Legal & General Global Technology Index R

A tracker fund investing in IT companies worldwide.

  • 76.61p
    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.

  • -
    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!

  • 1.00%
    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).

  • 1.16%
    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.

  • 0.20%
    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 23 November 2020

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 November, 2000
Size £967m
Yield 0.20%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.13%
Annual management charge 1.00%
Ongoing charges figure 1.16%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.05%
  • 16/17 -0.09%
  • 17/18 -0.06%
  • 18/19 -0.06%
  • 19/20 -0.05%

Bestinvest MRI

  • 3 years -0.06%
  • 5 years -0.06%
  • Career -0.04%
  • 3 years 39.70%
  • 5 years 35.90%
  • Career 45.60%

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 10.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.04%. During the worst period of relative performance (from October 2011 - February 2020) there was a decline of 8% relative to the index. The worst absolute loss has been 16%.

Periods of worst performance

Absolute -16.00% (February 2011 - October 2012)
Relative -8.00% (October 2011 - February 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.

Allocation

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Top 10 holdings

Data accurate as at 30 June 2020

15.5% Apple Inc
15.5% Microsoft Corp
4.6% Alphabet Inc
4.4% Alphabet Inc
4.4% Facebook Inc
2.7% Intel Corp
2.7% Taiwan Semiconductor Manufacturing
2.4% Nvidia Corp
2.2% Samsung Electronics Co
2.2% Adobe Inc
Source: Trustnet

Sector breakdown

Technology 100.00%

Key Investor Information

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