Legal & General Future World Sustainable UK Equity Focus Fund
Unit Trust (UK UCITS compliant)
Legal & General Future World Sustainable UK Equity Focus Fund
I-Class GBP Accumulation
ISINGB00B28PVN01
Price
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 year | 3 years | 5 years | |
---|---|---|---|
Return | -2.42 | -25.70 | -3.71 |
Quartile rank | 4 | 4 | 4 |
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 currency | GBP |
Fund launch date | 1 Nov 2000 |
Domicile | UK |
Share class launch | 13 Nov 2007 |
Benchmark
FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR
Costs
Initial charge | 0.00% |
Ongoing charges figure | 0.78% |
Dilution adjustment | 0.68% - round trip |
Performance
Portfolio breakdown
As at 29 Feb 2024
Top 10 holdings | 43.2% |
---|---|
Rest of portfolio | 56.8% |
No. of holdings | 25 |
---|
Top 10 holdings (%)
Ashtead Group | 4.5 |
Intermed Cap Grp | 4.5 |
Relx | 4.4 |
Experian | 4.4 |
Howden Joinery Gr | 4.3 |
Coca-cola Hbc | 4.3 |
Compass Group | 4.3 |
Convatec Group | 4.2 |
3i Group | 4.2 |
Sage Group | 4.2 |
Country (%)
United Kingdom | 83.9 |
United States | 4.4 |
Italy | 4.3 |
Ireland | 3.7 |
Hong Kong | 3.7 |
Top 10 holdings | 43.2% |
---|---|
Rest of portfolio | 56.8% |
No. of holdings | 25 |
---|
Top 10 holdings (%)
Ashtead Group | 4.5 |
Intermed Cap Grp | 4.5 |
Relx | 4.4 |
Experian | 4.4 |
Howden Joinery Gr | 4.3 |
Coca-cola Hbc | 4.3 |
Compass Group | 4.3 |
Convatec Group | 4.2 |
3i Group | 4.2 |
Sage Group | 4.2 |
Country (%)
United Kingdom | 83.9 |
United States | 4.4 |
Italy | 4.3 |
Ireland | 3.7 |
Hong Kong | 3.7 |
Market capitalisation (%)
Large | 74.0 |
Mid | 25.3 |
Cash and Equivalents | 0.7 |
Top 5 sector over/underweights (%)
Fund | Relative | ||
---|---|---|---|
Industrials | 28.9 | 16.5 | |
Consumer Discretionary | 20.4 | 7.6 | |
Real Estate | 7.4 | 4.9 | |
Technology | 4.2 | 2.7 | |
Telecommunications | 0.0 | -1.1 | |
Basic Materials | 3.9 | -2.6 | |
Utilities | 0.0 | -3.5 | |
Health Care | 7.3 | -3.9 | |
Financials | 16.4 | -7.2 | |
Energy | 0.0 | -10.8 |
Top stock over/underweights (%)
Fund | Relative | ||
---|---|---|---|
Intermed Cap Grp | 4.5 | 4.3 | |
Howden Joinery Gr | 4.3 | 4.1 | |
Coca-cola Hbc | 4.3 | 4.1 | |
Convatec Group | 4.2 | 4.0 | |
Diploma | 4.2 | 4.0 | |
BP | 0.0 | -3.4 | |
Unilever | 0.0 | -4.3 | |
HSBC Holdings | 0.0 | -5.3 | |
Astrazeneca | 0.0 | -6.5 | |
Shell | 0.0 | -7.1 |
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
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
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
Document type
Prices
Pricing information
Price basis | Single swing |
Price time | 12:00 UK time |
Currency | GBP |
Download full price history
Codes and dealing
Codes
ISIN | GB00B28PVN01 |
SEDOL | B28PVN0 |
Bloomberg | LGGROIA |
MEX | LGGTAI |
Dealing information
Valuation frequency | Daily, 12pm (UK time) |
Dealing frequency | Daily |
Settlement period | T+4 |
Country registration
This share class is registered for sale in the following countries: