Fact sheet: L&G UK Equity Income Pn

Fund information
Fund name
L&G UK Equity Income Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Andrew Kochsince 31/07/2015
Underlying fund
L&G UK Equity Income
Fund objective
The objective of this fund is to provide a combination of income in excess of the return represented by the performance of the FTSE All-Share Index, and growth. The Index consists of a broad spread of UK company shares.The fund will typically invest between 80% and 100% in UK company shares, or in shares of overseas companies which have a significant part of their activities in the UK or whose shares are traded on UK stock markets.The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes:•To help with efficient day to day management.•To reduce some of the risks of the market.•To enhance the performance of the fund.The fund may also invest in bonds (a type of loan which pays interest), cash, deposits, money market instruments or other authorised investment funds. Money market instruments are a type of security where cash can be deposited for short periods of time. The deposits and money market instruments will be repayable by the issuer within one year.If you hold accumulation units, income from investments held by the fund (dividends) will be reinvested into the value of your units.If you hold distribution units, income from investments held by the fund will be paid out to you (as a dividend).You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price.This fund may not be appropriate for investors who plan to withdraw their money within five years.
Benchmark
  • FTSE All Share TR
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
3.9%
1 Year rank in sector
186/225
Sector
PN UK Equity Income
Yield
-
Fund size
£0m (£0m 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.
87
Bid price
1158.7
Offer price
1158.7
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income31.3%
OMW IPLM&GGlLePn25.8%
FL Income Accumulation Pn25.7%
FL Schroder Inc AP25.4%
Zurich Schroder Income Pn24.6%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK90.7%
    Switzerland4.2%
    Not Specified1.8%
    France1.5%
    Money Market0.9%
  • Financials23.1%
    Consumer Goods19.9%
    Consumer Services13.5%
    Health Care12.8%
    Oil & Gas11.6%
  • UK Equities90.7%
    Swiss Equities4.2%
    Property1.8%
    French Equities1.5%
    Cash & Cash Equivalents0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%-2.2%3.7%3.9%8.6%-
Sector1.3%-0.7%7.2%9.3%20.2%62.5%
Rank within sector119 / 229155 / 229175 / 229186 / 225202 / 205-
Quartile3rd3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund2.5%5.3%-3.3%--
Sector8.2%3.9%3.7%23.2%13.2%
Rank within sector192 / 225105 / 220204 / 205--
Quartile4th2nd4th
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.
-3.51
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
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.
-0
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%.
9.59
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.
3.33
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.
-1.07
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.
0.88
Price movement
52 week high1201
52 week low991.8
Current bid price1158.7
Current offer price1158.7
Current mid price-
Region
1UK90.65%
2Switzerland4.15%
3Not Specified1.84%
4France1.45%
5Money Market0.93%
6Ireland0.7%
7Luxembourg0.28%
Industry sector
1Financials23.07%
2Consumer Goods19.91%
3Consumer Services13.54%
4Health Care12.83%
5Oil & Gas11.59%
6Telecommunications8.07%
7Industrials4.37%
8Basic Materials3.37%
9Utilities2.32%
Asset type
1UK Equities90.65%
2Swiss Equities4.15%
3Property1.84%
4French Equities1.45%
5Cash & Cash Equivalents0.93%
6Irish Equities0.7%
7Luxembourg Equities0.28%
Individual holdings
1HSBC HLDGS5.08%
2IMPERIAL BRANDS PLC4.85%
3BRITISH AMERICAN TOBACCO4.58%
4ASTRAZENECA PLC4.46%
5VODAFONE GROUP4.32%
6ROYAL DUTCH SHELL4.28%
7BP4.09%
8BT GROUP3.75%
9LLOYDS BANKING GROUP PLC3.48%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The objective of this fund is to provide a combination of income in excess of the return represented by the performance of the FTSE All-Share Index, and growth. The Index consists of a broad spread of UK company shares.The fund will typically invest between 80% and 100% in UK company shares, or in shares of overseas companies which have a significant part of their activities in the UK or whose shares are traded on UK stock markets.The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes:•To help with efficient day to day management.•To reduce some of the risks of the market.•To enhance the performance of the fund.The fund may also invest in bonds (a type of loan which pays interest), cash, deposits, money market instruments or other authorised investment funds. Money market instruments are a type of security where cash can be deposited for short periods of time. The deposits and money market instruments will be repayable by the issuer within one year.If you hold accumulation units, income from investments held by the fund (dividends) will be reinvested into the value of your units.If you hold distribution units, income from investments held by the fund will be paid out to you (as a dividend).You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price.This fund may not be appropriate for investors who plan to withdraw their money within five years.
Benchmark
  • FTSE All Share TR
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Andrew Koch31/07/2015Andrew joined LGIM in August 2014 and is a fund manager in the Global Income team within Active Equities. He joined from the in-house pension scheme at BAE Systems. There he was head of the European equities team, co-chair of the Global best ideas fund, and a member of the asset allocation committee for the overall fund. Previously, he managed European equities for institutional and retail funds at Henderson Global Investors and HSBC Asset Management, where he won two awards. He started his career at Phillips & Drew in 1992, where he spent ten years investing in UK, European and Japanese equities for institutional clients. He has an MA from New College, Oxford, in philosophy, politics and economics. Andrew is a CFA charterholder and an ASIP.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G UK Equity Income Pn G17
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1195.4
Offer price1195.4
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJQGT
L&G UK Equity Income Pn G25
Initial charge-
Annual charge0.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.98%
Bid price1158.7
Offer price1158.7
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJQGU
L&G UK Equity Income Pn G29
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1163
Offer price1163
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJQGV
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.