Unit Trust (UK UCITS compliant)

Legal & General Asia Pacific Equity Income Fund

Important note: Effective 17th March 2022 the Fund’s name changed to Legal & General Asia Pacific Equity Income Fund. Other changes were also made to the objective and policy of the Fund. For further information please contact the Manager, Monday to Friday between 8.30am to 5.30pm on 0370 050 0634 or by email at Inst.deal@landg.com.

Fund facts

Fund size
£203.0m
Base currency
GBP
Launch date
10 Nov 2008
Domicile
UK
Share class launch

Statistics

Historical yield
3.7%

As at 31 May 2022

Fund aim

The objective of the Fund is to provide income in excess of the income generated by the FTSE Asia Pacific ex-Japan TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over the long term (at least five years). Please note, invested capital is at risk and there is no guarantee that the above will be attained over any time period.

Benchmark

FTSE Asia Pacific ex-Japan TR Net Index

  • What does it invest in? Invests at least 80% in shares in companies throughout the Asia Pacific region, excluding Japan but including Australia and New Zealand.
  • How does it invest? Actively managed, with holdings in between 40 and 80 companies on average over a typical market cycle of 3-5 years.

Further details

Costs

Price basis
Single swing
Initial charge
0.00%
Ongoing charges figure
1.48%
Dilution adjustment
0.47%- round trip

Codes

ISIN
GB00B032BL04
SEDOL
B032BL0
Bloomberg
LEGFERA
MEX
LGFERA

Dealing information

Valuation frequencyDaily, 12pm (UK time)
Dealing frequencyDaily
Settlement periodT+4

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 May 2022

    CumulativeFundBenchmark
    1 month0.63-0.46
    6 months9.86-3.29
    Year to date6.58-3.21
    3 years10.1622.94
    5 years17.2932.04
    Since launch--
    AnnualisedFundBenchmark
    1 year7.57-6.87
    3 years3.287.12
    5 years3.245.71
    Since launch--

    As at 31 Mar 2022

    CumulativeFundBenchmark
    Quarterly5.92-2.24
    Year to date5.92-2.24
    3 years9.3722.00
    5 years14.7833.73
    Since launch--
    AnnualisedFundBenchmark
    1 year6.57-4.55
    3 years3.036.85
    5 years2.795.98
    Since launch--
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    12 months to 31 March 2018 2019 2020 2021 2022
    Fund-1.906.98-23.7234.536.57
    Benchmark5.713.69-11.5044.42-4.55

    Calendar year performance (%)

    2017 2018 2019 2020 2021
    Fund13.18-5.6210.46-6.047.20
    Benchmark23.04-8.7614.1619.11-0.34

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund7.573.283.24-
    Benchmark-6.877.125.71-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund6.573.032.79-
    Benchmark-4.556.855.98-

    Performance for the C Acc unit class in GBP, launched on 01 September 2015. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the C Inc unit class in GBP, launched on 01 September 2015. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the E Acc unit class in GBP, launched on 31 October 2000. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the E Inc unit class in GBP, launched on 16 August 1985. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the F Acc unit class in GBP, launched on 20 December 2012. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the F Inc unit class in GBP, launched on 20 December 2012. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the I Acc unit class in GBP, launched on 17 August 2012. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the I Inc unit class in GBP, launched on 17 August 2012. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the L Acc unit class in GBP, launched on . Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the L Acc unit class in GBP, launched on 25 April 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the L Inc unit class in GBP, launched on . Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the R Acc unit class in GBP, launched on 24 December 2004. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the R Inc unit class in GBP, launched on 24 December 2004. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 18 April 2013. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 26 October 2018. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Portfolio

    As at 31 May 2022. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Sector (%)

    Financials21.3
    Technology17.1
    Industrials13.4
    Telecommunications12.5
    Consumer Discretionary9.7
    Real Estate9.2
    Energy5.7
    Utilities3.7
    Consumer Staples3.0
    Unclassified2.4
    Basic Materials2.1

    Market capitalisation (%)

    Large79.7
    Mid18.5
    Small0.3
    Micro-
    Cash and Equivalents1.6
    Top 10 holdings37.6
    Rest of portfolio62.4
    No. of holdings52

    Top 10 holdings (%)

    Taiwan Semiconductor Manufacturing7.5
    Transurban Group3.6
    DBS Group Holdings3.5
    Qantas Airways3.5
    Lenovo Group3.5
    Petrochina3.4
    National Australia Bank3.3
    China Mobile3.3
    Samsung Electronics3.2
    China Construction Bank3.0

    Country (%)

    Australia26.0
    China21.6
    Hong Kong13.2
    Taiwan11.3
    Korea10.9
    Singapore5.8
    India3.3
    United Kingdom2.4
    New Zealand2.3
    Other3.3

    Top stock over/underweights (%)

    FundRelative
    Qantas Airways3.53.5
    Lenovo Group3.53.4
    China Mobile3.33.3
    Petrochina3.43.2
    Transurban Group3.63.2
    AIA Group Ltd0.0-1.6
    Commonwealth Bank of Australia0.0-1.7
    BHP Group0.0-2.1
    Alibaba Group Holding (P Chip)0.0-2.2
    Tencent Holdings0.0-3.5

    Fund Manager

    Andrew joined LGIM in August 2014 and is a Fund Manager in the Global Income team. He joined from the in-house pension scheme at BAE Systems, where he was head of the European equities team, and a member of the asset allocation committee. Previously, he managed European equities for institutional and retail funds at Henderson Global Investors and HSBC Asset Management. He started his career at Phillips & Drew in 1992, where he spent 10 years investing in UK, European and Japanese Equities. He has an MA in PPE from New College, Oxford. Andrew is a CFA charterholder (since 1998) and an ASIP.

    AndrewKoch

    Literature

    Income

    Latest dividends

    The latest dividends are shown below. The historic level of income generated by this fund may go down as well up and will vary over time.

    of

    Dividend history

    Total dividends paid in each financial year of the fund.

    Prices

    Name
    R GBP Acc
    Price
    873.70p
    Change (%)
    -0.44
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Inc
    Price
    473.20p
    Change (%)
    -0.44
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Acc
    Price
    950.10p
    Change (%)
    -0.44
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Price
    515.70p
    Change (%)
    -0.44
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    C GBP Acc
    Price
    91.14p
    Change (%)
    -0.44
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    C GBP Inc
    Price
    69.07p
    Change (%)
    -0.43
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Acc
    Price
    918.50p
    Change (%)
    -0.44
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Inc
    Price
    498.00p
    Change (%)
    -0.44
    Currency
    GBP
    Price time
    12:00 UK time

    A single swing price is displayed from 1st December 2020. Prior to this date, Bid and Offer prices are displayed for those funds that were previously dual priced.

    Key risks

    The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.

    Past performance is no guarantee of future results.

    The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.

    Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains.

    The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.

    We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.

    Index disclaimer

    Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2022. FTSE Russell is a trading name of certain of the LSE Group companies. “FTSE®” is a trade mark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.