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LLOYDS BANK E-INVESTMENTSOur Managed Funds

We offer a choice of three managed funds, each with a different level of risk and potential return: lower, medium or higher.

Features and benefits

  • Choose between our three managed funds. Each one has a different level of risk and potential return: lower, medium or higher.
  • You can start investing from £100 a month, or if you are looking to invest an initial lump sum the minimum is £2,000 – or you can choose to do both.
  • Use Internet Banking to monitor the funds’ performance, top up your investment, set up or amend any regular investments, or switch your money between our three managed funds.
  • You can sell all or part of your investment at any time and we won’t charge you a fee for doing so.
  • Once you’ve decided which managed fund to invest in, our fund managers do the hard work and will decide where your money is invested, in line with the growth objectives of the fund.
  • You can invest all or part of your ISA allowance using our Investment ISA and you won’t be taxed on any returns you make.
  • If you've already used your ISA allowance, or prefer not to invest in an ISA, you can invest using our Investment Account.

Keep in mind

  • The value of your investment, and the income you get from it, can go down as well as up. As with any investment, there is a chance you will get back less than you originally invested.
  • We will not offer any financial advice or make recommendations about where to invest your money, so make sure you fully understand the risks and investment objectives of the funds before making any decisions.
  • We will give you information on our investments, funds, their objectives and how they are managed, as well as the associated risks, charges and terms throughout your application.
  • We recommend you hold investments for the medium to long-term – that is usually five to ten years. This is to help smooth out the ups and downs of the financial markets.
  • There are charges based on the value of your investment each year. An Ongoing Charge of a maximum of 0.45%, a service fee of 0.24% and transaction costs which vary depending on the fund but are not greater than 0.25%.
  • This product is only available for Lloyds Bank customers who are registered for Internet Banking. If you are an existing customer, you can register for Internet Banking .

Our funds

Our funds are managed by Scottish Widows. Their fund managers pool investors' money together, which they then invest in a mixture of different assets. For example: sharestooltip close button. Please press escape key to close the tooltipTooltipSharesA share is a 'unit of ownership' in a company that is offered for sale to investors. It is also referred to as a 'stock' or 'equity'. When you buy a share, you become a part owner of the company., bonds and giltstooltip close button. Please press escape key to close the tooltipTooltipBonds and giltsA bond is an 'IOU', typically from a government or a company. You are essentially lending money to a government or company for a defined period of time, after which they promise to pay you back. In return, the company or government promises you regular interest payments at a fixed rate., property. Each fund has a different mix of these types of asset depending on the level of risk for that fund. The types of assets and the mix of assets can change over time. You can see the different mix of assets for each fund in their descriptions below.

Managed Growth Fund 2 – our lower risk fund with lower potential returns

This fund is our lower risk fund, so the fund managers invest your money mostly in lower risk assets and spread any risk over a wide range of investments.

The diagram shows a breakdown of the assets in which it invests. You will see there is a higher proportion invested in bonds, which are lower risk assets, and a lower proportion in shares, which are higher risk assets. The fund aims to grow the value of your investments over the medium to long term.

Managed Growth Fund 2 diagram

Our Key Investor Information Document has more information about the fund and its objectives.

Key Investor Information Document (PDF, 74 kB)PDF, opens in a new browser window.

Past performance

With investments, it's often a good idea to look at how they have performed over at least five years, as the value of different asset types goes up and down over time.

Our funds were launched on 26th March 2014, meaning that there’s no performance data available before this date. The table shows how it performed in its first year, but past performance isn’t a guarantee of future performance. You should aim to leave your investment in place for at least 5 to 10 years.

Discrete performance
31/03/2013 - 31/03/2014 N/A
31/03/2014 - 31/03/2015 10.4%
31/03/2015 - 31/03/2016 0.0%
31/03/2016 - 31/03/2017 11.3%
31/03/2017 - 31/03/2018 0.6%

Our Fund Factsheet has more information about the fund and its past performance.

Fund Factsheet (PDF, 84 kB)

Managed Growth Fund 4 – our fund with a moderate approach to risk and potential returns

This is our medium risk fund, so the fund managers will typically invest in a mixture of lower risk and higher risk assets.

The diagram shows a breakdown of the assets in which it invests. You will see there is a higher proportion invested in shares, which are higher risk assets. The fund aims to grow the value of your investments over the medium to long term.

Managed Growth Fund 4 diagram

Our Key Investor Information Document has more information about the fund and its objectives.

Key Investor Information Document (PDF, 74 kB)opens in a new browser window.

Past performance

With investments, it’s often a good idea to look at how they have performed over at least five years, as the value of different asset types goes up and down over time.

Our funds were launched on 26th March 2014, meaning that there’s no performance data available before this date. The table shows how it performed in its first year, but past performance isn’t a guarantee of future performance. You should aim to leave your investment in place for at least 5 to 10 years.

Discrete performance
31/03/2013 - 31/03/2014 N/A
31/03/2014 - 31/03/2015 8.9%
31/03/2015 - 31/03/2016 -2.5%
31/03/2016 - 31/03/2017 15.2%
31/03/2017 - 31/03/2018 0.6%

Our Fund Factsheet has more information about the fund and its past performance.

Fund Factsheet (PDF, 135 kB)PDF opens in a new browser window

Managed Growth Fund 6 – our higher risk fund with potential for higher returns

This is our higher risk fund, so a higher proportion of money will be invested in assets with a greater potential for growth, but which also have more risk attached.

The diagram shows a breakdown of the assets in which it invests. You will see there is a higher proportion invested in shares, which are higher risk assets, and less invested in bonds, which are lower risk assets. The fund aims to grow the value of your investments over the medium to long term.

Managed Growth Fund 6 diagram

Our Key Investor Information Document has more information about the fund and its objectives.

Key Investor Information Document (PDF, 74 kB)opens in a new browser window.

Past performance

With investments, it’s often a good idea to look at how they have performed over at least five years, as the value of different asset types goes up and down over time.

Our funds were launched on 26th March 2014, meaning that there’s no performance data available before this date. The table shows how it performed in its first year, but past performance isn’t a guarantee of future performance. You should aim to leave your investment in place for at least 5 to 10 years.

Discrete performance
31/03/2013 - 31/03/2014 N/A
31/03/2014 - 31/03/2015 8.6%
31/03/2015 - 31/03/2016 -3.2%
31/03/2016 - 31/03/2017 19.5%
31/03/2017 - 31/03/2018 0.6%

Our Fund Factsheet has more information about the fund and its past performance.

Fund Factsheet (PDF, 136 kB)PDF opens in a new browser window

Our Investment ISA allows you to invest without paying tax on any returns you make on your money. The government sets an annual limit to the amount you can invest in an ISA. In this tax year the limit is £20,000 which can be split however you want across a Cash ISA, an Investment (Stocks and Shares) ISA and an innovative finance ISA. Investment ISAs are designed with a medium to long-term investment horizon in mind – that is, five to ten years.

Alternatively you can split your allowance by investing up to £4,000 in a Lifetime ISA and the remaining allowance between any combination of the other three types of ISA, as long as you don’t exceed £20,000 in total across your ISAs.

If you have already used up your ISA allowance, prefer not to invest in an ISA, or have invested in another Stocks and Shares ISA this tax year, you might want to consider opening an Investment Account with us. This allows you to invest in the same three managed funds as our Investment ISA.

Before you invest for the first time it is important to understand the basics. We’ve put together a step-by-step guide to investments that we hope will clarify some of the broader benefits and risks.

Read our guideon the basics of investing.

