ICAV (UCITS compliant)

L&G Diversified EUR Fund

Important Due to exceptional market conditions, spreads are currently volatile and may be subject to frequent change.

Fund facts

Fund size
€957.6m
Base currency
EUR
Launch date
17 Aug 2016
Domicile
Ireland
Share class launch

Statistics

As at 30 Apr 2020

Fund aim

The Fund aims to deliver long term capital growth through investment predominantly in other investment funds. The Fund aims to outperform the euro short term rate (€STR) (the "Cash Benchmark") by 3.75% per annum. This objective is before the deduction of any charges and measured over the long term (i.e. 5-10 years). However, the Fund is actively managed and the Investment Manager has full discretion over the composition of the Fund’s portfolio.

Benchmark

Cash benchmark: Euro Short Term Rate +3.75%; Comparator benchmark: MSCI World Net Total Return EUR Index

  • What does it invest in? Aims to have exposure to a globally diversified portfolio of company shares and related investments and bonds.
  • How does it invest? Actively managed, investing predominantly in other investment funds.

Fund updates

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Apr 2020

    CumulativeFundBenchmark
    1 month6.660.27
    6 months-7.181.61
    Year to date-9.481.07
    3 years--
    5 years--
    Since launch1.488.62
    AnnualisedFundBenchmark
    1 year-3.543.29
    3 years--
    5 years--
    Since launch0.613.47

    As at 31 Mar 2020

    CumulativeFundBenchmark
    Quarterly-15.140.68
    Year to date-15.140.68
    3 years--
    5 years--
    Since launch-4.868.20
    AnnualisedFundBenchmark
    1 year-8.333.17
    3 years--
    5 years--
    Since launch-2.113.43
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 31 March 2016 2017 2018 2019 2020
    Fund---6.20-8.35
    Benchmark---3.413.31

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund----5.2417.54
    Benchmark---3.423.36

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-3.54--0.61
    Benchmark3.29--3.47

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-8.33---2.11
    Benchmark3.17--3.43

    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. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

    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. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

    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. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

    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. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

    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. The Cash Benchmark of the Fund transitioned on 1 January 2020 as a result of the recommendation made by the working group on euro risk-free rates. Until this date performance is shown against the EONIA +3.75%. From 1 January 2020, performance is shown against €STR +3.75% (referred to as the "Benchmark" in the chart above).

    Past performance is not a guide to the future.

    Portfolio

    As at 30 Apr 2020. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Asset allocation (%)

    Equities34.2
    Developed Corporate Bonds20.0
    Developed Government Bonds11.4
    Alternatives34.1
    Cash0.3

    Equities (%)

    Europe ex UK Equity9.1
    Emerging Market Equity5.6
    North America Equity5.4
    Japan Equity5.4
    Developed Small Cap Equity3.9
    Asia Pacific ex Japan Equity2.9
    UK Equity1.0
    Frontier Market Equity0.9

    Developed corporate bonds (%)

    USD Corporate Bonds12.3
    EUR Corporate Bonds6.2
    GBP Corporate Bonds1.5

    Government bonds (%)

    Developed government bonds (%)

    Euro Sovereign Bonds2.9
    EUR Inflation-Linked Bonds2.9
    Developed (ex Euro ) Sovereign Debt2.4
    US Inflation-Protected Bonds1.8
    Index-Linked Gilts1.4

    Credit and emerging market debt (%)

    Alternatives (%)

    Global High Yield6.4
    Emerging Market Sovereign Debt (local)6.2
    Infrastructure*6.0
    Global Real Estate*5.4
    Emerging Market Sovereign Debt (USD)3.1
    Private Equity2.2
    Commodities**1.9
    EU Real Estate*1.9
    Timberland/Farmland*1.0

    UK (%)

    Europe ex UK (%)

    North America (%)

    Japan (%)

    Asia Pacific ex Japan (%)

    Emerging markets (%)

    Energy (%)

    Grains (%)

    Industrial Metals (%)

    Precious Metals (%)

    Softs (%)

    Livestock (%)

    *Exposure through shares in listed vehicles. **Exposure through investing in funds that aim to provide a similar return to selected commodity indices. The underlying funds invest in derivatives to provide the return of the specified indices. Asset allocations are subject to change.

    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

    Trading information

    Prices

    This share class is not currently pricing.
    Name
    I EUR Acc
    Mid price
    105.61c
    Change (%)
    0.104265
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    R EUR Inc
    Mid price
    101.51c
    Change (%)
    -0.275076
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    C EUR Acc
    Mid price
    112.51c
    Change (%)
    0.106771
    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
    114.26c
    Change (%)
    0.105134
    Currency
    EUR
    Price time
    22:30 Irish time

    Further details

    Costs

    Price basis
    Single - dilution levy
    Initial charge
    0.00%
    Ongoing charges figure
    0.31%
    Dilution levy
    0.25%- round trip
    Entry Anti-Dilution Levy
    0.13%
    Exit Anti-Dilution Levy
    0.12%

    Codes

    ISIN
    IE00BYX4Q975
    SEDOL
    BYX4Q97
    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

    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
    City East Plaza - Block A
    Towlerton
    Ballysimon Road
    Limerick
    Ireland
    V94 X2N9
    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

    Issued by LGIM Managers (Europe) Limited as management company for this fund. Registered in Ireland No. 609677. Registered Office: 33/34 Sir John Rogerson’s Quay, Dublin, 2, Ireland. Authorised and Regulated by the Central Bank of Ireland No. C173733.

    Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and 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.