Fund facts
Fund size
£182.7m
Base currency
GBP
Launch date
9 Sep 1985
Domicile
UK
Share class launch
Statistics
As at 31 Aug 2023
Fund aim
The objective of this Fund is to provide growth above that of the Numis Smaller Companies ex-Investment Companies Index TR, the “Benchmark Index”. The Fund aims to outperform the Benchmark Index over rolling three year periods after the deduction of all fees and expenses.
Benchmark
Fund snapshot
- What does it invest in? Invests at least 70% in shares of UK companies which are within the smallest 10% when measured by market capitalisation.
- How does it invest? Actively managed, with holdings in between 50 and 100 companies on average over a typical market cycle of 3-5 years.
Performance
Source: Lipper
Performance for the C Acc unit class in GBP, launched on 28 February 2018. 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 E Acc unit class in GBP, launched on 24 December 2004. 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 E Inc unit class in GBP, launched on 24 December 2004. 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 F Acc unit class in GBP, launched on 20 December 2012. 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 F Inc unit class in GBP, launched on 20 December 2012. 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 17 August 2012. 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 17 August 2012. 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 25 April 2019. 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 R Acc unit class in GBP, launched on 24 December 2004. 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 R Inc unit class in GBP, launched on 24 December 2004. 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 unit class in GBP, launched on 25 October 1999. 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 unit class in GBP, launched on 26 October 2018. 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. The fund performance does not take into account of any product charges or External Funds Annual Management Charge (EFAMC).
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 unit class in GBP, launched on 26 October 2018. 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 unit class in GBP, launched on 25 October 1999. 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. The fund performance does not take into account of any product charges or External Funds Annual Management Charge (EFAMC).
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 (%)
Performance summary (%)
As at 31 Aug 2023
| Cumulative | Fund | Benchmark |
| 1 month | -1.33 | -2.57 |
| 6 months | -5.83 | -4.01 |
| Year to date | -0.98 | 3.01 |
| 3 years | 7.42 | 23.30 |
| 5 years | -7.39 | 6.20 |
| Since launch | - | - |
| Annualised | Fund | Benchmark |
| 1 year | -1.33 | 4.23 |
| 3 years | 2.41 | 7.23 |
| 5 years | -1.52 | 1.21 |
| Since launch | - | - |
As at 30 Jun 2023
| Cumulative | Fund | Benchmark |
| Quarterly | -1.17 | 0.14 |
| Year to date | -2.49 | 1.42 |
| 3 years | 12.34 | 29.54 |
| 5 years | -8.65 | 4.20 |
| Since launch | - | - |
| Annualised | Fund | Benchmark |
| 1 year | -1.61 | 4.43 |
| 3 years | 3.95 | 9.01 |
| 5 years | -1.79 | 0.83 |
| Since launch | - | - |
Rolling 12-month performance to last quarter end (%)
| 12 months to 30 June | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 21.20 | 15.10 | -9.54 | 23.15 | 12.86 | -11.98 | -7.62 | 46.51 | -22.07 | -1.61 |
| Benchmark | 20.29 | 10.35 | -6.58 | 29.11 | 7.64 | -5.36 | -15.00 | 49.77 | -17.18 | 4.43 |
Calendar year performance (%)
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 40.02 | -1.15 | 17.94 | -2.56 | 22.04 | -17.92 | 26.26 | -3.01 | 24.85 | -24.28 |
| Benchmark | 36.93 | -1.85 | 10.61 | 11.08 | 19.50 | -15.35 | 25.17 | -4.29 | 21.92 | -17.87 |
Monthly performance (%)
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -1.33 | 2.41 | -1.52 | - |
| Benchmark | 4.23 | 7.23 | 1.21 | - |
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -1.61 | 3.95 | -1.79 | - |
| Benchmark | 4.43 | 9.01 | 0.83 | - |
Portfolio
As at 31 Aug 2023. 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.
Market capitalisation (%)
| Large | 3.9 | |
| Mid | 73.2 | |
| Small | 19.8 | |
| Micro | 0.9 | |
| Cash and Equivalents | 2.2 |
Cash positions are held as collateral on futures
| Top 10 holdings | 27.9 | |
| Rest of portfolio | 72.1 |
| No. of holdings | 93 |
Top 10 holdings (%)
| CVS Group | 3.6 |
| Hill & Smith | 3.3 |
| Cranswick | 3.2 |
| Discoverie Group | 3.0 |
| Energean | 2.8 |
| Softcat | 2.7 |
| Safestore Hldgs | 2.5 |
| 4imprint Group | 2.4 |
| Senior | 2.3 |
| Spirent Comms | 2.2 |
Country (%)
| United Kingdom | 100.0 |
Fund Managers
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 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.
CamillaAyling
RobertWhite
Literature
Fact sheets
2023Change date
Legal documents
Reports and accounts
2023Change date
Long report - annual
18 Jun 2023Long report - annual
18 Jun 2022Long report - annual
18 Jun 2021Long report - annual
18 Jun 2020Long report - annual
18 Jun 2018Long report - annual
18 Jun 2017Short report - annual
18 Jun 2018Short report - annual
18 Jun 2017Long report - interim
18 Dec 2022Long report - interim
18 Dec 2021Long report - interim
18 Dec 2020Long report - interim
18 Dec 2019Long report - interim
18 Dec 2018Long report - interim
15 Dec 2017Short report - interim
18 Dec 2018Short report - interim
15 Dec 2017Income
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
Total dividends paid in each financial year of the fund.
Prices
Name
I GBP Acc
Price
1077.00p
Change (%)
0.75
Currency
GBP
Price time
12:00 UK time
Name
I GBP Inc
Price
836.80p
Change (%)
0.67
Currency
GBP
Price time
12:00 UK time
Name
R GBP Acc
Price
965.40p
Change (%)
0.67
Currency
GBP
Price time
12:00 UK time
Name
R GBP Inc
Price
815.00p
Change (%)
0.67
Currency
GBP
Price time
12:00 UK time
Name
F GBP Acc
Price
1039.00p
Change (%)
0.68
Currency
GBP
Price time
12:00 UK time
Name
C GBP Acc
Price
47.54p
Change (%)
0.68
Currency
GBP
Price time
12:00 UK time
Name
L GBP Acc
Price
51.25p
Change (%)
0.67
Currency
GBP
Price time
12:00 UK time
Name
GBP
Price
609.19p
Change (%)
-
Currency
GBP
Price time
12:00 UK time
Name
GBP
Price
566.97p
Change (%)
-
Currency
GBP
Price time
12:00 UK time
Name
GBP
Price
611.67p
Change (%)
-
Currency
GBP
Price time
12:00 UK time
Name
GBP
Price
570.60p
Change (%)
-
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.
Further details
Costs
Price basis
Single swing
Initial charge
0.00%
Ongoing charges figure
0.78%
Dilution adjustment
1.38%- round trip
Codes
ISIN
GB00B7LFF300
SEDOL
B7LFF30
Bloomberg
LGSMCIA LN
MEX
LGMALL
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:
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 fund invests in smaller companies. Investments in smaller companies tend to be riskier than investments in larger companies because they can: be harder to buy and sell; or go up and down in value more often and by larger amounts, especially in the short term. In times of market uncertainty or if an exceptional amount of withdrawals are requested it may become less easy for your fund to sell investments and the Manager may defer withdrawals, or suspend dealing. The Manager can only delay paying out if it is in the interests of all investors and with the permission of the fund trustee or depositary.
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.
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.
Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.
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.
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