ICAV (UCITS compliant)

L&G Diversified EUR Fund

I-Class EUR AccumulationR-Class EUR IncomeC-Class EUR AccumulationA-Class EUR AccumulationZ-Class EUR Accumulation
ISIN
Price113.34c
As at28 Mar 2023
Price106.26c
As at28 Mar 2023
Price120.97c
As at28 Mar 2023
Price156.01c
As at28 Mar 2023
This share class is not currently pricing.
Price123.45c
As at28 Mar 2023

Fund facts

Fund size
€1,743.1m
Base currency
EUR
Launch date
17 Aug 2016
Domicile
Ireland
Share class launch

Statistics

As at 28 Feb 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.

Benchmark

Cash benchmark: Euro Short Term Rate +3.75%; Comparator benchmark: MSCI World Net Total Return EUR Index

  • 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.

Further details

Costs

Price basis
Single - dilution levy
Initial charge
0.00%
Ongoing charges figure
0.33%
Dilution levy
0.23%- round trip
Entry Anti-Dilution Levy
0.12%
Exit Anti-Dilution Levy
0.11%

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:

Fund updates

Performance

Source: Lipper

Performance for the unit class in EUR, launched on . Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the unit class in EUR, launched on . Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the A EUR Acc unit class in EUR, launched on 26 January 2022. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the C EUR Acc unit class in EUR, launched on 19 December 2016. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the I EUR Acc unit class in EUR, launched on 28 November 2017. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the P EUR Acc unit class in EUR, launched on . Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the R EUR Inc unit class in EUR, launched on 22 August 2018. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the Z EUR Acc unit class in EUR, launched on 17 August 2016. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 28 Feb 2023

    CumulativeFundBenchmark
    1 month-1.500.49
    6 months-1.412.52
    Year to date2.810.96
    3 years7.0010.93
    5 years16.6918.53
    Since launch15.34-
    AnnualisedFundBenchmark
    1 year-6.014.18
    3 years2.283.52
    5 years3.133.46
    Since launch2.75-

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: N/A

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: N/A

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: 26 Jan 2022

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: 19 Dec 2016

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: 28 Nov 2017

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: N/A

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: 22 Aug 2018

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: 17 Aug 2016

    As at 31 Dec 2022

    CumulativeFundBenchmark
    Quarterly2.791.24
    Year to date-12.553.74
    3 years0.0710.46
    5 years11.4718.07
    Since launch12.19-
    AnnualisedFundBenchmark
    1 year-12.553.74
    3 years0.023.37
    5 years2.193.38
    Since launch2.28-

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: N/A

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: N/A

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: 26 Jan 2022

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: 19 Dec 2016

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: 28 Nov 2017

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: N/A

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: 22 Aug 2018

    Benchmark: EONIA +3.75% -> Euro Short Term Rate EUR + 3.75%

    Share class launch date: 17 Aug 2016

    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    FundBenchmark
    2013--
    2014--
    2015--
    2016--
    2017--
    2018-5.243.42
    201917.543.36
    20202.893.20
    202111.223.18
    2022-12.553.74

    Calendar year performance (%)

    FundBenchmark
    2013--
    2014--
    2015--
    2016--
    2017--
    2018-5.243.42
    201917.543.36
    20202.893.20
    202111.223.18
    2022-12.553.74

    Monthly performance (%)

     

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-6.012.283.132.75
    Benchmark4.183.523.46-

    Data as at 28.02.2023

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-12.550.022.192.28
    Benchmark3.743.373.38-

    Data as at 31.12.2022

    Performance scenarios

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): Example Investment €10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment €10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment €10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment €10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment €10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): Example Investment €10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment €10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment €10,000

    ScenariosIf you exit after 1 yearIf you exit after RHP
    MinimumThere is no minimum guaranteed return. You could lose some or all of your investment.
    Stress scenarioWhat you might get back after costs4,856.495,225.19
    Average return each year (%)-51.44-12.17
    Unfavourable scenarioWhat you might get back after costs8,744.3910,772.13
    Average return each year (%)-12.561.50
    Moderate scenarioWhat you might get back after costs10,744.4116,812.45
    Average return each year (%)7.4410.95
    Favourable scenarioWhat you might get back after costs13,606.1331,191.33
    Average return each year (%)36.0625.55

    There is no data currently available for this share class.

    The stress scenario shows what you might get back in extreme market circumstances.

    The unfavourable scenario was calculated using data from 2017-07 to 2022-06. As insufficient price points were available the following benchmark/s were utilised: Euro Short Term Rate EUR + 3.75%,MSCI ACWI Index.

    The moderate scenario was calculated using data from 2012-07 to 2016-12. As insufficient price points were available the following benchmark/s were utilised: MSCI ACWI Index.

    The favourable scenario was calculated using data from 2012-07 to 2013-10. As insufficient price points were available the following benchmark/s were utilised: MSCI ACWI Index.

    The stress scenario shows what you might get back in extreme market circumstances.

    The unfavourable scenario was calculated using data from 2015-04 to 2020-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The moderate scenario was calculated using data from 2012-07 to 2016-06. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The favourable scenario was calculated using data from 2012-07 to 2015-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The stress scenario shows what you might get back in extreme market circumstances.

    The unfavourable scenario was calculated using data from 2015-04 to 2020-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The moderate scenario was calculated using data from 2012-07 to 2016-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The favourable scenario was calculated using data from 2012-07 to 2015-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The stress scenario shows what you might get back in extreme market circumstances.

    The unfavourable scenario was calculated using data from 2015-04 to 2020-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The moderate scenario was calculated using data from 2012-08 to 2017-07. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The favourable scenario was calculated using data from 2012-07 to 2015-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    There is no data currently available for this share class.

    The stress scenario shows what you might get back in extreme market circumstances.

    The unfavourable scenario was calculated using data from 2015-04 to 2020-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The moderate scenario was calculated using data from 2012-07 to 2016-02. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The favourable scenario was calculated using data from 2012-07 to 2015-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The stress scenario shows what you might get back in extreme market circumstances.

    The unfavourable scenario was calculated using data from 2015-04 to 2020-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The moderate scenario was calculated using data from 2012-08 to 2017-07. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The favourable scenario was calculated using data from 2012-07 to 2015-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    Portfolio

    As at 28 Feb 2023. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Asset allocation (%)

    Equities34.3
    Developed Corporate Bonds19.6
    Developed Government Bonds11.9
    Alternatives34.3
    Cash-

    Equities (%)

    Europe ex UK Equity8.4
    Emerging Market Equity6.0
    North America Equity5.5
    Japan Equity5.3
    Developed Small Cap Equity4.0
    Asia Pacific ex Japan Equity3.2
    UK Equity1.0
    Frontier Market Equity0.8

    Developed corporate bonds (%)

    USD Corporate Bonds10.6
    EUR Corporate Bonds7.0
    GBP Corporate Bonds2.0

    Government bonds (%)

    Developed government bonds (%)

    Developed (ex Euro) Sovereign Debt4.8
    EUR Inflation-Linked Bonds2.5
    US Inflation-Protected Bonds2.0
    Index-Linked Gilts1.5
    Euro Sovereign Bonds1.1

    Credit and emerging market debt (%)

    Alternatives (%)

    Emerging Market Sovereign Debt (local)6.7
    Global High Yield6.2
    Global Real Estate*5.4
    Infrastructure*5.4
    Emerging Market Sovereign Debt (USD)3.1
    Private Equity2.5
    EU Real Estate*2.0
    Commodities**2.0
    Timberland/Farmland*1.0

    UK (%)

    Europe ex UK (%)

    North America (%)

    Japan (%)

    Asia Pacific ex Japan (%)

    Emerging markets (%)

    Energy (%)

    Grains (%)

    Industrial Metals (%)

    Precious Metals (%)

    Softs (%)

    Livestock (%)

    *Exposure through shares in listed vehicles. **Exposure through investing in funds that aim to provide a similar return to selected commodity indices. The underlying funds invest in derivatives to provide the return of the specified indices. Asset allocations are subject to change.

    Fund Manager

    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 8Article 8: These funds promote environmental and/or social characteristics

    Environmental characteristics

    The Fund promotes the following environmental characteristics relating to climate change:

    • reduction of greenhouse gas emissions intensity;
    • avoiding investments in certain fossil fuels; and
    • support of renewable energy.
    Social characteristics

    The Fund promotes the following social characteristics relating to social norms and standards:

    • avoiding the financing of controversial weapons.

