Legal & General Global Technology Index I

A tracker fund investing in IT companies worldwide.

  • 60.20p Price (Inc)
  • - Price (Acc)
  • 0.00% Initial charge
  • 0.30% Annual management charge
  • 0.32% Ongoing charges
  • 0.90% Yield

Prices as at 05 December 2019

The fund targets capital growth by tracking the performance of those companies in the FTSE World Index which are engaged in Information Technology. To achieve accurate tracking, the portfolio will closely replicate the holdings in that Index. In common with the underlying index, the fund will have be invested mainly in larger companies and will have a strong bias to the US.

Fund summary

Sector Technology and Telecoms
Structure UNIT TRUST
Launched August, 2006
Size £429m
Yield 0.90%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.15%
Annual management charge 0.30%
Ongoing charges figure 0.32%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 -0.12%
  • 15/16 0.08%
  • 16/17 -0.14%
  • 17/18 0.00%
  • 18/19 -0.05%

Bestinvest MRI

  • 3 years -0.06%
  • 5 years -0.04%
  • Career -0.03%
  • 3 years 36.30%
  • 5 years 41.70%
  • Career 48.00%

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

Tom Hammond

Hammond joined Legal & General in February 2000 initially as an Investment Reporting analyst and then as a fund accountant for the Linked Life fund. He joined the Index Funds team in November 2005 as an Assistant Manager and was promoted to Fund Manager in September 2008. He manages funds in all regions of the world and currently assists with the management of UK, Global and Asia Pacific equity funds.

Track record

Tom Hammond has 9.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.03%. During the worst period of relative performance (from October 2011 - March 2018) there was a decline of 6% relative to the index. The worst absolute loss has been 16%.

Periods of worst performance

Absolute -16.00% (February 2011 - October 2012)
Relative -6.00% (October 2011 - March 2018)

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

14.3% Microsoft Corp
13.7% Apple Inc
10.2% Alphabet Inc
4.5% Facebook Inc
3.4% Cisco Systems Inc
3.2% Intel Corp
2.8% Taiwan Semiconductor Manufacturing
2.5% Samsung Electronics Co
2.1% Adobe Inc
1.9% International Bus Mach Corp
Source: Trustnet

Sector breakdown

Technology 99.00%
Cash & Cash Equivalents 1.00%

Key Investor Information

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