Legal & General UK Equity Income Fund
Unit Trust (UK UCITS compliant)
Legal & General UK 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 All Share TR Net Index, the “Benchmark Index, measured before the deduction of any charges and over rolling five year periods, whilst aiming for capital growth over 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 80% in the shares of UK companies.
- How does it invest? Actively managed, with holdings in between 40 and 60 companies on average over a typical market cycle of 3-5 years.
Fund facts
| Fund size (30 Sep 2026) | £150.8m |
| Base currency | GBP |
| Fund launch date | 31 Mar 2011 |
| Share class launch | 31 Mar 2011 |
| Domicile | UK |
Benchmark
FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR
Costs
| Ongoing charges figure | 0.78% |
Performance
Portfolio breakdown
As at 30 Sep 2026
| Top 10 holdings | 43.4% |
|---|---|
| Rest of portfolio | 56.6% |
| No. of holdings | 47 |
|---|
Top 10 holdings (%)
| Shell | 7.2 |
| Astrazeneca | 4.8 |
| BP | 4.7 |
| Lloyds Banking Gp | 4.6 |
| Barclays | 4.4 |
| Rio Tinto | 4.3 |
| Natwest Group | 3.8 |
| GSK | 3.5 |
| BAE Systems | 3.1 |
| Unilever | 3.0 |
Country (%)
United Kingdom | 100.0 |
| Top 10 holdings | 43.4% |
|---|---|
| Rest of portfolio | 56.6% |
| No. of holdings | 47 |
|---|
Top 10 holdings (%)
| Shell | 7.2 |
| Astrazeneca | 4.8 |
| BP | 4.7 |
| Lloyds Banking Gp | 4.6 |
| Barclays | 4.4 |
| Rio Tinto | 4.3 |
| Natwest Group | 3.8 |
| GSK | 3.5 |
| BAE Systems | 3.1 |
| Unilever | 3.0 |
Country (%)
United Kingdom | 100.0 |
Market capitalisation (%)
Large | 82.5 |
Mid | 16.4 |
Small | 0.4 |
Cash and Equivalents | 0.6 |
Top 5 sector over/underweights (%)
| Fund | Relative | ||
|---|---|---|---|
| Basic Materials | 10.1 | 2.4 | |
| Real Estate | 3.5 | 1.5 | |
| Energy | 11.9 | 1.4 | |
| Consumer Staples | 13.4 | 1.2 | |
| Telecommunications | 2.1 | 0.8 | |
| Utilities | 4.3 | 0.0 | |
| Technology | 1.3 | -1.1 | |
| Industrials | 11.1 | -1.3 | |
| Health Care | 8.3 | -2.4 | |
| Financials | 27.2 | -2.8 |
Top stock over/underweights (%)
| Fund | Relative | ||
|---|---|---|---|
| Lloyds Banking Gp | 4.6 | 2.4 | |
| Qinetiq Group | 2.4 | 2.3 | |
| Barclays | 4.4 | 2.2 | |
| Aviva | 2.7 | 2.0 | |
| Natwest Group | 3.8 | 1.9 | |
| Relx | 0.0 | -1.5 | |
| AstraZeneca | 4.8 | -1.6 | |
| Glencore | 0.0 | -2.0 | |
| Rolls Royce Hldgs | 0.0 | -4.3 | |
| HSBC | 2.9 | -6.0 |
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 | GB00B6HBD759 |
| SEDOL | B6HBD75 |
| Bloomberg | LGUEIIA |
| MEX | LGAACR |
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:
