Fact sheet: L&G Property Pn

Fund information
Fund name
L&G Property Pn G1 Acc
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Will Edwardssince 16/08/2010
No data available.
Fund objective
To get the best return from a portfolio of first class freehold and leasehold interests in commercial and industrial property. This includes industrial warehouse buildings, shopping units and office blocks. It is also permitted to invest up to 15% in other external property funds in order to take advantage of investment opportunities in niche or specialist sections.
Benchmark
  • ABI UK Direct Property
Investment style
No data available.
Investment method
Physical
Quick stats
1 Year return
3.4%
1 Year rank in sector
27/159
Sector
PN UK Direct Property
Yield
-
Fund size
£825m (£829m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
58
Bid price
2818.2
Offer price
2966.5
Top in this sector
Fund name1 Year
Guardian Property Pn15.2%
Guardian Choices Property Pn15.2%
Zurich L&G Property Pn8.1%
OMW IPL Aviva Lm Prp Pn7.4%
FL Property AP5.9%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • London30.2%
    South East UK17.7%
    Central London14.8%
    South West UK7.7%
    Wales6.7%
  • Retail - Property25.3%
    Industrial - Property23.7%
    Offices - Property22.5%
    Cash & Cash Equivalents19.5%
    Leisure - Property6%
  • Physical Property79.4%
    Cash & Cash Equivalents19.5%
    Property Shares1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%1.9%0.1%3.4%32.8%44.4%
Sector0.7%2.5%-2.4%-1.4%24.6%33.2%
Rank within sector19 / 161100 / 16033 / 15927 / 15929 / 15429 / 149
Quartile1st3rd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund2%11.2%14.4%8.6%1.9%
Sector-1.7%9.7%14.3%6.9%1%
Rank within sector38 / 15949 / 15866 / 15444 / 15238 / 149
Quartile1st2nd2nd2nd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.75
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.03
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.53
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
4.2
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.23
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.88
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.72
Price movement
52 week high2922.1
52 week low2577.3
Current bid price2818.2
Current offer price2966.5
Current mid price-
Region
1London30.2%
2South East UK17.7%
3Central London14.8%
4South West UK7.7%
5Wales6.7%
6North West UK6.4%
7Eastern UK6.2%
8Midlands5%
9Scotland3.7%
Industry sector
1Retail - Property25.28%
2Industrial - Property23.67%
3Offices - Property22.54%
4Cash & Cash Equivalents19.5%
5Leisure - Property5.96%
6Other - Property3.06%
Asset type
1Physical Property79.4%
2Cash & Cash Equivalents19.5%
3Property Shares1.1%
Individual holdings
No data available.
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
To get the best return from a portfolio of first class freehold and leasehold interests in commercial and industrial property. This includes industrial warehouse buildings, shopping units and office blocks. It is also permitted to invest up to 15% in other external property funds in order to take advantage of investment opportunities in niche or specialist sections.
Benchmark
  • ABI UK Direct Property
Investment style
No data available.
Investment method
Physical
Fund managers
NameSinceBiography
Will Edwards16/08/2010William joined Legal & General Property in 2010 having previously worked at DTZ Investment Management (DTZ IM). At DTZ IM he was the Fund Manager responsible for the Safeway Pension Trustees Limited and P.A.T (Pensions) Limited property portfolios as well as having managed the Allied Domecq Pension Fund. Prior to this William worked for Savills. William holds a post graduate Masters in Property Valuation and Law and is a Member of the Royal Institution of Chartered Surveyors (MRICS).
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Property Pn 3
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.89%
Bid price2850.8
Offer price2850.8
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNDC1
L&G Property Pn G1 Acc
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.09%
Bid price2818.2
Offer price2966.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLE28
L&G Property Pn G1 Ini
Initial charge-
Annual charge3.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)4.34%
Bid price791.6
Offer price833.3
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeLE27
L&G Property Pn G17 SH
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price304.3
Offer price304.3
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeLH79
L&G Property Pn G17 SH Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price260.2
Offer price260.2
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL395
L&G Property Pn G2 Acc
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.34%
Bid price2617.7
Offer price2755.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLE73
L&G Property Pn G2 Ini
Initial charge-
Annual charge4.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)4.5%
Bid price638.2
Offer price671.8
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeLE72
L&G Property Pn G25 Acc
Initial charge-
Annual charge0.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.84%
Bid price2894.3
Offer price2894.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL460
L&G Property Pn G4 Acc
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.34%
Bid price2617.7
Offer price2684.8
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLB80
L&G Property Pn G4 Ini
Initial charge-
Annual charge4.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)4.5%
Bid price638.2
Offer price654.6
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeLB78
L&G Property Pn G5 Acc
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.34%
Bid price2617.7
Offer price2755.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLC07
L&G Property Pn G5 Ini
Initial charge-
Annual charge4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)4.59%
Bid price1054.9
Offer price1110.4
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeLC06
L&G Property Pn G6 Acc
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.09%
Bid price2818.2
Offer price2966.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLB54
L&G Property Pn G6 Ini
Initial charge-
Annual charge4.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)4.5%
Bid price646.4
Offer price680.4
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeLB55
Data provided by

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