Legal & General Worldwide E

Fund of internal (L&G) funds investing in equities globally.

  • 257.70p
    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.

  • 312.20p
    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?

  • 3.00% 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!

  • 1.52%
    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).

  • 1.71%
    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.

  • 1.10%
    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 11 December 2019

Fund summary

Sector Flexible Investment
Structure UNIT TRUST
Launched October, 2000
Size £90m
Yield 1.10%
Charging basis
Dividends paid 5 Jan, 5 Jul

Charges

Standard initial charge 3.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.52%
Ongoing charges figure 1.71%

Allocation

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Investment process

The fund's aim is to provide the potential for growth by investing in other funds, normally from Legal & General, which may represent all economic sectors on a worldwide basis.

Manager research

Average monthly relative returns

  • 14/15 0.06%
  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career -0.32%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 24.50%

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

Kevin Chessum

Chessum obtained a degree in Mathematics and Statistics from Warwick University befire joining L&G in 1980. Over the past 16 years he has analysed most sectors in the UK market, including a three year period in smaller cos. He currently manages UK equity portfolios and is specifically responsible for the telecommunications, food producers, property and miscellaneous financial sectors.

Track record

Kevin Chessum has 2.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.32%. During the worst period of relative performance (from December 2000 - February 2003) there was a decline of 14% relative to the index. The worst absolute loss has been 47%.

Periods of worst performance

Absolute -47.00% (January 2001 - January 2003)
Relative -14.00% (December 2000 - February 2003)

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 31 July 2019

.9% Bp
.8% Microsoft Corp
.7% Apple Inc
.7% Hsbc Hldgs
.6% Amazon.com Inc
.6% Energean Oil & Gas Plc
.5% Royal Dutch Shell
.5% Royal Dutch Shell
.5% Safestore Holdings Plc
.5% Sap Se
Source: Trustnet

Sector breakdown

Financials 16.00%
Industrials 14.00%
Consumer Goods 11.00%
Consumer Services 11.00%
Others 10.00%
Technology 9.00%
Government Bonds 9.00%
Health Care 8.00%
Oil & Gas 5.00%
Basic Materials 4.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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