Given current market events we have now populated Fund Centre with Fund exposures to assets with “country of risk*” as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. Please see the exposures below for further information.
*Sourced from Bloomberg
Fund facts
Fund size
$226.8m
Base currency
USD
Launch date
24 Aug 2016
Domicile
Ireland
Share class launch
Statistics
As at 31 Mar 2022
Fund aim
The Fund aims to deliver long term capital growth through investment in other investment funds and direct securities. The Fund aims to outperform the Secured Overnight Financing Rate (SOFR) (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: Secured Overnight Financing Rate +3.75%; Comparator benchmark: MSCI World Net Total Return USD Index
Fund snapshot
- 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 in other investment funds and direct securities.
Russia exposure
23 Feb 2022
0.80%
31 Mar 2022
0.01%
Belarus exposure
23 Feb 2022
0.01%
31 Mar 2022
0.00%
Ukraine exposure
23 Feb 2022
0.17%
31 Mar 2022
0.07%
As at 31 Mar 2022
These numbers give indicative Fund exposures to assets with “country of risk” sourced from Bloomberg as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. These exposures do not give an indication of the relative exposures versus the benchmark. The figures are based on early price estimated data so may differ from the fully verified month end NAV exposure. Where the holding is “indirect” (for example held in a sub-fund), best efforts have been made to ensure that exposure to the sub-fund(s) is on a consistent basis. As at dates have been chosen to reflect exposure both before and after the significant recent falls in values of impacted assets.
Exposures are presented to two decimal places, exposures may be rounded to 0 if less than 0.05%.
Performance
Source: Lipper
Performance (%)
Performance summary (%)
As at 31 Mar 2022
| Cumulative | Fund | Benchmark |
| 1 month | 0.65 | 0.32 |
| 6 months | -2.02 | 1.89 |
| Year to date | -4.22 | 0.96 |
| 3 years | 22.62 | 13.82 |
| 5 years | - | - |
| Since launch | 26.42 | 20.48 |
| Annualised | Fund | Benchmark |
| 1 year | 2.12 | 3.80 |
| 3 years | 7.03 | 4.41 |
| 5 years | - | - |
| Since launch | 6.14 | 4.85 |
As at 31 Mar 2022
| Cumulative | Fund | Benchmark |
| Quarterly | -4.22 | 0.96 |
| Year to date | -4.22 | 0.96 |
| 3 years | 22.62 | 13.82 |
| 5 years | - | - |
| Since launch | 26.42 | 20.48 |
| Annualised | Fund | Benchmark |
| 1 year | 2.12 | 3.80 |
| 3 years | 7.03 | 4.41 |
| 5 years | - | - |
| Since launch | 6.14 | 4.85 |
Rolling 12-month performance to last quarter end (%)
| 12 months to 31 March | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Fund | - | - | -8.03 | 30.55 | 2.12 |
| Benchmark | - | - | 5.63 | 3.81 | 3.80 |
Calendar year performance (%)
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Fund | - | - | 18.35 | 8.43 | 8.12 |
| Benchmark | - | - | 5.93 | 4.12 | 3.79 |
Monthly performance (%)
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | 2.12 | 7.03 | - | 6.14 |
| Benchmark | 3.80 | 4.41 | - | 4.85 |
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | 2.12 | 7.03 | - | 6.14 |
| Benchmark | 3.80 | 4.41 | - | 4.85 |
Performance for the C USD Acc unit class in USD, 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 US Federal Reserve Board sponsored Alternative Reference Rates Committee recommendation. Until this date, performance is shown against the Fed Funds Effective Rate +3.75%. From 1 January 2020, performance is shown against SOFR +3.75% (referred to as the "Benchmark" in the chart above).
Past performance is not a guide to the future.
