As at 31 May 2022
| Valuation frequency | Daily, 12pm (UK time) |
| Dealing frequency | Daily |
| Settlement period | T+4 |
Source: Lipper
As at 31 May 2022
| Cumulative | Fund | Benchmark |
| 1 month | 0.98 | 0.64 |
| 6 months | 11.34 | 6.52 |
| Year to date | 6.13 | 4.55 |
| 3 years | 24.41 | 4.96 |
| 5 years | 37.89 | 13.85 |
| Since launch | 101.55 | - |
| Annualised | Fund | Benchmark |
| 1 year | 19.01 | - |
| 3 years | 7.55 | 1.63 |
| 5 years | 6.63 | 2.63 |
| Since launch | 4.40 | - |
As at 31 Mar 2022
| Cumulative | Fund | Benchmark |
| Quarterly | 4.27 | 2.47 |
| Year to date | 4.27 | 2.47 |
| 3 years | 22.28 | 3.05 |
| 5 years | 37.59 | 12.84 |
| Since launch | 98.03 | - |
| Annualised | Fund | Benchmark |
| 1 year | 18.98 | 10.26 |
| 3 years | 6.93 | 1.01 |
| 5 years | 6.59 | 2.44 |
| Since launch | 4.34 | - |
| 12 months to 31 March | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Fund | 7.92 | 4.26 | -0.19 | 2.98 | 18.98 |
| Benchmark | 6.73 | 2.60 | -2.68 | -3.97 | 10.41 |
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Fund | 8.16 | 4.01 | 2.54 | -1.62 | 17.55 |
| Benchmark | 7.54 | 3.25 | -0.59 | -5.29 | 7.32 |
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | 19.01 | 7.55 | 6.63 | 4.40 |
| Benchmark | - | 1.63 | 2.63 | - |
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | 18.98 | 6.93 | 6.59 | 4.34 |
| Benchmark | 10.26 | 1.01 | 2.44 | - |
Performance for the C Acc unit class in GBP, launched on 23 May 2014. 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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
Performance for the C Inc unit class in GBP, launched on 23 May 2014. 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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
Performance for the F Acc unit class in GBP, launched on 23 May 2014. 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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
Performance for the Feeder Acc unit class in GBP, launched on . 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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
Performance for the Feeder Inc unit class in GBP, launched on . 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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
Performance for the F Inc unit class in GBP, launched on 23 May 2014. 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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
Performance for the I Acc unit class in GBP, launched on 23 May 2014. 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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
Performance for the I Inc unit class in GBP, launched on 23 May 2014. 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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
Performance for the L Inc unit class in GBP, launched on 23 May 2014. 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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
Performance for the R Acc unit class in GBP, launched on 23 May 2014. 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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
Performance for the R Inc unit class in GBP, launched on 23 May 2014. 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. This fund was launched on 27 May 2014 following a restructure of the previous property unit trust. The performance shown combines the past performance of this fund with the performance of the equivalent class in the previous property unit trust. The IA Sector averages are inclusive of both PAIFs and Feeders in its calculation.
Past performance is not a guide to the future.
During the period following the EU referendum (June to September 2016) the manager applied fair value adjustments to the property values in the fund. The fair value adjustments marked down the value of the properties to reflect what the manager believed to be fair value of the properties until the valuation agent regained confidence in the property valuations.
As at 31 May 2022. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
| Direct Property Asset Value | 82.2 | |
| Cash | 12.1 | |
| Real Estate Investment Trusts | 4.0 | |
| Reserved Cash (Developments) | 1.7 |
| Industrial | 47.5 | |
| Out of Town Retail | 13.9 | |
| Office - Regional | 12.4 | |
| Office - London | 4.6 | |
| Leisure | 3.0 | |
| Retail High Street | 1.4 | |
| Other | 17.2 |
| South East | 26.8 | |
| West Midlands | 17.8 | |
| South West | 11.0 | |
| North West | 8.9 | |
| North East | 8.1 | |
| Sub London | 6.9 | |
| Yorkshire and Humberside | 6.7 | |
| Central London | 5.9 | |
| Scotland | 5.0 | |
| Other | 2.9 |
| No. of assets | 80 |
| No. of physical properties | 79 |
| Void rate ex. development | 8.9% |
| Average lease length | 6.7 years |
| Average lot size | £24.2m |
| Net initial yield | 3.9% |
| Lichfield - Fradley Park | 200-250 |
| Dunstable - Woodside Industrial Estate | 150-200 |
| Gateshead - Follingsby Park | 125-150 |
| Leeds - Birstall Shopping Park, Birstall | 80-90 |
| Exeter - Into Exeter | 70-80 |
| Hammersmith - The Aircraft Factory | 60-70 |
| One Canalside, Wharf Road, Chelmsford | 50-60 |
| Manchester - North Tower, Deansgate Square | 50-60 |
| Stansted - Hampton By Hilton | 40-50 |
| Dumbarton - St James Retail Park, Glasgow Road | 40-50 |
Michael Barrie is co-fund manager for the UK Property Fund and is also a Director of Legal & General Property Division. He joined Legal & General Property in 2005 from F&C Property Asset Management. Michael is a member of the Royal Institution of Chartered Surveyors and has a postgraduate diploma in property investment from Reading University.
Matt Jarvis joined Legal & General Property as an Asset Manager in November 2004 and is Co-Fund Manager of the UK Property Fund, having previously been a Commercial Valuer with Jones Lang LaSalle. Matt holds a degree in Land Management from Reading University and is a Member of the Royal Institution of Chartered Surveyors (MRICS).
MichaelBarrie
MattJarvis
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.
Total dividends paid in each financial year of the fund.
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 assets that may at times be hard to sell. This means that there may be occasions when you experience a delay or receive less than you might otherwise expect when selling your investment.
The fund manager runs a fund to meet its objective and you should expect a fund's investments to change over time. The fund's level of risk may also change in the future. At times it may be difficult for the fund to make investments or sell assets to meet investors’ requests to buy/sell shares. Where this occurs the fund may experience reduced investment performance for a period or have difficulty paying proceeds to investors who wish to sell shares. Property can be difficult to buy or sell. This could mean: cash builds up waiting to be invested, so the fund will underperform when property returns are greater than the interest earned; and/or property may have to be sold for less than expected. If an exceptional amount of withdrawals are requested, the fund manager may be forced to sell properties quickly. This could mean that properties are sold for less than expected which would reduce the value of your investment. In times of market uncertainty or if an exceptional amount of withdrawals are requested it may become less easy for your fund to sell properties 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. Rental growth is not guaranteed and unpaid rent could affect the performance of your investment. The value of property is generally a matter of valuer’s opinion rather than fact and the true value of a property may not be recognised until the property is sold. In certain circumstances we may not be able to obtain a valuer's opinion and will apply our own valuation. The fund will undertake development of properties where the full benefits of any increases in the value of the property or the income earned from it are not received until completion. While any development is taking place, the fund is at risk from delays, increased costs or not achieving the predicted improvement in increasing the value of the property or rent received.
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.