Collectives

Unit Trust (UK UCITS compliant)

Legal & General Future World Sustainable UK Equity Focus Fund

I-Class GBP Accumulation

ISINGB00B28PVN01

Price

It’s a stock eat stock world

It’s survival of the fittest. A Growth Trust with a high conviction portfolio of just 25 stocks governed by a strict rule of thumb: one in, one out. Through extensive bottom-up fundamental analysis and the application of GARP style investing. Gavin Launder and his team analyse the growth potential of each of their 25 stocks to make sure they’re worthy of survival. If a stronger stock comes along, we wave goodbye to the weak performers. It’s cut-throat, but it’s effective and our track record proves it.

Reasons to invest

  • A high-conviction, growth fund consisting of 25, broadly equally weighted positions
  • Extensive bottom-up analysis assesses the long-term growth potential of each position
  • A ‘one in, one out’ approach to stock selection, focuses on only the highest conviction ideas and promotes a strong sell-discipline

The tech disruption has only just begun

Gavin Launder, Senior Fund Manager

Performance snapshot (%)

1 year3 years5 years
Return-2.42-25.70-3.71
Quartile rank444

Key Risk Warning

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.

Fund aim

The objective of the Fund is to provide growth in excess of the FTSE All Share TR Net Index, (the “Benchmark Index”). The Fund aims to outperform the Benchmark Index over rolling three year periods after the deduction of all fees and expenses.

Fund snapshot

  • What does it invest in? Invests at least 90% in the shares of UK companies that the manager believes have strong growth prospects.
  • How does it invest? Actively managed, with holdings in 25 companies on average over a typical market cycle of 3-5 years, which means the fund will be concentrated.

Fund facts

Fund size£138.3m
Base currencyGBP
Fund launch date1 Nov 2000
DomicileUK
Share class launch13 Nov 2007
As at 29 Feb 2024

Benchmark

FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Costs

Initial charge0.00%
Ongoing charges figure0.78%
Dilution adjustment0.68% - round trip

Performance

Performance for the I Acc unit class in GBP, launched on 13 November 2007. 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.
Share class launch date:13 Nov 2007
Benchmark:FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR
Share class launch date:13 Nov 2007
Benchmark:FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR
    Share class launch date:13 Nov 2007
    Benchmark:FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

    Portfolio breakdown

    As at 29 Feb 2024

    Top 10 holdings43.2%
    Rest of portfolio56.8%
    No. of holdings25

    Top 10 holdings (%)

    Ashtead Group4.5
    Intermed Cap Grp4.5
    Relx4.4
    Experian4.4
    Howden Joinery Gr4.3
    Coca-cola Hbc4.3
    Compass Group4.3
    Convatec Group4.2
    3i Group4.2
    Sage Group4.2

    Country (%)

    United Kingdom
    83.9
    United States
    4.4
    Italy
    4.3
    Ireland
    3.7
    Hong Kong
    3.7

    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.

    Fund managers

    Camilla Ayling headshot

    Camilla Ayling

    Camilla Ayling, Portfolio Manager, Active Strategies, joined LGIM in 2019 from Rathbones, having previously worked at Barclays. She has a BSc (Hons) degree in Economics, is a CFA charterholder and holds the PRI’s Foundations in Responsible Investments qualification and the CFA Certificate in ESG Investing.

    Robert White headshot

    Robert White

    Robert joined LGIM in 2018 as a Fund Manager for the UK Special Situations Trust. Prior to this Robert worked at Mirabaud Asset Management where he was an Assistant Fund Manager (2013 to 2018) on the UK Equities Core product. Before that he worked at PWC in their Transaction Services division. In total he has over 10 years experience working within financial services. He read Philosophy, Politics and Economics at Pembroke College, Oxford and is a member of the Institute of Chartered Accountants in England and Wales.

    Literature

    Prices

    Pricing information

    Price basisSingle swing
    Price time12:00 UK time
    CurrencyGBP
    Monthly price history
    Please note that a maximum of 10 years price history is available.

    Codes and dealing

    Codes

    ISINGB00B28PVN01
    SEDOLB28PVN0
    BloombergLGGROIA
    MEXLGGTAI

    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:

    United Kingdom