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Legal & General Real Income Builder Class I - Accumulation (GBP)

Sell:67.35p Buy:67.58p Change: 0.68p (1.00%)
Prices as at 26 February 2021
Change: 0.68p (1.00%)
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 26 February 2021
Change: 0.68p (1.00%)
Prices as at 26 February 2021
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.
Also available as income units Help

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): 0.55%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.55%
There are other unit types of this fund available:
Class I - Income (GBP) (Net ongoing charge 0.55%)

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
Nigel Masding
Fund launch date: 12 March 2015
Sector: Mixed Investment 40-85% Shares
Fund size: £79 million
Number of holdings: 66
Fund type: Unit Trust
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The Northern Trust Company
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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26/02/16 to 26/02/17 26/02/17 to 26/02/18 26/02/18 to 26/02/19 26/02/19 to 26/02/20 26/02/20 to 26/02/21
Annual return 11.56% 4.12% 1.98% 7.93% 3.54%

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

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 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.

Income Details

Historic yield : 2.40%
Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date: 30 June 2021 31 December 2021
Payment date: 31 August 20214 28 February 20224

This data is provided by Funds Library. 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 2018.

Security Weight
2¼% Treasury Gilt 2023 4.10%
NEXT 3.00%
DIAGEO 2.62%
Sector Weight
Bonds 29.21%
Industrial Support Services 8.35%
Beverages 6.05%
Technology Hardware & Equipment 5.32%
Non-Renewable Energy 4.97%
Investment Banking & Brokerage Services 4.88%
Banks 4.58%
Cash and Equiv. 3.42%
Retailers 3.00%
Medical Equipment & Services 2.78%
Country Weight
United Kingdom 40.24%
United States 28.13%
Ireland 5.63%
France 5.13%
Cash and Equiv. 3.42%
Netherlands 2.97%
Switzerland 2.74%
Norway 2.49%
Spain 2.41%
Denmark 2.28%

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 26 February 2021. Data provided by Funds Library, correct as at 31 January 2021.

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.