Unit-Linked Life Insurance

Dynamic Diversified Fund

Fund codeMAAC

Fund aim

The investment objective of the fund is to provide long-term investment growth through dynamic exposure to a diversified range of asset classes. The long-term expected annualised rate of return for this fund is the Bank of England Base Rate +4.5% per annum, over a full market cycle.

Fund characteristics

The fund provides exposure to a range of different asset classes including equities, bonds, property, commodities, infrastructure, private equity, global real estate companies and other asset classes deemed by PMC to be relevant to the objective of the fund, which may be actively or passively managed. The asset allocation of the fund is managed by LGIM with the aim of enhancing returns and managing downside risk. The fund provides exposure to a combination of UK and overseas assets with a flexible approach taken to managing foreign currency exposure. Derivatives may be used for efficient portfolio management.

Fund facts

Fund size£1,207.6m
Base currencyGBP
DomicileUnited Kingdom
Share class launch02/01/13
As at 31 Dec 2023


Bank of England base rate +4.5%


Source: LGIM. Performance is reported in GBP based on weekly mid-market prices before the deduction of fees.
Past performance is not a guide to future performance and the value of investments can go down as well as up.
Share class launch date:02 Jan 2013
Comparator:Bank of England base rate +4.5%
Share class launch date:02 Jan 2013
Comparator:Bank of England base rate +4.5%
    Share class launch date:02 Jan 2013
    Comparator:Bank of England base rate +4.5%

    Portfolio breakdown

    As at 31 Dec 2023

    Asset allocation (%)

    Developed Corporate Bonds
    Developed Government Bonds
    Alternative Credit

    Equities (%)

    Global Equity Strategies12.1
    Emerging Market Equity4.8
    North America Equity4.7
    UK Equity3.6
    Japan Equity3.5
    Europe ex UK Equity3.0
    Asia Pacific ex Japan Equity2.7

    Developed Corporate Bonds (%)

    Investment Grade Corporate Bonds12.0

    Developed Government Bonds (%)

    Nominal Sovereign Debt14.7
    Index-Linked Sovereign Debt4.7

    Alternatives (%)

    Global Infrastructure*6.1
    Global Real Estate*5.7
    UK Physical Property2.9
    Gold Mining & Forestry1.8

    Alternative Credit (%)

    Emerging Market Debt (local)6.4
    Global High Yield4.6
    Emerging Market Debt (hard)4.6
    Private Market Credit1.5
    *Exposure through shares in listed infrastructure/global Real Estate Investment Trusts (REITs)/Timberland companies/Gold Mining companies. Asset allocations are subject to change.

    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.



    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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    Monthly price history

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    Please note that a maximum of 10 years price history is available.