SICAV (UCITS compliant)

L&G Future World Global Equity Focus Fund

Fund facts

Fund size
$143.0m
Base currency
USD
Launch date
13 Jul 2018
Domicile
Luxembourg
Share class launch

Statistics

As at 31 Aug 2021

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.

Further details

Costs

Price basis
Single swing
Initial charge
0.00%
Ongoing charges figure
0.56%
Dilution adjustment
0.194%- round trip
Swing factor
0.072%

Codes

ISIN
LU1824427717
SEDOL
-
Bloomberg
LGEFIUA LX
MEX
-

Dealing information

Valuation frequency
Daily, 23:00 CET
Dealing frequency
Each Business Day
Settlement period
T+3
Administrator/Custodian
Northern Trust

Country registration

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

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Aug 2021

    CumulativeFund
    6 Months-
    Year to date-
    3 years-
    5 years-
    AnnualisedFund
    1 year-
    3 years-
    5 years-

    As at 30 Jun 2021

    CumulativeFund
    6 Months-
    Year to date-
    3 years-
    5 years-
    AnnualisedFund
    1 year-
    3 years-
    5 years-
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 June 2017 2018 2019 2020 2021
    Fund-----
    Comparator18.2011.096.332.8439.04

    Calendar year performance (%)

    2016 2017 2018 2019 2020
    Fund-----
    Comparator7.5122.40-8.7127.6715.90

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 years
    Fund---

    Annualised performance (%)

    1 year3 years5 years
    Fund---

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    Portfolio

    As at 31 Aug 2021. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Market capitalisation (%)

    Large84.5
    Mid13.7
    Small1.8
    Top 10 holdings40.9
    Rest of portfolio59.2
    No. of holdings41

    Top 10 holdings (%)

    Microsoft Corp5.5
    Facebook4.8
    Alphabet Cl A4.6
    S&P Global Inc4.3
    MSCI Inc3.9
    Paypal Holdings Inc3.8
    ASML3.5
    Mastercard3.5
    Thermo Fisher Scientific3.5
    Novo Nordisk3.5

    Country (%)

    United States64.0
    Netherlands5.9
    Denmark5.6
    Germany5.0
    United Kingdom4.7
    Hong Kong3.3
    Switzerland3.0
    France2.6
    Japan2.3
    Other3.6

    Top sector over/underweights (%)

    FundRelative
    Information Technology28.05.1
    Communication Services13.24.0
    Undefined3.13.1
    Industrials12.62.2
    Financials14.00.7
    Health Care10.1-2.6
    Real Estate0.0-2.7
    Utilities0.0-2.8
    Energy0.0-2.8
    Materials0.8-3.5

    Top 5 stock over/underweights (%)

    FundRelative
    S&P Global Inc4.34.1
    MSCI Inc3.93.8
    Facebook Inc4.83.3
    Paypal Holdings Inc3.83.2
    Novo Nordisk3.53.2
    Unitedhealth Group Inc0.0-0.7
    Johnson & Johnson0.0-0.8
    Tesla Inc0.0-1.0
    Amazon.Com Inc0.0-2.6
    Apple Inc0.0-4.2

    Sustainability

    Sustainability disclosures

    The Sustainable Finance Disclosure Regulation (SFDR) is an EU regulation that came into force on 10 March 2021, and imposes disclosure requirements for EU financial products. These requirements include disclosing sustainability-related information for funds that (i) promote (among other characteristics) environmental or social characteristics (Article 8 products), or (ii) have a sustainable investment objective (Article 9 products), both as defined under SFDR.

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

    The Fund has a sustainable investment objective. The Fund invests in companies which (i) contribute to a social or environmental objective, (ii) do not significantly harm any environmental or social objectives, and (iii) follow good governance practices.

    The sustainable investment objective of the Fund is to directly positively impact the SDGs. The Fund targets all SDGs, which is a wide universe but intentionally so. This gives us the flexibility to direct capital to what we believe to be the most pressing global issues over the long term. As of February 2021, the Fund is focused on the following SDGs:

    • SDG 8 - Decent work and economic growth
    • SDG 12 – Responsible consumption and production
    • SDG 9 – Industry, Innovation and Infrastructure
    • SDG 13 – Climate Action
    • SDG 3 – Good Health and Well Being

    We believe that investments in the companies held by the Fund are considered sustainable as our analysis has lead us to see these companies as having impact against the selected SDGs over the long-term. The way in which we conduct this analysis is outlined below:

    Stock selection

    We use a three-phase process to reduce the investment universe of global equity listed securities.

    1. The first phase of the process is to use thematic analysis to identify sustainable themes that address global challenges.

    • Our thematic analysis looks to identify high conviction views on key global trends. Such themes include (without limitation) technology, energy and demographics.

    2. The second phase of the process is to perform a bottom-up analysis of companies using our proprietary research tool called ESG Active View, as well as third party tools.

