Legal & General European Absolute Return Class R Accumulation
Overview
| Fund manager's initial charge | 5.00% |
|---|---|
| HL initial saving | 5.00% |
| Net initial charge | 0.00% |
| Dealing charge | Free |
| Fund manager's annual charge | 1.50% |
| Performance charges | Yes View risks |
| Total Expense Ratio | 1.72% |
| HL annual saving | 0.00% 2 |
| Platform fee | Free |
| Launch date | 22-02-2010 |
| Launch price | £0.50 |
| Sector | Absolute Return |
| Fund size | £25.00 million |
| Number of holdings | 37 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above.
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Before you invest please read the key features and Simplified Prospectus/Key Investor Information Document for more details.
HL research - our view on this fund
About the Fund Manager
Gavin Launder
Located in: London
Gavin joined Legal & General Investment Management (LGIM) in 2007 and is a Senior Portfolio Manager within the European Equity Team. He previously managed equity funds at UBS O'Connor, Callidus Capital Partners and BlueBay Asset Management.
Income details
| Running yield | N/a |
|---|---|
| Income paid | Annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 30 January 2012 |
|---|---|
| Payment date 4 | 30 March 2012 |
Top 10 holdings
| Swatch Group AG | 4.18% |
|---|---|
| Volkswagen AG Pfd. | 4.09% |
| Orkla ASA | 4.06% |
| Valeo S.A. | 3.97% |
| Technip S.A. | 3.95% |
| Faurecia | 3.93% |
| Akzo Nobel N.V. | 3.90% |
| Kone Oyj B | 3.89% |
| Infineon Technologies AG | 3.86% |
| Sky Deutschland | 3.85% |
Top 10 sectors
| Cash and Equiv. | 91.42% |
|---|---|
| Non-Classified | 8.58% |
Top 10 countries
| Cash and Equiv. | 91.42% |
|---|---|
| Non-Classified | 8.58% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving is not available in the SIPP or Junior ISA.
4 If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
As well as investing in shares and other assets, absolute return funds can also use derivatives to take short positions in companies. Therefore the returns depend primarily on the manager's stock picking skills, not solely on the price of their holdings rising, and the standard analysis of the underlying investments is not applicable.
Prices as at 09-02-2012. Data as at 31/12/2011.
