RAFI Multi-Factor Climate Transition Equity Fund
Unit-Linked Life Insurance
RAFI Multi-Factor Climate Transition Equity Fund
Fund codeGPFK
Fund codeGPFK
Fund aim
Fund characteristics
The underlying fund is passively managed and aims to track the performance of the benchmark. The index is not market capitalisation weighted and offers diversified factor exposures through allocations to value, low volatility, quality, momentum while simultaneously incorporating specific objectives related to lower greenhouse gas emissions and the transition to a low-carbon economy.
The underlying fund invests in equities which are constituents of the index. A sampling approach is used to ensure that the underlying fund exhibits similar characteristics as the index whilst not necessarily holding all the constituents.
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 underlying fund.
Fund facts
| Fund size | £466.4m |
| Base currency | GBP |
| Domicile | United Kingdom |
| Share class launch | 09/06/21 |
Benchmark
RAFI Multi Factor Climate Transition Developed Index
Performance
The dealing cycle of the underlying fund may be inconsistent with PMC’s and therefore the Fund may transact in the underlying fund on a different date or point in time. This may impact the performance of the fund when compared to the underlying fund and the index.
Portfolio breakdown
As at 31 Dec 2023
| Top 10 holdings | 21.2% |
|---|---|
| Rest of portfolio | 78.8% |
| No. of holdings in fund | 726 |
|---|
Top 10 holdings (%)
| Meta Platforms A | 4.2 |
| Eli Lilly & Co | 2.8 |
| Apple | 2.8 |
| Novo Nordisk B | 2.1 |
| Visa | 1.9 |
| Nvidia | 1.8 |
| Oracle | 1.6 |
| Merck & Co | 1.5 |
| Booking Holdings | 1.5 |
| Mastercard A | 1.3 |
Sector (%)
Consumer Non-cyclical | 30.6 |
Communications & Tech | 27.6 |
Consumer Cyclical | 14.5 |
Banks (Equity) | 6.3 |
Financial Services (Equity) | 5.4 |
Industrials | 4.8 |
Commodities | 3.6 |
Insurance (Equity) | 2.2 |
Energy | 2.1 |
Other | 2.9 |
| Top 10 holdings | 21.2% |
|---|---|
| Rest of portfolio | 78.8% |
| No. of holdings in fund | 726 |
|---|
Top 10 holdings (%)
| Meta Platforms A | 4.2 |
| Eli Lilly & Co | 2.8 |
| Apple | 2.8 |
| Novo Nordisk B | 2.1 |
| Visa | 1.9 |
| Nvidia | 1.8 |
| Oracle | 1.6 |
| Merck & Co | 1.5 |
| Booking Holdings | 1.5 |
| Mastercard A | 1.3 |
Sector (%)
Consumer Non-cyclical | 30.6 |
Communications & Tech | 27.6 |
Consumer Cyclical | 14.5 |
Banks (Equity) | 6.3 |
Financial Services (Equity) | 5.4 |
Industrials | 4.8 |
Commodities | 3.6 |
Insurance (Equity) | 2.2 |
Energy | 2.1 |
Other | 2.9 |
Market capitalisation (%)
Large | 85.0 |
Mid | 13.4 |
Small | 1.6 |
Country (%)
United States | 62.5 |
Japan | 9.2 |
United Kingdom | 5.0 |
France | 3.8 |
Switzerland | 3.4 |
Canada | 2.8 |
Denmark | 2.6 |
Germany | 2.0 |
Spain | 1.6 |
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
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.