    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:

    Battery Value-Chain Theme
    Clean Water Theme
    Clean Energy Theme
    Hydrogen Economy Theme
    Healthcare Breakthrough Theme
    Pharma Breakthrough Theme
    Green Bonds
    RAFI ESG Score
    RAFI Exclusions
    Solactive PAB Optimisation
    Solactive Exclusions
    Net Zero
    SDG Alignment
    Carbon Emissions Intensity Target
    LGIM ESG Score
    LGIM's Future World Protection List
    LGIM's Climate Impact Pledge
    Foxberry Paris Aligned
    MSCI Exclusions
    MSCI ESG Score
    JPM Exclusions
    JPM ESG Score
    Additional Exclusions
    ESG Factor Evaluation
    Decarbonisation
    • The Fund aims to deliver a reduction in the carbon footprint of the portfolio on a rolling three-year basis. Carbon footprint aims to measure the volume of carbon emissions of investee companies in relation to their enterprise value including cash (“EVIC”) expressed per $1 million.
    • This will be achieved by investing in collective investment schemes and direct securities that in aggregate are consistent with the decarbonisation aim of the overall portfolio.
    • LGIM makes use of third-party carbon footprint metrics and other proprietary tools, including LGIM’s proprietary climate risk tool, LGIM [email protected], to determine the Fund’s current and expected future alignment with the decarbonisation aim.
    LGIM Coal Policy

    The Fund limits exposure to, and where possible excludes, issuers that fail to meet LGIM’s minimum requirements on the carbon transition. This includes companies that derive 20% or more of their revenues from coal mining and extraction or coal-fired power generation. Companies that derive more than 20% of revenues from oil sands are also excluded, in line with the Coal Exclusion Policy. The scope of the Policy includes thermal coal, however does not extend to metallurgical coal.

    Our coal exclusion list has been developed in conjunction with a third-party service provider and will apply to publicly listed, private and state-owned companies.

    The list, which applies to the corporate entity only and not the parent company, is reviewed twice a year. Where new companies are identified we will seek to divest holdings within the following 90 days from the effective date of the exclusion.

    Further information can be found at: LGIM’s Policy on coal

    LGIM Controversial Weapons

    The Fund limits exposure to, and where possible excludes, issuers that are involved in the manufacture and production of controversial weapons in accordance with the Controversial Weapons Policy.

    Our exclusion list has been developed in conjunction with a third-party service provider. Publicly listed, private and state-owned companies will be excluded on the following basis:

    • The company is involved in the core weapons system, or components/services of the core weapons system, considered tailor-made and essential for the lethal use of the weapon
    • The company is involved in the production, maintenance/service, sale/trade, or research and development of the core weapons system.

    The restriction relates solely to the corporate entity, rather than a company’s parent owner.

    LGIM has engaged a third-party service provider to identify companies involved in the production of controversial weapons as outlined in this policy, and to support in the development of an exclusion list. The list is reviewed bi-annually and where new companies are identified or should companies be removed from the list, we will seek to divest holdings within the following 90 days, although we may not always be able to do so.

    Further information including the types of controversial weapons in scope can be found at: LGIMH Controversial Weapons Policy

    J.P. Morgan ESG Exclusions
    J.P. Morgan ESG Score
    FTSE ESG Exclusions
    ROBO Global ESG Policy
    Solactive ESG Exclusions
    Solactive ESG Enhanced Exclusions
    Nasdaq ESG Exclusions
    Stoxx Exclusions
    Taxonomy

    While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR. Accordingly, it should be noted that the investments underlying the Fund do not take into account the EU criteria for environmentally sustainable economic activities within the meaning of the Taxonomy Regulation.

    Sustainable Investments

    While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR.

    Principal Adverse Impacts

    The Fund considers principal adverse impacts on sustainability factors and LGIM has identified a subset of the adverse sustainability indicators that are relevant to the Fund’s investments. The Fund considers principal adverse impacts, identified using the below listed sustainability indicators, through the implementation of the Fund’s ESG investment strategy.

