Unit Trust (UK UCITS compliant)

Legal & General UK Mid Cap Index Fund

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
£465.0m
Base currency
GBP
Launch date
18 Jan 2017
Domicile
UK
Share class launch

Statistics

Historical yield
2.3%

As at 31 Oct 2022

Fund aim

The objective of the Fund is to provide growth by tracking the capital performance of the FTSE 250 ex. Investment Trusts Index (the “Index”). This objective is after the deduction of charges and taxation.

Benchmark

FTSE 250 ex. Investment Trusts Index

  • What does it invest in? Invests in shares of medium-sized UK companies across a wide range of industry sectors, as represented by the Index.
  • How does it invest? Passively managed, aiming to replicate the performance of the Index.

Further details

Costs

Price basis
Single swing
Initial charge
0.00%
Ongoing charges figure
0.52%
Dilution adjustment
0.92%- round trip

Codes

ISIN
GB00BF4NF936
SEDOL
BF4NF93
Bloomberg
LGUMCRA LN
MEX
LGJOAO

Dealing information

Valuation frequencyDaily, 12pm (UK time)
Dealing frequencyDaily
Settlement periodT+4

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Oct 2022

    CumulativeFundBenchmark
    1 month7.236.71
    6 months-13.39-13.81
    Year to date-23.32-23.63
    3 years-8.93-8.64
    5 years--
    Since launch-11.90-10.76
    AnnualisedFundBenchmark
    1 year-22.17-22.41
    3 years-3.07-2.97
    5 years--
    Since launch-2.83-2.54

    As at 30 Sep 2022

    CumulativeFundBenchmark
    Quarterly-9.28-9.30
    Year to date-28.49-28.43
    3 years-14.13-13.33
    5 years--
    Since launch-17.84-16.37
    AnnualisedFundBenchmark
    1 year-27.77-27.63
    3 years-4.95-4.65
    5 years--
    Since launch-4.43-4.04
    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
    Fund--1.03-15.0739.97-27.77
    Benchmark-0.22-15.8342.27-27.63

    Calendar year performance (%)

    2017 2018 2019 2020 2021
    Fund--29.93-9.1217.44
    Benchmark--30.93-8.3318.10

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-22.17-3.07--2.83
    Benchmark-22.41-2.97--2.54

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-27.77-4.95--4.43
    Benchmark-27.63-4.65--4.04

    Performance for the C Acc unit class in GBP, launched on 18 January 2017. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the C Inc unit class in GBP, launched on 18 January 2017. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the I Acc unit class in GBP, launched on 18 January 2017. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the I Inc unit class in GBP, launched on 18 January 2017. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the L Inc unit class in GBP, launched on 18 January 2017. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the R Acc unit class in GBP, launched on 01 June 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the R Inc unit class in GBP, launched on 01 June 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    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.

    Sector (%)

    Industrials23.1
    Financials20.0
    Consumer Discretionary19.1
    Real Estate12.9
    Technology5.2
    Consumer Staples4.8
    Basic Materials4.2
    Health Care3.9
    Energy2.6
    Other4.3
    Top 10 holdings15.1
    Rest of portfolio84.9
    No. of holdings in fund174
    No. of holdings in index174

    Top 10 holdings (%)

    Weir Group1.8
    Beazley1.7
    Johnson Matthey1.6
    Abrdn1.6
    Spectris1.5
    Imi1.4
    IG Group Holdings1.4
    Hiscox1.4
    Diploma Plc1.4
    Investec1.3

    Country (%)

    United Kingdom100.0

    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
    R GBP Acc
    Price
    47.99p
    Change (%)
    -0.66
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Inc
    Price
    43.69p
    Change (%)
    -0.66
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Acc
    Price
    58.34p
    Change (%)
    -0.66
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Price
    50.35p
    Change (%)
    -0.67
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    C GBP Acc
    Price
    58.53p
    Change (%)
    -0.66
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    C GBP Inc
    Price
    50.36p
    Change (%)
    -0.67
    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.

    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 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.

    Index disclaimer

    Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2022. 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.