SICAV (UCITS compliant)

L&G Future World Global Equity Focus Fund

I-Class USD AccumulationI-Class USD DistributionR-Class USD AccumulationR-Class USD DistributionP-Class EUR (Unhedged) DistributionP-Class USD AccumulationP-Class USD DistributionZ-Class USD Accumulation
ISIN
This share class is not currently pricing.
Price115.39c
As at29 Mar 2023
This share class is not currently pricing.
This share class is not currently pricing.
Price107.00c
As at29 Mar 2023
This share class is not currently pricing.
This share class is not currently pricing.
This share class is not currently pricing.
This share class is not currently pricing.
Price122.26c
As at29 Mar 2023
This share class is not currently pricing.

Fund facts

Fund size
$75.5m
Base currency
USD
Launch date
13 Jul 2018
Domicile
Luxembourg
Share class launch

Statistics

As at 28 Feb 2023

Fund aim

The objective of the Fund is to generate long term capital growth above that of the MSCI World Total Return Net Index, the “Benchmark Index”. The Fund is actively managed and aims to outperform the Benchmark Index by 3% per annum. This objective is before the deduction of any charges and measured over rolling three year periods. There can be no assurance that the Fund will achieve it's investment objective.

Benchmark

MSCI World Total Return Net Index

  • What does it invest in? Portfolio invests predominantly in shares of companies globally, including emerging markets, across a variety of sectors. The mandate to invest in companies capable of delivering long-term sustainable growth with high returns on capital.
  • How does it invest? Actively managed portfolio, meaning that the Investment Manager will not be tied to investing in the constituents of any index, and will use its discretion with regards to selecting the companies, sectors, and geographical exposure of the Fund’s holdings. The Fund will also seek to reflect the Investment Manager’s long-term thematic and structural growth views. The fund also fully integrates environmental, social and governance (ESG) assessment and active engagement, where responsible investing and active ownership/stewardship represent core investment pillars.
  • Does it have a sustainable objective?The Fund has a sustainable investment objective as it invests in companies which (i) contribute to environmental or social objectives, (ii) do not significantly harm any environmental or social objectives, and (iii) follow good governance practices. Further information can be found in the Fund Supplement. The Fund is multi-thematic and targets sustainable themes. All investments held by the Fund contribute to one or more of the UN Sustainable Development Goals (SDGs). The Fund is also committed to maintaining at least 50% less carbon emissions than the MSCI World Index.

Performance

Source: Lipper

Performance for the I USD Acc unit class in USD, launched on . Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the I USD Dist unit class in USD, launched on 31 July 2018. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the P EUR (Unhedged) Dist unit class in EUR, launched on 09 December 2020. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the P USD Acc unit class in USD, launched on . Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the P USD Dist unit class in USD, launched on . Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the R USD Acc unit class in USD, launched on . Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the R USD Dist unit class in USD, launched on . Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the X USD Acc unit class in USD, launched on 13 July 2018. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the X USD Dist unit class in USD, launched on 13 July 2018. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the Z USD Acc unit class in USD, launched on 13 July 2018. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the Z USD Dist unit class in USD, launched on 13 July 2018. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 28 Feb 2023

    CumulativeFundComparator
    1 month--2.40
    6 months-4.04
    Year to date-4.50
    3 years-32.74
    5 years-39.48
    Since launch--
    AnnualisedFundComparator
    1 year--7.33
    3 years-9.90
    5 years-6.88
    Since launch--

    Benchmark: MSCI World NR USD

    Share class launch date: N/A

    Benchmark: MSCI World NR USD

    Share class launch date: 31 Jul 2018

    Benchmark: MSCI World NR USD

    Share class launch date: 09 Dec 2020

    Benchmark: MSCI World NR USD

    Share class launch date: N/A

    Benchmark: MSCI World NR USD

    Share class launch date: N/A

    Benchmark: MSCI World NR USD

    Share class launch date: N/A

    Benchmark: MSCI World NR USD

    Share class launch date: N/A

    Benchmark: MSCI World NR USD

    Share class launch date: 13 Jul 2018

    Benchmark: MSCI World NR USD

    Share class launch date: 13 Jul 2018

    Benchmark: MSCI World NR USD

    Share class launch date: 13 Jul 2018

    Benchmark: MSCI World NR USD

    Share class launch date: 13 Jul 2018

    As at 31 Dec 2022

    CumulativeFundComparator
    Quarterly-9.77
    Year to date--18.14
    3 years-15.58
    5 years-34.70
    Since launch--
    AnnualisedFundComparator
    1 year--18.14
    3 years-4.94
    5 years-6.14
    Since launch--

