As at 31 Aug 2026
To provide investment growth by investing in a diversified portfolio of UK real estate investments alongside investments in global companies that specialise in owning and managing property. The fund considers sustainability factors by avoiding or reducing investment in prospective tenants or companies that do not meet defined standards of responsible business behaviour or environmental expectations, including those identified through its approach to supporting progress towards net‑zero emissions over time. The Fund may also look to increase investment in properties and companies that demonstrate stronger sustainability characteristics across environmental and social themes. The standards and criteria may change from time to time without changing the overall objective.
The Fund aims to deliver income and capital growth through investment in a diversified portfolio of UK real estate and the Global Real Estate Investment Trusts (REITs) market.
Composite of the Association of British Insurers (ABI) UK – UK Direct Property – Pensions Sector and the Solactive L&G Green Real Estate Developed Index
The performance comparator benchmark will reflect a weighted allocation between the 2 composite constituents of the benchmark to align with the asset allocation of the Fund. The asset allocation of the Fund, and correspondingly the performance comparator benchmark, as at the quarter end, is shown within the ‘Asset Allocation %’ section of this document (please note: allocations to cash and indirect property form part of the property component of the comparator). In line with the active management of the fund, the weightings may change within the fund’s guidelines. Prior notification of changes to the weightings of the performance comparator benchmark will not be provided.
Composite of the Association of British Insurers (ABI) UK – UK Direct Property – Pensions Sector and the Solactive L&G Green Real Estate Developed Index
The performance comparator benchmark will reflect a weighted allocation between the 2 composite constituents of the benchmark to align with the asset allocation of the Fund. The asset allocation of the Fund, and correspondingly the performance comparator benchmark, as at the quarter end, is shown within the ‘Asset Allocation %’ section of this document (please note: allocations to cash and indirect property form part of the property component of the comparator). In line with the active management of the fund, the weightings may change within the fund’s guidelines. Prior notification of changes to the weightings of the performance comparator benchmark will not be provided.
UK Direct Property
| Investment management charge | 0.44% |
| Additional expenses | 0.11% |
| Fund management charge | 0.55% |
As at 31 Aug 2026. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
L&G Property Fund Management Team
The Fund is managed by Terry Martin. The Fund team also includes a Senior Asset Manager. This team is supported by L&G RA’s wider platform capabilities in ESG; Transactions; Research; Sector Specialism; Sustainability; Derivatives; and Planning and Development.
The fund performance provided is:
Please bear in mind that past performance is not a guide to future returns. The value of an investment and any income taken from it is not guaranteed and may go down as well as up. You could get back less than you invest.
Performance data source: Lipper.
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