LF Canlife Global Equity Income C

  • 166.22p
    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.

  • 223.21p
    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?

  • 4.75% 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).

  • 0.97%
    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.

  • 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…

Prices as at 15 January 2021

The fund aims to provide income with the potential for some long-term capital growth principally through investment in global shares.

Fund summary

Sector Global Equity Income
Structure OEIC
Launched May, 2012
Size £29m
Yield 3.40%
Charging basis
Dividends paid 15 Apr, 15 Oct

Charges

Standard initial charge 4.75%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.97%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.07%
  • 17/18 -0.27%
  • 18/19 0.01%
  • 19/20 -0.44%
  • 20/21 -0.97%

Bestinvest MRI

  • 3 years -0.47%
  • 5 years -0.35%
  • Career -0.35%
  • 3 years 7.20%
  • 5 years 7.80%
  • Career 4.30%

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

Setanta Asset Management

Track record

Setanta Asset Management has 7.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.35%. During the worst period of relative performance (from April 2014 - October 2020) there was a decline of 28% relative to the index. The worst absolute loss has been 17%.

Periods of worst performance

Absolute -17.00% (December 2019 - March 2020)
Relative -28.00% (April 2014 - October 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

4% Cisco Systems Inc
3.8% Smiths Group
3.7% Taiwan Semiconductor Co
3.6% Sampo Oyj
3.6% Lancashire Holdings
3.6% Glaxosmithkline
3.4% Procter & Gamble Co
3% Viscofan Envolturas Celulosicas Sa
3% Sanofi
2.9% Novartis Ag
Source: Trustnet

Sector breakdown

Financials 22.00%
Health Care 15.00%
Energy 13.00%
Information Technology 12.00%
Infrastructure 12.00%
Industrials 12.00%
Consumer Staples 10.00%
Consumer Discretionary 4.00%
Money Market 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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