Fact sheet: L&G UK Property Feeder

Fund information

Fund name
L&G UK Property Feeder I Acc
Fund company manager
Legal & General UT Mgr Ltd
Fund type
UKA
Fund manager(s)
Michael Barrie
since 27/05/2014
Matt Jarvis
since 27/05/2014
Fund objective
The objective of this fund is to provide a combination of income andgrowth by investing solely in the Legal & General UK Property Fund(the ‘Master Fund’). It may also hold cash where necessary to enablethe making of payments to unitholders or creditors.The fund aims to achieve investment returns very similar to those ofthe Master Fund.The Master Fund will typically invest at least 80% in a range of UKcommercial properties (but this can be as low as 60% where the fundmanager deems it to be in the interests of the fund and itsshareholders).The Master Fund may invest in all types of commercial property. TheMaster Fund may occasionally invest in residential property and mayalso develop properties. The Master Fund may also invest from timeto time in commercial properties in the Isle of Man and the ChannelIslands.The Master Fund may use derivatives (contracts which have a valuelinked 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.The Master Fund may also invest in other property-related assets,(including property-related UK shares and UK property-relatedauthorised investment funds), money market instruments, deposits,money market-related authorised investment funds and governmentbonds. Money market instruments are a type of security where cashcan be deposited for short periods of time.If you hold accumulation units in the Legal & General UK PropertyFeeder Fund, income from investments held by the fund (dividends)will be reinvested into the value of your units.If you hold distribution units in the Legal & General UK Property FeederFund, income from investments held by the fund will be paid out toyou (as a dividend). In addition to the charges set out in the charges section overleaf, theMaster Fund will incur transaction costs relating to the buying andselling of property. These costs are paid from the assets of the MasterFund.This fund may not be appropriate for investors who plan to withdrawtheir money within five years. The fund may be appropriate if youwould like to add a more specialist investment to an existing portfolio.
Benchmark
IA - Property
Investment style
None
Investment method
Feeder fund,Physical

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

9.02 %

1 Year rank in sector

-

Sector

UT Property

Yield

2.4

Fund size

£ 2.9 b

FE Risk score

50

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Money Market
    24.74%
  • Midlands
    15.45%
  • South East UK
    10.6%
  • Central London
    8.69%
  • Not Specified
    6.5%
  • Cash & Cash Equivalents
    24.74%
  • Offices - Property
    22.36%
  • Industrials
    21.51%
  • Warehouse - Property
    10.62%
  • Indirect Property
    6.5%
  • Physical Property
    68.26%
  • Cash & Cash Equivalents
    24.57%
  • Property Shares
    7%
  • Money Market
    0.17%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0.73 %3.66 %9.02 %23.6 %45.84 %
Sector1.16 %2.52 %4.98 %21.17 %34.91 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20172016201520142013
Fund5.54 %1.93 %10.6 %13.47 %7.92 %
Sector4.45 %5.04 %5.39 %10.75 %4.69 %
Rank within sector / / / / /
Quartile th th th th th th

Risk statistics

Alpha7.29
Beta0
Sharpe1.03
Volatility3.62
Tracking error6.75
Information ratio-0.1
R-Squared-

Price movement

52 week high80.22
52 week low73.53
Current bid price80.17
Current offer price84.28
Current mid price0

Holdings by region

  • 24.74% Money Market
  • 15.45% Midlands
  • 10.6% South East UK
  • 8.69% Central London
  • 6.5% Not Specified
  • 5.84% Scotland
  • 5.72% Yorkshire & Humberside
  • 5.55% London
  • 4.27% North West UK
  • 4.16% South West UK

Holdings by sector

  • 24.74% Cash & Cash Equivalents
  • 22.36% Offices - Property
  • 21.51% Industrials
  • 10.62% Warehouse - Property
  • 6.5% Indirect Property
  • 6.1% Retail - Property
  • 4.95% Others
  • 2.72% Leisure
  • 0.5% Derivatives

Holdings by asset type

  • 68.26% Physical Property
  • 24.57% Cash & Cash Equivalents
  • 7% Property Shares
  • 0.17% Money Market

Individual holdings

-