    Benchmark: MSCI World NR USD

    Share class launch date: N/A

    Benchmark: MSCI World NR USD

    Share class launch date: 31 Jul 2018

    Benchmark: MSCI World NR USD

    Share class launch date: 09 Dec 2020

    Benchmark: MSCI World NR USD

    Share class launch date: N/A

    Benchmark: MSCI World NR USD

    Share class launch date: N/A

    Benchmark: MSCI World NR USD

    Share class launch date: N/A

    Benchmark: MSCI World NR USD

    Share class launch date: N/A

    Benchmark: MSCI World NR USD

    Share class launch date: 13 Jul 2018

    Benchmark: MSCI World NR USD

    Share class launch date: 13 Jul 2018

    Benchmark: MSCI World NR USD

    Share class launch date: 13 Jul 2018

    Benchmark: MSCI World NR USD

    Share class launch date: 13 Jul 2018

    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    FundComparator
    2013--
    2014--
    2015--0.87
    2016-7.51
    2017-22.40
    2018--8.71
    2019-27.67
    2020-15.90
    2021-21.82
    2022--18.14

    Calendar year performance (%)

    FundComparator
    2013--
    2014--
    2015--0.87
    2016-7.51
    2017-22.40
    2018--8.71
    2019-27.67
    2020-15.90
    2021-21.82
    2022--18.14

    Monthly performance (%)

     

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund----
    Comparator-7.339.906.88-

    Data as at 28.02.2023

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund----
    Comparator-18.144.946.14-

    Data as at 31.12.2022

    Performance scenarios

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): Example Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment €10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): Example Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): Example Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): Example Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): Example Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): Example Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): Example Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): Example Investment $10,000

    ScenariosIf you exit after 1 yearIf you exit after RHP
    MinimumThere is no minimum guaranteed return. You could lose some or all of your investment.
    Stress scenarioWhat you might get back after costs--
    Average return each year (%)--
    Unfavourable scenarioWhat you might get back after costs--
    Average return each year (%)--
    Moderate scenarioWhat you might get back after costs--
    Average return each year (%)--
    Favourable scenarioWhat you might get back after costs--
    Average return each year (%)--

    There is no data currently available for this share class.

    The stress scenario shows what you might get back in extreme market circumstances.

    The unfavourable scenario was calculated using data from 2015-04 to 2020-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR USD.

    The moderate scenario was calculated using data from 2012-07 to 2015-12. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR USD.

    The favourable scenario was calculated using data from 2012-07 to 2013-12. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR USD.

    The stress scenario shows what you might get back in extreme market circumstances.

    The unfavourable scenario was calculated using data from 2015-04 to 2020-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The moderate scenario was calculated using data from 2012-07 to 2016-04. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    The favourable scenario was calculated using data from 2012-07 to 2015-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR EUR.

    There is no data currently available for this share class.

    There is no data currently available for this share class.

    There is no data currently available for this share class.

    There is no data currently available for this share class.

    There is no data currently available for this share class.

    There is no data currently available for this share class.

    The stress scenario shows what you might get back in extreme market circumstances.

    The unfavourable scenario was calculated using data from 2015-04 to 2020-03. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR USD.

    The moderate scenario was calculated using data from 2012-07 to 2015-12. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR USD.

    The favourable scenario was calculated using data from 2012-07 to 2013-12. As insufficient price points were available the following benchmark/s were utilised: MSCI World NR USD.

    There is no data currently available for this share class.

    Portfolio

    As at 28 Feb 2023. All data source LGIM unless otherwise stated. Totals may not sum due to rounding. The figures shown for market capitalisation (the total share value of a company) may not be comparable between funds as they can be measured and classed in different ways.

