Fact sheet: L&G UK Property

Fund information

Fund name
L&G UK Property I Acc
Fund company manager
Legal & General UT Mgr Ltd
Fund type
OEIC
Fund manager(s)
Michael Barrie
since 28/02/2006
Matt Jarvis
since 01/01/2010
Fund objective
The fund will be a Property Authorised Investment Fund for taxpurposes at all times. Its objective is to provide a combination ofincome and growth through investing generally in commercialproperty.The fund will typically invest at least 80% in a range of UKcommercial properties (but this can be as low as 60% where thefund manager deems it to be in the interests of the fund and itsshareholders).The fund may invest in all types of commercial property. It mayoccasionally invest in residential property and may also developproperties. The fund may also invest from time to time incommercial properties in the Isle of Man and the Channel Islands.The fund may use derivatives (contracts which have a value linkedto 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 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 andgovernment bonds. Money market instruments are a type ofsecurity where cash can be deposited for short periods of time.If you hold accumulation shares, income from investments heldby the fund (a mixture of rental income, interest and dividends)will be reinvested into the value of your shares.If you hold distribution shares, income from investments held bythe fund will be paid out to you (as a mixture of rental income,interest and dividends).In addition to the charges set out in the charges section overleaf,the fund will incur transaction costs relating to the buying andselling of property. These costs are paid from the assets of thefund.This fund may not be appropriate for investors who plan towithdraw their money within five years. The fund may beappropriate if you would like to add a more specialist investmentto an existing portfolio.
Benchmark
IA - Property
Investment style
None
Investment method
Physical

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

9.01 %

1 Year rank in sector

15/53

Sector

UT Property

Yield

3

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
Fund0.58 %3.74 %9.01 %23.53 %45.76 %
Sector1.02 %1.96 %4.95 %20.94 %34.98 %
Rank within sector34 / 5414 / 5315 / 5322 / 5120 / 41
Quartile th3 rd2 nd2 nd2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund5.49 %1.91 %10.5 %13.57 %7.92 %
Sector4.26 %5.04 %5.39 %10.75 %4.69 %
Rank within sector18 / 5331 / 5212 / 5127 / 4615 / 42
Quartile th2 nd3 rd1 st3 rd2 nd

Risk statistics

Alpha7.35
Beta-0
Sharpe1.04
Volatility3.62
Tracking error6.77
Information ratio-0.09
R-Squared-

Price movement

52 week high80.22
52 week low73.53
Current bid price80.11
Current offer price84.22
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

-