L&G UK Equity Income L Inc
|Bid Price||GBX 66.58||Offer Price||GBX 66.95|
|Mid Price||-||Day Change||GBX -0.50 (-0.75%)|
|Price Date||24 Feb 2017||Crown Rating|
|Shares Class||Inc.||Yield||4.10 %|
|Total Expense Ratio||0.00||Fund Size||403,619,018.06|
|Launch Date||31/03/2011||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||0.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B53LBV23||Min TopUp (£)||0.00|
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.If you hold accumulation units, income from investments held by the fund (dividends) will be reinvested into the value of your units.If you hold distribution units, income from investments held by the fund will be paid out to you (as a dividend).You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price.This fund may not be appropriate for investors who plan to withdraw their money within five years.
Andrew joined LGIM in August 2014 and is a fund manager in the Global Income team within Active Equities. He joined from the in-house pension scheme at BAE Systems. There he was head of the European equities team, co-chair of the Global best ideas fund, and a member of the asset allocation committee for the overall fund. Previously, he managed European equities for institutional and retail funds at Henderson Global Investors and HSBC Asset Management, where he won two awards. He started his career at Phillips & Drew in 1992, where he spent ten years investing in UK, European and Japanese equities for institutional clients. He has an MA from New College, Oxford, in philosophy, politics and economics. Andrew is a CFA charterholder and an ASIP.