RAFI Fundamental Emerging Markets (ex Korea) Reduced Carbon Pathway Equity Index Fund
Unit-Linked Life Insurance
RAFI Fundamental Emerging Markets (ex Korea) Reduced Carbon Pathway Equity Index Fund
Fund codeXPAA
Fund codeXPAA
Fund aim
The investment objective of the fund is to track the performance of the RAFI Fundamental Emerging Markets Custom Reduced Carbon Pathway 3% Index (less withholding tax where applicable) to within +/-1.5% 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 | £273.7m |
| Base currency | GBP |
| Domicile | United Kingdom |
| Share class launch | 10/10/11 |
As at 31 Dec 2023
Benchmark
RAFI Fundamental Emerging Markets Custom Reduced Carbon Pathway 3% Index
A customised index
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
Please note that with effect from 17 September 2021 the index changed from the FTSE RAFI Emerging Index and the fund name was amended from the FTSE RAFI Emerging Markets Equity Fund. The benchmark displayed in the tables opposite is a composite of the previous index and the current index which have been chain linked for reporting purposes.
Please note that with effect from 17 September 2021 the index changed from the FTSE RAFI Emerging Index and the fund name was amended from the FTSE RAFI Emerging Markets Equity Fund. The benchmark displayed in the tables opposite is a composite of the previous index and the current index which have been chain linked for reporting purposes.
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:10 Oct 2011
Benchmark:RAFI Fundamental Emerging Markets Custom Reduced Carbon Pathway 3% Index
Year
Share class launch date:10 Oct 2011
Benchmark:RAFI Fundamental Emerging Markets Custom Reduced Carbon Pathway 3% Index
Share class launch date:10 Oct 2011
Benchmark:RAFI Fundamental Emerging Markets Custom Reduced Carbon Pathway 3% Index
Source: LGIM. Performance is reported in GBP based on daily close 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
Please note that with effect from 17 September 2021 the index changed from the FTSE RAFI Emerging Index and the fund name was amended from the FTSE RAFI Emerging Markets Equity Fund. The benchmark displayed in the tables opposite is a composite of the previous index and the current index which have been chain linked for reporting purposes.
Please note that with effect from 17 September 2021 the index changed from the FTSE RAFI Emerging Index and the fund name was amended from the FTSE RAFI Emerging Markets Equity Fund. The benchmark displayed in the tables opposite is a composite of the previous index and the current index which have been chain linked for reporting purposes.
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:10 Oct 2011
Benchmark:RAFI Fundamental Emerging Markets Custom Reduced Carbon Pathway 3% Index
Year
Share class launch date:10 Oct 2011
Benchmark:RAFI Fundamental Emerging Markets Custom Reduced Carbon Pathway 3% Index
Source: LGIM. Performance is reported in GBP based on daily midday 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
Please note that with effect from 17 September 2021 the index changed from the FTSE RAFI Emerging Index and the fund name was amended from the FTSE RAFI Emerging Markets Equity Fund. The benchmark displayed in the tables opposite is a composite of the previous index and the current index which have been chain linked for reporting purposes.
Please note that with effect from 17 September 2021 the index changed from the FTSE RAFI Emerging Index and the fund name was amended from the FTSE RAFI Emerging Markets Equity Fund. The benchmark displayed in the tables opposite is a composite of the previous index and the current index which have been chain linked for reporting purposes.
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:10 Oct 2011
Benchmark:RAFI Fundamental Emerging Markets Custom Reduced Carbon Pathway 3% Index
Year
Share class launch date:10 Oct 2011
Benchmark:RAFI Fundamental Emerging Markets Custom Reduced Carbon Pathway 3% Index
Portfolio breakdown
As at 31 Dec 2023
| Top 10 holdings | 18.7% |
|---|---|
| Rest of portfolio | 81.3% |
| No. of holdings in fund | 1,067 |
|---|---|
| No. of holdings in index | 1,083 |
Top 10 holdings (%)
| Taiwan Semiconductor Manufacturing Co | 3.7 |
| Petroleo Brasileiro Pref | 2.7 |
| China Construction Bank H | 2.1 |
| Vale | 2.0 |
| Tencent Holdings | 1.8 |
| Indus & Com Bank of China H | 1.8 |
| Alibaba Group Holding | 1.3 |
| Hon Hai Precision Industry Co | 1.2 |
| Ping An Insurance Group Co Of China H | 1.2 |
| Bank Of China H | 1.1 |
Sector (%)
Communications & Tech | 22.9 |
Banks (Equity) | 20.5 |
Energy | 10.5 |
Commodities | 9.2 |
Industrials | 8.9 |
Consumer Cyclical | 7.7 |
Consumer Non-cyclical | 6.3 |
Financial Services (Equity) | 4.3 |
Utilities | 3.9 |
Other | 5.8 |
| Top 10 holdings | 18.7% |
|---|---|
| Rest of portfolio | 81.3% |
| No. of holdings in fund | 1,067 |
|---|---|
| No. of holdings in index | 1,083 |
Top 10 holdings (%)
| Taiwan Semiconductor Manufacturing Co | 3.7 |
| Petroleo Brasileiro Pref | 2.7 |
| China Construction Bank H | 2.1 |
| Vale | 2.0 |
| Tencent Holdings | 1.8 |
| Indus & Com Bank of China H | 1.8 |
| Alibaba Group Holding | 1.3 |
| Hon Hai Precision Industry Co | 1.2 |
| Ping An Insurance Group Co Of China H | 1.2 |
| Bank Of China H | 1.1 |
Sector (%)
Communications & Tech | 22.9 |
Banks (Equity) | 20.5 |
Energy | 10.5 |
Commodities | 9.2 |
Industrials | 8.9 |
Consumer Cyclical | 7.7 |
Consumer Non-cyclical | 6.3 |
Financial Services (Equity) | 4.3 |
Utilities | 3.9 |
Other | 5.8 |
Market capitalisation (%)
Large | 74.0 |
Mid | 18.5 |
Small | 7.5 |
Undefined | - |
Country (%)
China | 19.0 |
Taiwan | 18.3 |
India | 14.3 |
Brazil | 11.8 |
Cayman Islands | 8.1 |
Thailand | 4.0 |
South Africa | 3.8 |
Mexico | 2.8 |
United States | 2.8 |
Other | 15.2 |
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, 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
February 2024
February 2024
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Please note that a maximum of 10 years price history is available.
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Monthly price history
February 2024
February 2024
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Please note that a maximum of 10 years price history is available.
Download full price history
Monthly price history
February 2024
February 2024
Download full price history
Please note that a maximum of 10 years price history is available.
