Legal & General Pension BNY Mellon UK Income Fund

L&G PMC BNY Mellon UK Income Fund G17

Fund code

Fund facts

Fund size
£26.4m
Base currency
GBP
Launch date
Nov 2018
Domicile
United Kingdom

As at 29 Feb 2024

Fund aim

Benchmark

ABI Sector

UK Equity Income

Charges

Investment management charge
Additional expenses0.15%
Fund management charge0.15%

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 29 Feb 2024

    CumulativeFundBenchmark
    3 years40.1825.21
    5 years47.0927.74
    AnnualisedBenchmark
    1 year0.310.57
    3 years11.917.78
    5 years8.015.01
    Since launch--

    As at 31 Dec 2023

    CumulativeFundBenchmark
    3 years43.0528.12
    5 years59.1537.69
    AnnualisedBenchmark
    1 year10.857.92
    3 years12.688.61
    5 years9.736.60
    Since launch--
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    FundBenchmark
    20145.961.18
    20157.630.98
    201610.1816.75
    201711.3113.10
    2018-5.92-9.47
    201921.1819.17
    2020-8.19-9.82
    202117.1718.32
    202210.150.34
    202310.857.92

    Calendar year performance (%)

    Benchmark
    20145.961.18
    20157.630.98
    201610.1816.75
    201711.3113.10
    2018-5.92-9.47
    201921.1819.17
    2020-8.19-9.82
    202117.1718.32
    202210.150.34
    202310.857.92

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    0.3111.918.01-
    Benchmark0.577.785.01-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    10.8512.689.73-
    Benchmark7.928.616.60-

    Performance for the unit class in GBP, launched on 03 April 2001. Source: Lipper. The fund performance does not take into account of any product charges or External Funds Annual Management Charge (EFAMC).

    Past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down.

    Performance for the unit class in GBP, launched on 28 November 2018. Source: Lipper. The fund performance does not take into account of any product charges or External Funds Annual Management Charge (EFAMC).

    Past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down.

    Portfolio

    As at 29 Feb 2024. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Currency (%)

    GBP81.4
    EUR16.0
    HKD1.6
    CHF1.0
    Other0.0

    Sector (%)

    Financials24.4
    Industrials19.4
    Energy15.6
    Consumer Discretionary11.1
    Basic Materials10.1
    Health Care8.7
    Consumer Staples5.9
    Real Estate4.4
    Cash0.4

    Region (%)

    UK79.4
    Europe ex UK18.6
    Asia Pacific1.6
    Cash0.4
    Top 10 holdings45.8
    Rest of portfolio54.2

    Top 10 holdings (%)

    Shell Plc9.1
    Barclays PLC6.1
    GSK PLC5.7
    Lloyds Banking Group PLC4.4
    BP PLC4.2
    Glencore plc3.9
    Standard Chartered PLC3.4
    Unilever PLC3.1
    Sanofi3.0
    Land Securities Group PLC2.9

    Fund Managers

    Tim Lucas

    Tim is a portfolio manager on the UK equities team. Tim joined Newton in 2004, and prior to joining the UK equities team, was a global research analyst specialising in the support services and leisure sectors. Prior to joining Newton, Tim worked as an equity analyst at Insight Investment, covering the chemicals and support services sectors.

    Tim has a Master of Chemistry degree from the University of Oxford and is a CFA1 charterholder.

    David Cumming

    David Cumming joined Newton as Head of UK Equities in March 2022. David manages the BNY Mellon UK Income Fund with Tim Lucas, and heads up the UK equity investment team, working with Louise Kernohan and Georgina Cooper who run the UK Equity and Sustainable UK Opportunities strategies. David has been an active UK equity manager for more than 35 years. He was most recently Chief Investment Officer of Equities at Aviva Investors. Before that, he was Head of Equities at Standard Life Investments, and prior to that was a portfolio manager at Morgan Grenfell, Manufacturers Life and Edinburgh Fund Managers, having begun his career as an investment analyst at Royal London Mutual. He has an MA (Hons) in Economics and Accounting.

    Prices

    Name
    GBP
    Price
    622.90p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    1639.09p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time

    Important Information

    The fund performance provided is: 

    • after all fund charges have been taken, but doesn't include any other product charges. Please see your product literature for more information on charges.
    • assuming all income generated by the investments remains within the fund

    Please bear in mind that past performance is not a guide to future returns. The value of an investment and any income taken from it is not guaranteed and may go down as well as up. You could get back less than you invest.

    Performance data source: Lipper. 

    Index disclaimer

    Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). ©LSE Group 2024. 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.

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