L&G Multi-Index 7 L Inc

Quick Stats

Bid Price GBX 62.44 Offer Price GBX 62.81
Mid Price - Day Change GBX +0.07 (0.11%)
Price Date 21 Oct 2016 Crown Rating
Shares Class Inc. Yield 2.50 %
Total Expense Ratio 0.00 Fund Size 77,264,610.35
Launch Date 21/08/2013 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 0.00 Total Expense Ratio (%) 0.00
ISIN GB00B9LBK156 Min TopUp (£) 0.00

Fund Objective

The objective of the fund is to provide a combination of growth andincome and to keep the fund within a pre-determined risk profile.The fund’s potential gains and losses are likely to be limited by theobjective 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 andvolatility of different asset types. We use our experience and research,together with research and asset allocation guidelines fromDistribution Technology, to restrict the types of assets held and theallocation of each asset type to keep the fund within the target riskprofile.At least 80% of the fund will be invested in other authorised investmentfunds. The fund will mainly invest in index-tracker funds which areoperated by Legal & General.Through the other funds, the fund will have exposure of between 70%and 100% to company shares from around the world.The fund may use derivatives (contracts which have a value linked tothe price of another asset) to:• reduce risk or cost; or• generate additional capital or income with no, or an acceptably low,level of risk.The fund will also have minor exposure to company and governmentbonds (a type of loan that pays interest), cash, money marketinstruments (a form of loan that pays interest and is designed to havea stable value) and bank deposits.Distribution Technology has set risk profiles from 1 to 10, with 10 beingthe highest risk. This fund aims to stay within risk profile 7.

Fund Managers

Justin Onuekwusi
Justin is a fund manager within the Portfolio Strategy team, focusing on the management of the team's retail and risk-profiled multi-asset funds. Prior to joining LGIM in August 2013, Justin was a fund manager with Aviva Investors' multi-asset team combining both strategic and tactical dynamic asset allocation with manager selection in the construction of multi-asset portfolios. He was lead fund manager on a range of risk-targeting multi-asset funds and co-lead fund manager on a number of unit-linked Life and Pension funds, as well as manager of manager offerings. Justin previously worked as a fund research analyst at Merrill Lynch and an investment consultant for Aon Consulting. Justin is a CFA charterholder and holds a degree in economics from the University of Warwick and the Investment Management Certificate