The Legal & General UK Property Trust is an onshore unit trust invested in a diverse portfolio of physical commercial property across the UK as well as property related assets. The fund’s aim is to generate income as well as provide potential long-term capital growth.
Why Legal & General Property Trust?
- The Legal & General UK Property Trust outperformed both the Investment Property Databank (IPD) and the IMA Property sector average for the period from launch to 30 June 2011.
- Actively asset managed by one of the largest and most experienced property teams in the UK.
- High quality, well managed assets and tenants in prime locations with one of the lowest vacancy rates of a direct property fund in the sector.
- Co-managed by Citywire A rated Michael Barrie.
As a group we manage around £10.1billion* in property assets across 19 different mandates.
The Legal & General Property team consists of 85 property specialists including 40 fund and asset managers. Within this structure we have dedicated teams devoted to areas such as property sourcing and research, economic research, transactions and sustainability. All of our property funds draw on this resource, so our UK Property Trust benefits from the size of the company as a whole, not just its own assets under management.
* As at 31 March 2011
Performance
Performance data source since inception (28 February 2006) to 30 November 2011: Lipper, bid to bid basis, with net income reinvested ('R' Class). Past performance is not a guide to future performance.
Fund Overview
| |
Current |
Change |
| Price* |
Bid 50.30
Offer 55.25
|
-0.02
-0.01
|
| Fund Size (£m) |
676.40 |
|
| Number of holdings |
61 |
|
| Distribution Yield (Gross)† |
|
|
| Underlying Yield (Gross)‡ |
|
|
| Historic Yield (Net)§ |
2.60% |
|
*Price data as at 16 May 2012. All other data as at 30 November 2011. Source of all other data FundsLibrary.
Fund Facts
| Fund Manager |
Michael Barrie |
|
| Launch Date |
28/02/2006 |
|
| Fund Structure |
Unit Trust |
|
| Benchmark |
IMA Property Sector |
|
| IMA Sector |
Property |
|
| Ex-dividend Date(s) |
28th February, 28th May, 28th August, 28th November |
|
| Domicile |
United Kingdom |
|
| Currency |
GBP |
|
| Initial Charge |
5.00% |
|
| Annual Management Charge (AMC) |
1.25% |
|
| Total Expense Ratio (TER) |
1.43% |
|
| Property Expense Ratio (PER) |
0.26% |
|
| UCITS |
No |
|
| Minimum Lump Sum investment |
£500 |
|
| Minimum Monthly Investment |
£50 |
|
| Minimum Top-Up |
£100 |
|
| ISIN (accumulation) |
GB00B0X5N465 |
|
| ISIN (income) |
GB00B0X5MP07 |
|
The value of property is generally a matter of valuer's opinion rather than fact. To protect all investors in the UK Property Trust we may, in exceptional circumstances, suspend dealing in the fund. This would lead to a delay in dealing with withdrawal requests
§Historic Yield (Net)
We use what's called a historic yield to show the amount of income declared over the last 12 months. You could be taxed on your income and the amount of tax that you pay could vary over time.