SICAV (UCITS compliant)

L&G Multi-Asset Target Return Fund

Fund facts

Fund size
€106.7m
Base currency
EUR
Launch date
12 Dec 2018
Domicile
Luxembourg
Share class launch

Statistics

As at 31 Jan 2023

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.

Benchmark

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

  • 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.

Further details

Costs

Price basis
Single swing
Initial charge
0.00%
Ongoing charges figure
0.69%
Dilution adjustment
0.61%- round trip
Swing factor
0.305%

Codes

ISIN
LU2052313744
SEDOL
BKLJVN5
Bloomberg
LGMTRII LX
MEX
-

Dealing information

Valuation frequency
Daily, 23:00 CET
Dealing frequency
Each Business Day
Settlement period
T+3
Administrator/Custodian
Northern Trust

Country registration

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

Performance

Source: Lipper

LIBOR is changing: read more on how future reforms of interbank offered rates may affect your investments with us.

Performance for the I EUR Acc unit class in EUR, launched on 12 December 2018. 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.

Performance for the I GBP (Hedged) Acc unit class in GBP, launched on 25 April 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.

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.

Performance for the I JPY (Hedged) Acc unit class in JPY, launched on 10 May 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.

Performance for the I USD (Unhedged) Acc unit class in USD, launched on 04 February 2022. 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.

Performance for the I USD (Hedged) Acc unit class in USD, launched on 25 April 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.

Performance for the P EUR Acc unit class in EUR, launched on . 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.

Performance for the R EUR Acc unit class in EUR, launched on . 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.

Performance for the X EUR Acc unit class in EUR, launched on . 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.

Performance for the Z EUR Acc unit class in EUR, launched on 12 December 2018. 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.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Jan 2023

    CumulativeFundBenchmark
    1 month1.630.60
    6 months2.333.49
    Year to date1.630.60
    3 years3.0116.62
    5 years--
    Since launch6.2212.46
    AnnualisedFundBenchmark
    1 year-2.836.43
    3 years0.995.25
    5 years--
    Since launch1.823.58

    As at 31 Dec 2022

    CumulativeFundBenchmark
    Quarterly4.511.98
    Year to date-5.876.25
    3 years0.7615.45
    5 years--
    Since launch4.5211.79
    AnnualisedFundBenchmark
    1 year-5.876.25
    3 years0.254.90
    5 years--
    Since launch1.373.49
    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--
    2019--
    20202.7110.42
    20214.22-1.60
    2022-5.876.25

    Calendar year performance (%)

    FundBenchmark
    2013--
    2014--
    2015--
    2016--
    2017--
    2018--
    2019--
    20202.7110.42
    20214.22-1.60
    2022-5.876.25

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-2.830.99-1.82
    Benchmark6.435.25-3.58

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-5.870.25-1.37
    Benchmark6.254.90-3.49

    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

    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): 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): 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): 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

    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 costs6,999.617,531.12
    Average return each year (%)-30.00-5.51
    Unfavourable scenarioWhat you might get back after costs9,103.0011,190.78
    Average return each year (%)-8.972.28
    Moderate scenarioWhat you might get back after costs10,560.8713,140.58
    Average return each year (%)5.615.61
    Favourable scenarioWhat you might get back after costs11,235.8013,512.79
    Average return each year (%)12.366.21

    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: ICE BofA Euro 3 M Dep Offer Cons Mat TR EUR + 5%.

    The moderate scenario was calculated using data from 2012-07 to 2017-05. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR EUR + 5%.

    The favourable scenario was calculated using data from 2014-05 to 2019-04. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR EUR + 5%.

    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: ICE BofA Euro 3 M Dep Offer Cons Mat TR GBPH + 5%.

    The moderate scenario was calculated using data from 2014-05 to 2019-04. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR GBPH + 5%.

    The favourable scenario was calculated using data from 2014-04 to 2019-03. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR GBPH + 5%.

    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: ICE BofA Euro 3 M Dep Offer Cons Mat TR GBPH + 5%.

