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 17/08/2010
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
4.2%
1 Year rank in sector
30/160
Sector
PN UK Direct Property
Yield
-
Fund size
£842m (£850m 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.
54
Bid price
2908.9
Offer price
3062
Top in this sector
Fund name1 Year
Guardian Property Pn18.6%
Guardian Choices Property Pn18.6%
Pru UK Property Pn10.8%
Zurich L&G Property Pn10.2%
OMW IPL Aviva Lm Prp Pn8.3%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • London30.4%
    South East UK18.7%
    Central London14.9%
    South West UK7.7%
    Wales6.5%
  • Industrials32%
    Offices - Property27.6%
    Warehouse - Property15.2%
    Retail14.4%
    Leisure7.2%
  • Physical Property80%
    Cash & Cash Equivalents17.5%
    Property Shares2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.4%2.5%4.7%4.2%29.9%46.4%
Sector0.7%1.8%4%1%23.1%36.8%
Rank within sector4 / 16220 / 16226 / 16130 / 16035 / 15638 / 153
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund2.7%2.6%11.2%14.4%8.6%
Sector2.4%-0.7%9.7%14.3%6.9%
Rank within sector36 / 16239 / 16050 / 15967 / 15545 / 153
Quartile1st1st2nd2nd2nd
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.
1.6
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.
1.01
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.
1.4
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%.
4.1
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.
2.24
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.
0.74
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.
0.7
Price movement
52 week high2908.3
52 week low2577.3
Current bid price2908.9
Current offer price3062
Current mid price-
Region
1London30.4%
2South East UK18.7%
3Central London14.9%
4South West UK7.7%
5Wales6.5%
6Eastern UK6%
7North West UK5.7%
8Midlands5.1%
9Scotland3.5%
Industry sector
1Industrials32%
2Offices - Property27.6%
3Warehouse - Property15.2%
4Retail14.4%
5Leisure7.2%
6Others3.6%
Asset type
1Physical Property80%
2Cash & Cash Equivalents17.5%
3Property Shares2.5%
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 Edwards17/08/2010William 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 price2944.5
Offer price2944.5
Mid price-
CurrencyGBX
Price updated24/04/2017
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 price2908.9
Offer price3062
Mid price-
CurrencyGBX
Price updated24/04/2017
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 price808.3
Offer price850.8
Mid price-
CurrencyGBX
Price updated24/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeLE27
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 price2699.7
Offer price2841.8
Mid price-
CurrencyGBX
Price updated24/04/2017
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 price650
Offer price684.2
Mid price-
CurrencyGBX
Price updated24/04/2017
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 price2990
Offer price2990
Mid price-
CurrencyGBX
Price updated24/04/2017
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 price2699.7
Offer price2768.9
Mid price-
CurrencyGBX
Price updated24/04/2017
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 price650
Offer price666.7
Mid price-
CurrencyGBX
Price updated24/04/2017
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 price2699.7
Offer price2841.8
Mid price-
CurrencyGBX
Price updated24/04/2017
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 price1076.2
Offer price1132.8
Mid price-
CurrencyGBX
Price updated24/04/2017
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 price2908.9
Offer price3062
Mid price-
CurrencyGBX
Price updated24/04/2017
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 price658.4
Offer price693.1
Mid price-
CurrencyGBX
Price updated24/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeLB55
Data provided by

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