Unit Trust (UCITS compliant)

Legal & General UK Smaller Companies 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
£254.0m
Base currency
GBP
Launch date
9 Sep 1985
Domicile
UK
Share class launch

Statistics

Historical yield
0.4%

As at 31 Aug 2020

Fund aim

The objective of this Fund is to provide growth above that of the Numis ex-Investment Trusts Index Net TR, the “Benchmark Index”. The Fund aims to outperform the Benchmark Index by 3% per annum. This objective is before the deduction of any charges and measured over rolling three year periods.

Benchmark

Numis ex-Investment Trusts Index Net TR

  • What does it invest in? Invests at least 90% in shares of UK companies which are within the smallest 10% when measured by market capitalisation.
  • How does it invest? Actively managed, with holdings in between 50 and 100 companies on average over a typical market cycle of 3-5 years.

Further details

Costs

Price basis
Dual
Initial charge
0.00%
Ongoing charges figure
1.43%
Bid / Offer spread
2.88%

Codes

ISIN
GB00B032C178
SEDOL
B032C17
Bloomberg
LGUKSRA
MEX
LGUSCA

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 month5.635.46
    6 months-7.50-8.25
    Year to date-15.85-19.94
    3 years-7.23-10.86
    5 years5.1612.30
    Since launch242.96-
    AnnualisedFundBenchmark
    1 year-3.00-7.13
    3 years-2.47-3.76
    5 years1.012.34
    Since launch8.17-

    As at 30 Jun 2020

    CumulativeFundBenchmark
    Quarterly10.8016.60
    Year to date-20.68-24.97
    3 years-10.24-13.41
    5 years-1.904.44
    Since launch223.29-
    AnnualisedFundBenchmark
    1 year-8.25-14.96
    3 years-3.54-4.68
    5 years-0.380.87
    Since launch7.85-
    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-10.3621.9411.96-12.61-8.27
    Benchmark-6.5829.117.64-5.36-15.00

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund16.90-3.4420.94-18.5425.31
    Benchmark10.6111.0819.50-15.3525.17

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-3.00-2.471.018.17
    Benchmark-7.13-3.762.34-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-8.25-3.54-0.387.85
    Benchmark-14.96-4.680.87-

    Performance for the C Acc unit class in GBP, launched on 28 February 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.

    Performance for the E 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 E 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 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 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 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 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.

    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. 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.

    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. 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.

    Market capitalisation (%)

    Large0.0
    Mid54.9
    Small33.8
    Micro10.0
    Cash and Equivalents1.3

    Cash positions are held as collateral on futures

    Top 10 holdings31.1
    Rest of portfolio68.9
    No. of holdings71

    Top 10 holdings (%)

    Safestore Holdings4.0
    Discoverie Group3.9
    Dechra Pharmaceuticals3.6
    Genus3.4
    Cranswick3.2
    Ultra Electronics Holdings2.9
    Knights Group Holdings2.9
    CVS Group2.7
    Hill & Smith Holdings2.5
    Wizz Air Holdings2.2

    Country (%)

    United Kingdom100.0

    Top sector over/underweights (%)

    FundRelative
    Industrials29.39.6
    Health Care11.89.1
    Unclassified3.53.5
    Consumer Services18.21.8
    Consumer Goods8.30.0
    Oil & Gas1.9-1.8
    Utilities0.0-2.1
    Telecommunications0.0-2.8
    Basic Materials2.9-4.4
    Financials18.2-12.1

    Top 5 stock over/underweights (%)

    FundRelative
    Safestore Holdings4.04.0
    Dechra Pharmaceuticals3.63.6
    Discoverie Group3.93.5
    Genus3.43.4
    Cranswick3.23.2
    Plus5000.0-1.3
    Hastings Group Holdings0.0-1.4
    Spirent Communications0.0-1.4
    S4 Capital Plc0.0-1.4
    Centamin0.0-1.8

    Fund Manager

    Rod joined LGIM in 2000 and has been the Fund Manager for the UK Smaller Companies Trust since August 2013. He focuses on UK small and mid-cap funds which are typically concentrated, conviction weighted, benchmark agnostic portfolios. In Q3 2016, he was appointed co-head of Active Equity alongside Nick Hartley. Rod joined LGIM from Hermes Investment Management where he specialised in small company research. Prior to this, Rod worked in the transport asset rental industry. He graduated from Cambridge University with an Honours degree in Economics.

    RodOscroft

    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
    C GBP Acc
    Bid price
    45.90p
    Offer price
    47.22p
    Absolute change
    -0.0037
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Acc
    Bid price
    1016.00p
    Offer price
    1044.00p
    Absolute change
    -0.0824
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    n/a
    Bid price
    n/a
    Offer price
    n/a
    Absolute change
    n/a
    Currency
    n/a
    Price time
    n/a
    Name
    I GBP Acc
    Bid price
    1045.00p
    Offer price
    1074.00p
    Absolute change
    -0.0846
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Bid price
    858.70p
    Offer price
    883.30p
    Absolute change
    -0.0696
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    L GBP Acc
    Bid price
    48.70p
    Offer price
    50.09p
    Absolute change
    -0.0039
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Acc
    Bid price
    955.00p
    Offer price
    982.40p
    Absolute change
    -0.0776
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Inc
    Bid price
    835.80p
    Offer price
    859.80p
    Absolute change
    -0.0679
    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 invests in smaller companies. Investments in smaller companies tend to be riskier than investments in larger companies because they can: be harder to buy and sell; or go up and down in value more often and by larger amounts, especially in the short term. In times of market uncertainty or if an exceptional amount of withdrawals are requested it may become less easy for your fund to sell investments and the Manager may defer withdrawals, or suspend dealing. The Manager can only delay paying out if it is in the interests of all investors and with the permission of the fund trustee or depositary.

    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.

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