Quick Stats

Bid Price GBX 82.35 Offer Price GBX 82.83
Mid Price - Day Change GBX +0.28 (0.34%)
Price Date 17 Nov 2017 Crown Rating 2
Shares Class Inc. Yield 4.70 %
Total Expense Ratio 0.00 Fund Size 272,619,210.60
Launch Date 31/03/2011 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 500.00 Total Expense Ratio (%) 0.00
ISIN GB00B58NZK05 Min TopUp (£) 100.00

Fund Objective

The objective of this fund is to provide a combination of income in excess of the return represented by the performance of the FTSE All-Share Index, and growth. The Index consists of a broad spread of UK company shares.The fund will typically invest between 80% and 100% in UK company shares, or in shares of overseas companies which have a significant part of their activities in the UK or whose shares are traded on UK stock markets.The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes:•To help with efficient day to day management.•To reduce some of the risks of the market.•To enhance the performance of the fund.The fund may also invest in bonds (a type of loan which pays interest), cash, deposits, money market instruments or other authorised investment funds. Money market instruments are a type of security where cash can be deposited for short periods of time. The deposits and money market instruments will be repayable by the issuer within one year.This fund may not be appropriate for investors who plan to withdraw their money within five years.

Fund Managers

Stephen Message
Stephen Message is a fund manager at Legal & General Investment Management and manages the L&G UK Equity Income Fund. Prior to joining LGIM he spent eight years at Old Mutual Global Investors where he managed the Old Mutual UK Equity Income Fund. He started his investment career as an analyst and fund manager at US private wealth manager Bessemer Trust and studied Aeronautical Engineering at Imperial College London. He is also a CFA charterholder.