Unit Trust (UK UCITS compliant)

Legal & General European Equity Income Fund

Important note: Effective 17th March 2022 changes were made to the objective and policy of the Fund. For further information please contact the Manager, Monday to Friday between 9.00am to 5.00pm on 0370 050 0955 or by email at [email protected].

Fund facts

Fund size
£266.3m
Base currency
GBP
Launch date
12 Dec 2017
Domicile
UK
Share class launch

Statistics

Historical yield
3.7%

As at 31 Dec 2022

Fund aim

The objective of the Fund is to provide income in excess of the income generated by the FTSE World Europe ex-UK TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth in the long term (at least five years). Please note, invested capital is at risk and there is no guarantee that the above will be attained over any time period.

Benchmark

FTSE Cus W Europe xUK Mid (12:00) Net (UK UCIT) TR

Sector

IA Europe (ex. UK)

  • What does it invest in? Invests at least 85% in the shares of companies in Europe, excluding the UK.
  • How does it invest? Actively managed, with holdings in between 35 and 70 companies on average over a typical market cycle of 3-5 years, which means the fund may be concentrated at times.

Further details

Costs

Price basis
Single swing
Initial charge
0.00%
Ongoing charges figure
0.80%
Dilution adjustment
0.25%- round trip

Codes

ISIN
GB00BF18C898
SEDOL
BF18C89
Bloomberg
LGEEIAG LN
MEX
LGNTC

Dealing information

Valuation frequencyDaily, 12pm (UK time)
Dealing frequencyDaily
Settlement periodT+4

Country registration

This share class is registered for sale in the following countries:

Fund updates

Performance

Source: Lipper

Performance for the C Acc unit class in GBP, launched on 19 December 2017. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the C Inc unit class in GBP, launched on 19 December 2017. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the I Acc unit class in GBP, launched on 19 December 2017. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the I Inc unit class in GBP, launched on 19 December 2017. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the L Acc unit class in GBP, launched on 19 December 2017. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the L Inc unit class in GBP, launched on 19 December 2017. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Dec 2022

    CumulativeFundBenchmark
    1 month1.810.37
    6 months8.6811.44
    Year to date0.21-6.69
    3 years22.3017.79
    5 years22.6428.51
    Since launch21.66-
    AnnualisedFundBenchmark
    1 year0.21-6.69
    3 years6.935.60
    5 years4.165.14
    Since launch3.97-

    As at 31 Dec 2022

    CumulativeFundBenchmark
    Quarterly15.0314.70
    Year to date0.21-6.69
    3 years22.3017.79
    5 years22.6428.51
    Since launch21.66-
    AnnualisedFundBenchmark
    1 year0.21-6.69
    3 years6.935.60
    5 years4.165.14
    Since launch3.97-
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    FundBenchmark
    2013--
    2014--
    2015--
    2016--
    2017--
    2018-12.70-10.06
    201914.8721.30
    20206.398.76
    202114.7016.07
    20220.21-6.69

    Calendar year performance (%)

    FundBenchmark
    2013--
    2014--
    2015--
    2016--
    2017--
    2018-12.70-10.06
    201914.8721.30
    20206.398.76
    202114.7016.07
    20220.21-6.69

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund0.216.934.163.97
    Benchmark-6.695.605.14-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund0.216.934.163.97
    Benchmark-6.695.605.14-

    Portfolio

    As at 31 Dec 2022. All data source LGIM unless otherwise stated. Totals may not sum due to rounding. The figures shown for market capitalisation (the total share value of a company) may not be comparable between funds as they can be measured and classed in different ways.

