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Legal & General UK Property Fund I Acc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund ProviderLegal & General(Unit Trust Managers)Ltd
Fund SummaryThe fund will be a Property Authorised Investment Fund for tax purposes at all times. Its objective is to provide a combination of income and growth through investing generally in commercial property. The 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 fund may invest in all types of commercial property. It may occasionally invest in residential property and may also develop properties. The 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 (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.
SEDOL codeBK35DV3
ISINGB00BK35DV33
Fund codeLEPIA
ManagersMichael Barrie, Matt Jarvis
Manager Tenure6 years
Morningstar CategoryProperty - Direct UK
IMA SectorUK Direct Property
Fund Size£2,147 million
Fund TypeOEIC
Management StyleActive
Ongoing Charge Figure (OCF)0.75%
Cavendish ongoing charge0.05%
FundsNetwork Service Fee0.20%
Minimum Initial Investment£25
Minimum Top Up£25
Minimum Monthly Investment£25
Sell Price£0.0087
Buy Price£0.0092
Price Date25th September 2020
Yield3.20%
Dividend FrequencyQuarterly
ISA EligibleYes
SIPP EligibleYes
Inception Date3rd January 2018
Fund StatusSUSPENDED
Michael is a director of LGP with specific responsibility for the Balanced Property Funds portfolio, including the L&G LPI Income Property Fund and the L&G Managed Property Fund. Michael established the authorised L&G Property Unit Trust in February 2006, and has an ongoing responsibility for the L&G UK Property Trust, which was awarded the Money Observer Best UK Property Fund in April 2009 for its performance over three years and a AAA rating by Citywire in 2009. Michael joined LGP in 2005 having previously been a director of F&C Property Asset Management and lead fund manager for the RSA Life Unitised Fund and RSA Pension Unitised Fund. Over the last three calendar years of Michael’s management of these funds they outperformed the IPD benchmark by 2.0% and 1.1% per annum respectively. The Life Unitised Fund received the IPF/IPD/EG award for best three-year rolling performance (Funds between £50m and £200m) in 2002. He also established and managed the ISIS Property Trust and the ISIS Property Trust 2 which were listed on the London Stock Exchange. Michael holds a degree in land economics, a postgraduate diploma in property investment and is a member of the Royal Institution of Chartered Surveyors (MRICS) and the Association of British Insurers Property Group.

3-year Mean Monthly Return: 0.245%

Annual Returns2019201820172016201520142013201220112010
Fund Performance-1.34%+2.83%+9.10%+7.77%+3.40%+12.36%+11.21%+3.00%+0.85%+8.64%
Benchmark Performance
(Property - Direct UK)
-3.65%+1.11%+6.36%+6.18%+0.24%
Time PeriodCumulativeBenchmark Performance
(Property - Direct UK)
Fund Compared to Benchmark
1 day-0.07%-4.29%+4.22%
1 week-0.15%-0.38%+0.23%
1 month0.07%-0.81%+0.88%
3 months-0.29%-3.96%+3.68%
6 months-2.99%-5.07%+2.07%
1 year-1.99%-0.16%-1.82%
3 years2.93%+0.73%+2.20%
5 years3.83%+3.59%+0.24%
10 years5.57%+1.50%+4.07%
YTD-2.68%-0.08%-2.60%
Since inception3.86%Currently unavailableCurrently unavailable

Top 10 shares for this fund

Share NameCountryValue
L&G FREEHOLD PROPERTY67.93%
Segro PLCGBR0.60%
Derwent London PLCGBR0.53%
UNITE Group PLCGBR0.44%
Great Portland Estates PLCGBR0.26%
Grainger PLCGBR0.26%
Land Securities Group PLCGBR0.23%
British Land Co PLCGBR0.22%
Tritax Big BoxGBR0.12%
Shaftesbury PLCGBR0.07%
Dividend DatePer share amountReinvestment Price
1st September 20200.0038£0.8691
29th May 20200.0027£0.8695
2nd March 20200.0038£0.8975
29th November 20190.0053£0.8903
29th August 20190.0043£0.8821
29th May 20190.0048£0.8770