2
An active equity fund Adviser factsheet - not approved for retail customers LEGAL & GENERAL PENSION SCHRODER GLOBAL CITIES REAL ESTATE FUND 28 FEBRUARY 2019 PERFORMANCE AS AT 28 FEBRUARY 2019 CUMULATIVE(%) Fund ABI sector: ABI UK - Global Property-Pen 1 month 6 months 1 year 3 years 5 years Fund 1.22 -1.11 14.42 29.06 57.03 ABI sector -0.36 -1.12 10.66 23.83 48.94 Quartile 1 2 2 1 2 DISCRETE YEARS (%) 12 months to 31 Dec 14 31 Dec 15 31 Dec 16 31 Dec 17 31 Dec 18 Fund 19.24 4.45 17.41 4.61 -3.41 ABI sector 16.45 3.88 16.74 3.54 -2.42 Quartile 2 2 3 1 3 Past performance is not a guide to future performance. Performance data source: Lipper, bid to bid basis with net income reinvested. STATISTICAL ANALYSIS 1 year 3 years 5 years Alpha 0.06 -0.02 -0.08 Beta 1.28 1.25 1.27 Annualised volatility (fund) 13.57 12.23 12.72 Sharpe ratio 0.27 0.19 0.19 Information ratio 0.22 0.12 0.09 R-squared 0.94 0.96 0.97 Please note: The Alpha, Beta, Information ratio and R-squared values are calculated relative to the fund's ABI sector average. TOP 10 HOLDINGS AS AT 28 FEBRUARY 2019 Alexandria Real Estate Equities 4.50% Rexford Industrial Realty 3.98% Terreno Realty 3.89% Equity Lifestyle Properties Inc., 3.03% UDR 3.01% Healthcare Realty Trust 2.96% Deutsche Wohnen SE 2.76% Howard Hughes 2.75% Inmobiliaria Colonial S.A. 2.66% Mitsubishi Estate Co. 2.64% Percentage of fund in top 10 32.18% FUND OVERVIEW FUND AIM To provide income and capital growth by investing in equity and equity related securities of real estate companies worldwide. The fund invests at least 80% of its assets in equity and equity related securities of real estate companies worldwide which generate the majority of their earnings from real estate investment related activities. The fund seeks exposure to companies that invest in cities that the manager believes will exhibit continued economic growth, supported by factors such as strong infrastructure and supportive planning regimes. The fund may also invest in collective investment schemes that invest in equity and equity related securities of real estate companies, warrants and money market instruments, and may hold cash. The fund may use derivatives with the aim of reducing risk and to managing the fund more efficiently. FUND MANAGEMENT COMPANY Schroder Unit Trusts Limited Schroders manages £416.3 billion (EUR 486.7 billion/USD 520.6 billion) as at the 31 March 2017 on behalf of institutional and retail investors, financial institutions and high net worth clients from around the world, invested in a broad range of active strategies across equities, fixed income, multi-asset, alternatives and real estate. FUND MANAGER Tom Walker Joined Schroders in July 2014 as fund manager – Global Property Securities Over 15 years of real estate experience Deputy Head of Global Listed Real Estate at AMP Capital – 2005 – 2014 Jones Lang LaSalle – 1999 – 2005 BA in Politics from University of Newcastle Upon Tyne and a Graduate Diploma in Real Estate from London South Bank University MRICS
