ICAV (UCITS compliant)

L&G Multi-Index EUR III Fund

Fund facts

Fund size
Base currency
Launch date
26 Sep 2016
Share class launch


As at 31 Jan 2023

Fund aim

The Fund aims to generate capital growth and income through exposure to a diversified range of asset classes predominantly in other Collective Investment Schemes.



  • What does it invest in? Aims to have exposure to a globally diversified portfolio of company shares and related investments, bonds, cash and alternative investments.
  • How does it invest? Actively managed, investing predominantly in other investment funds which will typically be index-tracking.
  • 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


Price basis
Single - dilution levy
Initial charge
Ongoing charges figure
Dilution levy
0.18%- round trip
Entry Anti-Dilution Levy
Exit Anti-Dilution Levy



Dealing information

Valuation frequency
Daily, 22:30 Irish time
Dealing frequency
Each Irish and UK Business Day
Settlement period
Northern Trust

Country registration

This share class is registered for sale in the following countries:

Fund updates


Source: Lipper

Performance for the N EUR Acc unit class in EUR, launched on 26 September 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.

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 summary (%)

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

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): 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 costs23.393.30
Average return each year (%)-99.77-79.88
Unfavourable scenarioWhat you might get back after costs23.393.30
Average return each year (%)-99.77-79.88
Moderate scenarioWhat you might get back after costs10,136.9726.63
Average return each year (%)1.37-69.44
Favourable scenarioWhat you might get back after costs12,049.8218,942.85
Average return each year (%)20.5013.63

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

The unfavourable scenario was calculated using data from 2012-07 to 2016-09. As insufficient price points were available the following benchmark/s were utilised: Composite 54,MSCI ACWI Index.

The moderate scenario was calculated using data from 2014-09 to 2019-08. As insufficient price points were available the following benchmark/s were utilised: Composite 54.

The favourable scenario was calculated using data from 2017-01 to 2021-12.


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 predominantly 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 Exclusions
Solactive PAB Optimisation
Solactive Exclusions
Net Zero
SDG Alignment
Carbon Emissions Intensity Target
LGIM's Future World Protection List
LGIM's Climate Impact Pledge
Foxberry Paris Aligned
MSCI Exclusions
JPM Exclusions
Additional Exclusions
ESG Factor Evaluation
  • 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

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



Mid price
Change (%)
Price time
22:30 Irish time

For valuations and account queries contact:

Legal & General (Unit Trust Managers) Limited
PO Box 6080
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
Ballysimon Road
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


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.