    • Our Active ESG View tool forms an essential component of this overall active research process. The tool brings together granular quantitative and qualitative inputs in order to reflect a full picture of the ESG risks and opportunities embedded within each company.
    • Active ESG View combines ESG raw data with qualitative assessment capturing ESG insights from our company analysis and engagements.
    • The ESG analysis starts with 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.
    • Our Global Research and Engagement Groups (GREG), which is made up of Investment Stewardship and investment teams, have established a proprietary materiality matrix using such data which seeks to identify financially material topics for a given industry. The materiality matrix brings structure to our research and a framework to help systematically define and prioritise our engagement activity across the firm.
    • The GREGs review the ESG data within the Active ESG View tool for each sector in order to increase or decrease weightings for each environmental, social and/or governance factor within the tool with the aim to create an overall assessment.
    • In particular, we use Active ESG View to assess the extent to which a company’s products or services positively contribute to the SDGs by analysing revenue streams to determine such contribution. We also include companies where practices have positive impact (e.g. sustainable sourcing of suppliers), or there is a positive contribution from company practices within day to day operations.

    3. The third phase of the process is additional research analysis of companies that we believe will make a positive impact on the environment and society over the long-term.

    • Each company is assessed on the basis of its contribution to the SDGs to evaluate the sustainability of its business and practices. All investments held by the Fund must align to one or more of the SDGs.
    • We use the SDGs as a forward looking indicator at the sector level to identify opportunities in companies that are growing in a sustainable manner. Integrating SDGs forms part of our approach to assess the long-term sustainability of a company through its revenue generation and sustainable business practices (programmes and policies).
    • We focus our time and attention on prominent industry leaders which are transforming their approach to drive positive change. Examples of such change include; innovative manufacturing techniques, the introduction of fully recyclable product, eco-friendly packaging and waste management, empowerment of the workforce and education for all.

    Our constructive engagement with companies that the Fund invests in is the vital pillar of our approach. Specifically;

    • Multi-layered and focused engagement with portfolio companies (2-3 times on average for every company, every year) to encourage such companies to increase the sustainability of their businesses and practices. For example, engagement with the aim to increase the proportion of green revenues through product innovation, or improving the social values of a business through the adoption of a more inclusive approach to employee matters and culture.
    • We use the frameworks presented in United Nations Sustainable Development Goals (SDG), as a powerful and common framework for engagement with companies to enhance long term sustainability – beyond just the company but to the environment and societies at large.
    • Through our engagement, with the focus to improve sustainability, we seek to drive impact by encouraging positive change.
    Carbon intensity

    The Fund aims to maintain at least 50% less carbon intensity than the MSCI World Index. The MSCI World Index is not aligned with the sustainable investment objective of the Fund; it is used for carbon intensity comparison purposes and not for portfolio construction.

    Future World Protection List

    The Future World Protection List captures companies failing to meet globally accepted business practices on sustainability, or our minimum requirements on the carbon transition. There are three components to the list:

    • Companies that derive 30% or more of their revenues (as a % of their balance sheet) from coal mining or extraction are excluded from the Fund.
    • Companies that are in breach of at least one of the United Nation Global Compact principles for a continuous period of three years (36 months) or more are considered persistent violators and are excluded.
    • Companies involved in controversial weapons are also excluded.

    The FWPL is monitored on an on-going basis and updated semi-annually. In order to determine the list of companies included on the Protection 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

    Climate Impact Pledge

    Companies are excluded from the Fund in accordance with our Climate Impact Pledge.

    • The Pledge 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.
    • The Climate Impact Pledge engagement strategy sets expectations of companies in the coal value chain. Where these companies do not meet minimum requirements with regards to our climate strategy and action, we will vote against and may divest from the Fund.
    • The CIP is monitored on an on-going basis and updated annually.

    Further information can be found at www.lgim.com/climate-impact-pledge

    Exclusions

    In addition to the above, the Fund also excludes investments in companies involved in nuclear weapons, firearms, alcohol, gambling or companies who derive more than 5% of their revenues from the production of tobacco.

    Tilting
    Paris-aligned benchmark optimisation
    ESG integration

    Having assessed the companies that the Fund is invested in, we have concluded that such investments do not significantly harm any environmental and social objectives. We have implemented processes and checks, using both environmental and social indicators, to verify on a bi-annual basis that the Fund’s investments do not cause any significant harm to any such objectives.

    A description of the extent to which the environmental and social characteristics are met will likely be made available as part of the annual report published in 2022 as required by SFDR. The Fund’s most recent annual report does not include any information pursuant to SFDR.

    Pre-contractual disclosure

    The Fund has a sustainable investment objective as it invests in companies which (i) contribute to a social or environmental objective, (ii) do not significantly harm any environmental or social objectives, and (iii) follow good governance practices. The Fund is multi-thematic and targets sustainable themes, indicated by its investments’ contribution to the United Nation’s Sustainable Development Goals (SDGs). All investments held by the Fund contribute to one or more of the SDGs.

    The Fund aims to maintain at least 50% less carbon intensity than the MSCI World Index. The MSCI World Index is not aligned with the sustainable investment objective of the Fund; it is used for carbon intensity comparison purposes and not for portfolio construction.