    • PAI 1: GHG emissions
    • PAI 2: Carbon footprint
    • PAI 3: GHG intensity of companies
    • PAI 4: Exposure to fossil fuel companies
    • PAI 5: Share of non-renewable energy
    • PAI 6: Energy consumption intensity
    • PAI 14: Controversial weapons

    Literature

    Key literature

    Fact sheet
    28 Feb 2023
    Fact sheet
    28 Feb 2023
    Fact sheet
    28 Feb 2023
    Fact sheet
    28 Feb 2023
    Fact sheet
    28 Feb 2023
    KIID
    13 Mar 2023
    KIID
    13 Mar 2023
    KIID
    13 Mar 2023
    KIID
    20 Feb 2023
    KIID
    13 Mar 2023
    Prospectus
    30 Nov 2022
    SFDR Product Summary
    01 Jan 2023
    Upgrading LGIM's Diversified Fund range to SFDR Article 8
    11 Nov 2022
    Product profile
    22 Jan 2021
    Non-Trading Days
    01 Jan 2023

    Fact sheets

    2023Change date
    Fact sheet
    Choose share class

    Marketing documents

    Product profile
    22 Jan 2021
    Upgrading LGIM's Diversified Fund range to SFDR Article 8
    11 Nov 2022

    Legal documents

    KIID
    13 Mar 2023
    KIID
    13 Mar 2023
    KIID
    13 Mar 2023
    KIID
    20 Feb 2023
    KIID
    13 Mar 2023
    Prospectus
    30 Nov 2022
    Country Supplement - UK
    19 Dec 2022
    Incorporation Document
    06 Jan 2022
    UK EMT costs and charges
    23 Jan 2023
    European EMT costs and charges
    23 Jan 2023

    Reports and accounts

    2022Change date
    Annual Report and Accounts
    31 Dec 2021
    Annual Report and Accounts
    31 Dec 2020
    Annual Report and Accounts
    31 Dec 2019
    Annual Report and Accounts
    31 Dec 2018
    Annual Report and Accounts
    31 Dec 2017
    Annual Report and Accounts
    31 Dec 2016
    Interim Report and Accounts
    30 Jun 2022
    Interim Report and Accounts
    30 Jun 2021
    Interim Report and Accounts
    30 Jun 2020
    Interim Report and Accounts
    30 Jun 2019
    Interim Report and Accounts
    30 Jun 2018
    Interim Report and Accounts
    30 Jun 2017

    Trading information

    Non-Trading Days
    01 Jan 2023

    Prices

    This share class is not currently pricing.
    Name
    I EUR Acc
    Mid price
    113.34c
    Change (%)
    -0.22009
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    R EUR Inc
    Mid price
    106.26c
    Change (%)
    -0.225352
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    C EUR Acc
    Mid price
    120.97c
    Change (%)
    -0.222699
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    A EUR Acc
    Mid price
    156.01c
    Change (%)
    -0.223842
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    n/a
    Mid price
    n/a
    Change (%)
    n/a
    Currency
    n/a
    Price time
    n/a
    Name
    Z EUR Acc
    Mid price
    123.45c
    Change (%)
    -0.226299
    Currency
    EUR
    Price time
    22:30 Irish time

    For valuations and account queries contact:

    Legal & General (Unit Trust Managers) Limited
    PO Box 6080
    Wolverhampton
    WV1 9RB
    Tel : 0370 050 0955
    Email: [email protected]

    Legal & General ICAV
    LGIM Liquidity Funds Plc
    Northern Trust International Fund Administration Services (Ireland) Limited
    City East Plaza - Block A
    Towlerton
    Ballysimon Road
    Limerick
    Ireland
    V94 X2N9
    Fax: +353 1 434 5293
    Telephone: +353 1 434 5080
    Email: [email protected]

    Legal & General SICAV
    Northern Trust Global Services SE
    10 Rue du Château d'Eau
    L-3364 Leudelange
    Grand-Duché de Luxembourg
    Facsimile: +352 28 294 454
    Telephone: +352 28 294 123
    Email: [email protected]

    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 fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.

    By investing in other funds this fund indirectly holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell its holdings in other funds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.

    The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.

    Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains.

    The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.

    We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.

    Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.

    Important information

    This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.

    No investment decisions should be made without first reviewing the key investor information document and prospectus (and any supplements thereto) 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.

    This information is only directed at investors resident in jurisdictions where each fund is registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.

    All information detailed on this website is current at the time of publication and may be changed in the future.

    Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.

    Source and third party data

    Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment 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

    Issued by Legal & General Investment Management Limited as promoter and distributor for this fund in the UK.

    Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.

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