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Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
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Our view on this fund
is the list of what we believe are the best funds in each sector. If a fund is not
within our Wealth 150 this is not necessarily a recommendation to sell.
However, if you are thinking of adding to your investments we believe
Wealth 150 funds are superior alternatives.
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The primary objective of this fund is to generate income that grows by 4% more than the rate of UK inflation, where income is measured on a per unit basis over three year rolling time periods. The manager will measure inflation against the UK Consumer Prices Index (CPI). The fund has a secondary objective to grow capital at a similar rate to income, but this applies over periods longer than 5 years. The above objectives are before the deduction of any charges and assume income is reinvested. There is no guarantee that any of the objectives will be met over any time period. Both capital and reinvested income are at risk. The fund will achieve its objectives by permanently investing not less than 85% of its assets in the L&G Real Income Builder Fund (the 'Master Fund'). While it is envisaged that the fund will normally be fully invested in the Master Fund, it may also hold up to 15% of its assets in cash or cash-like investments. The fund will only use derivatives to reduce some of the risks of the market. The Master Fund will predominantly invest in the following types of assets which may be denominated in any currency-company shares, depositary receipts, bonds and any other fixed income securities. It is expected that the Master Fund will invest between 40% and 80% in company shares and depositary receipts. The company shares and depositary receipts the Master Fund invests in may be listed on the stock markets of developed and/or emerging market countries. The bonds the Master Fund may invest in may have a fixed or variable rate of income. The bonds that the Master Fund invests in may be investment grade (rated as lower risk) or sub-investment grade (rated as higher risk). The bonds the Master Fund holds may be issued by companies or governments and may be issued in the UK or overseas. The Master Fund may use derivatives to reduce risk or cost, or to generate additional capital or income with no, or an acceptably low, level of risk. The Master Fund may also invest in other transferable securities such as deposits, money market instruments cash or cash-like investments and other funds.