    Sector (%)

    Financials19.3
    Health Care16.9
    Industrials16.6
    Consumer Staples11.0
    Consumer Discretionary8.0
    Energy7.3
    Telecommunications6.8
    Basic Materials6.0
    Technology4.2
    Unclassified2.2
    Utilities1.8

    Market capitalisation (%)

    Large87.9
    Mid11.8
    Small-
    Micro-
    Cash and Equivalents0.3
    Top 10 holdings32.9
    Rest of portfolio67.2
    No. of holdings54

    Top 10 holdings (%)

    Sap4.2
    Siemens Ag4.2
    Novo-Nordisk B3.9
    Roche Hldgs (Genus)3.7
    Sanofi3.2
    Axa3.0
    Ubs Group Ag3.0
    Eni2.7
    Publicis Groupe2.5
    Ing Group Cva2.5

    Country (%)

    France27.4
    Germany23.5
    Switzerland13.5
    Sweden9.4
    Netherlands6.7
    Denmark5.6
    Norway3.9
    Portugal3.3
    Italy2.7
    Other4.1

    Top stock over/underweights (%)

    FundRelative
    Siemens Ag4.22.7
    Sap4.22.6
    Publicis Groupe2.52.3
    Axa3.02.3
    Eni2.72.2
    Totalenergies Se0.0-2.1
    Nestle2.1-2.3
    Lvmh0.0-2.6
    Novartis (Regd)0.0-2.6
    Asml Holding0.0-3.1

    Fund Managers

    Andrew joined LGIM in August 2014 and is a Fund Manager in the Global Income team. He joined from the in-house pension scheme at BAE Systems, where he was head of the European equities team, and a member of the asset allocation committee. Previously, he managed European equities for institutional and retail funds at Henderson Global Investors and HSBC Asset Management. He started his career at Phillips & Drew in 1992, where he spent 10 years investing in UK, European and Japanese Equities. He has an MA in PPE from New College, Oxford. Andrew is a CFA charterholder (since 1998) and an ASIP.

    David joined LGIM in 2019 and is a portfolio manager focusing on UK and European value equities. David read physics at Worcester College, Oxford and holds a Master’s in Finance from London Business School. He is a CFA charter holder.

    AndrewKoch

    DavidJackson

    Literature

    Income

    Latest dividends

    The latest dividends are shown below. The historic level of income generated by this fund may go down as well up and will vary over time.

    of

    Dividend history

    Total dividends paid in each financial year of the fund.

    Prices

    Name
    I GBP Acc
    Price
    66.60p
    Change (%)
    0.59
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Price
    56.72p
    Change (%)
    0.59
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    C GBP Acc
    Price
    67.29p
    Change (%)
    0.58
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    C GBP Inc
    Price
    57.27p
    Change (%)
    0.6
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    L GBP Acc
    Price
    69.19p
    Change (%)
    0.58
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    L GBP Inc
    Price
    58.87p
    Change (%)
    0.58
    Currency
    GBP
    Price time
    12:00 UK time

    A single swing price is displayed from 1st December 2020. Prior to this date, Bid and Offer prices are displayed for those funds that were previously dual priced.

    For valuations and account queries contact:

    Legal & General (Unit Trust Managers) Limited
    PO Box 6080
    Wolverhampton
    WV1 9RB
    Tel : 0370 050 0955
    Email: [email protected]

    Legal & General ICAV
    LGIM Liquidity Funds Plc

    Northern Trust International Fund Administration Services (Ireland) Limited
    City East Plaza - Block A
    Towlerton
    Ballysimon Road
    Limerick
    Ireland
    V94 X2N9
    Fax: +353 1 434 5293
    Telephone: +353 1 434 5080
    Email: [email protected]

    Legal & General SICAV
    Northern Trust Global Services SE
    10 Rue du Château d'Eau
    L-3364 Leudelange
    Grand-Duché de Luxembourg
    Facsimile: +352 28 294 454
    Telephone: +352 28 294 123
    Email: [email protected]

    Key risks

    The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.

    Past performance is no guarantee of future results.

    The return from this fund is dependent on relatively few individual investments. This means that a fall in the value of an individual investment can have a major impact on the overall performance of the fund.

    The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.

    Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains.

    The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.

    We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.

    Important information

    This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.

    No investment decisions should be made without first reviewing the key investor information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.

    Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.

    This information is only directed at investors resident in jurisdictions where each fund is registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.

    All information detailed on this website is current at the time of publication and may be changed in the future.

    Source and third party data

    Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.

    Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data

    Issuer

    Issued by Legal & General Investment Management Limited as promoter and distributor for this fund in the UK.

    Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.

    Index disclaimer

    Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2022. FTSE Russell is a trading name of certain of the LSE Group companies. “FTSE®” is a trade mark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.