Legg Mason IF QS UK Equity A

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

  • 334.10p Price (Inc)
  • - Price (Acc)
  • 4.25% 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.94% Ongoing charges
  • 4.10% Yield

Prices as at 06 December 2019, 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 £30m
Yield 4.10%
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%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 1.09%
  • 15/16 -0.70%
  • 16/17 -0.49%
  • 17/18 -0.36%
  • 18/19 -0.38%

Bestinvest MRI

  • 3 years -0.41%
  • 5 years -0.17%
  • Career -0.12%
  • 3 years 5.00%
  • 5 years 38.20%
  • Career 52.00%

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 14.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.12%. 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.

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Top 10 holdings

Data accurate as at 31 July 2019

3.7217% Bp
3.6395% Glaxosmithkline
3.4984% Royal Dutch Shell
3.3224% Rio Tinto
3.2475% Tate & Lyle
3.2167% Diageo
3.1257% Imperial Brands Plc
3.0682% Hsbc Hldgs
3.0142% Direct Line Insurance Group Plc
2.9966% National Express Group
Source: Trustnet

Sector breakdown

Consumer Staples 16.00%
Financials 15.00%
Industrials 15.00%
Consumer Discretionary 11.00%
Energy 9.00%
Utilities 8.00%
Real Estate 8.00%
Materials 6.00%
Health Care 5.00%
Information Technology 3.00%

Portfolio

A diversified portfolio of some 100 stocks.

Key Investor Information

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