Diversified Fund
Unit-Linked Life Insurance
Diversified Fund
Fund codeMAAA
Fund codeMAAA
Fund aim
Fund characteristics
Fund facts
Fund size | £11,284.4m |
Base currency | GBP |
Domicile | United Kingdom |
Share class launch | 10/01/12 |
Comparator
FTSE Developed World Index - 50% GBP Hedged
We show the fund's performance against the comparator indicated because the long-term expected rate of return of the fund is broadly similar to that of a developed market equity fund. The diversified nature of the fund means that it is expected to have less exposure than a pure equity fund to adverse equity market conditions. However, the fund may perform less strongly than a pure equity fund in benign or positive market conditions. The fund is additionally shown against a secondary comparator of the Bank of England Base Rate +3.75% per annum as our expected rate of return can also be illustrated using ‘risk-free returns’ plus an ‘equity risk premium’. The market consensus for the latter is accepted to be in the region of 3.5-4% per annum.
Performance
Portfolio breakdown
As at 31 Dec 2023
Asset allocation (%)
Equities | 35.3 |
Developed Corporate Bonds | 16.7 |
Developed Government Bonds | 5.7 |
Alternatives | 22.3 |
Alternative Credit | 20.1 |
Cash | - |
Equities (%)
Emerging Market Equity | 6.1 |
Europe ex UK Equity | 6.1 |
North America Equity | 6.0 |
Japan Equity | 5.2 |
Developed Small Cap Equity | 4.2 |
UK Equity | 3.7 |
Asia Pacific ex Japan Equity | 2.8 |
Frontier Market Equity | 0.9 |
Middle East & African Equity | 0.2 |
Developed Corporate Bonds (%)
GBP Corporate Bonds | 6.8 |
USD Corporate Bonds | 6.7 |
EUR Corporate Bonds | 3.1 |
Developed Government Bonds (%)
Euro Inflation-Linked Bonds | 1.5 |
US Inflation-Protected Bonds | 1.5 |
Index-Linked Gilts | 1.3 |
Developed (ex UK) Sovereign Debt | 1.3 |
Conventional Gilts | 0.1 |
Alternatives (%)
Global Real Estate* | 6.2 |
Global Infrastructure* | 5.0 |
UK Physical Property | 4.9 |
Global Private Equity* | 2.7 |
Commodities** | 1.7 |
Global Forestry* | 1.0 |
Alternative Risk Premia**** | 0.8 |
Alternative Credit (%)
Emerging Market Debt | 8.8 |
Global High Yield | 6.5 |
Private Market Credit | 2.1 |
Insurance-Linked Securities | 2.0 |
Money Market*** | 0.7 |
Asset allocation (%)
Equities | 35.3 |
Developed Corporate Bonds | 16.7 |
Developed Government Bonds | 5.7 |
Alternatives | 22.3 |
Alternative Credit | 20.1 |
Cash | - |
Equities (%)
Emerging Market Equity | 6.1 |
Europe ex UK Equity | 6.1 |
North America Equity | 6.0 |
Japan Equity | 5.2 |
Developed Small Cap Equity | 4.2 |
UK Equity | 3.7 |
Asia Pacific ex Japan Equity | 2.8 |
Frontier Market Equity | 0.9 |
Middle East & African Equity | 0.2 |
Developed Corporate Bonds (%)
GBP Corporate Bonds | 6.8 |
USD Corporate Bonds | 6.7 |
EUR Corporate Bonds | 3.1 |
Developed Government Bonds (%)
Euro Inflation-Linked Bonds | 1.5 |
US Inflation-Protected Bonds | 1.5 |
Index-Linked Gilts | 1.3 |
Developed (ex UK) Sovereign Debt | 1.3 |
Conventional Gilts | 0.1 |
Alternatives (%)
Global Real Estate* | 6.2 |
Global Infrastructure* | 5.0 |
UK Physical Property | 4.9 |
Global Private Equity* | 2.7 |
Commodities** | 1.7 |
Global Forestry* | 1.0 |
Alternative Risk Premia**** | 0.8 |
Alternative Credit (%)
Emerging Market Debt | 8.8 |
Global High Yield | 6.5 |
Private Market Credit | 2.1 |
Insurance-Linked Securities | 2.0 |
Money Market*** | 0.7 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
LGIM Asset Allocation Team
The Fund is managed 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 pension fund investors to access this expertise.
LGIM Allocation Strategy Management Team (ASM)
The day-to-day implementation of the allocation of the fund is managed by the Allocation Strategy Management team.
Literature
Document type
Prices
Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close, daily close, or daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
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