Unit Trust (UCITS compliant)

Legal & General Distribution Trust

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Important customer notice:

The extreme market uncertainty caused by COVID-19 meant that trading in the L&G UK Property Fund was suspended from 18th March 2020. We intend that the fund will reopen on 13th October 2020. Find out more

Fund facts

Fund size
£39.6m
Base currency
GBP
Launch date
28 Nov 2003
Domicile
UK
Share class launch

Statistics

Distribution yield
3.0%

As at 31 Jul 2020

Fund aim

The objective of the Fund is to provide a combination of income and growth.

Benchmark

  • What does it invest in? Invests either directly or via funds, with at least 60% in bonds and between 20% and 40% in company shares.
  • How does it invest? Actively managed, with the Manager aiming to identify a combination of investments that are expected to produce income, together with some potential for growth.

Further details

Costs

Price basis
Dual
Initial charge
0.00%
Ongoing charges figure
1.41%
Bid / Offer spread
0.83%

Codes

ISIN
GB0033860197
SEDOL
3386019
Bloomberg
LEGDISA
MEX
LGDISA

Dealing information

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

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Jul 2020

    CumulativeFundIA Sector
    1 month-0.650.49
    6 months-8.90-3.99
    Year to date-9.64-3.99
    3 years-5.234.57
    5 years2.8719.69
    Since launch77.52-
    AnnualisedFundIA Sector
    1 year-7.12-2.51
    3 years-1.771.50
    5 years0.573.66
    Since launch3.50-

    As at 30 Jun 2020

    CumulativeFundIA Sector
    Quarterly7.7310.27
    Year to date-9.05-4.45
    3 years-4.314.63
    5 years4.2619.68
    Since launch78.68-
    AnnualisedFundIA Sector
    1 year-5.58-0.94
    3 years-1.461.52
    5 years0.843.65
    Since launch3.56-
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 June 2016 2017 2018 2019 2020
    Fund0.468.461.60-0.23-5.59
    IA Sector2.1112.022.543.01-0.95

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund0.556.845.54-7.9811.78
    IA Sector1.2710.637.19-5.1612.22

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-7.12-1.770.573.50
    IA Sector-2.511.503.66-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-5.58-1.460.843.56
    IA Sector-0.941.523.65-

    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 R Acc unit class in GBP, launched on 28 November 2003. 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 28 November 2003. 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 Jul 2020. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Years to maturity (%)

    0 to 534.4
    5 to 1016.9
    10 to 154.4
    15 to 206.4
    20 to 251.8
    25 to 301.5
    30 to 401.1
    Non bond investments30.0
    Cash and Equivalents3.5

    Credit rating (%)

    AAA3.7
    AA12.8
    BBB21.7
    <BBB1.8
    BB6.9
    B6.4
    CCC0.5
    NR0.3
    Non bond investments30.0
    Other15.8

    Sector (%)

    Financials21.4
    Government14.4
    Unclassified10.2
    Utilities8.3
    Industrials6.8
    Basic Materials5.4
    Consumer Goods5.2
    Consumer Services5.0
    Cash and Equivalents3.5
    Other19.8
    Top 10 holdings18.1
    Rest of portfolio81.9

    Top 10 holdings (%)

    Treasury 5.00% 20255.5
    Treasury 1.50% 20213.0
    BHP Group1.6
    Rio Tinto1.6
    Astrazeneca plc1.3
    Anglo American Plc1.1
    British American Tobacco plc1.0
    Prudential Corp1.0
    BP 1.0
    GlaxoSmithKline plc1.0

    Country (%)

    United Kingdom60.0
    United States18.2
    France4.0
    Cash and Equivalents3.5
    Germany3.0
    Netherlands1.8
    China1.2
    South Africa1.1
    Italy0.8
    Other6.4

    Fund Manager

    LGIM Asset Allocation Team

    LGIM has over 35 years of experience in multi-asset investments and its asset allocation team continues to support LGIM’s range of multi-asset funds. The asset allocation team is managing this fund while Kevin Chessum, Associate Director, Asset Allocation is on leave.

    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
    F GBP Acc
    Bid price
    91.80p
    Offer price
    92.55p
    Absolute change
    -0.0071
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Inc
    Bid price
    52.10p
    Offer price
    52.52p
    Absolute change
    -0.0041
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Acc
    Bid price
    93.83p
    Offer price
    94.60p
    Absolute change
    -0.0073
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Bid price
    52.66p
    Offer price
    53.09p
    Absolute change
    -0.0041
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Acc
    Bid price
    87.72p
    Offer price
    88.44p
    Absolute change
    -0.0068
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Inc
    Bid price
    50.59p
    Offer price
    51.00p
    Absolute change
    -0.0039
    Currency
    GBP
    Price time
    12:00 UK time

    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.

    This fund holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell bonds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.

    The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.

    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.

    Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.

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