Unit Trust (NURS non-complex)

Legal & General Multi Manager Income Trust

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Fund facts

Fund size
£120.4m
Base currency
GBP
Launch date
25 Apr 2008
Domicile
UK
Share class launch

Statistics

Historical yield
2.4%

As at 31 Jul 2020

Fund aim

The objective of the Fund is to provide income by investing in a broad range of asset classes through collective investment schemes.

Benchmark

  • What does it invest in? Invests in both actively managed funds and funds that track an index, across all countries, currencies and sectors. Aims to have between 20% and 60% invested in company shares, and at least 30% in bonds.
  • How does it invest? Invests mainly in funds from external providers, as well as some in-house funds. Typically has higher exposure to investments the Manager believes will generate income than to assets that will grow in value, relative to other funds in the Legal & General Multi-Manager Trust range.

Further details

Costs

Price basis
Dual
Initial charge
0.00%
Ongoing charges figure
1.64%
Bid / Offer spread
0.32%

Codes

ISIN
GB00B2Q4RV96
SEDOL
B2Q4RV9
Bloomberg
LGMMINA
MEX
LGMILA

Dealing information

Valuation frequencyDaily, 12pm (UK time)
Dealing frequencyDaily
Settlement periodT+4

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Jul 2020

    CumulativeFundIA Sector
    1 month0.190.49
    6 months-6.71-3.99
    Year to date-6.71-3.99
    3 years1.054.57
    5 years15.1419.69
    Since launch65.90-
    AnnualisedFundIA Sector
    1 year-5.80-2.51
    3 years0.351.50
    5 years2.863.66
    Since launch4.21-

    As at 30 Jun 2020

    CumulativeFundIA Sector
    Quarterly11.3110.27
    Year to date-6.89-4.45
    3 years1.374.63
    5 years15.0819.68
    Since launch65.58-
    AnnualisedFundIA Sector
    1 year-3.72-0.94
    3 years0.451.52
    5 years2.853.65
    Since launch4.22-
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    12 months to 30 June 2016 2017 2018 2019 2020
    Fund1.2912.082.282.96-3.73
    IA Sector2.1112.022.543.01-0.95

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund0.929.228.38-7.5213.84
    IA Sector1.2710.637.19-5.1612.22

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-5.800.352.864.21
    IA Sector-2.511.503.66-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-3.720.452.854.22
    IA Sector-0.941.523.65-

    Performance for the F Acc unit class in GBP, launched on 20 December 2012. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the F Inc unit class in GBP, launched on 20 December 2012. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the I Acc unit class in GBP, launched on 17 August 2012. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the I Inc unit class in GBP, launched on 17 August 2012. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the R Acc unit class in GBP, launched on 25 April 2008. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the R Inc unit class in GBP, launched on 25 April 2008. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 29 April 2008. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 29 April 2008. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Portfolio

    As at 31 Jul 2020. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Asset allocation (%)

    Equities (%)

    Developed corporate bonds (%)

    Government bonds (%)

    Developed government bonds (%)

    Credit and emerging market debt (%)

    Alternatives (%)

    UK (%)

    Europe ex UK (%)

    North America (%)

    Japan (%)

    Asia Pacific ex Japan (%)

    Emerging markets (%)

    Top 10 holdings50.5
    Rest of portfolio49.5

    Top 10 holdings (%)

    L&G Emerging Government Bond USD Index6.5
    L&G US Index Unit Trust6.0
    L&G Global Infrastructure Index5.5
    Schroder Recovery5.0
    Nordea 1 Global High Yield Bond5.0
    Man GLG High Yield Opportunities5.0
    Neuberger Berman Global Bond Absolute Return5.0
    Legg Mason Western Asset Structured Opportunities5.0
    TwentyFour AM Dynamic Bond4.0
    Artemis Income3.5

    Energy (%)

    Grains (%)

    Industrial Metals (%)

    Precious Metals (%)

    Softs (%)

    Livestock (%)

    Management Team

    LGIM Asset Allocation Team

    Our Asset Allocation team designs and manages multi-asset funds to meet our clients’ varied needs. The team has a wealth of experience from different fields, including fund management, investment consulting and risk management. We have significant in-house macro investing capabilities driven by our team based approach which draws upon our economic, strategy and fund management expertise.

    Literature

    Income

    Latest dividends

    The latest dividends are shown below. The historic level of income generated by this fund may go down as well up and will vary over time.

    of

    Dividend history

    Total dividends paid in each financial year of the fund.

    Prices

    Name
    F GBP Acc
    Bid price
    85.78p
    Offer price
    86.05p
    Absolute change
    -0.0028
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Inc
    Bid price
    61.83p
    Offer price
    62.02p
    Absolute change
    -0.002
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Acc
    Bid price
    87.89p
    Offer price
    88.16p
    Absolute change
    -0.0028
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Bid price
    63.23p
    Offer price
    63.42p
    Absolute change
    -0.002
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Acc
    Bid price
    85.26p
    Offer price
    85.52p
    Absolute change
    -0.0028
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Inc
    Bid price
    61.61p
    Offer price
    61.80p
    Absolute change
    -0.002
    Currency
    GBP
    Price time
    12:00 UK time

    Key risks

    The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.

    Past performance is no guarantee of future results.

    The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.

    By investing in other funds this fund indirectly holds bonds and property that are traded through agents, brokers or investment banks or directly between buyers and sellers. This makes them less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell its holdings in other funds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.

    The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.

    Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains.

    The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.

    We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.

    Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.

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