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Contact details

ManagerGroupLogo
One Coleman Street, London, EC2R 5AA
0845 070 8684 (Broker Line)
0370 050 0955 (Customer Support)
0207 528 6838 (Fax Number)

fundsales@lgim.co.uk

Fund managers

* Richard Black01-Mar-2011 to Present
 
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Investment objectives

The objective of this fund is to provide a combination of income in excess of the return represented by the performance of the FTSE All-Share Index, and growth. The Index consists of a broad spread of UK company shares. The fund will typically invest between 80% and 100% in UK company shares, or in shares of overseas companies which have a significant part of their activities in the UK or whose shares are traded on UK stock markets. The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes: To help with efficient day to day management, To reduce some of the risks of the market, to enhance the performance of the fund. The fund may also invest in bonds (a type of loan which pays interest), cash, deposits, money market instruments or other authorised investment funds. Money market instruments are a type of security where cash can be deposited for short periods of time. The deposits and money market instruments will be repayable by the issuer within one year.

Key Information

Fund vs sector

  1y 3y
Position 79 / 93 51 / 89
Quartile 4 3

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 3 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 10.83 10.75
Alpha -2.60 -0.42
Beta 1.16 1.03
Sharpe 0.21 1.04
Info Ratio -0.54 -0.03
R2 0.94 0.90
Quartiles:   1  2  3  4   help with ratios
vs. UK Equity Income»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC -2.6+37.8n/a+25.4+12.7n/an/a
  UK EQUITY INCOME   +0.7+40.4+58.0+25.3+11.3-0.5+13.1
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf L&G UK EQUITY INCOME F INC INC 57.96 (p) 58.43 (p) 24-Oct-2014 4.20 1.18% NCG8 B56NXG4
pdf L&G UK EQUITY INCOME F ACC ACC 66.19 (p) 66.74 (p) 24-Oct-2014 4.10 1.18% NCG9 B58NZK0
pdf L&G UK EQUITY INCOME I INC INC 58.76 (p) 59.24 (p) 24-Oct-2014 4.20 0.79% NCH1 B56B1J7
pdf L&G UK EQUITY INCOME I ACC ACC 67.15 (p) 67.70 (p) 24-Oct-2014 4.10 0.79% NCH2 B6HBD75
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf L&G UK EQUITY INCOME R INC INC 57.05 (p) 60.40 (p) 24-Oct-2014 4.20 1.68% NCG6 B52YF65
pdf L&G UK EQUITY INCOME R ACC ACC 65.18 (p) 69.00 (p) 24-Oct-2014 4.10 1.68% NCG7 B5VZFY7

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£366.2m / $589.0m (30-Sep-14)
Savings plan Fund has Savings Plan  Launch31-Mar-2011
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initial£ 1,000,000
Minimum additional£ 20,000
Initial charge0.00%
Annual management charge0.75%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
Registrarn/a
Multi-Managern/a
Indexn/a
Dividend policyJan 24, Apr 24, Jul 24, Oct 24 (Final)
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK Equity Income
Largest holdings, 31-Aug-2014
Holding (%) Rank Fund factsheet Equity factsheet
ROCHE HLDG AG 4.22 1 - -
ASTRAZENECA PLC 4.19 2 - *
HSBC HLDGS 3.98 3 - *
BT GROUP 3.95 4 - *
ROYAL DUTCH SHELL 3.91 5 - *
IMPERIAL TOBACCO GROUP 3.88 6 - *
RIO TINTO 3.47 7 - *
ITV 3.42 8 - *
TOTAL SA 3.34 9 - *
PRUDENTIAL PLC 3.31 10 - *
Total37.67 
Regional weightings, 31-Aug-2014
Region(%)Rank 
UK87.711 87.71% UK
Developed Europe - excl UK7.562 7.56% Developed Europe - excl UK
Money Market4.733 4.73% Money Market
Total100.00 
Sector weightings, 31-Aug-2014
Sector(%)Rank 
Financials22.911 22.91% Financials
Consumer Goods14.472 14.47% Consumer Goods
Consumer Services12.933 12.93% Consumer Services
Health Care10.454 10.45% Health Care
Oil & Gas9.155 9.15% Oil & Gas
Industrials8.776 8.77% Industrials
Telecommunications6.137 6.13% Telecommunications
Basic Materials5.258 5.25% Basic Materials
Utilities5.219 5.21% Utilities
Cash & Cash Equivalents4.7310 4.73% Cash & Cash Equivalents
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
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Asset allocation

UK Equities, 87.71%
87.7100% ofUK Equities
Europe ex UK Equities, 7.56%
7.5600% ofEurope ex UK Equities
Cash & Cash Equivalents, 4.73%
4.7300% ofCash & Cash Equivalents

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