L&G Diversified EUR Fund
ICAV (UCITS compliant)
L&G Diversified EUR Fund
I-Class EUR Accumulation
ISINIE00BYX4Q975
Price112.56c20 Oct 2023
ISINIE00BYX4Q975
Price112.56c20 Oct 2023
Fund aim
The Fund aims to deliver long term capital growth through investment in other investment funds and direct securities. The Fund aims to outperform the euro short term rate (€STR) (the "Cash Benchmark") by 3.75% per annum. This objective is before the deduction of any charges and measured over the long term (i.e. 5-10 years). However, the Fund is actively managed and the Investment Manager has full discretion over the composition of the Fund’s portfolio.
Fund snapshot
- What does it invest in? Aims to have exposure to a globally diversified portfolio of company shares and related investments and bonds.
- How does it invest? Actively managed, investing in other investment funds and direct securities.
- Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics. Further information on how such characteristics are met by the Fund can be found in the Supplement.
Fund facts
| Fund size | €1,738.9m |
| Base currency | EUR |
| Fund launch date | 17 Aug 2016 |
| Domicile | Ireland |
| Share class launch | 28 Nov 2017 |
Benchmark
Cash benchmark: Euro Short Term Rate +3.75%; Comparator benchmark: MSCI World Net Total Return EUR Index
Costs
| Initial charge | 0.00% |
| Ongoing charges figure | 0.33% |
| Dilution levy | 0.180% - round trip |
| Entry anti-dilution levy | 0.10% |
| Exit anti-dilution levy | 0.08% |
Performance
Portfolio breakdown
As at 30 Sep 2023
Asset allocation (%)
Equities | 35.0 |
Developed Corporate Bonds | 19.2 |
Developed Government Bonds | 9.0 |
Alternatives | 36.8 |
Cash | - |
Equities (%)
| Europe ex UK Equity | 8.7 |
| Emerging Market Equity | 6.0 |
| North America Equity | 5.7 |
| Japan Equity | 5.5 |
| Developed Small Cap Equity | 3.9 |
| Asia Pacific ex Japan Equity | 3.0 |
| UK Equity | 1.2 |
| Frontier Market Equity | 1.1 |
Developed corporate bonds (%)
| USD Corporate Bonds | 9.8 |
| EUR Corporate Bonds | 6.8 |
| GBP Corporate Bonds | 2.6 |
Developed government bonds (%)
| Developed (ex Euro) Sovereign Debt | 2.7 |
| EUR Inflation-Linked Bonds | 2.0 |
| US Inflation-Protected Bonds | 1.9 |
| Index-Linked Gilts | 1.6 |
| Euro Sovereign Bonds | 0.8 |
Alternatives (%)
| Emerging Market Debt (Local) | 6.8 |
| Global High Yield | 6.4 |
| Global Real Estate* | 5.2 |
| Global Infrastructure* | 5.0 |
| Emerging Market Debt (Hard) | 3.1 |
| Global Private Equity | 2.8 |
| EUR Real Estate* | 2.1 |
| Commodities** | 2.1 |
| Insurance-Linked Bonds | 1.8 |
| Global Forestry | 1.3 |
Asset allocation (%)
Equities | 35.0 |
Developed Corporate Bonds | 19.2 |
Developed Government Bonds | 9.0 |
Alternatives | 36.8 |
Cash | - |
Equities (%)
| Europe ex UK Equity | 8.7 |
| Emerging Market Equity | 6.0 |
| North America Equity | 5.7 |
| Japan Equity | 5.5 |
| Developed Small Cap Equity | 3.9 |
| Asia Pacific ex Japan Equity | 3.0 |
| UK Equity | 1.2 |
| Frontier Market Equity | 1.1 |
Developed corporate bonds (%)
| USD Corporate Bonds | 9.8 |
| EUR Corporate Bonds | 6.8 |
| GBP Corporate Bonds | 2.6 |
Developed government bonds (%)
| Developed (ex Euro) Sovereign Debt | 2.7 |
| EUR Inflation-Linked Bonds | 2.0 |
| US Inflation-Protected Bonds | 1.9 |
| Index-Linked Gilts | 1.6 |
| Euro Sovereign Bonds | 0.8 |
Alternatives (%)
| Emerging Market Debt (Local) | 6.8 |
| Global High Yield | 6.4 |
| Global Real Estate* | 5.2 |
| Global Infrastructure* | 5.0 |
| Emerging Market Debt (Hard) | 3.1 |
| Global Private Equity | 2.8 |
| EUR Real Estate* | 2.1 |
| Commodities** | 2.1 |
| Insurance-Linked Bonds | 1.8 |
| Global Forestry | 1.3 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
LGIM Asset Allocation Team
The Fund’s asset allocation is set and maintained by LGIM’s Asset Allocation team. The team has a wealth of experience in fund management, investment strategy and economics. They are responsible for a wide range of multi-asset funds and investment strategies across LGIM's client base. The Fund allows a broad range of investors to access this expertise.
Sustainability
SFDR categorisation
Article 8No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by the Fund.
Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by the Fund.
Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
The Fund seeks to implement LGIM’s Responsible Investment Framework which aims to provide a consistent and systematic approach to exclusions, refined criteria and thresholds for setting environmental and social characteristics with a defined terminology and approach to support the implementation of such characteristics across the financial products managed by LGIM.
The Responsible Investment Framework sets out the various types of sustainability-related investment strategies that LGIM’s financial products can follow and the responsible investing methodologies that explain how such investment strategies are defined and implemented.
The Fund follows the following sustainability-related investment strategy through investment in other collective investment schemes, as well as direct holdings of securities:
Literature
Document type
Prices
Pricing information
| Price basis | Single - dilution levy |
| Price time | 22:30 Irish time |
| Currency | EUR |
Codes and dealing
Codes
| ISIN | IE00BYX4Q975 |
| SEDOL | BYX4Q97 |
| Bloomberg | LGDEIEA ID |
| MEX | - |
Dealing information
| Valuation frequency | Daily, 22:30 Irish time |
| Dealing frequency | Each Irish and UK Business Day |
| Settlement period | T+2 |
| Administrator/Custodian | Northern Trust |
Country registration
This share class is registered for sale in the following countries:
