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Legal & General Multi-Asset Target Return Class I - Accumulation (GBP)

Sell:66.43p Buy:66.43p Change: 0.24p (0.36%)
Prices as at 28 November 2023
Change: 0.24p (0.36%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 28 November 2023
Change: 0.24p (0.36%)
Prices as at 28 November 2023
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.65%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.65%

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.

Other Information

Unit type: Unbundled
Fund launch date: 20 March 2015
Sector: Targeted Absolute Return
Fund size: £424 million
Number of holdings: 700
Fund type: Unit Trust
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 15:00
Trustee: The Northern Trust Company
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: No
Minimum regular savings value: n/a

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28/11/18 to 28/11/19 28/11/19 to 28/11/20 28/11/20 to 28/11/21 28/11/21 to 28/11/22 28/11/22 to 28/11/23
Annual return 3.35% 3.96% 3.88% -6.75% 8.10%

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.

View fund chart

Our view on this fund

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The objective of this fund is to provide long-term growth to achieve a total return of both income and capital at 5% above the Bank of England base rate per annum over rolling three year periods. There is no guarantee that the manager will outperform the above objective in any period and capital invested in the fund is at risk. The fund will aim to achieve its objective as described above while reducing the overall volatility of the fund, limiting the comparative performance of the fund with that of global equities and limiting the potential losses of the fund due to large falls in security markets. The fund seeks to achieve its objective by using a range of investment strategies and techniques to gain exposure to a broad range of asset types. It may invest in any region of the world, including developing countries, and may use any currency. The fund may invest directly in company shares, bonds and money market or cash like instruments. The bonds the fund may invest in may have a fixed or variable rate of income. The bonds that the fund invests in may be investment grade (rated as lower risk) or sub-investment grade (rated as higher risk). The bonds held may be issued by companies or governments and may be issued in the UK or overseas. The fund may also invest indirectly in other asset types such as commodities, infrastructure and property through company shares and bonds, other funds, including funds from Legal & General, or using derivatives. At times the fund may be largely invested in derivatives and/or cash. The 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 fund may also use derivatives for investment purposes to enhance the performance of the fund. This may include using derivatives to create the effect of a short sale. The fund may also invest in other transferable securities, other funds and cash or cash like investments.

Income Details

Historic yield : 1.80%
Distribution yield : 5.20%
Underlying yield : 4.50%
Income paid: Annually
Type of payment: Interest
Ex-dividend date: 14 April 2024
Payment date: 14 June 20244

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 October 2023.

Security Weight
0 1/8% Treasury Gilt 2024 9.32%
0¼% Treasury Gilt 2025 8.92%
1% Treasury Gilt 2024 8.79%
3½% Treasury Gilt 2025 8.06%
2% Treasury Gilt 2025 7.87%
US. TSY. INFL. 1.125% IL 7.63%
0 5/8% Treasury Gilt 2025 6.64%
2¾% Treasury Gilt 2024 5.79%
UNITED STATES T 1.375% IL 2.40%
Sector Weight
Bonds 86.65%
Cash and Equiv. 5.15%
Managed Funds 2.69%
Electricity 1.72%
Non-Classified 0.85%
Gas, Water & Multi-utilities 0.45%
Renewable Energy 0.43%
Industrial Materials 0.43%
Electronic & Electrical Equipment 0.38%
Industrial Metals & Mining 0.26%
Country Weight
United Kingdom 59.00%
United States 17.67%
Cash and Equiv. 5.15%
Managed Funds 2.69%
Non-Classified 2.03%
Mexico 0.87%
Canada 0.74%
France 0.70%
South Korea 0.56%
Turkey 0.46%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 28 November 2023. Data provided by Broadridge, correct as at 31 October 2023.

You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & 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.