L&G Multi-Index Income 4 J Inc

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Quick Stats

Bid Price GBX 55.53 Offer Price GBX 55.83
Mid Price - Day Change GBX +0.09 (0.16%)
Price Date 11 Dec 2019 Crown Rating 5
Shares Class Inc. Yield 3.20 %
Total Expense Ratio 0.00 Fund Size 72,682,309.82
Launch Date 09/10/2015 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 100,000,000.00 Total Expense Ratio (%) 0.00
ISIN GB00BJLT5R09 Min TopUp (£) 0.00
Ongoing Charge (%) 0.2900 Ongoing Charge Date 15/08/2019

Fund Objective

The objective of this fund is to provide a combination of income and capital growth and to keep the fund within a pre-determined risk profile. While this will be the Fund’s focus, it will have a bias towards investments that pay a higher income. The fund’s potential gains and losses are likely to be limited by the objective to stay within its particular risk profile.The target risk profile for the fund is set by an external agency, Distribution Technology, and is based on the historic return and volatility of different asset types. We use our experience and research, together with research and asset allocation guidelines from Distribution Technology, to restrict the types of assets held and the allocation of each asset type to keep the fund within the target risk profile. At least 75% of the fund will be invested in other authorised investment funds. Between 50% and 100% of the funds invested in will be index-tracking and operated by Legal & General.The fund will have exposure to company and government bonds (a type of loan that pays interest), cash, company shares and property. The fund will have a bias towards bonds. The bonds that these funds invest in may be investment grade (rated as lower risk) or sub-investment grade (rated as higher risk). Investment and sub-investment grade bonds are bonds that have been given a credit rating by a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time.The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes: • To help with efficient day to day management.• To reduce some of the risks of the market.The fund may also have indirect exposure to money market instruments (a form of loan that pays interest and is designed to have a stable value), bank deposits and alternative asset classes such as commodities. Distribution Technology has set risk profiles from 1 to 10, with 10 being the highest risk. This fund aims to stay within risk profile 4.

Fund Managers

Justin Onuekwusi

Justin is a senior multi-asset fund manager and Head of Retail Multi-Asset Funds at Legal & General Investment Management (LGIM), sitting within a team that is responsible for managing over £50bn. Justin first began my career in 2003 as a senior investment analyst at AON Hewitt, before moving across to Bank of America in 2007 where Justin worked as a manager and research analyst. Justin also worked with Aviva Investors as a multi asset fund manager before joining LGIM in 2013. Justin co-chair the Legal & General Inclusion Team (LEGIT). LEGIT aims to create a culture that supports all of Legal & General Investment Management (LGIM) through networks and events across five key areas: leadership engagement, talent attraction and development, leadership development, marketing and communications and community engagement. In addition to these company-wide initiatives, Justin also chair the Investment Diversity Working Group, which focuses on driving inclusivity across the investment floor. Finally, Justin is on the diversity and inclusion team for our parent company, Legal & General (L&G). Over the course of his career in the City, Justin have seen the workplaces that function best and are most productive when employees bring different backgrounds, experiences, opinions and ways of thinking to the table. However, Justin also regularly noticed that there was still a huge lack of diversity across many firms and wanted to do whatever Justin could to highlight and address this. Workplaces should be aware of the positive impact of diversity, and push hard to foster positive, inclusive environments where everyone feels welcome and be themselves. Inclusion should be exactly what it says on the tin, and that EVERYBODY deserves a seat at the table based on their competence rather than a label that highlights just one aspect of who they are. When this doesn’t happen, employees instead spend their time and energy trying to hide who they really are in order to feel more accepted and progress at work, impacting their relationships with colleagues, productivity and essentially their happiness and wellbeing. Nobody should have to experience this.

Andrzej Pioch

Andrzej is a Fund Manager in the Multi-Asset Funds team with responsibilities covering the portfolio management and ongoing development of both institutional and retail multi-asset funds. Prior to joining LGIM in July 2014, he was a Fund Manager at Aviva Investors.

Francis Chua

Francis is a fund manager in the Multi-Asset Funds team and assists in the management of the multi-index funds. Francis joined LGIM in October 2016 from Aviva where he was a senior investment analyst.

Fund Performance

Cumulative Performance

Discrete Performance

No data available

Top 10 Holdings

Name Weight
L&G EMERGING MARKETS GOVERNMEN 7.70%
L&G MANAGED MONTHLY INCOME TRU 6.90%
L&G STERLING CORPORATE BOND IN 6.60%
L&G HIGH INCOME TRUST 6.40%
LGIM GLOBAL CORPORATE BOND FUN 6.40%
L&G SHORT DATED STERLING CORPO 4.80%
ISHARES PLC ISHARES UK DIVIDEN 4.50%
L&G UK INDEX TRUST 4.20%
L&G EUROPEAN INDEX TRUST 3.50%

Asset Breakdown

Name Weight
Asia Pacific ex Japan Equities 3.60%
Europe ex UK Equities 7.70%
Global Corporate Fixed Interes 6.40%
Global Developed Markets Gover 8.90%
Global Emerging Market Equitie 2.80%
Global Emerging Market Fixed I 7.10%
Global High Yield Fixed Intere 6.40%
Global Index Linked 2.60%
Global Small Cap Equities 0.40%
Japanese Equities 1.30%
Money Market 2.60%
North American Equities 3.00%
Others 2.60%
Property Shares 1.60%
UK Corporate Fixed Interest 4.80%
UK Equities 10.80%
UK Gilts 3.00%
UK Property 3.00%

Region Breakdown

Name Weight
Asia Pacific ex Japan 3.60%
Europe ex UK 7.70%
Global Emerging Markets 17.60%
International 24.30%
Japan 1.30%
Money Market 2.60%
North America 3.00%
Not Specified 4.60%
UK 35.30%

Sector Breakdown

No data available

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