Collectives

SICAV (UCITS compliant)

L&G Multi-Asset Target Return Fund

I-Class GBP (Hedged) Income

ISINLU2052313744

Price

Fund aim

The objective of this Fund is to provide a combination of income and growth of ICE BofA EUR 3-Month Deposit Offered Rate Constant Maturity Index + 5% per annum, the “Benchmark”. This objective is before the deduction of any charges and measured over rolling three year periods. There is no guarantee that the manager will achieve the above objective in any period and capital invested in the Fund is at risk.

Fund snapshot

  • What does it invest in? Invests in a wide range of different types of investment, including funds, company shares, bonds, currencies and derivatives. May invest anywhere in the world, including in developing countries.
  • How does it invest? Actively managed, and seeks to achieve its return objective while managing overall volatility of the fund, reducing average sensitivity to global share prices and limiting losses in the event of a large fall in global shares.

Fund facts

Fund size€113.3m
Base currencyEUR
Fund launch date12 Dec 2018
DomicileLuxembourg
Share class launch30 Sep 2019
As at 31 Jan 2024

Benchmark

ICE BofA EUR 3-Month Deposit Offered Rate Constant Maturity Index + 5%

Costs

Initial charge0.00%
Ongoing charges figure0.69%
Dilution adjustment0.39% - round trip

Performance

Performance for the I GBP (Hedged) Inc unit class in GBP, launched on 30 September 2019. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.
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.
Share class launch date:30 Sep 2019
Benchmark:EONIA + 5% hedged back to GBP
Share class launch date:30 Sep 2019
Benchmark:EONIA + 5% hedged back to GBP
    Share class launch date:30 Sep 2019
    Benchmark:EONIA + 5% hedged back to GBP

    Fund managers

    Emiel van den Heiligenberg headshot

    Emiel van den Heiligenberg

    Emiel joined LGIM in August 2013 as Head of Asset Allocation with responsibility for asset allocation strategy and macro research. Prior to joining LGIM, Emiel was CIO of the Multi-Asset Solutions Group at BNP Paribas Investment Partners, and responsible for managing a range of multi-asset strategies including absolute return, diversified growth funds, LDI and fiduciary, balanced mandates and multi-manager mandates.

    Willem Klijnstra headshot

    Willem Klijnstra

    Willem is responsible for LGIM's tactical asset allocation strategies. Willem joined LGIM in 2014 from BNP Paribas Investment Partners where he held the title of Head of TAA Research and Strategies. In this role he took responsibility for the multi-asset investment process and active management of global multi-asset portfolios, leading a team of economists, strategists and analysts. Willem graduated from the University of Groningen and University of Amsterdam, and holds a master's degree in econometrics and actuarial sciences. Willem is also a CFA charterholder.

    Chris Jeffery headshot

    Chris Jeffery

    As the head of Rates and Inflation strategy at LGIM, Chris leads a team of experts who analyse and advise on fixed income markets. He has a wealth of cross-asset experience with a focus on developed and emerging market sovereign bonds and corporate credit. He joined LGIM in 2014 as part of the Asset Allocation team, after working as a senior economist and strategist at BNP Paribas Investment Partners. Before that, he was an economist at the Bank of England. Chris graduated with a first class degree in philosophy, politics and economics from University College, Oxford in 2015 and has an MSc in Economics (research) from the London School of Economics, and is a CFA charter holder.

    Christopher Teschmacher headshot

    Christopher Teschmacher

    Christopher is a fund manager in Multi-Asset Funds team with responsibilities in portfolio management and on-going development across the multi-asset product range. Christopher joined LGIM in 2015 from HSBC Global Asset Management.

    Literature

    Prices

    Pricing information

    Price basisSingle swing
    Price time23:00 CET
    CurrencyGBP
    Monthly price history

    Codes and dealing

    Codes

    ISINLU2052313744
    SEDOLBKLJVN5
    BloombergLGMTRII LX
    MEX-

    Dealing information

    Valuation frequencyDaily, 23:00 CET
    Dealing frequencyEach Business Day
    Settlement periodT+3
    Administrator/CustodianNorthern Trust

    Country registration

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

    Germany
    Ireland
    Luxembourg
    Spain
    Switzerland
    United Kingdom