ICAV (UCITS compliant)

L&G Diversified EUR Fund

Fund facts

Fund size
€985.0m
Base currency
EUR
Launch date
17 Aug 2016
Domicile
Ireland
Share class launch

Statistics

As at 31 May 2019

Fund aim

The Fund aims to deliver long term capital growth through investment predominantly in other investment funds.

Benchmark

We show the Fund's performance against a comparator of the MSCI World Index (50% hedged to EUR), because the long-term expected rate of return of the Fund is broadly similar to that of a developed market equity fund. The diversified nature of the Fund means that it is expected to have less exposure than a pure equity fund to adverse equity market conditions. However, the Fund may perform less strongly than a pure equity fund in benign or positive market conditions.

  • Aims to provide pure market exposure for long-term investors
  • A fund designed to provide a return broadly similar to developed market equities but with lower volatility
  • Delivering a diversified investment that is straightforward and transparent in its approach

Fund updates

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 May 2019

    Cumulative Fund
    1 month -1.72
    6 months 4.54
    Year to date 8.41
    3 years -
    5 years -
    Since launch 3.40
    Annualised Fund
    1 year 2.80
    3 years -
    5 years -
    Since launch 2.25

    As at 31 Mar 2019

    Cumulative Fund
    Quarterly 8.84
    Year to date 8.84
    3 years -
    5 years -
    Since launch 3.81
    Annualised Fund
    1 year 6.20
    3 years -
    5 years -
    Since launch 2.84
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 31 March 2015 2016 2017 2018 2019
    Fund - - - - 6.20

    Calendar year performance (%)

    2014 2015 2016 2017 2018
    Fund - - - - -5.24

    Monthly performance (%)

    Annualised performance (%)

    1 year 3 years 5 years Since launch
    Fund 2.80 - - 2.25

    Annualised performance (%)

    1 year 3 years 5 years Since launch
    Fund 6.20 - - 2.84

    Performance for the C EUR Acc unit class in EUR, launched on 19 December 2016. 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 guide to the future.

    Performance for the I EUR Acc unit class in EUR, launched on 28 November 2017. 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 guide to the future.

    Performance for the P EUR Acc unit class in EUR, launched on . 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 guide to the future.

    Performance for the R EUR Inc unit class in EUR, launched on 22 August 2018. 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 guide to the future.

    Performance for the Z EUR Acc unit class in EUR, launched on 17 August 2016. 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 guide to the future.

    Portfolio

    As at 31 May 2019. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Asset allocation (%)

    Equities 37.2
    Developed Corporate Bonds 19.2
    Developed Government Bonds 11.8
    Alternatives 31.9

    Equities (%)

    Europe ex UK Equity 9.8
    North America Equity 6.9
    Emerging Market Equity 5.6
    Japan Equity 5.3
    Developed Small Cap Equity 3.9
    Asia Pacific ex Japan Equity 3.4
    UK Equity 1.3
    Frontier Market Equity 0.9

    Developed corporate bonds (%)

    USD Corporate Bonds 11.5
    EUR Corporate Bonds 5.7
    GBP Corporate Bonds 2.0

    Government bonds (%)

    Developed government bonds (%)

    Euro Sovereign Bonds 3.0
    EUR Inflation-Linked Bonds 3.0
    Developed (ex Euro ) Sovereign Debt 2.3
    US Inflation-Protected Bonds 2.0
    Index-Linked Gilts 1.5

    Credit and emerging market debt (%)

    Alternatives (%)

    Global Real Estate* 6.5
    Global High Yield 6.3
    Emerging Market Sovereign Debt (local) 6.0
    Infrastructure* 6.0
    Emerging Market Sovereign Debt (USD) 3.1
    Commodities** 2.0
    EU Real Estate* 2.0

    UK (%)

    Europe ex UK (%)

    North America (%)

    Japan (%)

    Asia Pacific ex Japan (%)

    Emerging markets (%)

    Energy (%)

    Grains (%)

    Industrial Metals (%)

    Precious Metals (%)

    Softs (%)

    Livestock (%)

    Fund Manager

    LGIM Asset Allocation Team

    The Fund’s asset allocation is set and maintained by LGIM’s Asset Allocation team. The team has a wealth of experience in fund management, investment strategy and economics. They are responsible for a wide range of multi-asset funds and investment strategies across LGIM's client base. The Fund allows a broad range of investors to access this expertise.

    Literature

    Prices

    This share class is not currently pricing.
    Name
    I EUR Acc
    Mid price
    104.89c
    Change (%)
    0.009535
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    R EUR Inc
    Mid price
    102.84c
    Change (%)
    0.009725
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    C EUR Acc
    Mid price
    111.65c
    Change (%)
    0.008957
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    n/a
    Mid price
    n/a
    Change (%)
    n/a
    Currency
    n/a
    Price time
    n/a
    Name
    Z EUR Acc
    Mid price
    113.18c
    Change (%)
    0.017674
    Currency
    EUR
    Price time
    22:30 Irish time

    Further details

    Costs

    Price basis
    Single - dilution levy
    Initial charge
    0.00%
    Ongoing charges figure
    0.35%
    Dilution levy
    0.26%- round trip
    Entry Anti-Dilution Levy
    0.14%
    Exit Anti-Dilution Levy
    0.12%

    Codes

    ISIN
    IE00BYX4Q975
    SEDOL
    -
    Bloomberg
    LGDEIEA ID
    MEX
    -

    Dealing information

    Valuation frequency
    Daily, 22:30 Irish time
    Dealing frequency
    Each Irish and UK Business Day
    Settlement period
    T+2
    Administrator/Custodian
    Northern Trust
    Spreads are effective from 22 May 2019.

    Country registration

    This share class is registered for sale in the following countries:

    For valuations and account queries contact:

    Legal & General ICAV
    LGIM Liquidity Funds Plc

    Northern Trust International Fund Administration Services (Ireland) Limited
    George’s Court, 54-62 Townsend Street
    Dublin 2, Ireland.
    Fax: +353 1 434 5293
    Telephone: +353 1 434 5080
    Email: [email protected]

    Legal & General SICAV
    Northern Trust Global Services SE
    6 rue Lou Hemmer
    L-1748 Senningerberg
    Grand-Duché de Luxembourg
    Facsimile: +352 276 222 150
    Telephone: +352 276 222 514
    Email: [email protected]

    Key risks

    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.

    Important information

    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.

    Source and third party data

    Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.

    Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data

    Issuer

    Information for all Collectives is issued by Legal & General Investment Management Limited (‘LGIM’). It is a MiFID II compliant investment management firm that acts as Promoter and Distributor to a range of EU domiciled UCITS umbrella companies and a range of UK domiciled UCITS and Non UCITS Retail Schemes. LGIM also acts has been appointed as the Investment Manager of these funds.

    Legal & General Investment Management Limited is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272