Unit Trust (UCITS compliant)

Legal & General Multi-Asset Target Return Fund

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.

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
Return3.177.62-

Source: Lipper. Net of fees and tax C Acc unit class, data as at 30 Sep 2020. Past performance is no guide to future performance.

Source: Lipper. Net of fees and tax C Inc unit class, data as at 30 Sep 2020. Past performance is no guide to future performance.

Source: Lipper. Net of fees and tax I Acc unit class, data as at 30 Sep 2020. Past performance is no guide to future performance.

Source: Lipper. Net of fees and tax I Inc unit class, data as at 30 Sep 2020. Past performance is no guide to future performance.

Source: Lipper. Net of fees and tax L Acc unit class, data as at 30 Sep 2020. Past performance is no guide to future performance.

Source: Lipper. Net of fees and tax R Acc unit class, data as at 30 Sep 2020. Past performance is no guide to future performance.

Fund facts

Fund size
£612.8m
Base currency
GBP
Launch date
20 Mar 2015
Domicile
UK
Share class launch

Statistics

As at 30 Sep 2020

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.

Benchmark

Bank of England Base Rate

Sector

IA Targeted Absolute Return

  • 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.

Further details

Costs

Price basis
Dual
Initial charge
0.00%
Ongoing charges figure
0.65%
Bid / Offer spread
0.39%

Codes

ISIN
GB00BD97XY71
SEDOL
BD97XY7
Bloomberg
LGMATRI
MEX
LPOONN

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:

Fund updates

Performance

Source: Lipper

LIBOR is changing: read more on how future reforms of interbank offered rates may affect your investments with us.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Sep 2020

    CumulativeFundBenchmark
    1 month0.870.01
    6 months11.910.05
    Year to date-0.390.20
    3 years7.621.63
    5 years--
    Since launch22.902.18
    AnnualisedFundBenchmark
    1 year3.160.39
    3 years2.480.54
    5 years--
    Since launch4.570.47

    As at 30 Sep 2020

    CumulativeFundBenchmark
    Quarterly4.130.03
    Year to date-0.390.20
    3 years7.621.63
    5 years--
    Since launch22.902.18
    AnnualisedFundBenchmark
    1 year3.160.39
    3 years2.480.54
    5 years--
    Since launch4.570.47
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    12 months to 30 September 2016 2017 2018 2019 2020
    Fund-9.813.890.403.17
    Benchmark-0.250.480.750.39

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund--5.87-0.497.47
    Benchmark--0.270.590.75

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund3.162.48-4.57
    Benchmark0.390.54-0.47

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund3.162.48-4.57
    Benchmark0.390.54-0.47

    Performance for the C Acc unit class in GBP, launched on 12 March 2019. 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 guide to the future.

    Performance for the C Inc unit class in GBP, launched on 12 March 2019. 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 guide to the future.

    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 guide to the future.

    Performance for the I Inc unit class in GBP, launched on 15 April 2019. 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 guide to the future.

    Performance for the L Acc unit class in GBP, launched on 20 March 2015. 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 guide to the future.

    Performance for the R Acc unit class in GBP, launched on 12 June 2018. 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 guide to the future.

    Fund Managers

    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 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 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.

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

    Emielvan den Heiligenberg

    WillemKlijnstra

    JohnRoe

    ChristopherTeschmacher

    Literature

    Marketing documents

    Prices

    Name
    I GBP Acc
    Bid price
    63.18p
    Offer price
    63.36p
    Absolute change
    -0.0004
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    I GBP Inc
    Bid price
    48.96p
    Offer price
    49.10p
    Absolute change
    -0.0003
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    R GBP Acc
    Bid price
    53.67p
    Offer price
    53.82p
    Absolute change
    -0.0003
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Acc
    Bid price
    51.89p
    Offer price
    52.03p
    Absolute change
    -0.0003
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Inc
    Bid price
    49.61p
    Offer price
    49.75p
    Absolute change
    -0.0003
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    L GBP Acc
    Bid price
    61.95p
    Offer price
    62.13p
    Absolute change
    -0.0003
    Currency
    GBP
    Price time
    15:00 UK time

    For valuations and account queries contact:

    Legal & General (Unit Trust Managers) Limited
    PO Box 6080
    Wolverhampton
    WV1 9RB
    Tel : 0370 050 0955
    Email: [email protected]

    Legal & General ICAV
    LGIM Liquidity Funds Plc

    Northern Trust International Fund Administration Services (Ireland) Limited
    City East Plaza - Block A
    Towlerton
    Ballysimon Road
    Limerick
    Ireland
    V94 X2N9
    Fax: +353 1 434 5293
    Telephone: +353 1 434 5080
    Email: [email protected]

    Legal & General SICAV
    Northern Trust Global Services SE
    6 rue Lou Hemmer
    L-1748 Senningerberg
    Grand-Duché de Luxembourg
    Facsimile: +352 276 222 150
    Telephone: +352 276 222 514
    Email: [email protected].com

    Key risks

    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.

    Past performance is no guarantee of future results.

    The fund is a Target Return Fund. This type of fund tries to increase the value of your investment over a period of time, in both rising and falling markets. However, there is no guarantee of returns. You may not get back the money you invest. Target Return Funds use a range of different types of investment strategies and may use derivatives. It is possible that the value of these funds could go down when the market is rising, or may not rise as quickly.

    This fund holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell bonds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.

    The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.

    The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.

    Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains. The impact to the fund can be greater where derivatives are used in an extensive or complex way.

    The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.

    Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.

    Important information

    This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.

    No investment decisions should be made without first reviewing the key investor information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.

    Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.

    This information is only directed at investors resident in jurisdictions where each fund is registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.

    All information detailed on this website is current at the time of publication and may be changed in the future.

    Source and third party data

    Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.

    Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data

    Issuer

    Issued by Legal & General Investment Management Limited as promoter and distributor for this fund in the UK.

    Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.