Legal & General Multi-Index 6 I

  • 77.56p
    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.

  • 90.10p
    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!

  • 0.25%
    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).

  • 0.31%
    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.

  • 1.90%
    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 20 January 2021

The aim of the Fund is to generate capital growth and income, and to keep the Fund within a predetermined risk profile. The Fund’s potential gains and losses are likely to be constrained by the aim to stay within the risk profile.

Fund summary

Sector Volatility Managed
Structure UNIT TRUST
Launched August, 2013
Size £762m
Yield 1.90%
Charging basis
Dividends paid

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.25%
Ongoing charges figure 0.31%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.15%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 83.70%

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

Justin Onuekwusi / Bruce White / Martin Dietz

Track record

Justin Onuekwusi / Bruce White / Martin Dietz has 2.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.15%. During the worst period of relative performance (from June 2015 - June 2016) there was a decline of 3% relative to the index. The worst absolute loss has been 9%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 84%.

Periods of worst performance

Absolute -9.00% (May 2015 - September 2015)
Relative -3.00% (June 2015 - June 2016)

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

15.6% L&G Us Index
10.1% L&G Uk Index Trust
8.8% L&G Global Emerging Markets Index Fund
8.5% L&G European Index Trust
7.9% Lgim Gbp Liquidity Fund Plus
6.6% L&G Cash Trust
6.6% L&G Japan Index Trust
5% L&G Pacific Index Trust
3.6% L&G Emerging Markets Government Bond (Us$) Index Fund
3.4% L&G High Income Trust
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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