fund
Legal & General Pacific Index I
Tracker fund replicating the performance of the FTSE World Asia Pacific ex Japan Index.
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133.70p
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.
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222.50p
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?
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0.00%
Initial chargeSome 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!
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0.15%
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).
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0.21%
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.
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2.20%
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…
The Fund aims to provide capital growth by tracking the performance of the FTSE World Asia Pacific ex Japan Index. To achieve accurate tracking, the trust’s investments will closely replicate the holdings in that Index. The Fund allows to gain exposure to the stock markets in the Pacific region, but without all the risk attached to individual stock selection.
Fund summary
| Sector | Asia Pacific Excluding Japan |
| Structure | UNIT TRUST |
| Launched | September, 2005 |
| Size | £1,055m |
| Yield | 2.20% |
| Charging basis | |
| Dividends paid | 25 May, 25 Nov |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.15% |
| Ongoing charges figure | 0.21% |
Allocation
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Investment process
From 30th August 2005 the fund fully replicates the index.
Manager research
Average monthly relative returns
- 16/17 0.04%
- 17/18 -0.12%
- 18/19 -0.02%
- 19/20 0.00%
- 20/21 -0.04%
Bestinvest MRI
- 3 years -0.02%
- 5 years -0.03%
- Career -0.03%
- 3 years 50.40%
- 5 years 47.20%
- Career 48.80%
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 10.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.03%. 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
| 7.7% | Taiwan Semiconductor Manufacturing |
| 6.2% | Samsung Electronics Co |
| 3.4% | Aia Group Ltd |
| 2.7% | Csl |
| 2.5% | Australia (Commonwealth Bank Of) |
| 2.2% | Bhp Group Ltd |
| 1.6% | Hong Kong Exchanges & Clearing |
| 1.3% | Westpac Banking Corp |
| 1.2% | National Australia Bank Ltd |
| 1.1% | Sk Hynix Inc |
| Source: Trustnet |
Sector breakdown
| Financials | 30.00% |
| Technology | 22.00% |
| Industrials | 11.00% |
| Basic Materials | 8.00% |
| Consumer Goods | 7.00% |
| Consumer Services | 7.00% |
| Health Care | 6.00% |
| Utilities | 3.00% |
| Oil & Gas | 3.00% |
| Telecommunications | 3.00% |