Unit Trust (UCITS compliant)

Legal & General Future World Climate Change Equity Factors Index Fund

Fund facts

Fund size
£203.0m
Base currency
GBP
Launch date
18 Jan 2018
Domicile
UK
Share class launch

Statistics

Historical yield
2.4%

As at 31 Jan 2019

Fund aim

The investment objective of the fund is to seek to provide both capital growth and income by tracking the performance of the FTSE All-World ex CW Climate Balanced Factor Index (the “Index”).

Benchmark

FTSE All-World ex CW Climate Balanced Factor Index

  • The fund uses alternative weights that aim to deliver better risk-adjusted returns than a traditional market cap index while keeping costs low
  • The fund captures the global transition to a low-carbon economy via a climate ‘tilt’, increasing exposure to companies we believe are well-positioned for the transition and lowering exposure to companies with high carbon emissions and fossil fuel assets
  • We want to influence change and companies that don’t meet our minimum criteria are excluded from the fund if proactive engagement proves unsuccessful

Fund updates

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Jan 2019

    Cumulative Fund
    1 month 4.28
    6 months -3.64
    Year to date 4.28
    3 years -
    5 years -
    Since launch -0.58
    Annualised Fund
    1 year 0.89
    3 years -
    5 years -
    Since launch -0.56

    As at 31 Dec 2018

    Cumulative Fund
    Quarterly -9.53
    Year to date -
    3 years -
    5 years -
    Since launch -4.66
    Annualised Fund
    1 year -
    3 years -
    5 years -
    Since launch -4.90
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 31 December 2014 2015 2016 2017 2018
    Fund - - - - -

    Calendar year performance (%)

    2014 2015 2016 2017 2018
    Fund - - - - -

    Monthly performance (%)

    Annualised performance (%)

    1 year 3 years 5 years Since launch
    Fund 0.89 - - -0.56

    Annualised performance (%)

    1 year 3 years 5 years Since launch
    Fund - - - -4.90

    Performance for the C Acc unit class in GBP, launched on 18 January 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down.

    Performance for the C Inc unit class in GBP, launched on 18 January 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down.

    Performance for the I Acc unit class in GBP, launched on 18 January 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down.

    Performance for the I Inc unit class in GBP, launched on 18 January 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down.

    Performance for the L Acc unit class in GBP, launched on 18 January 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down.

    Performance for the L Inc unit class in GBP, launched on 18 January 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down.

    Performance for the R Acc unit class in GBP, launched on 18 January 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down.

    Performance for the R Inc unit class in GBP, launched on 18 January 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to future returns. The value of your investment and any income taken from it is not guaranteed and may go up and down.

    Portfolio

    As at 31 Jan 2019. 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.

    Sector (%)

    Industrials 16.2
    Consumer Services 15.8
    Financials 13.4
    Consumer Goods 12.3
    Technology 9.3
    Health Care 9.0
    Utilities 8.2
    Oil & Gas 6.6
    Basic Materials 5.0
    Other 4.2

    Market capitalisation (%)

    Large 92.2
    Mid 6.0
    Small 0.0
    Micro 0.1
    Cash and Equivalents 1.7
    Top 10 holdings 6.7
    Rest of portfolio 93.3
    No. of holdings in fund 1,917
    No. of holdings in index 2,023

    Top 10 holdings (%)

    Apple Inc 1.0
    Royal Dutch Shell 0.9
    Procter & Gamble 0.7
    Microsoft Corp 0.6
    Alphabet 0.6
    Johnson & Johnson 0.6
    Costco Wholesale Corp 0.6
    Exxon Mobil Corporation 0.6
    CVS Health Corporation 0.6
    Total 0.5

    Country (%)

    United States 46.5
    Japan 9.2
    United Kingdom 7.8
    France 4.2
    Germany 3.4
    Australia 3.0
    Switzerland 2.3
    Canada 2.3
    Hong Kong 2.2
    Other 19.1

    Management Team

    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.

    LGIM Index Fund Management Team

    Literature

    Income

    Latest dividends

    The latest dividends are shown below. The historic level of income generated by this fund may go down as well up and will vary over time.

    of

    Dividend history

    Total dividends paid in each financial year of the fund.

    Prices

    Name
    I GBP Acc
    Bid price
    51.25p
    Offer price
    51.45p
    Absolute change
    -0.0058
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    I GBP Inc
    Bid price
    50.13p
    Offer price
    50.33p
    Absolute change
    -0.0057
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    R GBP Acc
    Bid price
    51.07p
    Offer price
    51.26p
    Absolute change
    -0.0058
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    R GBP Inc
    Bid price
    50.11p
    Offer price
    50.30p
    Absolute change
    -0.0057
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Acc
    Bid price
    51.29p
    Offer price
    51.48p
    Absolute change
    -0.0058
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Inc
    Bid price
    50.14p
    Offer price
    50.33p
    Absolute change
    -0.0057
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    L GBP Acc
    Bid price
    51.38p
    Offer price
    51.57p
    Absolute change
    -0.0058
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    L GBP Inc
    Bid price
    50.14p
    Offer price
    50.34p
    Absolute change
    -0.0057
    Currency
    GBP
    Price time
    15:00 UK time

    Further details

    Costs

    Price basis
    Dual
    Initial charge
    0.00%
    Ongoing charges figure
    0.30%
    Bid / Offer spread
    0.28%

    Codes

    ISIN
    GB00BF41Q726
    SEDOL
    BF41Q72
    Bloomberg
    LGFWIAG LN
    MEX
    LGNMO

    Dealing information

    Valuation frequency Daily, 3pm (UK time)
    Dealing frequency Daily
    Settlement period T+4
    Spreads are effective from 1 November 2018.

    Country registration

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

    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

    Index disclaimer

    Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). ©LSE Group 2018. FTSE Russell is a trading name of certain of the LSE Group companies. FTSE® is a trade mark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.