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020 7189 9999
The fund targets capital growth by tracking the performance of those companies in the FTSE World Index which are engaged in Information Technology. To achieve accurate tracking, the portfolio will closely replicate the holdings in that Index. In common with the underlying index, the fund will have be invested mainly in larger companies and will have a strong bias to the US.
| Sector | Technology and Telecoms | |
|---|---|---|
| Structure | UNIT TRUST | |
| Launched | August, 2005 | |
| Size | £263m | |
| Yield | 1.0% | |
| Charging basis | Income | |
| Dividends paid | Acc units only | |
| Standard initial charge | 0.00% |
|---|---|
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.19% |
| Annual management charge | 0.30% |
| Ongoing charges figure | 0.32% |
Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Information Investor Document, which we make available to you before you make a decision to invest, alternatively it is available on request.
No information available.
| Allocation | Proportion(%) | |
|---|---|---|
| Equity | 99 | |
| High yield bonds | 0 | |
| Quality bonds | 0 | |
| Property | 0 | |
| Commodities | 0 | |
| Hedge | 0 | |
| Fund cash | 1 | |
| Allocation | Proportion(%) | |
|---|---|---|
| UK | 1 | |
| Europe | 7 | |
| North America | 80 | |
| Japan | 4 | |
| Pacific | 7 | |
| Emerging Markets | 1 | |
| Allocation | Proportion(%) | |
|---|---|---|
| Large Caps | 89 | |
| Mid Caps | 11 | |
| Small Caps | 0 | |
No information available.
| Bid price(inc) | 46.37p |
|---|---|
| Accum units | 46.37p |
| Fund commentary | |
| Fund data updated on | 15/01/19 |
| Allocation | Proportion(%) | |
|---|---|---|
| Equity | 99 | |
| High yield bonds | 0 | |
| Quality bonds | 0 | |
| Property | 0 | |
| Commodities | 0 | |
| Hedge | 0 | |
| Fund cash | 1 | |
| Allocation | Proportion(%) | |
|---|---|---|
| UK | 1 | |
| Europe | 7 | |
| North America | 80 | |
| Japan | 4 | |
| Pacific | 7 | |
| Emerging Markets | 1 | |
| Allocation |
Propor tion(%) |
|
|---|---|---|
| Large Caps | 89 | |
| Mid Caps | 11 | |
| Small Caps | 0 | |
As at: 31/10/2018
15.3% Apple Inc
12.6% Microsoft Corp
10.3% Alphabet Inc
4.6% Facebook Inc
3.3% Cisco Systems Inc
3.2% Intel Corp
3% Taiwan Semiconductor Manufacturing
2.6% Samsung Electronics Co
2.3% Nvidia Corp
2.1% Oracle Corp
Source: Trustnet
| Technology | 96% |
|---|---|
| Others | 4% |
No information available.
No information available.
| Average monthly relative returns | Bestinvest MRI | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 14/15 | 15/16 | 16/17 | 17/18 | 18/19 | 3 years | 5 years | Career | 3 years | 5 years | Career | |
| -0.05% | -0.12% | 0.04% | -0.12% | -0.02% | -0.03% | -0.05% | -0.04% | 46.40% | 38.60% | 47.20% | |
| Performance figures are based on the average of monthly percentage returns relative to the benchmark index. | |||||||||||
 "Photo of Sebastian Radcliffe")
Hammond joined Legal & General in February 2000 initially as an Investment Reporting analyst and then as a fund accountant for the Linked Life fund. He joined the Index Funds team in November 2005 as an Assistant Manager and was promoted to Fund Manager in September 2008. He manages funds in all regions of the world and currently assists with the management of UK, Global and Asia Pacific equity funds.
Tom Hammond has 8.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.04%. During the worst period of relative performance (from October 2011 - March 2018) there was a decline of 6% relative to the index. The worst absolute loss has been 16%.
| Periods of worst performance | |
|---|---|
| Absolute | -16% (February 2011 - October 2012) |
| Relative | -6% (October 2011 - March 2018) |
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.
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