Unit-Linked Life Insurance

Future World Fund

Fund codeAPAZ

Fund aim

The fund will aim to replicate the performance of the index and will ensure the fund has similar characteristics as the index whilst not necessarily holding all the constituents of the index. The anticipated annual tracking error, in normal market conditions, relative to the index is +/-0.60% in two years out of three.

Fund characteristics

The fund invests systematically in a globally diversified portfolio of quoted company shares; the index is designed to favour investment in companies which exhibit characteristics that have historically led to higher returns or lower risk than the market as a whole, and companies which are less carbon-intensive or earn green revenues; the manager will have the discretion to reduce investment in certain companies which do not, in the manager’s view, demonstrate adequate strategies and governance standards to transition to a low carbon economy. LGIM has made a commitment to address climate change by engaging directly with the largest companies in the world who are critical to the shift to a low carbon economy. Companies will be assessed by LGIM for robustness of their strategies, governance and transparency via LGIM’s Climate Impact Pledge. Companies that fail to meet LGIM’s minimum standards in low carbon transition and corporate governance standards may be excluded from the fund. The fund will also exclude shares issued by manufacturers of Controversial Weapons (as defined by FTSE and referred in the index name as ‘ex CW’).

Fund facts

Fund size£7,560.9m
Base currencyGBP
DomicileUnited Kingdom
Share class launch22/02/17
As at 31 Dec 2023


FTSE All-World ex CW Climate Balanced Factor Index


Source: LGIM. Performance is reported in GBP based on weekly mid-market prices before the deduction of fees. Benchmark is supplied net of tax applicable to UK pension schemes
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:22 Feb 2017
Benchmark:FTSE All-World ex CW Climate Balanced Factor Index
Share class launch date:22 Feb 2017
Benchmark:FTSE All-World ex CW Climate Balanced Factor Index
    Share class launch date:22 Feb 2017
    Benchmark:FTSE All-World ex CW Climate Balanced Factor Index

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings21.7%
    Rest of portfolio78.3%
    No. of holdings in fund1,490
    No. of holdings in index1,676

    Top 10 holdings (%)

    Alphabet A2.8
    Alphabet C2.5
    Cisco Systems2.2
    Johnson & Johnson1.1
    Public Storage0.8
    Taiwan Semiconductor Manufacturing Co0.7

    Sector (%)

    Consumer Discretionary
    Health Care
    Consumer Staples
    Basic Materials

    All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index.

    Fund managers

    LGIM Index Fund Management Team headshot

    LGIM Index Fund Management Team

    The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.



    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.

    Download full price history

    Monthly price history

    Download full price history