Collectives

Unit Trust (UK UCITS compliant)

Legal & General Multi-Asset Target Return Fund

I-Class GBP Accumulation

ISINGB00BD97XY71

Price

Stay nimble and roll with the punches

The L&G Multi-Asset Target Return Fund is designed for investors seeking a fund with a nimble investment approach and reduced reliance on market direction. This is a fund that can roll with the market punches and adapt to reduce their impact. The fund accesses uncorrelated sources of returns, from alternative strategies to tactical opportunities, in order to hit four risk and return targets.

Awards and ratings

Reasons to invest

  • Enhanced risk-managed returns over traditional equity investments
  • Low correlation to core asset classes
  • Nimble risk management approach, particularly in relation to equity drawdowns

MATR and why it matters

Chris Teschmacher, MATR Lead Fund Manager
Willem Klijnstra, MATR Lead Fund Manager

Performance snapshot (%)

1 year3 years5 years
Return3.983.7413.31

Key Risk Warning

The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.

Fund aim

The objective of the Fund is to provide a combination of income and growth.The Fund aims to achieve a total return of both income and capital of the Bank of England base rate +5% per annum, (the “Benchmark”). This objective is before the deduction of any charges and measured over rolling three year periods. There is no guarantee that the manager will achieve the above objective in any period and capital invested in the Fund is at risk.

Fund snapshot

  • What does it invest in? Invests in a wide range of different types of investment, including funds, company shares, bonds, currencies and derivatives. May invest anywhere in the world, including in developing countries.
  • How does it invest? Actively managed, and seeks to achieve its return objective while managing overall volatility of the fund, reducing average sensitivity to global share prices and limiting losses in the event of a large fall in global shares.

Fund facts

Fund size£431.9m
Base currencyGBP
Fund launch date20 Mar 2015
DomicileUK
Share class launch19 Feb 2016
As at 31 Jan 2024

Benchmark

Bank of England Base Rate

Costs

Initial charge0.00%
Ongoing charges figure0.65%
Dilution adjustment0.37% - round trip

Fund ratings

Performance

Performance for the I Acc unit class in GBP, launched on 19 February 2016. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
Share class launch date:19 Feb 2016
Benchmark:Bank of England Base Rate
Share class launch date:19 Feb 2016
Benchmark:Bank of England Base Rate
    Share class launch date:19 Feb 2016
    Benchmark:Bank of England Base Rate

    Fund managers

    Emiel van den Heiligenberg headshot

    Emiel van den Heiligenberg

    Emiel joined LGIM in August 2013 as Head of Asset Allocation with responsibility for asset allocation strategy and macro research. Prior to joining LGIM, Emiel was CIO of the Multi-Asset Solutions Group at BNP Paribas Investment Partners, and responsible for managing a range of multi-asset strategies including absolute return, diversified growth funds, LDI and fiduciary, balanced mandates and multi-manager mandates.

    Willem Klijnstra headshot

    Willem Klijnstra

    Willem is responsible for LGIM's tactical asset allocation strategies. Willem joined LGIM in 2014 from BNP Paribas Investment Partners where he held the title of Head of TAA Research and Strategies. In this role he took responsibility for the multi-asset investment process and active management of global multi-asset portfolios, leading a team of economists, strategists and analysts. Willem graduated from the University of Groningen and University of Amsterdam, and holds a master's degree in econometrics and actuarial sciences. Willem is also a CFA charterholder.

    John Roe headshot

    John Roe

    John has been leading LGIM's multi-asset fund management team since 2013. Within Asset Allocation, the team manage both a range of award winning macro strategies and factor based investment strategies, working closely with the rest of Asset Allocation. After joining LGIM in multi-asset solutions in 2008, he developed LGIM's diversified growth fund range, which he continues to co-manage.

    Christopher Teschmacher headshot

    Christopher Teschmacher

    Christopher is a fund manager in Multi-Asset Funds team with responsibilities in portfolio management and on-going development across the multi-asset product range. Christopher joined LGIM in 2015 from HSBC Global Asset Management.

    Literature

    Prices

    Pricing information

    Price basisSingle swing
    Price time15:00 UK time
    CurrencyGBP
    Monthly price history

    Codes and dealing

    Codes

    ISINGB00BD97XY71
    SEDOLBD97XY7
    BloombergLGMATRI LN
    MEXLPOONN

    Dealing information

    Valuation frequencyDaily, 3pm (UK time)
    Dealing frequencyDaily
    Settlement periodT+4

    Country registration

    This share class is registered for sale in the following countries:

    United Kingdom