Unit Trust (UK UCITS compliant)

Legal & General Future World Sustainable European Equity Focus Fund

Important note: Effective from 15 February 2022, the Fund name has changed to the Legal & General Future World Sustainable European Equity Focus Fund. Other changes have also been made to the objective and policy of the Fund. For further information please contact the Manager, Monday to Friday between 8.30am to 5.00pm on 0370 050 0955 or by email at [email protected].

Fund facts

Fund size
£110.7m
Base currency
GBP
Launch date
9 Sep 1985
Domicile
UK
Share class launch

Statistics

Historical yield
0.0%

As at 30 Apr 2022

Fund aim

The objective of the Fund is to provide growth in excess of the FTSE World Europe ex UK TR Net Index, (the “Benchmark Index”). The Fund aims to outperform the Benchmark Index by 4% per annum before the deduction of charges and measured over rolling three year periods.

Benchmark

FTSE World Europe ex UK TR Net Index

  • What does it invest in? Invests at least 90% in shares of European companies, excluding the UK.
  • How does it invest? Actively managed, with holdings in between 20 and 50 companies on average over a typical market cycle of 3-5 years, which means the fund may be concentrated at times.

Fund updates

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Apr 2022

    CumulativeFundBenchmark
    1 month-5.96-1.96
    6 months-24.07-7.27
    Year to date-19.97-9.04
    3 years13.8122.10
    5 years16.8632.29
    Since launch--
    AnnualisedFundBenchmark
    1 year-25.06-0.61
    3 years4.406.88
    5 years3.165.75
    Since launch--

    As at 31 Mar 2022

    CumulativeFundBenchmark
    Quarterly-14.90-7.22
    Year to date-14.90-7.22
    3 years29.0829.31
    5 years26.5736.04
    Since launch--
    AnnualisedFundBenchmark
    1 year-16.895.75
    3 years8.878.94
    5 years4.826.35
    Since launch--
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 31 March 2018 2019 2020 2021 2022
    Fund10.18-11.01-2.9960.10-16.89
    Benchmark3.451.70-8.7333.985.75

    Calendar year performance (%)

    2017 2018 2019 2020 2021
    Fund17.23-18.9220.6446.69-8.13
    Benchmark16.57-10.2019.417.8916.58

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-25.064.403.16-
    Benchmark-0.616.885.75-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-16.898.874.82-
    Benchmark5.758.946.35-

    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 guide to the future.

    Performance for the C Inc 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 guide to the future.

    Performance for the E Acc unit class in GBP, launched on 31 October 2000. 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 E Inc unit class in GBP, launched on 09 September 1985. 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 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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    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 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.

    Past performance is not a guide to the future.

    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 guide to the future.

    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 guide to the future.

    Portfolio

    As at 30 Apr 2022. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Sector (%)

    Unclassified22.0
    Industrials20.7
    Consumer Discretionary16.4
    Technology14.2
    Health Care11.4
    Energy6.1
    Basic Materials3.3
    Telecommunications3.3
    Consumer Staples2.7

    Market capitalisation (%)

    Large64.0
    Mid20.4
    Small11.7
    Micro-
    Cash and Equivalents3.9
    Top 10 holdings37.0
    Rest of portfolio63.0
    No. of holdings39

    Top 10 holdings (%)

    ASML5.3
    Essilorluxottica3.9
    Teleperformance3.8
    Mercedes-Benz Group3.7
    Schneider Electric3.5
    Varta3.4
    Lotus Bakeries3.4
    Novo Nordisk3.3
    Neste Oyj3.3
    NX Filtration3.3

    Country (%)

    Netherlands23.1
    Germany20.6
    France13.7
    Switzerland8.1
    Belgium7.7
    Denmark6.1
    Spain6.0
    Italy4.8
    Finland3.3
    Other6.6

    Top stock over/underweights (%)

    FundRelative
    Teleperformance3.83.5
    Lotus Bakeries3.43.4
    Varta3.43.4
    NX Filtration3.33.3
    Essilorluxottica3.93.3
    Totalenergies Se0.0-1.6
    LVMH0.0-2.2
    Novartis0.0-2.5
    Roche Hldgs (Genus)0.0-3.5
    Nestle0.0-4.8

    Fund Manager

    Gavin joined LGIM in 2007 and is a Fund Manager for the European ex UK portfolios. He has managed the Future World Sustainable European Equity Focus Fund since January 2010. Previously, he was a Global Equities Analyst at BlueBay Asset Management. Gavin spent the majority of his buy-side career as a Portfolio Manager with UBS O’Connor. Prior, he was a top-rated, sell-side analyst covering the Autos, Capital Goods and Conglomerates sectors at investment banks including SG Warburg and Goldman Sachs. Gavin holds a degree in Philosophy and Economics from University College, London.

    GavinLaunder

    Literature

    ESG reports

    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
    501.90p
    Change (%)
    0.26
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Price
    434.80p
    Change (%)
    0.25
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Acc
    Price
    462.90p
    Change (%)
    0.26
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Inc
    Price
    420.30p
    Change (%)
    0.26
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Acc
    Price
    485.90p
    Change (%)
    0.27
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    C GBP Acc
    Price
    48.68p
    Change (%)
    0.25
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    C GBP Inc
    Price
    47.90p
    Change (%)
    0.25
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    L GBP Acc
    Price
    53.57p
    Change (%)
    0.26
    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
    0.81%
    Dilution adjustment
    0.24%- round trip

    Codes

    ISIN
    GB00B7J5FY33
    SEDOL
    B7J5FY3
    Bloomberg
    LGEUTIA LN
    MEX
    LGEUTR

    Dealing information

    Valuation frequencyDaily, 12pm (UK time)
    Dealing frequencyDaily
    Settlement periodT+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]rs.com

    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 return from this fund is dependent on relatively few individual investments. This means that a fall in the value of an individual investment can have a major impact on the overall performance of the fund.

    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.

    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.

    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.