As at 31 Aug 2023
The investment objective of the Fund is to provide investors with a return in line with the performance of the Solactive L&G Emerging Markets Future Core ESG (ex Fossil Fuel) Index (the “Index”).
Source: Lipper
Performance for the I EUR (Unhedged) Acc unit class in EUR, launched on 05 February 2021. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.
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 Acc unit class in USD, launched on 21 December 2020. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.
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 EUR (Unhedged) Acc unit class in EUR, launched on 21 December 2020. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.
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 23 November 2020. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.
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.
As at 31 Aug 2023
| Cumulative | Fund | Benchmark |
| 1 month | -4.53 | -4.45 |
| 6 months | 0.40 | 0.66 |
| Year to date | 2.47 | 2.79 |
| 3 years | - | - |
| 5 years | - | - |
| Since launch | -16.90 | -15.92 |
| Annualised | Fund | Benchmark |
| 1 year | -6.33 | -5.85 |
| 3 years | - | - |
| 5 years | - | - |
| Since launch | -6.96 | -6.53 |
As at 30 Jun 2023
| Cumulative | Fund | Benchmark |
| Quarterly | 0.08 | 0.23 |
| Year to date | 2.47 | 2.69 |
| 3 years | - | - |
| 5 years | - | - |
| Since launch | -16.90 | -16.00 |
| Annualised | Fund | Benchmark |
| 1 year | -2.38 | -1.86 |
| 3 years | - | - |
| 5 years | - | - |
| Since launch | -7.43 | -7.02 |
| 12 months to 30 June | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | -14.30 | -2.38 |
| Benchmark | - | - | - | - | - | - | - | - | -14.03 | -1.86 |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | -12.84 |
| Benchmark | - | - | - | - | - | - | - | - | - | -12.73 |
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -6.33 | - | - | -6.96 |
| Benchmark | -5.85 | - | - | -6.53 |
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -2.38 | - | - | -7.43 |
| Benchmark | -1.86 | - | - | -7.02 |
As at 31 Aug 2023. 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. 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.
| Technology | 37.3 | |
| Finance | 26.4 | |
| Industrials | 9.8 | |
| Consumer Services | 9.3 | |
| Consumer Non-Durables | 4.8 | |
| Healthcare | 4.6 | |
| Consumer Durables | 3.8 | |
| Basic Materials | 2.2 | |
| Utilities | 1.7 | |
| Energy | 0.1 |
| Large | 80.9 | |
| Mid | 15.9 | |
| Small | 3.3 | |
| Undefined | - |
| Top 10 holdings | 24.6 | |
| Rest of portfolio | 75.4 |
| No. of holdings in fund | 1,262 |
| No. of holdings in index | 1,615 |
| Taiwan Semiconductor Manufacturing Co | 8.2 |
| Tencent Holdings | 3.7 |
| Alibaba Group Holding | 3.5 |
| Samsung Electronics Co | 3.0 |
| Infosys | 1.2 |
| Meituan B | 1.1 |
| Tata Consultancy Services | 1.0 |
| Infosys Adr | 1.0 |
| SK Hynix | 1.0 |
| Icici Bank | 0.9 |
| Taiwan | 20.0 | |
| India | 14.6 | |
| Cayman Islands | 14.4 | |
| Korea | 11.1 | |
| China | 8.6 | |
| South Africa | 4.3 | |
| Brazil | 3.9 | |
| United States | 3.9 | |
| Mexico | 3.2 | |
| Other | 16.1 |
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.
LGIMIndex Fund Management Team
SFDR categorisation: Article 8Article 8: These funds promote environmental and/or social characteristics
The Fund promotes the following environmental characteristics relating to climate change:
The Fund also promotes the following other environmental characteristics:
The Fund promotes the following social characteristics relating to social norms and standards:
The Fund promotes the above-mentioned characteristics by tracking the Solactive L&G Emerging Markets Future Core ESG (ex Fossil Fuel) Index (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and social characteristics promoted by the Fund. Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
Through tracking the Index, 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 environmental and social characteristics with a defined terminology and approach to support the implementation of such characteristics 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.
By tracking the Index, the Fund follows the sustainability-related investment strategy as described below:
The Index is tilted to increase the exposure to companies with higher LGIM ESG scores (i.e. there is either a positive or negative tilt from the constituents’ market capitalisation index weights, depending on the issuers’ ESG scores).
The LGIM ESG scores are created by LGIM and use a number of metrics representing environmental, social and governance considerations with adjustments made for an issuer’s overall level of transparency with regards to ESG issues. Such metrics, which may change over time include, inter alia, carbon emissions intensity, green revenues, women in management, equal voting rights and ESG reporting standard.
The LGIM ESG Score is run according to a rules-based methodology which scores companies against LGIM’s global minimum ESG standards and aligns with how we engage with, and vote on, the companies in which we invest. Our methodology starts with an assessment of market-wide ESG issues that affect long-term returns and which we believe represent a risk if not addressed – such as climate change or the dilution of shareholder rights. Additionally, themes and risks were assessed for their effect on social cohesion – factors that over the long term underpin sustainable economic growth. Once material risks and opportunities were identified, potential data points were assessed to see if they are available, quantifiable and reliable. Each of the data points are then assessed and scored, creating a sub-score at the theme level. Individual themes are then aggregated to form the environmental, social, governance and transparency scores.
Companies’ final ESG scores are presented between 0 and 100. A high-scoring company will have met most of our criteria for best practice; a company scoring 0 has not met any of our minimum expectations and represents a very significant concern. Company scores are updated twice a year in March and September and are publicly available on our website.
Further information on the LGIM ESG Score is available at: LGIM ESG Score
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:
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
The Index only incorporates companies that do not have excessive exposure or involvement in nuclear power generation, assault weapons, controversial weapons, the extraction/production of thermal coal, thermal coal-based power generation, tobacco production and retailing, production or distribution of recreational cannabis, gambling, oil sand extraction and fossil fuels.
While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR. Accordingly, it should be noted that the investments underlying the Fund do not take into account the EU criteria for environmentally sustainable economic activities within the meaning of the Taxonomy Regulation.
While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR.
Further information on LGIM's Sustainable Investment Methodology can be found here.
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.
If you would like to file a complaint about the KID document then click here and follow the steps to complain.
If you would like to file a complaint about the KID document then click here and follow the steps to complain.
If you would like to file a complaint about the KID document then click here and follow the steps to complain.
If you would like to file a complaint about the KID document then click here and follow the steps to complain.
This fund is closed on both UK and Irish public holidays. For further details, please see the Non-Trading Days document here.
N.B. Public Bank Holidays are greyed out in the calendar below.
The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.
Past performance is no guarantee of future results.
This fund invests in countries where investment markets are considered to be less developed. This means that investments are generally riskier than those in developed markets because they: may not be as well regulated; may be more difficult to buy and sell; may have less reliable arrangements for the safekeeping of investments; or may be more exposed to political and taxation uncertainties. The value of the fund can go up or down more often and by larger amounts than funds that invest in developed countries, especially in the short term.
The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.
Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains.
The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.
We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.
This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.
No investment decisions should be made without first reviewing the key investor information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.
Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.
This information is only directed at investors resident in jurisdictions where each fund is registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.
All information detailed on this website is current at the time of publication and may be changed in the future.
Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.
