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Legal & General UK Property R Acc (PAIF)

Ranked 11 out of 35 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


The funds 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.


UK Physical over : 31/08/2014 - 31/08/2015

Total Return

Quarterly Performance

to 30/06/2015 Annual Q1 Q2 Q3 Q4
2015 2.8% 1.3%
2014 13.2% 2.2% 3.0% 3.4% 3.9%
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 4.2% 4.1% 2.9%

Month by Month Performance

Returns Vs Risk

Asset Allocation



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 ORD 0.28
Intu Properties PLC ORD 0.16
Derwent London PLC 0.15
Great Portland Estates PLC 0.13

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date27/02/2006
  • Share Class size2,162Mn
  • Base currencyGBP
  • ISIN GB00B0X5N465

Purchase Info

  • Min. initial investment500
  • Min. additional investment50


  • Annual management1.42%
  • 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).