Legal & General UK Property Feeder Fund I Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | -1.6% | 13.5% | -4.8% | -1.0% | 6.2% |
| Sector | -3.6% | 6.9% | -3.2% | -0.4% | 1.2% |
| Rank | n/a | n/a | n/a | n/a | n/a |
| Quartile | n/a | n/a | n/a | n/a | n/a |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 0.0% | 2.3% | 4.1% | |
| Sector | -0.8% | 0.1% | 2.2% | |
| Rank | n/a | n/a | n/a | |
| Quartile | n/a | n/a | n/a | |
Holdings
| Stock | % Weight |
|---|---|
| L&G PROP INC | 48.13 |
| L&G PROP ACC | 46.35 |
| L&G PROP FDER GBP ACC HGD | 0.00 |
| L&G PROP FDER GBP INC HGD | 0.00 |
| Total | 94.49 |
Fund Aims
The objective of this fund is to provide a combination of income and growth by investing solely in the Legal & General UK Property Fund (the ‘Master Fund’). It may also hold cash where necessary to enable the making of payments to unitholders or creditors. The fund aims to achieve investment returns very similar to those of the Master Fund. The Master Fund will typically invest at least 80% in a range of UK commercial properties (but this can be as low as 60% where the fund manager deems it to be in the interests of the fund and its shareholders). The Master Fund may invest in all types of commercial property. The Master Fund may occasionally invest in residential property and may also develop properties. The Master Fund may also invest from time to time in commercial properties in the Isle of Man and the Channel Islands. The fund may use derivatives to reduce risk or cost, or to generate additional capital or income with no, or an acceptably low, level of risk. The Master Fund may also invest in other property-related assets, (including property-related UK shares and UK property-related authorised investment funds), money market instruments, deposits, money market-related authorised investment funds and government bonds.
Fund Manager
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).
Fund Overview
| Bid (20/12/2024) | 53.72p |
| Offer (20/12/2024) | 54.12p |
| Historic yield | 3.90% |
| Fund size (31/07/2024) | £648.28m |
| Number of holdings | 4 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.75% |
| Launch date | 24/05/2014 |
Asset Allocation
| Cash and Equivalents | 5.51% | |
| Other Assets | 94.49% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| Cash and Equivalents | 5.51% | |
| Other Assets | 94.49% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 94.49% | - | - | - | |
| Non-Classified | - | 94.49% | - | - | |
| Non-Classified | - | - | 94.49% | - | |
| Non-Classified | - | - | - | 94.49% | |
| Cash and Equivalents | 5.51% | - | - | - | |
Regional Allocation
| Non-Classified | 94.49% | |
| Cash and Equivalents | 5.51% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 94.49% | - | |
| Cash and Equivalents | 5.51% | - | |
Property Regions
| Cash and equivalents | 23.20% | |
| West Midlands | 13.50% | |
| South East | 12.40% | |
| Central London | 8.33% | |
| Indirect property | 6.33% | |
| Scotland | 5.57% | |
| Other | 30.67% |
Asset Allocation
| Cash and equivalents | 23.20% | |
| Industrial | 21.08% | |
| Office - regional | 13.84% | |
| Retail warehouse and supermarket | 12.00% | |
| Office - London | 7.62% | |
| Indirect property | 6.33% | |
| Other Assets | 15.94% |
Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | L&G PROP INC | 48.13% | Managed Funds | Non-Classified |
| 2 | L&G PROP ACC | 46.35% | Managed Funds | Non-Classified |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and Equivalents | - | - | - | - | - | - | - | 5.51% | 5.51% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BK35F39 |
| Mex Code | LGAAHP |
| Isin Code | GB00BK35F390 |
| Citi Code | K6HF |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.75% |
Aims and Benchmark
| Aims | The objective of this fund is to provide a combination of income and growth by investing solely in the Legal & General UK Property Fund (the ‘Master Fund’). It may also hold cash where necessary to enable the making of payments to unitholders or creditors. The fund aims to achieve investment returns very similar to those of the Master Fund. The Master Fund will typically invest at least 80% in a range of UK commercial properties (but this can be as low as 60% where the fund manager deems it to be in the interests of the fund and its shareholders). The Master Fund may invest in all types of commercial property. The Master Fund may occasionally invest in residential property and may also develop properties. The Master Fund may also invest from time to time in commercial properties in the Isle of Man and the Channel Islands. The fund may use derivatives to reduce risk or cost, or to generate additional capital or income with no, or an acceptably low, level of risk. The Master Fund may also invest in other property-related assets, (including property-related UK shares and UK property-related authorised investment funds), money market instruments, deposits, money market-related authorised investment funds and government bonds. |
| Benchmark | IA Property Sector |
| Benchmark Category | - |
| IA Sector | Property |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 28 November | 28 January |
| 28 February | 28 April |
| 28 May | 28 July |
| 28 August | 28 October |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The Northern Trust Company |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | The Northern Trust Company |
Group Details
| Group name | Legal & General Unit Trust Managers Limited |
| Group address | Legal & General One Coleman Street London EC2R 5AA |
| Group telephone | 0370 050 0955 |
| Dealing telephone | - |
| investments@landg.com | |
| Homepage | www.lgim.com |
| Fax number | - |
Dealing
| Minimum Investment | £1000000 |
| Minimum Top Up | £20000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.