fund
Legg Mason IF Martin Currie Global Equity Income X
Worldwide equity fund targeting a yield above that of the MSCI World
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159.90p
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.
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241.70p
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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0.75%
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).
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1.03%
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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3.40%
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…
Fund summary
Sector | Global |
Structure | OEIC |
Launched | June, 2015 |
Size | £67m |
Yield | 3.40% |
Charging basis | |
Dividends paid | 30 Apr, 30 Oct |
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 | 1.03% |
Allocation
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Investment process
The fund's objective is to provide an income in excess of the MSCI World index dividend yield as well as the potential for capital appreciation.
Manager research
Average monthly relative returns
- 16/17 -0.21%
- 17/18 -0.18%
- 18/19 -0.43%
- 19/20 0.13%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career -0.28%
- 3 years 0.00%
- 5 years 0.00%
- Career 6.40%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Alan Porter
Porter joined Martin Currie in 2008 and is an investment manager in their global team. He previously worked as a research analyst at BlueSilver Alternative Ltd and, earlier, at Insight Investment, where he was responsible for analysing European equities. Having started his investment career as a trainee fund manager with Scottish Amicable Investment Managers, He went on to manage European funds for Hill Samuel Asset Management Ltd and Old Mutual Asset Managers Ltd. He has also worked in research marketing for Schroder Salomon Smith Barney.
Track record
Alan Porter has 10.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.28%. During the worst period of relative performance (from September 2011 - May 2020) there was a decline of 32% relative to the index. The worst absolute loss has been 17%.
Periods of worst performance
Absolute | -17.00% (December 2019 - March 2020) |
Relative | -32.00% (September 2011 - May 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 31 July 2020
5.8% | Microsoft Corp |
5.11% | Taiwan Semiconductor Manufacturing |
4.04% | Sanofi |
3.89% | Crown Castle International Corp |
3.82% | Samsung Electronics Co |
3.59% | Verizon Communications Inc |
3.57% | Sse Plc |
3.42% | Dsm Nv |
2.97% | Air Products & Chemicals Inc |
2.93% | Lockheed Martin Corp |
Source: Trustnet |
Sector breakdown
Information Technology | 21.00% |
Consumer Staples | 11.00% |
Industrials | 10.00% |
Financials | 10.00% |
Communications | 10.00% |
Materials | 9.00% |
Health Care | 9.00% |
Real Estate | 7.00% |
Consumer Discretionary | 4.00% |
Cash & Cash Equivalents | 4.00% |