Morningstar Fund Report  | 10/04/2025Print

Legal & General UK Smaller Companies Trust R Class Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Legal & General UK Smaller Companies Trust R Class Accumulation
Fund24.0-24.82.74.3-6.7
+/-Cat1.1-0.72.9-1.30.4
+/-B’mrk---4.2-0.3-3.1
 
Category: UK Small-Cap Equity
Category Benchmark: Morningstar UK Small Cap TM...
Key Stats
NAV
09/04/2025		 GBX 937.60
Day Change -1.51%
Morningstar Category™ UK Small-Cap Equity
IA (formerly IMA) Sector UK Smaller Companies
ISIN GB00B032C178
Fund Size (Mil)
31/03/2025		 GBP 146.84
Share Class Size (Mil)
09/04/2025		 GBP 0.10
Max Initial Charge -
Ongoing Charge
21/03/2025		  1.43%
Investment Objective: Legal & General UK Smaller Companies Trust R Class Accumulation
The objective of the Fund is to provide growth above that of the Numis Smaller Companies ex-Investment Companies Index TR, the “Benchmark Index”. The Fund aims to outperform the Benchmark Index over rolling three year periods after the deduction of all fees and expenses. The Fund is actively managed and invests at least 70% in the shares of UK companies that are in the lowest 10% by capitalisation of UK stock markets. These companies are incorporated, headquartered or which have their principal business activities in the UK, or companies that are listed in the UK and constituents of the Benchmark Index.
Returns
Trailing Returns (GBP)09/04/2025
YTD-13.74
3 Years Annualised-6.55
5 Years Annualised1.89
10 Years Annualised0.65
12 Month Yield 1.95
Management
Manager Name
Start Date
Robert White
17/04/2023
Camilla Ayling
01/05/2023
Inception Date
09/09/1985

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Deutsche Numis SC Ex Invt Com TR GBPMorningstar UK Small Cap TME NR GBP
Portfolio Profile for  Legal & General UK Smaller Companies Trust R Class Accumulation31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.070.0098.07
Bond0.000.000.00
Property0.000.000.00
Cash2.640.721.93
Other0.000.000.00
Top 5 Regions%
United Kingdom95.66
United States1.45
Middle East1.26
Europe - Emerging0.86
Africa0.54
Top 5 Sectors%
Industrials20.20
Financial Services19.56
Consumer Cyclical17.01
Technology8.00
Real Estate7.46
Top 5 HoldingsSector%
Morgan Sindall Group PLCIndustrialsIndustrials3.17
JTC PLC Ordinary SharesFinancial ServicesFinancial Services3.06
Pennon Group PLCUtilitiesUtilities2.70
Empiric Student Property PLCReal EstateReal Estate2.49
Volution Group PLCIndustrialsIndustrials2.43
Increase Decrease New since last portfolio
Legal & General UK Smaller Companies Trust R Class Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Legal & General UK Smaller Companies Trust R Class Accumulation
Category:  UK Small-Cap Equity
Category Index:  Morningstar UK Small Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-18.5425.31-3.6323.99-24.762.664.32-6.72
+/- Category-6.560.05-10.921.14-0.732.90-1.310.39
+/- Category Index------4.25-0.35-3.06
% Rank in Category9461844650316038
Trailing Returns (GBP)09/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.51   -0.191.20
1 Week-7.44   -0.191.62
1 Month-8.62   0.902.30
3 Months-9.76   2.41-0.90
6 Months-15.83   -1.04-1.87
YTD-13.74   0.30-2.12
1 Year-10.53   0.27-3.17
3 Years Annualised-6.55   1.40-1.99
5 Years Annualised1.89   -1.85-0.56
10 Years Annualised0.65   -3.74-1.21
 
Category: UK Small-Cap Equity
Category Index: Morningstar UK Small Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-6.72---
20240.484.783.19-3.98
2023-1.56-1.33-2.087.93
2022-14.90-12.11-9.9911.76
20218.7310.145.14-1.53
2020-28.4110.803.9116.93
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearBelow AverageAverage2 star
10-YearLowBelow Average1 star
OverallBelow AverageAverage2 star
 
Category :  UK Small-Cap EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev16.52 %
3-Yr Mean Return-2.76 %
 
3-Yr Sharpe Ratio-0.41
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Small Cap TME NR GBP  Morningstar UK Small Cap TME NR GBP
3-Yr Beta0.940.94
3-Yr Alpha-2.84-2.84
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 1130-
Market Capitalisation% of Equity
Giant0.00
Large0.54
Medium13.00
Small77.95
Micro8.51
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings10.960.96
Price/Book1.521.00
Price/Sales0.840.98
Price/Cash Flow7.141.00
Dividend-Yield Factor3.400.95
 
Long-Term Projected Earnings Growth9.721.06
Historical Earnings Growth18.088.36
Sales Growth0.900.22
Cash-Flow Growth0.080.02
Book-Value Growth-1.75-1.34
 
Category: UK Small-Cap Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.070.0098.07
Bond0.000.000.00
Property0.000.000.00
Cash2.640.721.93
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States1.451.41
Canada0.000.00
Latin America0.000.00
United Kingdom95.661.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.8639.35
Africa0.542.21
Middle East1.262.92
Japan0.00-
Australasia0.000.00
Asia - Developed0.220.32
Asia - Emerging0.000.00
 
Category: UK Small-Cap Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.101.19
Consumer CyclicalConsumer Cyclical17.011.10
Financial ServicesFinancial Services19.561.17
Real EstateReal Estate7.461.89
Consumer DefensiveConsumer Defensive5.870.99
HealthcareHealthcare2.040.54
UtilitiesUtilities3.313.81
Communication ServicesCommunication Services6.170.76
EnergyEnergy3.281.19
IndustrialsIndustrials20.200.89
TechnologyTechnology8.000.58
 
Category: UK Small-Cap Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings92
Total Number of Bond Holdings0
Assets in Top 10 Holdings25.46
NameSectorCountry% of Assets
Morgan Sindall Group PLC310United Kingdom3.17
JTC PLC Ordinary Shares103United Kingdom3.06
Pennon Group PLC207United Kingdom2.70
Empiric Student Property PLC104United Kingdom2.49
Volution Group PLC310United Kingdom2.43
XPS Pensions Group PLC102United Kingdom2.40
Just Group PLC103United Kingdom2.40
Cranswick PLC205United Kingdom2.34
Paragon Banking Group PLC103United Kingdom2.29
TP ICAP GROUP PLC103United Kingdom2.19
 
Increase Decrease New since last portfolio
Category: UK Small-Cap Equity
 
Management
Name of CompanyLegal & General (Unit Trust Managers) Ltd
Phone-
Website -
AddressBrunel House
 Cardiff   CF24 0EB
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date09/09/1985
Fund Advisor(s)
Legal & General Investment Management Ltd.
Fund ManagerRobert White
Manager Start Date17/04/2023
 
Biography
Robert White has been a Portfolio Manager for Legal & General Investment Management since Dec 2018. Prior to L&G, Mr. White was assistant portfolio manager for Mirabaud Asset Management. Before joining Mirabaud in 2013, Mr. White was a senior associate within transaction services for PricewaterhouseCoopers.
Fund ManagerCamilla Ayling
Manager Start Date01/05/2023
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.43%
Ongoing Charge1.43%
Purchase Details
Minimum Investments
Initial100  GBP
Additional-
Savings50  GBP
Tax Free Savings Schemes
ISAsYes