Fact sheet: L&G UK Recovery Pn

Fund information
Fund name
L&G UK Recovery Pn G1 Acc
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Kevin Chessumsince 01/06/2016
No data available.
Fund objective
To provide the potential for long-term growth by investing in a concentrated portfolio of UK and European shares. The fund will invest in companies considered to be undervalued due to their special situation, such as recovery action, management change, refinancing activity or undervalued strategic assets.
Benchmark
  • ABI UK All Companies
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
23.3%
1 Year rank in sector
398/845
Sector
PN UK All Companies
Yield
-
Fund size
£108m (£94m 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.
93
Bid price
279.9
Offer price
294.6
Top in this sector
Fund name1 Year
Fidelity UBS UK Select Pn38%
Halifax IM UK Growth Pn37%
Stan Life SLI UK Eq Rcvry Pn37%
CM UBS UK Opportunities Pension36.8%
SW UBS UK Opps Pn36.2%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK88.1%
    Europe ex UK10.5%
    Money Market1.5%
  • Consumer Services23.4%
    Industrials17.4%
    Financials15.2%
    Health Care14.7%
    Oil & Gas7.6%
  • UK Equities88.1%
    Europe ex UK Equities10.5%
    Cash & Cash Equivalents1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.1%10.6%14.8%23.3%48%97.3%
Sector4.3%5.9%12.8%21.7%25.3%78.6%
Rank within sector170 / 86718 / 865159 / 862398 / 84518 / 804138 / 761
Quartile1st1st1st2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund13.3%12.3%15.1%-2.7%25.1%
Sector8.5%10.2%4.4%0.6%24.2%
Rank within sector49 / 861374 / 83725 / 824712 / 799341 / 780
Quartile1st2nd1st4th2nd
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.
4.68
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.
0.95
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.
0.74
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%.
10.5
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.
5.52
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.
0.76
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 high277.6
52 week low212.8
Current bid price279.9
Current offer price294.6
Current mid price-
Region
1UK88.05%
2Europe ex UK10.46%
3Money Market1.49%
Industry sector
1Consumer Services23.36%
2Industrials17.4%
3Financials15.17%
4Health Care14.69%
5Oil & Gas7.64%
6Basic Materials7.03%
7Telecommunications6.18%
8Technology4.2%
9Consumer Goods2.84%
Asset type
1UK Equities88.05%
2Europe ex UK Equities10.46%
3Cash & Cash Equivalents1.49%
Individual holdings
1PRUDENTIAL PLC4.73%
2CARNIVAL4.67%
3NMC HEALTH PLC4.37%
4PLAYTECH PLC4.32%
5SMITH & NEPHEW AG4.25%
6DCC4.17%
7PAYSAFE GROUP PLC4.11%
8ROYAL DUTCH SHELL4.05%
9GVC HLDGS PLC4.03%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
To provide the potential for long-term growth by investing in a concentrated portfolio of UK and European shares. The fund will invest in companies considered to be undervalued due to their special situation, such as recovery action, management change, refinancing activity or undervalued strategic assets.
Benchmark
  • ABI UK All Companies
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Kevin Chessum01/06/2016Kevin Chessum is an Associate Director of LGIM, responsible for managing asset allocation positions across a broad set of diversified funds. He joined LGIM in November 1982 from Warwick University, and initially analysed individual companies and sectors within the UK Equity market. He progressed to become a UK Equity fund manager and then, early in 2002, onto managing asset allocation portfolios. He is currently responsible for managing a set of portfolios that invest in a wide range of asset classes including UK and overseas equities, fixed interest, and cash.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G UK Recovery Pn 3
Initial charge-
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.25%
Bid price285.1
Offer price285.1
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNDE3
L&G UK Recovery 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)0.55%
Bid price279.9
Offer price294.6
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLC49
L&G UK Recovery 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)3.8%
Bid price157.9
Offer price166.2
Mid price-
CurrencyGBX
Price updated24/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeLC44
L&G UK Recovery 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)0.8%
Bid price267.8
Offer price281.9
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLC43
L&G UK Recovery 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)4.55%
Bid price138.3
Offer price145.6
Mid price-
CurrencyGBX
Price updated24/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeLC45
L&G UK Recovery Pn G25
Initial charge-
Annual charge0.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.3%
Bid price287.7
Offer price287.7
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL468
L&G UK Recovery 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)0.8%
Bid price267.8
Offer price274.7
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLC40
L&G UK Recovery 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)4.55%
Bid price138.3
Offer price141.8
Mid price-
CurrencyGBX
Price updated24/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeLC46
L&G UK Recovery 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)0.8%
Bid price267.8
Offer price281.9
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLC41
L&G UK Recovery 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)4.05%
Bid price151
Offer price158.9
Mid price-
CurrencyGBX
Price updated24/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeLC47
L&G UK Recovery 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)0.55%
Bid price279.9
Offer price294.6
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLC42
L&G UK Recovery 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)4.55%
Bid price138.3
Offer price145.6
Mid price-
CurrencyGBX
Price updated24/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeLC48
Data provided by

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