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Pricing and charges

  • Selling price (p) 138.10
  • Buying price (p) 143.40
  • Historic yield (%)* 0.00
  • Ongoing Charge (%) 1.53
  • Initial Charge (%) 0.00
  • Performance Fee (%) 0%
  • Charges and fees explained

    *Reflects the net income payments declared over the past 12 months as a percentage of your investment.

Provides the potential for long-term growth by investing in a concentrated portfolio of around 35 to 50 companies listed in the UK.

  • Aims to go above and beyond other funds in its category through a unique approach to stock selection.
  • A flexible investment approach that takes advantage of changes in the economic cycle.

Please see below for the risks relating to this fund.

Alpha is the excess return of a fund relative to the return of its benchmark index. Put simply, it's the value a fund manager adds through their expertise compared to the returns that could be expected from the index alone.

Our investment team's stock-picking strategy is divided into two approaches: 'Deep value' and 'Strong growth'.

Deep value: looks at investing in companies that we believe are undervalued for their prospects. This could be companies that are well managed, have stable product lines and are profitable, but where demand for shares has fallen and the market has priced them at a discount. The fund team looks for indications that restore value such as new products, management changes, refinancing or restructuring that could increase profits over three years or less.

Strong growth: looks to invest in companies that show strong growth potential. These are companies which the fund team believe, through their experience, will match strong business fundamentals and a solid investment case over the long term, with above average growth.

UK Alpha Trust has two different prices, a price you buy at - the offer price, and a price you sell at - the bid price. The difference between the bid and offer prices is called the 'spread'. This accounts for the cost of buying and selling the underlying assets. UK Alpha Trust invests in smaller companies, and therefore can have a wider spread than other equity funds because these shares are harder to buy and sell. Please read 'A Guide to Investing with Us (pdf)' to find out more.

Pricing and charges

  • Selling price (p) 138.10
  • Buying price (p) 143.40
  • Historic Yield (%)* 0.00
  • Ongoing Charge (%) 1.53
  • Initial Charge (%) 0.00
  • Performance Fee (%) 0%
  • Charges and fees explained

    *Reflects the net income payments declared over the past 12 months as a percentage of your investment.

Annual fund performance to last quarter (%)

 

Fund

IMA Sector

March 19 -21.82.8
March 18 2.62.7
March 17 23.118.1
March 16 -7.2-2.5
March 15 -7.35.8

The graph above shows the cumulative performance of the fund over five years. It takes into account the ongoing charge, and assumes any income after tax is reinvested. The performance figures above are rounded to one decimal place.

The table shows the performance for 12-month periods over the last five years, to the end of the last quarter.

Past performance is not a guide to future performance.

Performance data source: Lipper

Rod Oscroft

Rod Oscroft, Lead Fund Manager & Co Head of Active Equity

Rod joined LGIM in 2000 and has been the Fund Manager for the UK Alpha Trust since January 2018. He focuses on UK small and mid-cap funds which are typically concentrated, conviction weighted, benchmark agnostic portfolios. In Q3 2016, he was appointed co-head of Active Equity alongside Nick Hartley. Rod joined LGIM from Hermes Investment Management where he specialised in small company research.  Prior to this, Rod worked in the transport asset rental industry. He graduated from Cambridge University with an Honours degree in Economics.

Simon Reid

Simon Reid, Co Fund Manager

Simon joined the Global Equity Desk within the Active Equity team at LGIM in 2016. He joined from Ennismore Fund Management, where he was a Fund Manager for more than a decade, running a concentrated long/short equity portfolio with a focus on smaller European companies.

Simon has an MSci in Mathematical Physics from the University of Nottingham and is a CFA charterholder.

Invest online today

0% initial charge on all our funds.


Investing with us

Maximum investments:

  • ISA - £20,000
  • Junior ISA - £4,368
  • Unit trust - unlimited

Minimum lump sum investment:

  • £100

Minimum regular investment (monthly):

  • £20

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