PIA L&G Property Ser B

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

Performance

Discrete performance - to last month end

31/08/20
to
31/08/21
31/08/21
to
31/08/22
31/08/22
to
31/08/23
31/08/23
to
31/08/24
31/08/24
to
31/08/25
Fund -0.6% 7.0% -15.5% -12.3% 0.9%
Sector 2.7% 6.5% -14.5% -0.2% 0.5%
Rank 10/13 11/13 7/12 12/12 7/12
Quartile 3 4 3 4 3

Annualised performance

Annualised
3 Years to
31/08/25
5 Years to
31/08/25
10 Years to
31/08/25
Fund -9.3% -4.5% -3.2%
Sector -5.0% -1.3% -0.6%
Rank 10/12 10/12 9/11
Quartile 4 4 4

Top 10 Holdings

Stock % Weight
SELLY OAK STUDENT QUARTER 23.31
CAPITOL THEATRE ABERDEEN 10.26
POUND STERLING 9.60
8 GREENWICH VIEW PLACE 8.39
SOUTHWATER SQUARE, TELFORD 5.83
PREMIER INN HOTEL THE WATERFR 5.22
UNITS 1 4 THE YARD, 122 EAST R 3.73
CITY VIEW, CRAIGSHAW DRIVE AB 1.96
Home REIT Plc Home REIT Plc Ord 1.15
DZ BANK AG DEUTSCHE ZENTRAL GENOSS 0% 10/07/2025 0.46
Total 69.92

Fund Aims

Objective: The investment strategy of the fund is to purchase the L&G Property fund – the underlying fund.

Underlying Fund Objective: The fund aims to provide a combination of income and capital growth by investing at least 60% of its assets in property and property-related assets, although the exposure is typically expected to be in the region of 80% - 90%, this may vary as a result of factors such as market conditions. The fund may obtain its exposure to property through a combination of direct and indirect holdings with exposure across industry sectors (including but not limited to retail, offices, industrial, leisure, healthcare and residential) and geographies. Direct property holdings will consist of typically 45% of the funds assets, will be in property located in the UK. The fund may obtain indirect exposure to property located worldwide through listed transferable securities (such as real estate investment trusts) and collective investment schemes including those managed or operated by Legal & General. The fund may also invest in money market instruments (such as treasury bills), permitted deposits, bonds (issued by governments and public bodies), money market funds and cash. The fund may use derivatives to reduce risk or cost or generate additional capital or income with no, or an acceptably low level of risk.

Fund Manager

Justin Upton manager of the underlying fund for 4 years and 9 months

Photo of Justin Upton TBC

Fund Overview

Bid (17/09/2025) 0.81
Offer (17/09/2025) 0.86
Fund size (31/07/2025) £3.04m
Underlying Fund size £89.04m
Number of holdings 108
Launch date 26/04/2004

Fund Charges

Annual Management Charge (AMC) 1.60%
Further Costs 1.89%
Yearly Total 3.49%

Asset Allocation

pie chart
  Property 61.31%
  Cash and Equivalents 15.97%
  International Bonds 3.46%
  UK Corporate Bonds 0.05%
  Other Assets 19.21%
Portfolio data accurate as at: 30/08/25

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

This fund invests in property and land. This can be difficult to sell - so you may not be able to sell/cash in this investment when you want to. We may have to delay acting on your instructions to sell your investment.
Other than in very exceptional circumstances we would not expect delays to be longer than six months for investments in property and land.

You should look upon your investment in the property fund as being long-term, so 10 years or more. There are large costs when we buy and sell property. The allowance for these costs amongst other factors can lead to short-term falls in the price of units in the Property fund. The return achieved from investing in property is a combination of rental income and changes in the value of the property; which is generally a matter of a valuer’s opinion rather than fact.

For more information please refer to your policy or scheme documentation.

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 the fund's currency of denomination 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 61.31%
  Cash and Equivalents 15.97%
  International Bonds 3.46%
  UK Corporate Bonds 0.05%
  Other Assets 19.21%

Regional Allocation

pie chart
  Property 61.31%
  Non-Classified 19.21%
  Cash and Equivalents 15.97%
  Developed Europe - Excl UK 1.47%
  Japan 1.36%
  Australia & New Zealand 0.46%
  North America 0.18%
  UK 0.05%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 80.52%
  Cash 15.97%
  Pound Sterling 3.50%

