Fund code

Fund facts

Fund size
-
Base currency
GBP
Launch date
Apr 2013
Domicile
UK

As at 31 Oct 2025

Fund aim

Benchmark

ABI Sector

UK Equity Income

Charges

Investment management charge	0.85%
Additional expenses	0.61%
Fund management charge	1.46%

Performance

Source: Lipper

Performance (%)

Change

Performance summary (%)

To month-end
To quarter-end

As at 31 Oct 2025

Cumulative	Fund	Benchmark
3 years	40.46	41.33
5 years	75.57	76.78

Annualised	Fund	Benchmark
1 year	21.82	19.96
3 years	11.98	12.21
5 years	11.91	12.06
Since launch	5.19	-

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: N/A

Benchmark: FTSE All-Share TR

Share class launch date: 18 Apr 2013

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 28 Feb 2018

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 28 Feb 2018

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 20 Dec 2012

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 20 Dec 2012

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 31 Mar 2011

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 31 Mar 2011

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 25 Apr 2019

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 31 Mar 2011

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 31 Mar 2011

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 31 Mar 2011

As at 30 Sep 2025

Cumulative	Fund	Benchmark
3 years	50.79	49.98
5 years	98.48	84.14

Annualised	Fund	Benchmark
1 year	16.94	16.17
3 years	14.66	14.45
5 years	14.69	12.98
Since launch	5.00	-

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: N/A

Benchmark: FTSE All-Share TR

Share class launch date: 18 Apr 2013

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 28 Feb 2018

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 28 Feb 2018

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 20 Dec 2012

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 20 Dec 2012

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 31 Mar 2011

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 31 Mar 2011

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 25 Apr 2019

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 31 Mar 2011

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 31 Mar 2011

Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 31 Mar 2011

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

Rolling 12-month performance to last quarter end (%)

	Fund	Benchmark
2016	8.08	16.82
2017	9.83	11.94
2018	0.24	5.87
2019	-4.70	2.68
2020	-26.10	-16.59
2021	38.38	27.89
2022	-4.87	-4.00
2023	11.51	13.84
2024	15.64	13.40
2025	16.94	16.17

12 months to 30 September	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Fund	8.08	9.83	0.24	-4.70	-26.10	38.38	-4.87	11.51	15.64	16.94
Benchmark	16.82	11.94	5.87	2.68	-16.59	27.89	-4.00	13.84	13.40	16.17

Calendar year performance (%)

	Fund	Benchmark
2015	5.96	0.98
2016	6.67	16.75
2017	9.86	13.10
2018	-16.82	-9.47
2019	20.00	19.17
2020	-14.67	-9.82
2021	12.26	18.32
2022	3.74	0.34
2023	3.92	7.92
2024	9.71	9.47

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Fund	5.96	6.67	9.86	-16.82	20.00	-14.67	12.26	3.74	3.92	9.71
Benchmark	0.98	16.75	13.10	-9.47	19.17	-9.82	18.32	0.34	7.92	9.47

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	21.82	11.98	11.91	5.19
Benchmark	19.96	12.21	12.06	-

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	16.94	14.66	14.69	5.00
Benchmark	16.17	14.45	12.98	-

Performance for the unit class in GBP, launched on . Source: Lipper.

Past performance is not a guide to the future.

Performance for the unit class in GBP, launched on 18 April 2013. Source: Lipper.

Past performance is not a guide to the future.

Performance for the C Acc unit class in GBP, launched on 28 February 2018. Source: Lipper.

Past performance is not a guide to the future.

Performance for the C Inc unit class in GBP, launched on 28 February 2018. Source: Lipper.

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.

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.

Past performance is not a guide to the future.

Performance for the I Acc unit class in GBP, launched on 31 March 2011. Source: Lipper.

Past performance is not a guide to the future.

Performance for the I Inc unit class in GBP, launched on 31 March 2011. Source: Lipper.

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.

Past performance is not a guide to the future.

Performance for the L Inc unit class in GBP, launched on 31 March 2011. Source: Lipper.

Past performance is not a guide to the future.

Performance for the R Acc unit class in GBP, launched on 31 March 2011. Source: Lipper.

Past performance is not a guide to the future.

Performance for the R Inc unit class in GBP, launched on 31 March 2011. Source: Lipper.

Past performance is not a guide to the future.

Portfolio

As at 31 Oct 2025. 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.

Market capitalisation (%)

	Large	78.6
	Mid	20.6
	Cash and Equivalents	0.7
	Other	0.1

	Top 10 holdings	43.1
	Rest of portfolio	56.9

No. of holdings

50

Top 10 holdings (%)

Shell	6.2
Astrazeneca	5.3
Lloyds Banking Gp	4.9
Barclays	4.2
Natwest Group	3.9
BAE Systems	3.9
BP	3.8
Tesco	3.7
Unilever	3.7
GSK	3.6

Country (%)

United Kingdom

100.0

	Fund	Relative
Real Estate	5.0	2.8
Basic Materials	8.6	2.7
Telecommunications	3.2	2.1
Consumer Discretionary	9.2	1.9
Energy	10.0	1.1
Industrials	13.0	-0.2
Utilities	2.7	-1.4
Technology	1.5	-1.8
Health Care	9.1	-2.5
Financials	23.6	-4.8

	Fund	Relative
Lloyds Banking Gp	4.9	2.9
Tesco	3.7	2.7
Qinetiq Group	2.5	2.4
Natwest Group	3.9	2.2
Aviva	2.8	2.1
AstraZeneca	5.3	-1.7
London Stock Exch	0.0	-1.8
Relx	0.0	-2.3
Rolls Royce Hldgs	0.0	-3.7
HSBC	1.4	-5.5

Fund managers

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.

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.

DavidJackson

MatthewCooke

Prices

Name

I GBP Acc

Price

137.20p

Change (%)

-0.07

Currency

GBP

Price time

12:00 UK time

Name

I GBP Inc

Price

73.18p

Change (%)

-0.10

Currency

GBP

Price time

12:00 UK time

Name

R GBP Acc

Price

122.50p

Change (%)

-0.08

Currency

GBP

Price time

12:00 UK time

Name

R GBP Inc

Price

65.35p

Change (%)

-0.11

Currency

GBP

Price time

12:00 UK time

Name

F GBP Acc

Price

130.80p

Change (%)

-0.15

Currency

GBP

Price time

12:00 UK time

Name

F GBP Inc

Price

70.10p

Change (%)

0.10

Currency

GBP

Price time

12:00 UK time

Name

C GBP Acc

Price

82.63p

Change (%)

-0.10

Currency

GBP

Price time

12:00 UK time

Name

C GBP Inc

Price

58.48p

Change (%)

-0.09

Currency

GBP

Price time

12:00 UK time

Name

L GBP Acc

Price

84.09p

Change (%)

-0.10

Currency

GBP

Price time

12:00 UK time

Name

L GBP Inc

Price

81.67p

Change (%)

-0.10

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

-

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Name

GBP

Price

1930.70p

Change (%)

-

Currency

GBP

Price time

12:00 UK time

Important Information

The fund performance provided is:

after all fund charges have been taken, but doesn't include any other product charges. Please see your product literature for more information on charges.
assuming all income generated by the investments remains within the fund

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.

Index disclaimer

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2025. 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.

Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). ©LSE Group 2025. 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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