PMCs

Unit-Linked Life Insurance

MSCI ACWI Adaptive Capped ESG Index Fund

Fund codeGPDA

Fund aim

The investment objective of the fund is to track the performance of the MSCI ACWI ex Thermal Coal Adaptive Capped 2x ESG Universal Index (less withholding tax where applicable) to within +/-0.75% p.a. for two years out of three.

Fund characteristics

The fund employs an index tracking strategy, aiming to replicate the performance of its benchmark. We follow a pragmatic approach to managing index funds, either investing directly in the securities of that index, or indirectly through other LGIM funds. The fund may also hold index and single stock futures for efficient portfolio management.

Fund facts

Fund size£2,577.5m
Base currencyGBP
DomicileUnited Kingdom
Share class launch02/07/18
As at 31 Dec 2023

Benchmark

MSCI ACWI ex-Thermal Coal Adaptive Capped 2x ESG Universal Index - Net WHT

Performance

Source: LGIM. Performance is reported in GBP based on weekly mid-market prices before the deduction of fees. Withholding tax rates applied to the index by the index provider are generally higher than those the fund incurs
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 Jul 2018
Benchmark:MSCI ACWI ex-Thermal Coal Adaptive Capped 2x ESG Universal Index - Net WHT
Share class launch date:02 Jul 2018
Benchmark:MSCI ACWI ex-Thermal Coal Adaptive Capped 2x ESG Universal Index - Net WHT
    Share class launch date:02 Jul 2018
    Benchmark:MSCI ACWI ex-Thermal Coal Adaptive Capped 2x ESG Universal Index - Net WHT

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings1.9%
    Rest of portfolio98.1%
    No. of holdings in fund2,413
    No. of holdings in index2,800

    Top 10 holdings (%)

    Broadcom0.3
    Canadian Imperial Bank of Commerce0.2
    Recruit Holdings Co0.2
    Sika0.2
    Bank of Montreal0.2
    Advanced Micro Devices0.2
    Pnc Financial Services Group0.2
    Brookfield0.2
    Ubs Group0.2
    Lululemon Athletica0.2

    Sector (%)

    Financials
    19.8
    Industrials
    15.6
    Information Technology
    13.4
    Health Care
    9.8
    Consumer Discretionary
    9.7
    Consumer Staples
    7.9
    Materials
    6.9
    Energy
    5.0
    Communication Services
    4.6
    Other
    7.3

    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.

    Literature

    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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    Monthly price history

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