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Legal & General UK Property R Acc (PAIF)

Ranked 7 out of 35 in - UK Physical over 12 months
All calculations are in GBP unless stated

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

Matt Jarvis, MRICS is a senior fund manager at Legal & General Investment Management based in London. He joined the firm in 2004 and prior to this, he was a surveyor at Jones Lang LaSalle. Matt graduated from Reading University with a degree in land management and outside of work he lists rugby among his interests.


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.

Showing fund performance in United Kingdom View performance globally


UK Physical over : 30/11/2016 - 30/11/2017

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 1.2% 1.8% 1.9%
2016 1.9% 0.8% -3.1% 1.0% 3.4%
2015 10.6% 2.9% 1.5% 2.9% 2.9%
2014 13.6% 2.3% 3.1% 3.5% 4.0%
2013 8.1% 0.1% 2.2% 1.7% 3.8%
2012 2.3% 1.4% 0.2% 0.2% 0.5%
2011 3.4% 2.0% 2.0% -1.9% 1.2%
2010 10.6% 4.2% 1.6% 1.9% 2.6%
2009 6.2% -5.3% 0.0% 5.3% 6.5%
2008 -17.3% -4.7% -2.4% -2.8% -8.5%
2007 -2.8% 1.8% 1.6% -0.8% -5.1%
2006 4.4% 4.2% 3.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
L&G Freehold Property 66.43
USD Cash 9.59
GBP Cash 4.67
Credit Agricole Corporate and Investment Bank CD 1.87
BNP Paribas SA (London Branch) CD 1.87
Land Securities Group PLC ORD 1.37
Tufton Street Devco Ltd Ord 1.14
0.99 % CERT. OF DEPOSIT 2016-1.2.17 1.12
Erste Abwicklungsanstalt 0.000% 06-Oct-2017 1.12
British Land Company PLC ORD 1.06

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date27/02/2006
  • Share Class size2,965Mn
  • Base currencyGBP
  • ISIN GB00BK35DS04

Purchase Info

  • Min. initial investment500
  • Min. regular additional investment50


  • Annual management1.50%
  • Initial investment0

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