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Legal & General UK Property R Acc (PAIF)

Ranked 12 out of 29 in - UK Physical over 12 months
All calculations are in GBP

Managed by

Michael Barrie

Michael Barrie attended Sheffield Hallam University where he gained a degree in urban land economics. He also holds a post-graduate diploma in property investment from Reading University. Michael is a director of the Legal & General Property Division and manages the L&G UK Property fund. He joined L&G in 2005 and prior to this he was the director F&C Property Asset Management. Previously he has worked in property fund management with Sun Alliance, Royal Sun Alliance, ISIS following the merger with Friends Provident and latterly with F&C PAM since the acquisition of ISIS by F&C in 2004. Michael is a member of the Royal Institute of Chartered Surveyors (MRICS).

Matt Jarvis

Objective

The investment objective is to achieve income and capital growth through investing generally in real commercial property. The investment policy is to invest predominantly in commercial property in the UK. The scheme will aim to diversify risk by seeking exposure principally in three main sectors: Retail, Offices, Industrial. It may also invest in other commercial property sectors, including the leisure sector, or from time to time in commercial properties in the Isle of Man and the Channel Islands. The fund will typically invest at least 80% in UK commercial properties. However, the manager may reduce this level (to no lower than 70%) from time to time if it believes it is in the interest of maintaining the fund's cashflow.

Performance

UK Physical over : 31/10/2013 - 31/10/2014

Total Return

Quarterly Performance

to 31/10/2014 Annual Q1 Q2 Q3 Q4
2014 11.0% 2.2% 3.0% 3.4% 1.9%
2013 7.6% 0.1% 2.1% 1.6% 3.7%
2012 1.9% 1.3% 0.1% 0.1% 0.4%
2011 3.0% 1.9% 1.9% -2.0% 1.1%
2010 10.1% 4.1% 1.5% 1.8% 2.5%
2009 5.7% -5.5% -0.1% 5.2% 6.4%
2008 -17.7% -4.8% -2.5% -2.9% -8.7%
2007 -3.1% 1.7% 1.5% -0.9% -5.3%
2006 11.4% -0.2% 4.2% 4.1% 2.9%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

28/02/2013

Top 10 Holdings

Stock Size
L&G Freehold Property 71.39
IPD UK Annual Index Futures 4.81
LGIM Sterling Liquidity 1 2.76
Land Securities Group PLC ORD 0.53
British Land Company PLC ORD 0.41
Hammerson PLC 0.28
SEGRO PLC 0.16
Intu Properties PLC 0.16
Derwent London PLC 0.15
Great Portland Estates PLC 0.13
28/02/2013

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date27/02/2006
  • Share Class size1,577Mn
  • Base currencyGBP
  • ISIN GB00B0X5N465

Purchase Info

  • Min. initial investment500
  • Min. additional investment50

Charges

  • Annual management1.3%
  • Initial investment5

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).