Legal & General European Index R

Tracks the FTSE World Europe ex UK index using stratified sampling.

  • 287.90p Price (Inc)
  • 416.80p Price (Acc)
  • 0.00% Initial charge
  • 0.65% Annual management charge
  • 0.84% Ongoing charges
  • 2.30% Yield

Prices as at 06 December 2019, fund data last updated 07 April 2014

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 June, 1989
Size £3,318m
Yield 2.30%
Charging basis Income
Dividends paid 30 Sep

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.65%
Ongoing charges figure 0.84%

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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

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 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.

LGIM Index Fund Management Team

Track record

The track record of LGIM Index Fund Management Team in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

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.

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Top 10 holdings

Data accurate as at 31 July 2019

4.9% Nestle Sa
3.1% Novartis Ag
3% Roche Hldg Ag
1.9% Total Sa
1.8% Sap Se
1.6% Lvmh Moet Hennessy Vuitton Se
1.5% Allianz Se
1.4% Asml Holding Nv
1.4% Sanofi
1.3% Unilever
Source: Trustnet

Sector breakdown

Consumer Goods 20.00%
Financials 19.00%
Industrials 15.00%
Health Care 15.00%
Technology 6.00%
Basic Materials 5.00%
Oil & Gas 5.00%
Utilities 4.00%
Consumer Services 4.00%
Telecommunications 3.00%

Portfolio

Tracks FTSE Europe ex UK equity index. There are typically around 500 stocks held within the portfolio.

Key Investor Information - Income

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Key Investor Information - Accumulation

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