Fact sheet: L&G UK Equity Income

Fund information
Fund name
L&G UK Equity Income I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund managers
  • Andrew Kochsince 31/07/2015
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
2.3%
1 Year rank in sector
62/88
Sector
UT UK Equity Income
Yield
4.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.88%
Fund size
£523m (£538m 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
75.01
Offer price
75.44
Top in this sector
Fund name1 Year
UBS UK Equity Income27.2%
Scot Wid Fdmtl Index UK Equity20.1%
SVS Church House DeepValInvts16.8%
SJP UK Growth16.6%
Jupiter Income Trust15.9%
...more in UT 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%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%-3.6%2.7%2.3%10.2%50.4%
Sector0.7%-2.3%4.7%4.7%16.5%59.3%
Rank within sector52 / 9365 / 9362 / 9362 / 8875 / 7960 / 74
Quartile3rd3rd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund2.2%6.3%-2.5%28.3%11.1%
Sector4.5%4.9%2.8%24.8%13.5%
Rank within sector60 / 8938 / 8478 / 8023 / 7653 / 75
Quartile3rd2nd4th2nd3rd
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.
-2.63
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.
1.07
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%.
9.63
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.
2.34
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
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.
0.94
Price movement
52 week high79.1
52 week low64.49
Current bid price75.01
Current offer price75.44
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 UT Mgr
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
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
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
L&G UK Equity Income F Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price73.34
Offer price73.76
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCG9
L&G UK Equity Income F Inc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price58.64
Offer price58.98
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNCG8
L&G UK Equity Income I Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price75.01
Offer price75.44
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCH2
L&G UK Equity Income I Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price59.95
Offer price60.3
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNCH1
L&G UK Equity Income L Acc
Initial charge-
Annual charge0.05%
Min single investment£100,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMZOB
L&G UK Equity Income R Acc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.77%
Total expense ratio (TER)-
Bid price71.45
Offer price75.45
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCG7
L&G UK Equity Income R Inc
Initial charge5%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.77%
Total expense ratio (TER)-
Bid price57.11
Offer price60.31
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNCG6
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.