Fund facts
Fund size
€40.75m
Base currency
GBP
Launch date
Dec 2010
Domicile
United Kingdom
Statistics
Modified duration
9.06 years
As at 30 Jun 2023
Fund aim
Benchmark
Fund characteristics
Performance
Source: LGIM
Performance (%)
Performance summary (%)
As at 30 Jun 2023
| Cumulative | Fund | Benchmark |
| Quarterly | 0.31 | 0.27 |
| 6 months | 3.22 | 3.19 |
| Year to date | 3.22 | 3.19 |
| Annualised | Fund | Benchmark |
| 1 year | -1.42 | -1.41 |
| 3 years | 0.05 | 0.01 |
| 5 years | 0.10 | 0.07 |
| Since launch | 2.41 | 2.34 |
Rolling 12-month performance to last quarter end (%)
| 12 months to 30 June | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Fund | 0.92 | -0.57 | 4.46 | -2.76 | -1.42 |
| Benchmark | 0.88 | -0.56 | 4.41 | -2.82 | -1.41 |
Calendar year performance (%)
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Fund | -0.32 | 4.02 | 2.57 | 6.39 | -12.00 |
| Benchmark | -0.35 | 3.98 | 2.59 | 6.38 | -12.01 |
Monthly performance (%)
Annualised performance (%)
| Annualised | 1 year | 3 years | 5 years | Since launch |
|---|---|---|---|---|
| Fund | -1.42 | 0.05 | 0.10 | 2.41 |
| Benchmark | -1.41 | 0.01 | 0.07 | 2.34 |
For performance reporting purposes the relevant exchange rate is applied to GBP returns to convert into EUR. Performance is based on weekly mid-market prices before the deduction of fees.
Past performance is not a guide to future performance and the value of investments can go down as well as up.
Portfolio
As at 30 Jun 2023. All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index.
Currency (%)
| EUR | 100.0 |
Years to maturity (%)
| 0 - 5 Years | 32.7 | |
| 5 - 10 Years | 39.0 | |
| 10 - 15 Years | 4.6 | |
| 15 - 20 Years | 10.2 | |
| 20 - 25 Years | 11.7 | |
| 30 - 40 Years | 1.9 |
Credit rating (%)
| AAA | 28.3 | |
| AA | 71.7 |
| Top 10 holdings | 78.5 | |
| Rest of portfolio | 21.5 |
Top 10 holdings (%)
| French Govt Bond OAT 1.85% 25 Jul 27 | 11.6 |
| Deutsche IL Bond 0.5% 15 Apr 30 | 9.9 |
| Deutsche IL Bond 0.1% 15 Apr 26 | 8.4 |
| French Govt Bond OAT 3.15% 25 Jul 32 | 8.1 |
| French Govt Bond OAT 1.8% 25 Jul 40 | 8.1 |
| French Govt Bond OAT 0.7% 25 Jul 30 | 7.9 |
| French Govt Bond OAT 0.25% 25 Jul 24 | 7.9 |
| Deutsche IL Bond 0.1% 15 Apr 46 | 6.4 |
| French Govt Bond OAT 0.1% 25 Jul 47 | 5.3 |
| French Govt Bond OAT 0.1% 01 Mar 29 | 4.9 |
Country (%)
| France | 71.7 | |
| Germany | 28.3 |
Management Team
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.
LGIMIndex Fund Management Team
Literature
Fact sheets
2023Change date
KIDs and Key features
ESG reports
Prices
Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a
weekly close or daily close
basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
Weekly close
Name
Primary
Bid price
156.6649c
Mid price
156.7617c
Offer price
156.8596c
Absolute change
-
Currency
EUR
As at
22 Sep 2023
Weekly dealt funds are valued at the local market close on the day preceding the dealing day.
Daily close
Name
Primary
Mid price
152.4620c
Dealing price
152.4620c
Absolute change
-
Currency
EUR
As at
28 Sep 2023
Daily close dealt funds are valued at the local market close on the dealing day.
Daily midday
Name
n/a
Mid price
n/a
Dealing price
n/a
Absolute change
n/a
Currency
n/a
As at
n/a
Daily midday dealt funds are valued at the 12:00 (UK time) on the dealing day.
Key risks
The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.
Past performance is no guarantee of future results.
The value of an investment and any income taken from it is not guaranteed and can go down as well as up; you may not get back the amount you originally invested.
The return from your investment is not guaranteed and therefore you may receive a lower or higher return than you anticipated. There will be a variation in performance between funds with similar objectives due to the different assets selected.
PMC’s charges and associated transaction costs are subject to change, with notice for the former and without notice for the latter. Charges and transactions costs deducted from the policy reduce your potential for capital growth in the future.
Tax rules and the treatment of income and capital gains could change in the future and may be applied retrospectively.
Inflation reduces the purchasing power of money over time as the cost of purchasing goods and services increases. If the rate of inflation exceeds the rate of return on your portfolio, it will erode the value of your portfolio and its investments in real terms.
In extreme market conditions it may be difficult to realise assets held for a fund and it may not be possible to redeem units at short notice. We may have to delay acting on your instructions to sell or the price at which you cancel the units may be lower than you anticipated.
The value of a fund’s assets may be affected by uncertainties such as international political developments, market sentiment, economic conditions, changes in government policies, restrictions on foreign investment and currency repatriation, currency fluctuations and other developments in the laws and regulations of countries in which investment may be made.
PMC seeks to mitigate counterparty risk wherever possible on behalf of its policyholders through a variety of measures which include: each fund’s non-cash assets being held with independent custodians, sweeping cash (where appropriate) overnight into the LGIM’s range of Liquidity funds (above a deminimus level), using the delivery versus payment system when settling transactions and the use of central clearing for exchange traded derivatives and forward foreign exchange transactions. However, in the event of the failure of a counterparty, custodian or issuer there is a residual risk that a fund may suffer asset losses which are unrecoverable.
Important information
All performance periods over a year will be annualised.
This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.
All information relating to the unit linked life funds depicted within this tool is solely aimed at Irish domiciled trust based occupational pension schemes which are already policyholders of Legal and General Assurance (Pensions Management) Limited (“PMC”).
The information is designed to provide PMC’s policyholders with factual information about the investment options which they can select under their existing PMC unit linked insurance policy.
The provision of this information via this website is not intended to be promotional in nature. Should existing policyholders require further information, please contact the Irish client team at [email protected].
No investment decisions should be made without first reviewing the Key Information Document, the Key Features Document and Description of Funds of the relevant product which includes information on certain risks associated with an investment.
Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.
All information detailed on this website is current at the time of publication and may be changed in the future.
Source and third party data
Source: Unless otherwise indicated all data contained on this website is sourced from Legal and General Assurance (Pensions Management) Limited.
Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data.
Issuer
Information for all Pension and Life Funds is issued by Legal and General Assurance (Pensions Management) Limited (‘PMC’). It is a life insurance company which carries on linked insurance business. As part of that business, it holds investments divided into separate sub-funds known as PF Sections. The value of each Policy that it issues is determined by reference to the value of one or more of the PF Sections. Legal & General Investment Management Limited, has been appointed as the investment manager of these PF Sections and is authorised and regulated by the Financial Conduct Authority. LGIM also provides investment and marketing services to PMC.
Legal and General Assurance (Pensions Management) Limited is Registered in England and Wales No. 01006112. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, No. 202202.
Index disclaimer
Bloomberg® is a trademark and service mark of Bloomberg Finance L.P. (collectively with its affiliates, “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg does not approve or endorse this material, or guarantee the accuracy or completeness of any information herein, or make any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, shall not have any liability or responsibility for injury or damages arising in connection therewith.
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