
Periods of worst performance
| Absolute | 0.00% () |
| Relative | 0.00% () |
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.
Allocation
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Sector breakdown
| Industrials | 18.00% |
| Health Care | 16.00% |
| Financials | 16.00% |
| Consumer Discretionary | 13.00% |
| Technology | 10.00% |
| Consumer Staples | 9.00% |
| Basic Materials | 5.00% |
| Utilities | 4.00% |
| Energy | 4.00% |
| Telecommunications | 4.00% |
Portfolio
Tracks FTSE Europe ex UK equity index. There are typically around 500 stocks held within the portfolio.