Regional Breakdown

Expand allCollapse all
Region Country
 
Property 61.31% -
 
Non-Classified 19.21% -
 
Cash and Equivalents 15.97% -
 
Developed Europe - Excl UK 1.47% -
 
France - 0.93%
 
Switzerland - 0.35%
 
Germany - 0.18%
 
Japan 1.36% -
 
Japan - 1.36%
 
Australia & New Zealand 0.46% -
 
Australia - 0.46%
 
North America 0.18% -
 
Canada - 0.18%
 
UK 0.05% -
 
United Kingdom - 0.05%

Property Regions

pie chart
  THE MIDLANDS 44.45%
  SOUTH EAST 26.21%
  OTHER 29.33%

Asset Allocation

pie chart
  OTHER 52.95%
  OFFICE 47.04%

Top 10 Holdings

Stock % Weight Sector Country
1 SELLY OAK STUDENT QUARTER 23.31% Property Direct Property and REITs
2 CAPITOL THEATRE ABERDEEN 10.26% Property Direct Property and REITs
3 POUND STERLING 9.60% Property Direct Property and REITs
4 8 GREENWICH VIEW PLACE 8.39% Property Direct Property and REITs
5 SOUTHWATER SQUARE, TELFORD 5.83% Property Direct Property and REITs
6 PREMIER INN HOTEL THE WATERFR 5.22% Property Direct Property and REITs
7 UNITS 1 4 THE YARD, 122 EAST R 3.73% Property Direct Property and REITs
8 CITY VIEW, CRAIGSHAW DRIVE AB 1.96% Property Direct Property and REITs
9 Home REIT Plc Home REIT Plc Ord 1.15% Real Estate Investment Trusts Direct Property and REITs
10 DZ BANK AG DEUTSCHE ZENTRAL GENOSS 0% 10/07/2025 0.46% Non-Classified Non-Classified

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Real Estate - - - - - 1.15% - - 1.15%
Property - - - - - 60.16% - - 60.16%
Cash and Equivalents - - - - - - - 15.97% 15.97%
Bonds - - 0.05% 3.46% - - - - 3.50%
Non-Classified - - - - - - 19.21% - 19.21%

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

This fund invests in property and land. This can be difficult to sell - so you may not be able to sell/cash in this investment when you want to. We may have to delay acting on your instructions to sell your investment.
Other than in very exceptional circumstances we would not expect delays to be longer than six months for investments in property and land.

You should look upon your investment in the property fund as being long-term, so 10 years or more. There are large costs when we buy and sell property. The allowance for these costs amongst other factors can lead to short-term falls in the price of units in the Property fund. The return achieved from investing in property is a combination of rental income and changes in the value of the property; which is generally a matter of a valuer’s opinion rather than fact.

For more information please refer to your policy or scheme documentation.

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 B00L9B6
Mex Code SBMEGP
Isin Code IE00B00L9B61
Citi Code FPH0

Fund Charges

Annual Management Charge (AMC) 1.60%
Further Costs 1.89%
Yearly Total 3.49%

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase the L&G Property fund – the underlying fund. Underlying Fund Objective: The fund aims to provide a combination of income and capital growth by investing at least 60% of its assets in property and property-related assets, although the exposure is typically expected to be in the region of 80% - 90%, this may vary as a result of factors such as market conditions. The fund may obtain its exposure to property through a combination of direct and indirect holdings with exposure across industry sectors (including but not limited to retail, offices, industrial, leisure, healthcare and residential) and geographies. Direct property holdings will consist of typically 45% of the funds assets, will be in property located in the UK. The fund may obtain indirect exposure to property located worldwide through listed transferable securities (such as real estate investment trusts) and collective investment schemes including those managed or operated by Legal & General. The fund may also invest in money market instruments (such as treasury bills), permitted deposits, bonds (issued by governments and public bodies), money market funds and cash. The fund may use derivatives to reduce risk or cost or generate additional capital or income with no, or an acceptably low level of risk.
Benchmark IA UK Direct Property
ABI Sector UK Direct Property

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

This fund invests in property and land. This can be difficult to sell - so you may not be able to sell/cash in this investment when you want to. We may have to delay acting on your instructions to sell your investment.
Other than in very exceptional circumstances we would not expect delays to be longer than six months for investments in property and land.

You should look upon your investment in the property fund as being long-term, so 10 years or more. There are large costs when we buy and sell property. The allowance for these costs amongst other factors can lead to short-term falls in the price of units in the Property fund. The return achieved from investing in property is a combination of rental income and changes in the value of the property; which is generally a matter of a valuer’s opinion rather than fact.

For more information please refer to your policy or scheme documentation.

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

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

This fund invests in property and land. This can be difficult to sell - so you may not be able to sell/cash in this investment when you want to. We may have to delay acting on your instructions to sell your investment.
Other than in very exceptional circumstances we would not expect delays to be longer than six months for investments in property and land.

You should look upon your investment in the property fund as being long-term, so 10 years or more. There are large costs when we buy and sell property. The allowance for these costs amongst other factors can lead to short-term falls in the price of units in the Property fund. The return achieved from investing in property is a combination of rental income and changes in the value of the property; which is generally a matter of a valuer’s opinion rather than fact.

For more information please refer to your policy or scheme documentation.

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 the fund's currency of denomination 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.

The registered office of Prudential International is in Ireland at Fitzwilliam Court, Leeson Cl, Dublin 2, D02 TC95. Prudential International is a marketing name of Prudential International Assurance plc, a life assurance company operating from Ireland. Registration No. 209956. Prudential International Assurance plc is authorised and regulated by the Central Bank of Ireland and in the context of its UK regulated activities only, is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. Prudential International is part of the same corporate group as The Prudential Assurance Company Limited. Both The Prudential Assurance Company Limited and Prudential International are direct and indirect subsidiaries respectively of M&G plc, a company incorporated in the United Kingdom. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.