    Market capitalisation (%)

    Large87.8
    Mid11.0
    Small1.2
    Undefined-
    Top 10 holdings46.1
    Rest of portfolio53.9
    No. of holdings39

    Top 10 holdings (%)

    Microsoft5.9
    Mastercard A5.2
    Novo Nordisk B5.0
    Thermo Fisher Scientific4.7
    Aia Group4.6
    Mondelez International A4.5
    S&P Global4.2
    Alphabet A4.0
    Msci4.0
    Nestle4.0

    Country (%)

    United States73.0
    Denmark6.0
    Hong Kong4.6
    Switzerland4.0
    France3.5
    Netherlands2.7
    Italy1.7
    Germany1.5
    China1.2
    Other1.7

    Top sector over/underweights (%)

    FundRelative
    Health Care18.55.1
    Information Technology24.93.7
    Financials17.93.3
    Industrials13.42.7
    Consumer Staples8.51.0
    Communication Services5.9-0.7
    Real Estate0.0-2.7
    Utilities0.0-2.9
    Materials0.0-4.5
    Energy0.0-5.2

    Top stock over/underweights (%)

    FundRelative
    Mastercard5.24.6
    Novo Nordisk5.04.6
    Aia Group4.64.4
    Mondelez International4.54.3
    Thermo Fisher Scientific4.74.2
    Johnson & Johnson0.0-0.8
    Exxon Mobil0.0-0.9
    Tesla0.0-1.1
    Amazon.Com0.0-1.7
    Apple0.0-4.2

    Fund Manager

    Robert joined LGIM in 2018 as a Fund Manager for the UK Special Situations Trust. Prior to this Robert worked at Mirabaud Asset Management where he was an Assistant Fund Manager (2013 to 2018) on the UK Equities Core product. Before that he worked at PWC in their Transaction Services division. In total he has over 10 years experience working within financial services. He read Philosophy, Politics and Economics at Pembroke College, Oxford and is a member of the Institute of Chartered Accountants in England and Wales.

    RobertWhite

    Sustainability

    SFDR categorisation: Article 9Article 9: These funds have a sustainable investment objective

    Environmental characteristics
    Social characteristics

    The sustainable investment objective of the Fund is to invest in companies which positively contribute to the United Nations Sustainable Development Goals (‘SDGs’). The Fund is multi-thematic and targets sustainable themes, indicated by its investments’ contribution to the SDGs. All investments held by the Fund contribute to one or more of the SDGs.

    The Fund also aims to maintain a carbon emissions intensity which is at least 50% less than the MSCI World Total Return net Index (the ‘Benchmark Index’). For reporting purposes, a proxy benchmark is used (which, for the avoidance of doubt, is deemed equivalent by the Investment Manager to the Benchmark Index) to measure the Fund’s attainment of this carbon emissions intensity target. The Benchmark Index is not aligned with the sustainable investment objective of the Fund; it is used for carbon emissions intensity comparison purposes and not for portfolio construction.

    The Fund seeks to implement LGIM’s Responsible Investment Framework which aims to provide a consistent and systematic approach to exclusions, refined criteria and thresholds for setting sustainability objectives with a defined terminology and approach to support the implementation of such objectives across the financial products managed by LGIM.

    The Responsible Investment Framework sets out the various types of investment strategies that LGIM’s financial products can follow and the responsible investing methodologies that explain how such investment strategies are defined and implemented.

    The Fund follows the following sustainability-related investment strategy:

    Battery Value-Chain Theme
    Clean Water Theme
    Clean Energy Theme
    Hydrogen Economy Theme
    Healthcare Breakthrough Theme
    Pharma Breakthrough Theme
    Green Bonds
    RAFI ESG Score
    RAFI Exclusions
    Solactive PAB Optimisation
    Solactive Exclusions
    Net Zero
    SDG Alignment

    The SDGs were adopted by the United Nations in 2015 which integrate all three aspects of sustainable development; social, economic and environmental and are a call for action to promote prosperity and fight inequalities while protecting the planet. Through its qualitative research process, LGIM assesses the extent to which a company positively contributes to the SDGs by analysing its revenue streams and business practices, against the targets and indicators set by the UN for each of the SDGs. The Fund aims to invest in companies that directly contribute to at least one of the SDGs through its products, services and business practices and that do no significant harm to any environmental or social objectives.

    Carbon Emissions Intensity Target

    Carbon emissions intensity aims to measure the volume of carbon emissions of investee companies in relation to the revenue they generate. It is intended as an indication of how exposed a portfolio is to high or low carbon intensity companies. The Fund aims to maintain at least a 50% lower weighted average carbon emissions intensity than the Benchmark Index.

    LGIM ESG Score
    LGIM's Future World Protection List

    The Future World Protection List (‘FWPL’) consists of companies that fail to meet minimum standards of globally accepted business practices on sustainability, or our minimum requirements on the carbon transition. There are three components to the list:

    • Companies that generate 20% or more of their revenues from involvement in mining and extraction of thermal coal, thermal-coal power generation and oil sands,
    • Companies that are in breach of one or more principles of the United Nation Global Compact for a continuous period of three years (36 months) or more (that are considered persistent violators), or
    • Companies involved in the manufacture and production of controversial weapons.

    The Fund excludes investments in companies on FWPL. The list is monitored on an on-going basis and updated semi-annually. In order to determine the companies included on the list, we use data from a number of external ESG data providers.

    Further information can be found at https://www.lgim.com/landg-assets/lgim/_document-library/capabilities/future-world-protection-list-public-methodology.pdf

    LGIM's Climate Impact Pledge

    The Fund excludes companies that fail to meet LGIM’s minimum requirements on climate change following engagement under Climate Impact Pledge (‘CIP’).

    • The CIP maps out a large number of companies worldwide, in climate-critical sectors against key indicators. Using quantitative and qualitative measures, such companies are assessed under a traffic light system drawing on independent data providers and our pioneering climate modelling.
    • Based on the results of engagement with these companies, LGIM uses escalating methods as necessary, which includes a period of engagement with companies and in the event that a company continues to make insufficient progress and fails to meet LGIM’s minimum standard expectation, may include sanction through voting and divestment.
    • The CIP is monitored on an on-going basis and updated annually. The ESG data that is used in connection with the CIP is sourced from third-party data providers.

    Further information can be found at Climate Impact Pledge overview

    Foxberry Paris Aligned
    MSCI Exclusions
    MSCI ESG Score
    JPM Exclusions
    JPM ESG Score
    Additional Exclusions

    The Fund excludes investments in issuers involved in nuclear weapons, firearms, alcohol, gambling or companies who derive more than 5% of their revenues from the production of tobacco. In addition to the application of the Future World Protection List, the Fund will further exclude any companies that systematically and severely violate the principles of UNGC for any period of time.

    ESG Factor Evaluation

    LGIM considers ESG factors when making investment decisions on behalf of the Fund which include a number of environmental and social factors, for example relating to:

    • climate change
    • water and waste
    • supply chain
    • environmental policies and controls
    • labour rights, health and safety
    • bribery and corruption.

    The evaluation process starts with the identification of ESG factors using both top-down and bottom-up approaches. The top-down research analysis focuses on determining the resiliency of sectors on a macro level, while the bottom-up research process evaluates the ESG credentials of individual companies.

    LGIM has developed a proprietary research tool called Active ESG View which brings together granular quantitative and qualitative ESG inputs. Active ESG View primarily uses third-party data from multiple different vendors which includes hundreds of ESG metrics (including data on carbon emissions, water and waste, environmental policies and controls, labour, health and safety, bribery and corruption) spanning 64 specific sectors and/or sub-sectors from a number of ESG data providers.

    The quantitative inputs consist of two components:

    1. an ESG score calculated in Active ESG View which evaluates and scores issuers from an environmental, social and governance perspective, and
    2. a screening of investee companies in respect of their involvement in certain products and services, and certain controversies and violations of norms and standards. This screening, directly or indirectly, maps to some of the adverse sustainability indicators set out in Table 1 of Annex I of the Level 2 Measures.

    LGIM sets minimum thresholds for both of these components in Active ESG View. These are then supplemented by LGIM’s qualitative assessment of the sustainability risks and opportunities relating to the relevant issuer. This qualitative assessment is performed by the Global Research and Engagement Groups (“GREGs”) which bring together representatives from LGIM’s investment and investment stewardship teams across regions and asset classes. Where issuers fail to meet either of the components of the quantitative assessment, and the GREGs have reviewed and agreed with the assessment through qualitative analysis, LGIM will seek to limit the Fund’s aggregate exposure to such issuers relative to their weights in the Benchmark Index.

    The sustainability indicator that will be used in relation to the attainment of the environmental and social characteristics relating to this process will measure the aggregate overweight exposure to issuers that are not aligned with LGIM’s requirements for ESG factor evaluation compared to such issuers' weight in the Benchmark Index.