    The Investment Manager uses a three-phrase process to reduce the investment universe of global equity listed securities. The first phase of the process is to use thematic analysis to identify sustainable themes that address global challenges. Such themes include (without limitation) technology, energy and demographics. In addition, investments issued by companies in the L&G Future World Protection List are excluded from the Fund’s investment universe. A summary of the L&G Future World Protection List Methodology is available at: https://www.lgim.com/landg-assets/lgim/_document-library/capabilities/future-world-protection-list-public-methodology.pdf The Investment Manager also excludes companies from the investment universe in accordance with the Investment Manager’s climate impact pledge (the “Climate Impact Pledge”). The Pledge 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 the Investment Manager’s pioneering climate modelling. A summary of the Investment Manager’s Climate Impact Pledge is available at: www.lgim.com/climate-impact-pledge.

    The second phase of the process is to perform a bottom-up analysis of companies using the Investment Manager’s proprietary tool called ESG Active View, as well as third party tools. ESG Active View is a proprietary research tool which brings together granular quantitative and qualitative inputs by evaluating sector-specific Sustainability Factors. The ESG Active View provides an overview of how companies manage potential, sector-specific Sustainability Risks and opportunities, so that these can be considered alongside all other components of fundamental investment analysis. The ESG Active View tool also incorporates the Investment Manager’s proprietary scoring methodology called the ‘ESG Score’ which is a rules-based approach to scoring companies from an ESG perspective. Further information on the ESG Score can be found at: www.lgim.com

    The third phase of the process is a qualitative research analysis of companies that the Investment Manager believes will make a positive impact on the environment and society over the long-term. The Fund uses the SDGs as a forward looking indicator at the sector level to identify opportunities in companies that are growing in a sustainable manner. Each company is assessed on the basis of its contribution to the SGDs, and all investments held by the Fund must contribute to one or more of the SDGs.

    As a result of this process, the Fund has a concentrated portfolio of investments, and each of the Fund’s investments are individually assessed against their contribution to environmental and/or social objectives. The Investment Manager has processes in place to ensure that such investments do not significantly harm any other environmental or social objectives.

    The Investment Manager aims to ensure that (where applicable) the companies in which the Fund is invested follow good governance practices by 1) setting its expectations with company management with regard to good governance practices; 2) actively engaging with investee companies; 3) utilising its voting rights; and 4) supporting policymakers and legislators to ensure there is strong regulation and standards.

    Active engagement with the companies is used as a tool to drive progress and influence positive change and is conducted independently and in collaboration with industry peers and broader stakeholders. Engagement activities normally focus on specific material ESG issues and involve formulating an engagement strategy with regard to such issues with the aim to track and review the progress of the issuers during this process.

    The Investment Manager also provides regular reporting on the outcomes of its engagement. This can be made available on request or can be found at: www.lgim.com.

    Governance practices

    The ways in which we ensure that investee companies follow good governance practices are set out below.

    Setting expectations

    A number of policies and processes guide the engagement activities, set out the approach to investment stewardship, and outline the expectations of investee companies. The Global Corporate Governance and Responsible Investment Principles set out the approach and expectations with respect to key topics that are essential for an efficient governance framework, and for building a sustainable business model. We expect all companies on a global scale to closely align with our principles which set out the fundamentals of corporate governance. We also take into account market specificities and take a tailored approach to voting on some topics in various markets. Further related policies can be found on the Investment Stewardship section of the LGIM website.

    Active engagement

    Active engagement with the companies is used as a tool to drive progress and influence positive change and is conducted independently and in collaboration with industry peers and broader stakeholders. Engagement activities normally focus on specific material ESG issues and involve formulating an engagement strategy with regard to such issues with the aim to track and review the progress of the issuers during this process.

    Voting

    LGIM apply a common global strategy with respect to the use of voting rights, and setting expectations of investee companies with regards to planning, management and disclosure of sustainability issues. These principles impact on voting decisions, and for certain themes such as climate, gender and racial diversity there are structured voting and engagement processes in place.

    Supporting policymakers and legislators

    LGIM's Investment Stewardship team actively engages with policy makers and legislators to ensure there is strong regulation and standards in regards to governance practices.

    Fund Manager

    Shaunak joined LGIM in 2014 from Asian Century Quest, a multi-billion dollar fundamental focused long/short equity hedge fund based in New York. Shaunak has a BComm from Queen’s University Kingston, Canada.

    ShaunakMazumder

    Literature

    Trading information

    Prices

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    I USD Inc
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    For valuations and account queries contact:

    Legal & General (Unit Trust Managers) Limited
    PO Box 6080
    Wolverhampton
    WV1 9RB
    Tel : 0370 050 0955
    Email: [email protected]

    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.

    The return from this fund is dependent on relatively few individual investments. This means that a fall in the value of an individual investment can have a major impact on the overall performance of the fund.

    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 impact to the fund can be greater where derivatives are used in an extensive or complex way.

    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.

    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 Legal & General Investment Management Limited as promoter and distributor for this fund in the UK.

    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.

    Index disclaimer

    The funds shall or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with Legal & General Investment Management Limited and its affiliates and any related funds.