Legal & General Global 100 Index I

Invests in the largest 100 companies from the Standard & Poors Global index.

  • 169.70p
    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.

  • 252.20p
    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!

  • 0.10%
    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).

  • 0.14%
    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.

  • 1.50%
    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 07 May 2021

Fund summary

Sector Global
Structure UNIT TRUST
Launched December, 2005
Size £374m
Yield 1.50%
Charging basis Income
Dividends paid 15 Feb, 15 Aug

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.10%
Ongoing charges figure 0.14%

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Investment process

The fund's objective is to provide the potential for reliable growth by tracking the performance of the S&P Global 100 Index, converted into pounds sterling. In order to accurately track this Index, the trust’s investments will closely replicate the holdings in that Index.

Manager research

Average monthly relative returns

  • 16/17 -0.06%
  • 17/18 -0.21%
  • 18/19 0.18%
  • 19/20 0.04%
  • 20/21 -0.32%

Bestinvest MRI

  • 3 years -0.03%
  • 5 years -0.07%
  • Career -0.07%
  • 3 years 48.80%
  • 5 years 33.70%
  • Career 38.60%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Robert Dowling

Dowling is a Fund Manager responsible for the management of a number of international equity index portfolios. He joined the Legal & General Investment Management (LGIM) Index Fund team in April 2010. Previously, he was at State Street Global Advisors (SSgA) where he was a fund manager specialising in Pacific and global emerging markets for five years. Prior to managing funds, he worked as a portfolio analyst at SSgA. He holds a BSc Hons in Politics from Bristol University which he completed in 1997, and is a CFA charterholder and a member of the CFA Society of the UK.

Track record

Robert Dowling has 10.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%. During the worst period of relative performance (from December 2010 - December 2020) there was a decline of 10% relative to the index. The worst absolute loss has been 24%.

Periods of worst performance

Absolute -24.00% (December 2010 - January 2016)
Relative -10.00% (December 2010 - December 2020)

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 30 June 2020

11.4% Microsoft Corp
11.2% Apple Inc
8.6% Amazon.com Inc
3.1% Alphabet Inc
3.1% Alphabet Inc
2.7% Johnson & Johnson
2.5% Nestle Sa
2.2% Procter & Gamble Company
2.1% Jpmorgan Chase & Co
1.9% Intel Corp
Source: Trustnet

Sector breakdown

Information Technology 28.00%
Health Care 15.00%
Consumer Discretionary 14.00%
Consumer Staples 12.00%
Financials 9.00%
Communications 8.00%
Industrials 5.00%
Energy 5.00%
Materials 2.00%
Real Estate 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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