    Decarbonisation
    LGIM Coal Policy
    LGIM Controversial Weapons
    J.P. Morgan ESG Exclusions
    J.P. Morgan ESG Score
    FTSE ESG Exclusions
    ROBO Global ESG Policy
    Solactive ESG Exclusions
    Solactive ESG Enhanced Exclusions
    Nasdaq ESG Exclusions
    Stoxx Exclusions
    Taxonomy

    The Fund does not invest a minimum amount in economic activities that qualify as environmentally sustainable under the Taxonomy Regulation.

    Sustainable Investments

    The Fund will invest at least 80% of its portfolio in investments that qualify as sustainable, all of which provide direct exposure to investee companies. The Fund will invest at least 20% of its portfolio in environmentally sustainable investments and at least 20% of its portfolio in socially sustainable investments. The actual level of environmentally and socially sustainable investments held by the Fund will always equate to at least the minimum proportion of sustainable investments of the portfolio outlined above. Some of the sustainable investments may be considered to contribute to both environmental and social objectives. The remaining portion of investments are not used to meet the sustainable investment objective.

    Principal Adverse Impacts

    The Fund considers principal adverse impacts on sustainability factors and LGIM has identified a subset of the adverse sustainability indicators that are relevant to the Fund’s investments. The Fund considers principal adverse impacts, identified using the below listed sustainability indicators, through the implementation of the Fund’s ESG investment strategy.

    • PAI 1: GHG emissions
    • PAI 3: GHG intensity of companies
    • PAI 4: Exposure to fossil fuel companies
    • PAI 5: Share of non-renewable energy
    • PAI 6: Energy consumption intensity
    • PAI 7: Activities negatively affecting biodiversity-sensitive areas
    • PAI 8: Emissions to water
    • PAI 9: Hazardous waste and radioactive waste ratio
    • PAI 10: Companies violating UNGC/OECD
    • PAI 11: Lack of processes and compliance mechanisms to monitor compliance with UN Global Compact principles and OECD Guidelines for Multinational Enterprises
    • PAI 12: Unadjusted gender pay gap
    • PAI 14: Controversial weapons

    Literature

    Key literature

    Fact sheet
    28 Feb 2023
    Fact sheet
    28 Feb 2023
    Fact sheet
    28 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    Prospectus
    29 Dec 2022
    SFDR Product Summary
    01 Jan 2023
    Fund profile
    13 Jun 2022
    Non-Trading Days
    01 Jan 2023

    Fact sheets

    2023Change date
    Fact sheet
    Choose share class

    Marketing documents

    Fund profile
    13 Jun 2022
    Sustainability report
    26 Apr 2022

    Legal documents

    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    KIID
    20 Feb 2023
    Prospectus
    29 Dec 2022
    Country Supplement - UK
    01 Aug 2022
    Incorporation Document
    20 Mar 2017
    UK EMT costs and charges
    23 Jan 2023
    European EMT costs and charges
    23 Jan 2023

    ESG reports

    2022Change date
    ESG report
    30 Sep 2022
    ESG report
    30 Jun 2022

    Reports and accounts

    2022Change date
    Annual Report and Accounts
    31 Dec 2021
    Annual Report and Accounts
    31 Dec 2020
    Annual Report and Accounts
    31 Dec 2019
    Annual Report and Accounts
    31 Dec 2018
    Annual Report and Accounts
    31 Dec 2017
    Annual Report and Accounts
    31 Dec 2016
    Annual Report and Accounts
    31 Dec 2015
    Interim Report and Accounts
    30 Jun 2022
    Interim Report and Accounts
    30 Jun 2021
    Interim Report and Accounts
    30 Jun 2020
    Interim Report and Accounts
    30 Jun 2019
    Interim Report and Accounts
    30 Jun 2018
    Interim Report and Accounts
    30 Jun 2017

    Application forms

    SICAV transaction form
    01 Feb 2022

    Trading information

    Non-Trading Days
    01 Jan 2023

    Prices

    This share class is not currently pricing.
    This share class is not currently pricing.
    This share class is not currently pricing.
    This share class is not currently pricing.
    This share class is not currently pricing.
    This share class is not currently pricing.
    This share class is not currently pricing.
    This share class is not currently pricing.