LF Canlife Balanced C

  • 207.10p
    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?

  • 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!

  • 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).

  • 1.04%
    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.

  • 1.70%
    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 26 January 2021

Fund summary

Sector Mixed Investment 40-85% Shares
Structure OEIC
Launched July, 2014
Size £189m
Yield 1.70%
Charging basis
Dividends paid Acc units only

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 1.04%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.65%
  • 17/18 0.08%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.01%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 82.10%

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

David Marchant

In April 2003, following the acquisition of Rothschild Asset Management (RAM) and the subsequent reorganisation of the investment Management team, Marchant was appointed Head of International Equities. His remit also extends to investment trusts and the Insight range of ethical funds. He joined Insight in 2001 with the acquisition of the operating assets of the Equitable Life Assurance Society (ELAS). He was initially Head of Global Portfolios responsible for the Global Funds team, investment trusts and the Passive, Quant and Derivatives unit. He had worked at ELAS since 1985 in a number of roles including managing fixed interest and equity assets across a variety of unitised and with profit portfolios. In 1999 he was appointed Assistant General Manager for the Investment Department with responsibility for unit-linked funds. Marchant has a first class degree in Economics and Econometrics from Nottingham University and an MBA from City University. He is also an Associate of the Society of Investment Professionals (ASIP).

Track record

David Marchant has 7.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.01%. During the worst period of relative performance (from February 2008 - February 2010) there was a decline of 10% relative to the index. The worst absolute loss has been 38%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 82%.

Periods of worst performance

Absolute -38.00% (October 2007 - February 2009)
Relative -10.00% (February 2008 - February 2010)

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 2020

16.4% Lf Canlife North American Fund
13.8% Lf Canlife Uk Equity Income Fund
12.6% Lf Canlife Uk Equity Fund
10.9% Lf Canlife Corporate Bond Fund
10.9% Ishares Continental Euro Equity Index Fund
10.1% Lf Canlife Global Macro Bond Fund
8.1% Lf Canlife Short Duration Corporate Bond Fund
5.5% Lf Canlife Asia Pacific Fund
2.9% Ishares Japan Equity Index Fund
2% Lf Canlife Global Income Fund
Source: Trustnet

Key Investor Information

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