Legal & General Multi Manager Growth I

Fund of funds aiming for long term capital growth from equities.

  • 91.80p
    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.

  • 103.00p
    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!

  • 0.75%
    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).

  • 1.72%
    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.

  • 1.20%
    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 17 September 2021

Fund summary

Sector Flexible Investment
Structure UNIT TRUST
Launched August, 2012
Size £192m
Yield 1.20%
Charging basis Income
Dividends paid 15 Mar, 15 Sep

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 1.72%

Allocation

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Investment process

The fund aims to achieve long-term capital growth. The trust aims to invest in a wide range of collective investment schemes and will pursue an active asset allocation policy across all countries, currencies and sector representations.

Manager research

Average monthly relative returns

  • 16/17 -0.18%
  • 17/18 -0.08%
  • 18/19 -0.27%
  • 19/20 0.27%
  • 20/21 -0.28%

Bestinvest MRI

  • 3 years -0.09%
  • 5 years -0.11%
  • Career -0.16%
  • 3 years 58.30%
  • 5 years 57.90%
  • Career 44.00%

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

Legal And General Multi-Asset Team

Track record

Legal And General Multi-Asset Team has 7.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.16%. During the worst period of relative performance (from July 2014 - August 2019) there was a decline of 15% relative to the index. The worst absolute loss has been 19%.

Periods of worst performance

Absolute -19.00% (December 2019 - March 2020)
Relative -15.00% (July 2014 - August 2019)

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 2020

14.3% L&G Us Index Unit Trust
8.5% L&G Global Emerging Markets Index Fund
4.8% Man Glg Continental European Growth
4.8% Blackrock European Dynamic A Acc
4.5% Metropole Euro Sri
4.5% Schroder Recovery
4% Man Glg High Yield Opportunities
4% Ishares Edge Msci World Minimum Volatility
4% Topix Index Futures
3% Artemis Income I Acc
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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