L&G (N) Tracker Trust

Launched: 1 October 1999

What are the aims of the trust?

The trust aims for long-term capital growth by tracking the FTSE All-Share Index. The trust is managed on a fully invested basis and has a portfolio of, typically, around 690 stocks comprising the Index although, occasionally, it may invest in stocks outside the Index.

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: HIGH RISK
The value of your investment will vary in line with the performance of the UK equity market as measured by the performance of the FTSE All-Share Index. 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% 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) Tracker Trust?

The fund is managed on Legal & General’s behalf by an experienced fund manager, State Street Global Advisors, who are a major name in the use of tracking investment strategies.

Please note: Legal & General (Portfolio Management Services) Limited and Legal & General (Unit Trust Managers) Limited are licensed by FTSE International Limited to use the name "FTSE".

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