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Legal & General UK Mid Cap Index Class C - Accumulation (GBP)

Sell:83.13p Buy:83.13p Change: 0.67p (0.80%)
Prices as at 24 September 2026
Sell:83.13p
Buy:83.13p
Change: 0.67p (0.80%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 24 September 2026
Sell:83.13p
Buy:83.13p
Change: 0.67p (0.80%)
Prices as at 24 September 2026
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

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Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

This fund is a simple and low-cost way to invest in a range of medium-sized UK companies. These businesses are more domestically focused and have more room for growth than those from the FTSE 100, though they add greater risk.

The fund is different from a traditional FTSE 250 tracker as it excludes investment trusts, some of which invest outside the UK. This gives investors more targeted exposure to medium-sized UK-listed companies. It could be used as part of a global investment portfolio or diversify a portfolio focused on larger companies or other assets such as bonds.

Our view on the sector

The UK stock market is home to lots of world-class companies. From international giants to a diverse array of smaller businesses. This provides a rich hunting ground for fund managers in this sector. They all try to grow investors' money over the long term, but each goes about it in a different way. Some focus on larger companies in the FTSE 100 index, others invest in medium-sized or smaller companies, and some have the flexibility to invest in any company, regardless of size. Some aim to match or deliver a return similar to the broader UK stock market. Others have the freedom to try and make as much money as possible for investors and take more risks. That could mean investing in only a small number of companies, for instance. A fund that invests in UK shares is normally the first port of call for UK-based investors. But with such a variety on offer, investors should make sure a fund is right for their circumstances before investing.

Performance Analysis

The fund's tracked the FTSE 250 ex Investment Trusts Index closely since launch. A big part of this is down to the fund's low charges. As with all tracker funds though, performance will almost always be slightly behind the index due to the charges. Given Legal & General's size, experience and expertise running index tracker funds, we expect the fund to continue to track the index well in future, though there are no guarantees.

Investment Philosophy

Tracker funds are one of the simplest ways to invest. They aim to match the performance of an index, rather than beat it. This means they don't need analysts to research individual companies, which keeps costs to a minimum. If the fund's costs are low, it's likely to track the index more closely.

Process and Portfolio Construction

The fund aims to invest in every company in the FTSE 250 ex. Investment Trusts Index. This is known as 'full replication' and enables it to closely track the performance of the benchmark. Legal & General look for opportunities to reduce the costs involved with running the fund like keeping trading to a minimum. It also lends some of the fund’s investments to others in exchange for a fee, which increases risk.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

24/09/21 to 24/09/22 24/09/22 to 24/09/23 24/09/23 to 24/09/24 24/09/24 to 24/09/25 24/09/25 to 24/09/26
Annual return -25.22% 9.85% 17.76% 5.45% 15.20%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

Manager Name: LGIM Index Fund Management Team
Manager start date: 30 September 2013
Manager located in: London

The Index Fund Management Team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The Team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now