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IA Direct and Hybrid Property
Legal & General Property Fund
Part of Legal & General Investment Funds ICVC
Latest factsheet
Jul 2026
Fund size
£982.1m
Yearly charge
0.55%
Manager fee
–
Income yield
3.40%
Holdings
–
Launched
23 May 2014
The Fund will be a Property Authorised Investment Fund for tax purposes at all times. Its objective is to provide a combination of income and capital growth through investing generally in property and managing cash.
Michael Barrie · Matt Jarvis
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | +0.37% | – | +0.62% | – |
| 3M | +2.35% | – | +1.86% | – |
| YTD | +5.83% | – | +3.04% | – |
| 1Y | +8.14% | – | +2.38% | – |
| 3Y | +15.38% | – | +1.79% | – |
| 3Y | +4.88% | – | +0.59% | – |
| 5Y | +14.55% | – | -1.06% | – |
| 5Y | +2.75% | – | -0.21% | – |
| Since launch | +117.58% | – | – | – |
| Since launch | +3.88% | – | – | – |
Calendar-year performance
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| +1.91% | +8.84% | +4.65% | +3.18% | -1.01% | +18.29% | -10.94% | +0.32% | +5.28% | +4.68% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Stansted - Hampton by Hilton | – | |
| 2 | Chelmsford - One Canalside | – | |
| 3 | Coleshill - Hams Hall - 170 (K+N) and 28 (ABB) | – | |
| 4 | Coleshill - Hams Hall - Tradeteam Distribution Unit | – | |
| 5 | Manchester - Malmaison | – | |
| 6 | Hammersmith - The Aircraft Factory | – | |
| 7 | Leamington Spa - Spa Park Units 1-8 | – | |
| 8 | Libra Industrial Estate, Milton Keynes | – | |
| 9 | London - Priestley Way, Staples Corner | – | |
| 10 | Units 6 - 9,MXL Centre | – |
Portfolio breakdown
Sector
| Industrial | 40.90% | |
| Other - Hotel | 15.30% | |
| Office - Regional | 12.00% | |
| Other - Build to Rent Residential | 9.00% | |
| Out of Town Retail | 8.60% | |
| Other - Self Storage | 6.40% | |
| Leisure | 5.20% | |
| Retail High Street | 1.40% | |
| Supermarkets | 1.20% |
Geography
| West Midlands | 25.20% | |
| East | 21.00% | |
| South West | 14.20% | |
| Sub London | 12.90% | |
| South East | 12.60% | |
| North West | 9.50% | |
| Scotland | 4.00% | |
| Yorkshire and Humberside | 0.50% |
Asset allocation
| UK Direct Property Asset Value | 58.80% | |
| Global Real Estate Investment Trusts | 34.20% | |
| Cash | 6.10% | |
| Reserved Cash (Developments) | 0.80% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| I Acc GBP | GB00BK35DV33 | BK35DV3 | acc | – | – | 0.55% | £1.0m |
| I Acc GBP Hedged | GB00BNTZFK12 | – | – | – | – | – | – |
| I Inc GBP | GB00BK35DT11 | – | – | – | – | – | – |
| I Inc GBP Hedged | GB00BNTZFQ73 | – | – | – | – | – | – |
| R Acc GBP | GB00BK35DS04 | – | – | – | – | – | – |
| R Inc GBP | GB00BK35DR96 | – | – | – | – | – | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 13 Sept 2026 |
| Jun 2026 | View original factsheet ↗ | 22 Aug 2026 |