Legg Mason IF Martin Currie European Unconstrained A

Continental European equity income fund with a large cap bias.

  • 404.40p Price (Inc)
  • 514.60p Price (Acc)
  • 5.00% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.92% Ongoing charges
  • 0.80% Yield

Prices as at 10 December 2019

The Fund’s objective is to provide an income in excess of the benchmark as well as the potential for capital appreciation.

Fund summary

Sector Europe Excluding UK
Structure OEIC
Launched June, 2015
Size £24m
Yield 0.80%
Charging basis Capital
Dividends paid 31 Jan, 30 Apr, 31 Jul, 31 Oct

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.92%

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Investment process

The fund's objective is to produce capital growth by investment in Europe, excluding the UK

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 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 -0.60%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

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

Zehrid Osmani / Amanda Whitecross

Track record

The track record of Zehrid Osmani / Amanda Whitecross in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance

Absolute -4.00% (August 2019 - October 2019)
Relative -3.00% (August 2019 - 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 August 2019

7.86% Ferrari Nv
7.42% Unilever Nv
6.79% Adidas Ag
6.17% Straumann Hldg
5.43% Kering Sa
5.13% Asml Holding Nv
4.83% Partners Group Holding
4.78% Atlas Copco Ab
4.76% L`Oreal
4.69% Moncler Spa
Source: Trustnet

Sector breakdown

Information Technology 25.00%
Consumer Discretionary 25.00%
Consumer Staples 16.00%
Health Care 14.00%
Industrials 9.00%
Cash & Cash Equivalents 5.00%
Financials 5.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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