L&G (N) Balanced Trust
Launched: 3 January 1996
What are the aims of the trust?
This trust aims to provide long-term growth of both capital and income by investing in a broad range of UK and overseas companies' shares and in fixed interest securities.
- invests in a wide range of assets to spread investment risk
- no upfront charges
- access to your money at any time (although you should aim to leave your money untouched for at least five years)
- regular statements every six months on your fund(s)
- performance and overview of the market in which it invests
- it's available to both lump sum investors and regular savers
- available as a unit trust or an ISA
Your investment
The minimum investment is £20. This can be paid as a single lump sum or as a regular monthly amount.
What are the risk factors?
Capital risk: MEDIUM RISK
The value of your investment will vary in line with the performance of the corporate bond and equity markets, in the UK and selected overseas countries. You could get back more or less than you originally invested.
Inflation risk
Investments included in the fund have the potential to exceed inflation over the longer term. However, the actual rate of return is subject to market variation and there is no guarantee that the money you invest will keep pace with inflation. Where your investment makes a capital loss, the real value of your loss may be significantly greater due to the effects of inflation.
Shortfall risk
The fund may not achieve sufficient returns to help you meet your specific savings goal.
Rate of return risk
You may receive no return from your investment or a lower return than you would have liked.
Accessibility risk
You have access to the money you invest at any time. Given potential for significant market variations in the fund's value and its rate of return, you must be prepared to invest your money for at least five years.
Complexity risk
Some long-term investments can be more complex than others, which is why we aim to explain things clearly, fairly and accurately.
If you think that one of the investment funds may suit your needs, but you'd also like some expert advice, please ask to talk to one of our Senior Financial Consultants. They'll be able to advise on Nationwide's full range of investment products.
What are the charges?
There is a 1.5% annual management charge on the value of your holdings, which is deducted from the fund. This charge is paid by the trust and covers the following fees: investment management, valuation, accounting and the manager's own management costs. The daily unit price reflects these deductions.
For more details of the charges please refer to the Key Features document.
Who manages the L&G (N) Balanced Trust?
The Balanced Trust is managed on Legal & General’s behalf by an experienced fund manager, Morley Fund Management, who are 100% owned by Aviva plc.
If you need advice, contact your local branch for an appointment with your Senior Financial Consultant