Legal & General European Equity Income Fund
Unit Trust (UK UCITS compliant)
Legal & General European Equity Income Fund
I-Class GBP Accumulation
Fund aim
The objective of the Fund is to provide income in excess of the income generated by the FTSE World Europe ex-UK TR Net Index, the “Benchmark Index”, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth in 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.
Fund snapshot
- What does it invest in? Invests at least 85% in the shares of companies in Europe, excluding the UK.
- How does it invest? Actively managed, with holdings in between 35 and 70 companies on average over a typical market cycle of 3-5 years, which means the fund may be concentrated at times.
Fund facts
| Fund size (30 Sep 2026) | £242.0m |
| Base currency | GBP |
| Fund launch date | 12 Dec 2017 |
| Share class launch | 19 Dec 2017 |
| Domicile | UK |
Benchmark
FTSE Cus W Europe xUK Mid (12:00) Net (UK UCIT) TR
Costs
| Ongoing charges figure | 0.80% |
Performance
Portfolio breakdown
As at 30 Sep 2026
| Top 10 holdings | 33.2% |
|---|---|
| Rest of portfolio | 66.8% |
| No. of holdings | 57 |
|---|
Top 10 holdings (%)
| SAP | 4.3 |
| Siemens | 3.9 |
| Ing Groep N.V. | 3.8 |
| Publicis Groupe | 3.8 |
| Axa | 3.3 |
| Roche Hldgs | 3.1 |
| Banco Bilbao Vizca | 3.0 |
| Eni Spa | 2.9 |
| Fresenius&Kgaa | 2.6 |
| Ayvens | 2.5 |
Country (%)
Germany | 24.8 |
France | 23.2 |
Netherlands | 9.8 |
Switzerland | 7.0 |
Denmark | 6.9 |
Sweden | 6.3 |
United States | 5.1 |
Spain | 3.0 |
Italy | 2.9 |
Other | 11.1 |
| Top 10 holdings | 33.2% |
|---|---|
| Rest of portfolio | 66.8% |
| No. of holdings | 57 |
|---|
Top 10 holdings (%)
| SAP | 4.3 |
| Siemens | 3.9 |
| Ing Groep N.V. | 3.8 |
| Publicis Groupe | 3.8 |
| Axa | 3.3 |
| Roche Hldgs | 3.1 |
| Banco Bilbao Vizca | 3.0 |
| Eni Spa | 2.9 |
| Fresenius&Kgaa | 2.6 |
| Ayvens | 2.5 |
Country (%)
Germany | 24.8 |
France | 23.2 |
Netherlands | 9.8 |
Switzerland | 7.0 |
Denmark | 6.9 |
Sweden | 6.3 |
United States | 5.1 |
Spain | 3.0 |
Italy | 2.9 |
Other | 11.1 |
Market capitalisation (%)
Large | 90.1 |
Mid | 8.9 |
Small | 0.2 |
Cash and Equivalents | 0.8 |
Top 5 sector over/underweights (%)
| Fund | Relative | ||
|---|---|---|---|
| Consumer Staples | 10.2 | 4.8 | |
| Consumer Discretionary | 12.2 | 4.6 | |
| Health Care | 14.6 | 2.1 | |
| Telecommunications | 4.7 | 1.8 | |
| Energy | 6.2 | 1.0 | |
| Real Estate | 1.5 | 0.7 | |
| Industrials | 18.0 | -1.7 | |
| Utilities | 1.2 | -3.5 | |
| Financials | 22.1 | -4.1 | |
| Technology | 4.8 | -6.6 |
Top stock over/underweights (%)
| Fund | Relative | ||
|---|---|---|---|
| Publicis Groupe | 3.8 | 3.6 | |
| Ing Groep N.V. | 3.8 | 2.9 | |
| AXA | 3.3 | 2.6 | |
| SAP | 4.3 | 2.5 | |
| Eni Spa | 2.9 | 2.5 | |
| Schneider Electric | 0.0 | -1.6 | |
| Allianz | 0.0 | -1.6 | |
| Bancontander | 0.0 | -1.8 | |
| Novartis | 0.0 | -2.4 | |
| ASML | 0.0 | -6.3 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding. The figures shown for market capitalisation (the total share value of a company) may not be comparable between funds as they can be measured and classed in different ways.
Fund managers
David Jackson
David is a portfolio manager focusing on UK and European value equities. He joined L&G’s Asset Management division in 2019 from Paradigm Capital (Munich), where he was an equity analyst for the (pan-European) Value fund. Prior to that, he was a Captain in the British army. David read physics at Worcester College, University of Oxford and holds an MA in finance from London Business School. He is a CFA charterholder.
Matthew Cooke
Matt is a portfolio manager in the Active Strategies Equity team. He joined L&G’s Asset Management division in 2024 from Insight Investment where he was a Senior Portfolio Manager with responsibility for UK Income and Long/Short market neutral strategies. Matt graduated from Loughborough University with a BSc in economics with accounting. He has been a CFA charterholder since 2008.
Literature
Document type
Prices
Pricing information
| Price basis | Single swing |
| Price time | 12:00 UK time |
| Currency | GBP |
Codes and dealing
Codes
| ISIN | GB00BF18C898 |
| SEDOL | BF18C89 |
| Bloomberg | LGEEIAG LN |
| MEX | LGNTC |
Dealing information
| Valuation frequency | Daily, 12pm (UK time) |
| Dealing frequency | Daily |
| Settlement period | T+4 |
Country registration
This share class is registered for sale in the following countries:
