Unit Trust (UK UCITS compliant)

Legal & General Global Real Estate Dividend Index Fund

ISIN

Please note that effective from 20 December 2022, changes are being 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
£950.8m
Base currency
GBP
Launch date
25 Jan 2016
Domicile
UK
Share class launch

Statistics

As at 31 Oct 2022

Fund aim

The objective of the fund is to provide a combination of income and growth by tracking the performance of the FTSE EPRA Nareit Developed Dividend Plus Index (the “Index”). This objective is after the deduction of charges and taxation.

Benchmark

FTSE Cus EPRA Nareit Dev Div + 3pm (15:00 UK) TR

  • What does it invest in? Invests in shares of property companies whose main business is to invest in and manage properties throughout the developed world.
  • How does it invest? Passively managed, aiming to replicate the performance of the Index.

Further details

Costs

Dilution adjustment
0.264%- round trip

Codes

Dealing information

Valuation frequencyDaily, 3pm (UK time)
Dealing frequencyDaily
Settlement periodT+4

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Oct 2022

    CumulativeFund
    6 Months-
    Year to date-
    3 years-
    5 years-
    AnnualisedFund
    1 year-
    3 years-
    5 years-

    As at 30 Sep 2022

    CumulativeFund
    6 Months-
    Year to date-
    3 years-
    5 years-
    AnnualisedFund
    1 year-
    3 years-
    5 years-
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 September 2018 2019 2020 2021 2022
    Benchmark-----

    Calendar year performance (%)

    2017 2018 2019 2020 2021
    Benchmark-----

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 years
    Fund---

    Annualised performance (%)

    1 year3 years5 years
    Fund---

    Performance for the C Acc unit class in GBP, launched on 25 January 2016. 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 guide to the future.

    Performance for the C Inc unit class in GBP, launched on 25 January 2016. 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 guide to the future.

    Performance for the I Acc unit class in GBP, launched on 25 January 2016. 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 guide to the future.

    Performance for the I Inc unit class in GBP, launched on 25 January 2016. 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 guide to the future.

    Performance for the L Acc unit class in GBP, launched on 25 January 2016. 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 guide to the future.

    Performance for the L Inc unit class in GBP, launched on 25 January 2016. 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 guide to the future.

    Portfolio

    As at 31 Oct 2022. All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index. 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 (%)

    Real Estate99.2
    Consumer Discretionary0.8
    Other0.0

    Market capitalisation (%)

    Large30.9
    Mid38.2
    Small30.9
    Undefined-
    Top 10 holdings27.4
    Rest of portfolio72.6
    No. of holdings in fund363
    No. of holdings in index363

    Top 10 holdings (%)

    Prologis7.3
    Public Storage3.5
    Realty Income2.7
    Simon Property Group2.5
    Vici Properties2.2
    Welltower2.0
    Digital Realty Trust2.0
    Avalonbay Communities1.8
    Extra Space Storage1.7
    Alexandria Real Estate Equities1.7

    Country (%)

    United States62.3
    Japan10.7
    Hong Kong4.4
    United Kingdom4.2
    Australia3.8
    Singapore3.6
    Canada2.9
    Germany2.0
    Switzerland1.1
    Other5.0

    Management Team

    The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.

    LGIMIndex Fund Management Team

    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
    73.94p
    Change (%)
    -0.12
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    I GBP Inc
    Price
    60.76p
    Change (%)
    -0.12
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Acc
    Price
    74.18p
    Change (%)
    -0.12
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Inc
    Price
    60.98p
    Change (%)
    -0.11
    Currency
    GBP
    Price time
    15:00 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.

    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.

    Most of the fund holds investments from a particular market sector, that of property company shares and REITs. Funds like this can be more volatile than funds that invest across many market sectors. This is because the value of the fund can go up and down more often and by larger amounts than funds that are spread more widely, especially in the short term.

    The fund invests in property companies and REITs. These investments tend to be more volatile than investing directly in property because they can go up and down in value more often and by larger amounts, especially in the short term. These risks may increase with market uncertainty and it could become even less easy for your fund to buy and sell investments. If this happens, the value of your fund may fall and in extreme circumstances this may also force a delay in buying and selling your investment in the fund, which may mean you have to wait for your money to be invested or returned. The fund 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.

    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.