    The moderate scenario was calculated using data from 2012-07 to 2015-04. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR GBPH + 5%.

    The favourable scenario was calculated using data from 2015-01 to 2019-12. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR GBPH + 5%.

    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: ICE BofA Euro 3 M Dep Offer Cons Mat TR JPYH + 5%.

    The moderate scenario was calculated using data from 2013-02 to 2018-01. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR JPYH + 5%.

    The favourable scenario was calculated using data from 2012-07 to 2013-06. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR JPYH + 5%.

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

    The unfavourable scenario was calculated using data from 2012-07 to 2015-03. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR USD + 5%.

    The moderate scenario was calculated using data from 2013-05 to 2018-04. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR USD + 5%.

    The favourable scenario was calculated using data from 2012-07 to 2013-12. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR USD + 5%.

    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: ICE BofA Euro 3 M Dep Offer Cons Mat TR USDH + 5%.

    The moderate scenario was calculated using data from 2012-07 to 2013-10. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR USDH + 5%.

    The favourable scenario was calculated using data from 2014-04 to 2019-03. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR USDH + 5%.

    There is no data currently available for this share class.

    There is no data currently available for this share class.

    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: ICE BofA Euro 3 M Dep Offer Cons Mat TR EUR + 5%.

    The moderate scenario was calculated using data from 2012-07 to 2017-04. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR EUR + 5%.

    The favourable scenario was calculated using data from 2014-05 to 2019-04. As insufficient price points were available the following benchmark/s were utilised: ICE BofA Euro 3 M Dep Offer Cons Mat TR EUR + 5%.

    Fund Managers

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

    Emielvan den Heiligenberg

    WillemKlijnstra

    ChrisJeffery

    ChristopherTeschmacher

    Literature

    Trading information

    Prices

    This share class is not currently pricing.
    This share class is not currently pricing.
    This share class is not currently pricing.
    Name
    I GBP Hedged Acc
    Mid price
    102.30p
    Change (%)
    -
    Currency
    GBP
    Price time
    22:30 CET
    Name
    I GBP Hedged Inc
    Mid price
    106.92p
    Change (%)
    -
    Currency
    GBP
    Price time
    22:30 CET
    Name
    I EUR Acc
    Mid price
    107.07c
    Change (%)
    -
    Currency
    EUR
    Price time
    22:30 CET
    Name
    I USD Acc
    Mid price
    89.96c
    Change (%)
    -
    Currency
    USD
    Price time
    22:30 CET
    Name
    I USD Hedged Acc
    Mid price
    107.20c
    Change (%)
    -
    Currency
    USD
    Price time
    22:30 CET
    Name
    I JPY Hedged Acc
    Mid price
    ¥100.87
    Change (%)
    -
    Currency
    JPY
    Price time
    22:30 CET
    Name
    n/a
    Mid price
    n/a
    Change (%)
    n/a
    Currency
    n/a
    Price time
    n/a
    Name
    n/a
    Mid price
    n/a
    Change (%)
    n/a
    Currency
    n/a
    Price time
    n/a
    Name
    n/a
    Mid price
    n/a
    Change (%)
    n/a
    Currency
    n/a
    Price time
    n/a
    Name
    Z EUR Acc
    Mid price
    109.93c
    Change (%)
    -
    Currency
    EUR
    Price time
    22:30 CET

    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 is a Target Return Fund. This type of fund tries to increase the value of your investment over a period of time, in both rising and falling markets. However, there is no guarantee of returns. You may not get back the money you invest. Target Return Funds use a range of different types of investment strategies and may use derivatives. It is possible that the value of these funds could go down when the market is rising, or may not rise as quickly.

    This fund 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 bonds 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 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.

    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 impact to the fund can be greater where derivatives are used in an extensive or complex way.

    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.

    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.

    Index disclaimer

    Source ICE Data Indices, LLC (“ICE DATA”), is used with permission. ICE Data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE Data, its affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend Legal & General Investment Management (Holdings) Limited or its affiliates, or any of their products or services.