Legal & General Tracker Trust A

  • 203.90p
    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).

  • 1.15%
    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.

  • 2.40%
    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

Fund summary

Sector UK All Companies
Structure UNIT TRUST
Launched October, 1999
Size £1,514m
Yield 2.40%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.15%

Allocation

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Investment process

This tracker fund is expensive relative to similar products and there are a number of cheaper options available. One of the most cost efficient options is Fidelity Moneybuilder UK Index, which has a total expense ratio of just 0.3%.

Manager research

Average monthly relative returns

  • 15/16 -0.03%
  • 16/17 -0.04%
  • 17/18 -0.03%
  • 18/19 -0.01%
  • 19/20 0.15%

Bestinvest MRI

  • 3 years 0.04%
  • 5 years 0.01%
  • Career -0.08%
  • 3 years 72.20%
  • 5 years 66.70%
  • Career 28.40%

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

State Street Global Advisors

State Street Global Advisors (SSgA) is the asset management business of State Street Corporation, a provider of financial services to institutional investors with a history dating back over two centuries. SSgA has more than 400 investment professionals and over 2400 employees in total based around the world.

Track record

State Street Global Advisors has 22.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.08%. During the worst period of relative performance (from March 1998 - March 2019) there was a decline of 21% relative to the index. The worst absolute loss has been 44%.

Periods of worst performance

Absolute -44.00% (December 1999 - January 2003)
Relative -21.00% (March 1998 - March 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.

Allocation

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Top 10 holdings

Data accurate as at 30 June 2020

5.7% Astrazeneca Plc
5.1% Royal Dutch Shell Plc
4.2% Glaxosmithkline
3.9% Hsbc Hldgs
3.7% British American Tobacco
3.2% Diageo
3.2% Bp
2.5% Rio Tinto
2.5% Unilever
2.4% Reckitt Benckiser Group Plc
Source: Trustnet

Sector breakdown

Financials 25.00%
Consumer Goods 16.00%
Industrials 12.00%
Consumer Services 12.00%
Health Care 11.00%
Oil & Gas 8.00%
Basic Materials 8.00%
Utilities 4.00%
Telecommunications 2.00%
Technology 1.00%

Portfolio

Key Investor Information

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