A management fee reduction for selected L&G funds

Posted by Liz Rees in Fund and industry updates category on 30 Apr 20


L&G have reduced their fund management charges (from 23rd April 2020) which will be reflected in a lower OCF (Ongoing Charges Figure), as displayed in Morningstar and L&G factsheets. The OCF covers fees for management, custody, administration, audit and regulation. 

Details of the new charges are listed in the table below:

Fund/Class Name    Previous OCF (%) New OCF (%)
L&G Asian Income Trust R Acc 1.58   1.48 
L&G Asian Income Trust R Dist  1.58   1.48
L&G Dynamic Bond Fund R Acc 1.42   1.22 
L&G Dynamic Bond Fund R Dist 1.42   1.22 
L&G European Trust R Acc 1.56   1.46 
L&G European Trust R Dist 1.56   1.46 
L&G Global Emerging Markets Index Fund C Acc 0.23   0.19 
L&G Global Emerging Markets Index Fund C Dist 0.23   0.19 
L&G Global Emerging Markets Index Fund I Acc 0.33   0.25 
L&G Global Emerging Markets Index Fund I Dist 0.33   0.25 
L&G Global Emerging Markets Index Fund R Acc 0.71   0.63 
L&G Global Emerging Markets Index Fund R Acc 0.71   0.63 
L&G Global Equity Index Fund C Acc 0.28   0.19 
L&G Global Equity Index Fund I Acc 0.39   0.25 
L&G Global Equity Index Fund I Dist 0.39   0.25 
L&G Global Equity Index Fund R Acc 0.77   0.63 
L&G Global Equity Index Fund R Dist 0.77   0.63 
L&G Global Inflation Linked Bond Index Fund C Acc 0.17   0.15 
L&G Global Inflation Linked Bond Index Fund C Dist  0.17   0.15 
L&G Global Inflation Linked Bond Index Fund I Acc  0.27   0.25 
L&G Global Inflation Linked Bond Index Fund I Dist 0.27   0.25 
L&G Growth Trust R Acc 1.53   1.43 
L&G Growth Trust R Dist 1.53   1.43 
L&G Managed Monthly Income Trust R Acc 1.18 1.03
L&G Managed Monthly Income Trust R Dist 1.18 1.03
L&G UK Equity Income Fund R Acc 1.53 1.43
L&G UK Equity Income Fund R Dist 1.53 1.43
L&G UK Smaller Companies Trust R Acc 1.53 1.43
L&G UK Smaller Companies Trust R Dist 1.53 1.43
L&G UK Special Situations Trust R Acc 1.54 1.44
L&G UK Special Situations Trust R Dist 1.54 1.44
L&G Ethical Trust R Acc 0.69 0.55
L&G Ethical Trust R Dist 0.69 0.55
L&G Ethical Trust F Acc 0.45 0.32
L&G Ethical Trust F Dist 0.45 0.32
L&G Ethical Trust I Acc 0.31 0.25
L&G Ethical Trust I Dist 0.31 0.25