Different asset classesCloseAsset classesWhen people talk about 'asset classes' they are referring to the different types of asset you can invest in. For example: property, shares or bonds are all different classes of asset, and will all have different risks associated with them. have different risks associated with them, and the different levels of these assets in our funds determine the associated level of risk. For example, sharesCloseSharesA share is a ‘unit of ownership’ in a company that is offered for sale to investors. It is also referred to as a ‘stock’ or ‘equity’. When you buy a share, you become a part owner of the company. - which are also known as equities - are considered riskier investments than fixed interest securitiesCloseFixed Interest SecuritiesA fixed interest security is an investment that provides a return in the form of regular fixed payments over a defined time period. – like bonds and giltsCloseBonds and giltsA bond is an 'IOU', typically from a government or a company. You are essentially lending money to a government or company for a defined period of time, after which they promise to pay you back. In return, the company or government promises you regular interest payments at a fixed rate. – or property. While share prices have the potential to rise quicker than other types of investment, and give you a bigger return, they are also more prone to rapid short-term falls in their prices. This means the bigger percentage of the fund invested in shares the more potential upside there is, but also, the more risk to your investment there is.

Find out more about understanding risk

Our investment guides cover a variety of topics, from the basics of investing to information on investment risk and financial planning.

New to investing

Planning for your future

Understanding risk

Investment products explained

Jargon buster

Ongoing charge

The ongoing charge is a maximum of 0.45% of the value of your investments every year. This charge goes to the fund manager and is automatically deducted from the value of your investment, so any valuation you see of your investment will be after these fees have been deducted.

Transaction costs

Transaction Costs include costs incurred by the fund manager buying or selling financial securities and instruments. They vary depending on the fund but are not greater than 0.25%.

Service fee

The service fee is 0.24% of the value of your investment every year. This fee is used to pay for the day-to-day administration of your investments, things like: maintaining online and telephone services and preparing account statements and tax certificates. It is payable annually and will be collected from a debit card.

Initial charges and exit charges

There are no initial charges to pay when you start investing, and there are no exit charges to pay when you sell your investments. The only fees and charges you will pay are the ongoing charge and service fee as explained above.

Our fees and charges in practice

For example, if you invested £5,000 in one year, you would pay a maximum of £22.50 for the ongoing charge and up to £12.50 for the transaction costs, which would be automatically deducted from the value of your investment. Our service fee for this level of investment would be £12 which would be collected from a debit card. In total, your fees and charges for the full year would be £47.

For a more detailed explanation of the fees and charges that apply and when you will pay them, please refer to Our Fund Range and Investments document below.

Our Fund Range and Investments (PDF, 280 kB)opens in a new browser window.

You can choose to start your investment with a lump-sum, regular monthly investments, or both. The minimum initial lump sum you can invest is £2,000. The minimum you can invest regularly on a monthly basis is £100. If you want to make a one-off deposit to top up your investment at any time, the minimum amount is £250. There is no minimum term on our Investment Account or Investment ISA and you can cancel your regular investment at any time. You can sell all or part of your investment at any time.

If you're not sure whether or not investing is right for you and want more information, the Money Advice Service is set up by the Government and provides free, unbiased and independent advice on how to make the most of your money. You can also get more information about independent financial advice and details of Independent Financial Advisers near you.

Visit moneyadviceservice.org.uk

Alternatively, if you have a sole income of at least £100,000 a year, or at least £100,000 of savings and investments, our financial advice service can help. Our advisers will offer recommendations and guidance on how to plan your financial future.

As with all professional advice, there will be a charge for our services. We recognise that financial advice may not be for everyone so before you commit to any charges we will ensure you understand the basis of our advice and the level of charges that will apply.

Find out more about our financial advice service

You can apply for an Investment ISA or an Investment Account if:

  • you’re aged 18 or older
  • you’re a resident in the UK
  • you’re an existing Lloyds Bank customer with Internet Banking

If you're applying for an investment ISA, you will also need to ensure that:

  • you haven’t already invested in a Stocks & Shares ISA this tax year
  • you haven’t fully used your ISA allowance for this tax year
  • you have your National Insurance number to hand

Registered for Internet Banking? Log on to apply now Log on to apply

If you're not comfortable with investing, why not consider our range of savings accounts, to see if these better suit your needs.

Compare savings accounts

We also offer a share dealing service allowing you to buy and sell UK and international shares, and invest in over 3,000 managed funds.

View our share dealing services