Legal & General European Index R

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

  • 291.20p
    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.

  • 422.00p
    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?

  • 0.00%

    Initial charge

    Some 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!

  • 0.65%
    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).

  • 0.84%
    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.

  • 2.30%
    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…

Prices as at 08 July 2020, 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 October, 2000
Size £2,960m
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%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

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

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 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.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 January 2020

4.6% Nestle Sa
3.4% Roche Hldg Ag
2.8% Novartis Ag
1.8% Sap Se
1.7% Total Sa
1.6% Asml Holding Nv
1.5% Lvmh Moet Hennessy Vuitton Se
1.5% Novo-Nordisk As
1.5% Sanofi
1.4% Allianz Se
Source: Trustnet

Sector breakdown

Financials 20.00%
Consumer Goods 19.00%
Industrials 16.00%
Health Care 16.00%
Technology 7.00%
Basic Materials 5.00%
Utilities 5.00%
Oil & Gas 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

Download

Key Investor Information - Accumulation

Download