Unit Trust (UK UCITS compliant)

Legal & General UK Equity Income Fund

Given current market events we have now populated Fund Centre with Fund exposures to assets with “country of risk*” as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. Please see the exposures below for further information.

*Sourced from Bloomberg

Important note: Effective from 17th March 2022 changes were made to the objective and policy of the Fund. For further information please contact the Manager, Monday to Friday between 8.30am to 5.30pm on 0370 050 0634 or by email at [email protected].

Fund facts

Fund size
£233.3m
Base currency
GBP
Launch date
31 Mar 2011
Domicile
UK
Share class launch

Statistics

Historical yield
4.5%

As at 31 May 2022

Fund aim

The objective of the Fund is to provide income in excess of the income generated by the FTSE All Share TR Net Index, the “Benchmark Index, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years). Please note, invested capital is at risk and there is no guarantee that the above will be attained over any time period.

Benchmark

FTSE All Share TR Net Index

  • What does it invest in? Invests at least 80% in the shares of UK companies.
  • How does it invest? Actively managed, with holdings in between 40 and 60 companies on average over a typical market cycle of 3-5 years.

Russia exposure

23 Feb 2022
0.00%
29 Apr 2022
0.00%

Ukraine exposure

23 Feb 2022
0.00%
29 Apr 2022
0.00%

As at 29 Apr 2022

These numbers give indicative Fund exposures to assets with “country of risk” sourced from Bloomberg as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. The figures are based on early price estimated data so may differ from the fully verified month end NAV exposure. Where the holding is “indirect” (for example held in a sub-fund), best efforts have been made to ensure that exposure to the sub-fund(s) is on a consistent basis. As at dates have been chosen to reflect exposure both before and after the significant recent falls in values of impacted assets.

Exposures are presented to two decimal places, exposures may be rounded to 0 if less than 0.05%.

These exposures do not give an indication of the relative exposures versus the benchmark. With regard to index-based strategies, LGIM has a duty to track the relevant index to ensure clients receive exposure as set out in the relevant investment objective. Following the imposition of sanctions and assets being removed from indices the market was 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 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.

Fund updates

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 May 2022

    CumulativeFundBenchmark
    1 month3.330.69
    6 months13.316.22
    Year to date8.471.48
    3 years17.8418.29
    5 years8.9021.92
    Since launch88.76-
    AnnualisedFundBenchmark
    1 year10.528.23
    3 years5.625.75
    5 years1.724.04
    Since launch5.85-

    As at 31 Mar 2022

    CumulativeFundBenchmark
    Quarterly5.050.48
    Year to date5.050.48
    3 years10.6916.65
    5 years10.2925.52
    Since launch82.80-
    AnnualisedFundBenchmark
    1 year10.3912.98
    3 years3.445.26
    5 years1.984.65
    Since launch5.63-
    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
    Fund-1.921.59-26.9337.2510.39
    Benchmark1.216.31-18.4926.6712.98

    Calendar year performance (%)

    2017 2018 2019 2020 2021
    Fund10.71-16.0521.23-14.8514.55
    Benchmark13.06-9.5119.11-9.8518.27

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund10.525.621.725.85
    Benchmark8.235.754.04-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund10.393.441.985.63
    Benchmark12.985.264.65-

    Performance for the 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.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 18 April 2013. 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 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 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 31 March 2011. 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 31 March 2011. 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 L Inc unit class in GBP, launched on 31 March 2011. 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 31 March 2011. 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 31 March 2011. 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 May 2022. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Market capitalisation (%)

    Large83.5
    Mid14.0
    Small0.3
    Micro-
    Cash and Equivalents2.2
    Top 10 holdings38.1
    Rest of portfolio62.0
    No. of holdings46

    Top 10 holdings (%)

    BP 5.9
    Shell5.4
    BAE Systems3.7
    Rio Tinto3.6
    GSK3.5
    AstraZeneca3.3
    Standard Chartered3.3
    British American Tobacco3.2
    Unilever3.2
    Barclays3.1

    Country (%)

    United Kingdom100.0

    Top sector over/underweights (%)

    FundRelative
    Telecommunications5.83.6
    Unclassified2.72.7
    Consumer Discretionary13.22.5
    Energy12.31.0
    Real Estate4.11.0
    Technology0.0-1.3
    Utilities2.2-1.4
    Consumer Staples13.5-1.7
    Basic Materials6.4-2.3
    Health Care6.8-4.6

    Top stock over/underweights (%)

    FundRelative
    BAE Systems3.72.7
    Standard Chartered3.32.6
    BP5.92.5
    BHP Group Ltd2.42.4
    BT Group2.92.3
    Shell5.4-2.2
    Glencore0.0-2.8
    AstraZeneca3.3-3.4
    Diageo0.0-3.5
    HSBC Holdings0.7-3.8

    Fund Manager

    Andrew joined LGIM in August 2014 and is a Fund Manager in the Global Income team. He joined from the in-house pension scheme at BAE Systems, where he was head of the European equities team, and a member of the asset allocation committee. Previously, he managed European equities for institutional and retail funds at Henderson Global Investors and HSBC Asset Management. He started his career at Phillips & Drew in 1992, where he spent 10 years investing in UK, European and Japanese Equities. He has an MA in PPE from New College, Oxford. Andrew is a CFA charterholder (since 1998) and an ASIP.

    AndrewKoch

    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
    88.40p
    Change (%)
    -0.37
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Price
    54.99p
    Change (%)
    -0.36
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Acc
    Price
    80.81p
    Change (%)
    -0.37
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Inc
    Price
    50.26p
    Change (%)
    -0.36
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Acc
    Price
    85.11p
    Change (%)
    -0.36
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Inc
    Price
    52.91p
    Change (%)
    -0.38
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    C GBP Acc
    Price
    52.76p
    Change (%)
    -0.36
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    C GBP Inc
    Price
    43.51p
    Change (%)
    -0.37
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    L GBP Acc
    Price
    52.81p
    Change (%)
    -0.36
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    L GBP Inc
    Price
    59.78p
    Change (%)
    -0.37
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    -
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    1330.60p
    Change (%)
    -
    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
    0.78%
    Dilution adjustment
    0.70%- round trip

    Codes

    ISIN
    GB00B6HBD759
    SEDOL
    B6HBD75
    Bloomberg
    LGUEIIA
    MEX
    LGAACR

    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]

    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 impact to the fund can be greater where derivatives are used in an extensive or complex way.

    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.

    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.

    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.