Legal & General Global Equity Index E

Worldwide equity fund.

  • 0.00p
    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.

  • 0.00p
    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!

  • 0.45%
    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).

  • 0.98%
    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.

  • 0.00%
    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…

Fund summary

Sector Global
Structure X-UNIT TRUST
Launched November, 2000
Size £0m
Yield 0.00%
Charging basis
Dividends paid 15 Jan, 15 Jul

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.45%
Ongoing charges figure 0.98%

Allocation

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Investment process

The fund's aim is to maximise the total return, primarily from capital growth, by investing in securities worldwide, including the UK, and which may be selected from economic sectors. The Manager will vary the proportion of equity and capital market securities, as well as their distribution by geographical area, to meet this aim.

Manager research

Average monthly relative returns

  • 14/15 0.06%
  • 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 -0.32%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 24.50%

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

Kevin Chessum

Chessum obtained a degree in Mathematics and Statistics from Warwick University befire joining L&G in 1980. Over the past 16 years he has analysed most sectors in the UK market, including a three year period in smaller cos. He currently manages UK equity portfolios and is specifically responsible for the telecommunications, food producers, property and miscellaneous financial sectors.

Track record

Kevin Chessum has 2.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.32%. During the worst period of relative performance (from December 2000 - February 2003) there was a decline of 14% relative to the index. The worst absolute loss has been 47%.

Periods of worst performance

Absolute -47.00% (January 2001 - January 2003)
Relative -14.00% (December 2000 - February 2003)

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 (%)

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Top 10 holdings

Data accurate as at 30 September 2017

1.92% Apple Inc
1.34% Microsoft Corp
.95% Facebook Inc
.91% Amazon.com Inc
.84% Johnson & Johnson
.81% Exxon Mobil Corp
.81% Jpmorgan Chase & Co
.78% Alphabet Inc
.63% Nestle Sa
.62% Berkshire Hathaway Inc
Source: Trustnet

Sector breakdown

Financials 22.00%
Industrials 13.00%
Consumer Goods 13.00%
Technology 13.00%
Health Care 11.00%
Consumer Services 10.00%
Oil & Gas 6.00%
Basic Materials 5.00%
Utilities 3.00%
Telecommunications 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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