|Bid Price||GBX 55.87||Offer Price||GBX 58.66|
|Mid Price||-||Day Change||GBX -0.04 (-0.09%)|
|Price Date||25 Apr 2014||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||1.67||Fund Size||219,650,000.00|
|Launch Date||10/11/2008||Standard Initial Charge (%)||5.00|
|Annual Management Charge (%)||1.50||Sector||IMA UK Equity Income|
|Min Investment (£)||500.00||Total Expense Ratio (%)||1.67|
|ISIN||GB00B3DPCY09||Min TopUp (£)||100.00|
The objective of this fund is to provide a combination of growth and income into the fund in all market conditions over any three year period. The fund will achieve returns by investing strategically in a limited number of global economic themes, based on forecasts and analysis of a broad range of global economic indicators. The fund may experience significant volatility due to the nature of the investment strategy. The fund will invest between 50% and 100% in derivatives (contracts which have a value linked to the price of another asset). These derivatives may be linked to all types of asset including company shares, bonds (a type of loan which pays interest), currencies, commercial property and commodities. At times the fund may be fully invested in derivatives or cash. The fund may invest in any geographic or economic sector anywhere in the world. The fund may use derivatives for the following purposes: To enhance the performance of the fund. This may include using derivatives to create the effect of a short sale. Short selling is used where a fund manager believes that the asset is currently overvalued in the market.to help with efficient day to day management, to reduce some of the risks of the market. The fund may also have a direct holding in company shares, bonds, other authorised investment funds, cash and deposits.
David North is a Director of Legal & General Investment Management and Head of the Asset Allocation and High Yield teams. He is also the lead portfolio manager for Distribution Bonds. He joined Legal & General in 2000 and has 25 years' fixed income investment management experience. David graduated from Fitzwilliam College, Cambridge University in 1984.