Prudential L&G UK Property Ser A

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund 2.8% 0.5% 18.1% -13.8% -1.1%
Sector -0.5% -4.0% 13.6% -11.2% -0.7%
Rank 16/100 9/100 33/100 71/99 65/99
Quartile 1 1 2 3 3

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 0.2% 0.8% n/a
Sector 0.1% -0.9% 2.8%
Rank 45/99 24/99 n/a
Quartile 2 1 n/a

Top 10 Holdings

Stock % Weight
L&G FREEHOLD PROPERTY 82.84
Segro Segro Ord GBP0.1 1.00
UNITE GROUP 0.48
LAND SECURITIES GROUP 0.43
LondonMetric Property PLC LondonMetric Property Ord GBP0.10 0.38
GRAINGER 0.28
Tritax Big Box REIT Plc Tritax Big Box REIT Ord GBP0.01 0.25
BRITISH LAND CO 0.25
Derwent London Plc Derwent London Ord GBP0.05 0.22
Hammerson PLC Hammerson Plc Ord GBP0.05 0.21
Total 86.34

Fund Aims

Objective: The investment strategy of the fund is to buy units in the L&G UK Property Fund - the underlying fund.

Underlying Fund Objective: The fund aims to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business. In doing so, the objective of the fund is to achieve income and capital growth through investing generally in commercial property.

Fund Manager

Michael Barrie manager of the underlying fund for 18 years and 1 months

Photo of Michael Barrie Michael Barrie is co-fund manager for the UK Property Fund and is also a Director of Legal & General Property Division. He joined Legal & General Property in 2005 from F&C Property Asset Management. Michael is a member of the Royal Institution of Chartered Surveyors and has a postgraduate diploma in property investment from Reading University.

Matt Jarvis manager of the underlying fund for 14 years and 2 months

Photo of Matt Jarvis Matt Jarvis joined Legal & General Property as an Asset Manager in November 2004 and is Co-Fund Manager of the UK Property Fund, having previously been a Commercial Valuer with Jones Lang LaSalle. Matt holds a degree in Land Management from Reading University and is a Member of the Royal Institution of Chartered Surveyors (MRICS).

Fund Overview

Bid (27/03/2024) 101.50
Offer (27/03/2024) 106.80
Fund size (29/02/2024) £0.56m
Underlying Fund size £1190.43m
Number of holdings 15
Launch date 15/11/2017

Fund Charges

Annual Management Charge (AMC) 1.85%
Further Costs 0.00%
Yearly Total 1.85%

Asset Allocation

pie chart
  Property 85.85%
  Cash and Equivalents 13.14%
  UK Equities 1.01%
Portfolio data accurate as at: 31/01/24

Important Information

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  Property 85.85%
  Cash and Equivalents 13.14%
  UK Equities 1.01%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Property 82.84% - - -
 
Property - 82.84% - -
 
Property - - 82.84% -
 
Property - - - 82.84%
 
Cash and Equivalents 13.14% - - -
 
Real Estate 4.01% - - -
 
Real Estate - 4.01% - -
 
Real Estate Investment Trusts - - 3.74% -
 
Diversified REITs - - - 1.21%
 
Industrial REITs - - - 1.00%
 
Residential REITs - - - 0.48%
 
Office REITs - - - 0.33%
 
Retail REITs - - - 0.28%
 
Other Specialty REITs - - - 0.25%
 
Storage REITs - - - 0.15%
 
Health Care REITs - - - 0.04%
 
Real Estate Investment & Services - - 0.28% -
 
Real Estate Holding and Development - - - 0.28%

Regional Allocation

pie chart
  Property 85.85%
  Cash and Equivalents 13.14%
  UK 1.01%

Regional Breakdown

Expand allCollapse all
Region Country
 
Property 85.85% -
 
Cash and Equivalents 13.14% -
 
UK 1.01% -
 
United Kingdom - 1.01%

Property Regions

pie chart
  Cash and equivalents 23.20%
  West Midlands 13.50%
  South East 12.40%
  Central London 8.33%
  Indirect property 6.33%
  Scotland 5.57%
  Other 30.67%

Asset Allocation

pie chart
  Cash and equivalents 23.20%
  Industrial 21.08%
  Office - regional 13.84%
  Retail warehouse and supermarket 12.00%
  Office - London 7.62%
  Indirect property 6.33%
  Other Assets 15.94%

Breakdown By Market Cap (%)

Large
 
 
1.44%
Medium
 
 
2.51%
Small
 
 
0.07%
Non-Classified
 
 
82.84%
Cash
 
 
13.14%

Top 10 Holdings

Stock % Weight Sector Country
1 L&G FREEHOLD PROPERTY 82.84% Property Direct Property and REITs
2 Segro Segro Ord GBP0.1 1.00% Real Estate Investment Trusts Direct Property and REITs
3 UNITE GROUP 0.48% Real Estate Investment Trusts Direct Property and REITs
4 LAND SECURITIES GROUP 0.43% Real Estate Investment Trusts Direct Property and REITs
5 LondonMetric Property PLC LondonMetric Property Ord GBP0.10 0.38% Real Estate Investment Trusts Direct Property and REITs
6 GRAINGER 0.28% Real Estate Investment & Services United Kingdom
7 Tritax Big Box REIT Plc Tritax Big Box REIT Ord GBP0.01 0.25% Real Estate Investment Trusts United Kingdom
8 BRITISH LAND CO 0.25% Real Estate Investment Trusts Direct Property and REITs
9 Derwent London Plc Derwent London Ord GBP0.05 0.22% Real Estate Investment Trusts United Kingdom
10 Hammerson PLC Hammerson Plc Ord GBP0.05 0.21% Real Estate Investment Trusts Direct Property and REITs

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Real Estate 1.01% - - - - 3.01% - - 4.01%
Property - - - - - 82.84% - - 82.84%
Cash and Equivalents - - - - - - - 13.14% 13.14%

Important Information

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code BZCMXL0
Mex Code PUATD
Isin Code GB00BZCMXL01
Citi Code O5CL

Fund Charges

Annual Management Charge (AMC) 1.85%
Further Costs 0.00%
Yearly Total 1.85%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to buy units in the L&G UK Property Fund - the underlying fund. Underlying Fund Objective: The fund aims to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business. In doing so, the objective of the fund is to achieve income and capital growth through investing generally in commercial property.
Benchmark IA Property Sector
ABI Sector UK Direct Property

Important Information

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Charges and further costs may vary in the future and may be higher than they are now.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.