Multi Factor North America ESG Exclusions Equity Fund
Unit-Linked Life Insurance
Multi Factor North America ESG Exclusions Equity Fund
Fund codeMPAG
Fund codeMPAG
Fund aim
Fund characteristics
This index is not market capitalisation weighted and is comprised of equities that exhibit the characteristics of certain equity risk factors (such as value, low volatility and quality comprising of high profitability and low investment) that have been shown to be rewarded over the long term. The index is determined by the LGIM Asset Allocation team who assess its appropriateness in the context of the Fund objective on annual basis and may revise the benchmark accordingly. Prior notification of benchmark changes will not be provided and this document will be updated to reflect the current benchmark.
Within the tracking deviation, the Fund excludes companies in line with LGIM’s view as to minimum corporate standards and LGIM Environmental, Social and Governance (“ESG”) research and aims to reduce its carbon footprint through the fund-level optimisation. The exclusion criteria are guided by, but not limited to, LGIM Future World Protection List with any potential exclusions assessed for financial materiality and alignment with the overall Fund objective. A summary of the L&G Future World Protection List Methodology is available at: www.lgim.com/fwpl.
The fund will gain exposure by investing directly or indirectly in the constituents of the benchmark. The fund may also hold index and single stock futures for efficient portfolio management.
Fund facts
Fund size | £1,673.2m |
Base currency | GBP |
Domicile | United Kingdom |
Share class launch | 03/07/17 |
Benchmark
SciBeta Developed America High-Factor-Intensity Multi-Beta (val, vol, pro/inv) Multi-Strategy (Max Deconc, DRW) Index
A Developed Scientific Beta (SciBeta) Index. *High-Factor-Intensity, **Value, Volatility, Profitability/Investment, ***Maximum Deconcentration; Diversified Risk Weighted
Performance
Portfolio breakdown
As at 31 Dec 2023
Top 10 holdings | 9.0% |
---|---|
Rest of portfolio | 91.0% |
No. of holdings in fund | 300 |
---|---|
No. of holdings in index | 326 |
Top 10 holdings (%)
Consolidated Edison | 1.0 |
Johnson & Johnson | 1.0 |
Walmart | 1.0 |
Intel | 1.0 |
T-Mobile US | 0.9 |
Costco Wholesale | 0.9 |
3M Co | 0.9 |
Aflac | 0.9 |
Cisco Systems | 0.9 |
Apple | 0.8 |
Sector (%)
Technology | 20.9 |
Financials | 17.8 |
Healthcare | 14.5 |
Cyclical Consumer | 10.5 |
Non-cyclical Consumer | 10.2 |
Industrials | 8.8 |
Utilities | 7.4 |
Energy | 5.1 |
Telecoms Services | 2.6 |
Other | 2.2 |
Top 10 holdings | 9.0% |
---|---|
Rest of portfolio | 91.0% |
No. of holdings in fund | 300 |
---|---|
No. of holdings in index | 326 |
Top 10 holdings (%)
Consolidated Edison | 1.0 |
Johnson & Johnson | 1.0 |
Walmart | 1.0 |
Intel | 1.0 |
T-Mobile US | 0.9 |
Costco Wholesale | 0.9 |
3M Co | 0.9 |
Aflac | 0.9 |
Cisco Systems | 0.9 |
Apple | 0.8 |
Sector (%)
Technology | 20.9 |
Financials | 17.8 |
Healthcare | 14.5 |
Cyclical Consumer | 10.5 |
Non-cyclical Consumer | 10.2 |
Industrials | 8.8 |
Utilities | 7.4 |
Energy | 5.1 |
Telecoms Services | 2.6 |
Other | 2.2 |
Market capitalisation (%)
Large | 55.2 |
Mid | 43.5 |
Small | 1.4 |
Country (%)
United States | 95.0 |
Canada | 5.0 |
Other | 0.0 |
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
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
Document type
Prices
Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
Download full price history
Download full price history