Unit Trust (UCITS compliant)

Legal & General UK 350 Index Fund

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The extreme market uncertainty caused by COVID-19 meant that trading in the L&G UK Property Fund was suspended from 18th March 2020. The LGUTM Board has now decided that the exceptional circumstances which caused the Funds’ continued suspension no longer apply and we have reopened the fund on 13th October 2020.

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Fund facts

Fund size
£115.0m
Base currency
GBP
Launch date
26 Feb 1996
Domicile
UK
Share class launch

Statistics

As at 30 Sep 2020

Fund aim

The objective of the Fund is to provide a combination of growth and income by tracking the performance of the FTSE 350 Index (the “Index”). This objective is after the deduction of charges and taxation.

Benchmark

FTSE 350 Index

  • What does it invest in? Invests in shares in the 350 largest companies listed on the London Stock Exchange, as measured by market capitalisation.
  • How does it invest? Passively managed, aiming to replicate the performance of the Index.

Further details

Costs

Bid / Offer spread
0.72%

Codes

Dealing information

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

Portfolio

As at 30 Sep 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 (%)

Financials23.2
Consumer Goods16.4
Industrials13.0
Consumer Services12.6
Health Care11.9
Basic Materials9.2
Oil & Gas6.9
Utilities3.5
Telecommunications2.1
Technology1.2

Market capitalisation (%)

Large64.9
Mid24.8
Small10.3
Undefined0.0
Top 10 issuers35.4
Rest of portfolio64.6
No. of holdings in fund354
No. of holdings in index352

Top 10 issuers (%)

AstraZeneca PLC6.2
Royal Dutch Shell PLC4.2
GlaxoSmithKline PLC4.0
British American Tobacco PLC3.5
Diageo PLC3.4
HSBC Holdings PLC3.4
Unilever PLC2.9
Rio Tinto PLC2.8
Reckitt Benckiser Group PLC2.6
BP PLC2.5

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

Prices

Name
A GBP Acc
Bid price
138.20p
Offer price
139.10p
Absolute change
-0.0387
Currency
GBP
Price time
12:00 UK time
Name
I GBP Acc
Bid price
39.39p
Offer price
39.67p
Absolute change
-0.011
Currency
GBP
Price time
12:00 UK time
Name
I GBP Inc
Bid price
40.69p
Offer price
40.97p
Absolute change
-0.0114
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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