Unit Trust (UCITS compliant)

Legal & General Ethical 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
£260.1m
Base currency
GBP
Launch date
5 Jul 1999
Domicile
UK
Share class launch

Statistics

Historical yield
2.6%

As at 31 Aug 2020

Fund aim

The objective of the Fund is to provide growth by tracking the performance of the FTSE 350 Index (the “Index”), excluding shares of companies whose business does not meet a range of ethical and environmental guidelines (“ethical screening methodology”) determined by an external agency chosen by the Manager. This objective is after the deduction of charges and taxation.

Benchmark

FTSE 350 Index

  • What does it invest in? Invests in shares of UK companies in the FTSE 350 Index which have not been excluded due to ethical or environmental considerations.
  • How does it invest? Passively managed, aiming to replicate the performance of the filtered Index, after exclusion of companies which do not meet the ethical and environmental criteria set out in the ethical screening methodology.

Further details

Costs

Price basis
Dual
Initial charge
0.00%
Ongoing charges figure
0.55%
Bid / Offer spread
0.74%

Codes

ISIN
GB0009243824
SEDOL
0924382
Bloomberg
LEGETHA
MEX
LGETA

Dealing information

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

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Aug 2020

    CumulativeFundBenchmark
    1 month2.412.38
    6 months-6.94-7.71
    Year to date-17.92-18.73
    3 years-3.29-8.35
    5 years8.3816.94
    Since launch82.38-
    AnnualisedFundBenchmark
    1 year-7.05-12.95
    3 years-1.11-2.86
    5 years1.623.18
    Since launch3.07-

    As at 30 Jun 2020

    CumulativeFundBenchmark
    Quarterly14.839.92
    Year to date-18.59-17.60
    3 years-3.21-4.69
    5 years3.8814.87
    Since launch80.88-
    AnnualisedFundBenchmark
    1 year-10.03-13.14
    3 years-1.08-1.59
    5 years0.762.81
    Since launch3.06-
    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
    Fund-8.4917.296.281.25-10.06
    Benchmark2.3417.769.050.67-13.18

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund8.431.5111.20-12.1228.97
    Benchmark0.6916.8512.91-9.4719.19

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-7.05-1.111.623.07
    Benchmark-12.95-2.863.18-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-10.03-1.080.763.06
    Benchmark-13.14-1.592.81-

    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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the I Acc unit class in GBP, launched on 26 August 2005. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the I Inc unit class in GBP, launched on 26 August 2005. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the R 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the R Inc unit class in GBP, launched on 05 July 1999. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 25 October 1999. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis. Performance assumes that the average basic annual management charge our customers pay has been deducted. This is 0.90% for internal funds and up to 2.00% for external funds. Your charge and therefore your fund performance may be different from this.

    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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis. Performance assumes that the average basic annual management charge our customers pay has been deducted. This is 0.90% for internal funds and up to 2.00% for external funds. Your charge and therefore your fund performance may be different from this.

    Past performance is not a guide to the future.

    Portfolio

    As at 31 Aug 2020. All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index.

    Sector (%)

    Financials29.9
    Consumer Services18.1
    Industrials16.4
    Health Care12.2
    Basic Materials10.0
    Consumer Goods8.5
    Utilities2.7
    Technology1.9
    Telecommunications0.2
    Oil & Gas0.2

    Market capitalisation (%)

    Large56.0
    Mid31.8
    Small12.2
    Top 10 holdings40.6
    Rest of portfolio59.4
    No. of holdings in fund233

    Top 10 holdings (%)

    AstraZeneca Plc9.7
    HSBC Holdings plc5.9
    Diageo plc5.2
    Rio Tinto Plc4.5
    BHP Group Plc3.1
    Relx Plc2.8
    Prudential plc2.8
    London Stock Exchange Group2.4
    Experian Plc2.2
    CRH Plc2.0

    Country (%)

    United Kingdom100.0

    Management Team

    The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.

    LGIMIndex Fund Management Team

    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
    91.96p
    Offer price
    92.64p
    Absolute change
    -0.0159
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Inc
    Bid price
    56.00p
    Offer price
    56.40p
    Absolute change
    -0.0097
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Acc
    Bid price
    97.41p
    Offer price
    98.12p
    Absolute change
    -0.0168
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Bid price
    55.64p
    Offer price
    56.04p
    Absolute change
    -0.0096
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    L GBP Acc
    Bid price
    43.15p
    Offer price
    43.46p
    Absolute change
    -0.0074
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Acc
    Bid price
    87.69p
    Offer price
    88.33p
    Absolute change
    -0.0151
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Inc
    Bid price
    55.65p
    Offer price
    56.05p
    Absolute change
    -0.0096
    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.

    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.

    Index disclaimer

    Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2020. 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.

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