Legg Mason IF QS UK Equity A

Managed by Batterymarch since April 2005, they are a quantitative team, based in London and Boston.

  • 300.90p
    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?

  • 4.25% 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!

  • 1.50%
    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).

  • 1.94%
    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.

  • 4.80%
    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 03 July 2020, fund data last updated 01 February 2002

The objective of this Fund is to achieve capital growth by investing in UK listed equities. Typically the fund has had a bias to large and medium sized companies, with stocks being selected by Batterymarch (a subsidiary fund manager owned by Legg Mason) that utilises a quantitative investment process that targets companies with good fundamental growth characteristics.

Fund summary

Sector UK All Companies
Structure OEIC
Launched October, 1995
Size £27m
Yield 4.80%
Charging basis
Dividends paid Acc units only

Charges

Standard initial charge 4.25%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.94%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.27%
  • 16/17 -0.50%
  • 17/18 -0.24%
  • 18/19 -0.58%
  • 19/20 0.59%

Bestinvest MRI

  • 3 years -0.08%
  • 5 years -0.20%
  • Career -0.09%
  • 3 years 54.40%
  • 5 years 32.60%
  • Career 66.30%

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

Batterymarch

Batterymarch is a well established firm and their quantitative investment process has been employed for over 25 years in UK and European markets. The firm, which is a wholly owned subsidiary of Legg Mason, has two offices, one in Boston and the other in London.

Track record

Batterymarch has 15.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.09%. During the worst period of relative performance (from February 2006 - June 2019) there was a decline of 26% relative to the index. The worst absolute loss has been 40%.

Periods of worst performance

Absolute -40.00% (May 2007 - February 2009)
Relative -26.00% (February 2006 - June 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 31 January 2020

3.781% Glaxosmithkline
3.342% Imperial Brands Plc
3.326% Highland Gold Mining
3.2415% Civitas Social Housing Plc
3.176% Tate & Lyle
3.1601% Direct Line Insurance Group Plc
3.0991% Smith & Nephew
3.0702% Bp
3.0328% Empiric Student Property Plc
3.0183% Plus500 Ltd
Source: Trustnet

Sector breakdown

Financials 17.00%
Industrials 14.00%
Consumer Staples 14.00%
Health Care 12.00%
Real Estate 11.00%
Materials 10.00%
Energy 9.00%
Consumer Discretionary 6.00%
Information Technology 4.00%
Communications 2.00%

Portfolio

A diversified portfolio of some 100 stocks.

Key Investor Information

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