Performance for the I USD Acc unit class in USD, launched on 25 April 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 US Federal Reserve Board sponsored Alternative Reference Rates Committee recommendation. Until this date, performance is shown against the Fed Funds Effective Rate +3.75%. From 1 January 2020, performance is shown against SOFR +3.75% (referred to as the "Benchmark" in the chart above).
Past performance is not a guide to the future.
Performance for the Z USD Acc unit class in USD, launched on 24 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 US Federal Reserve Board sponsored Alternative Reference Rates Committee recommendation. Until this date, performance is shown against the Fed Funds Effective Rate +3.75%. From 1 January 2020, performance is shown against SOFR +3.75% (referred to as the "Benchmark" in the chart above).
Past performance is not a guide to the future.
Portfolio
As at 31 Mar 2022. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Asset allocation (%)
| Equities | 35.8 | |
| Developed Corporate Bonds | 19.1 | |
| Developed Government Bonds | 7.7 | |
| Alternatives | 33.8 | |
| Cash | 3.5 |
Equities (%)
| North America Equity | 8.4 |
| Europe ex UK Equity | 6.2 |
| Emerging Market Equity | 5.9 |
| Japan Equity | 5.0 |
| Developed Small Cap Equity | 4.1 |
| Asia Pacific ex Japan Equity | 3.6 |
| UK Equity | 1.6 |
| Frontier Market Equity | 1.0 |
Developed corporate bonds (%)
| USD Corporate Bonds | 12.0 |
| EUR Corporate Bonds | 5.7 |
| GBP Corporate Bonds | 1.4 |
Government bonds (%)
Developed government bonds (%)
| US Inflation-Protected Bonds | 3.0 |
| US Treasury Bonds | 2.2 |
| Developed (ex US) Sovereign Debt | 1.1 |
| EUR Inflation-Linked Bonds | 1.0 |
| Index-Linked Gilts | 0.5 |
Credit and emerging market debt (%)
Alternatives (%)
| Global Real Estate* | 7.2 |
| Emerging Market Sovereign Debt (local) | 6.5 |
| Global High Yield | 5.8 |
| Infrastructure* | 5.7 |
| Emerging Market Sovereign Debt (USD) | 3.0 |
| Private Equity | 2.4 |
| Commodities** | 2.0 |
| Timberland/Farmland* | 1.1 |
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
Fact sheets
2022Change date
ESG reports
Reports and accounts
2021Change date
Annual Report and Accounts
31 Dec 2021Annual Report and Accounts
31 Dec 2020Annual Report and Accounts
31 Dec 2019Annual Report and Accounts
31 Dec 2018Annual Report and Accounts
31 Dec 2017Annual Report and Accounts
31 Dec 2016Interim Report and Accounts
30 Jun 2021Interim Report and Accounts
30 Jun 2020Interim Report and Accounts
30 Jun 2019Interim Report and Accounts
30 Jun 2018Interim Report and Accounts
30 Jun 2017Trading information
Prices
Name
I USD Acc
Mid price
118.00c
Change (%)
1.044699
Currency
USD
Price time
22:30 Irish time
Name
C USD Acc
Mid price
135.32c
Change (%)
1.0454
Currency
USD
Price time
22:30 Irish time
Name
Z USD Acc
Mid price
133.30c
Change (%)
1.046089
Currency
USD
Price time
22:30 Irish time
Further details
Costs
Price basis
Single - dilution levy
Initial charge
0.00%
Ongoing charges figure
0.39%
Dilution levy
0.170%- round trip
Entry Anti-Dilution Levy
0.09%
Exit Anti-Dilution Levy
0.08%
Codes
ISIN
IE00BG0VVH86
SEDOL
BG0VVH8
Bloomberg
LGDUIUA 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 (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
10 Rue du Château d'Eau
L-3364 Leudelange
Grand-Duché de Luxembourg
Facsimile: +352 28 294 454
Telephone: +352 28 294 123
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 fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.
By investing in other funds this fund indirectly holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell its holdings in other funds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.
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.
Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.
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.
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