Developed Balanced Factor Equity Index Fund
Unit-Linked Life Insurance
Developed Balanced Factor Equity Index Fund
Fund codeDMVI
Fund codeDMVI
Fund aim
Fund characteristics
The underlying Fund will have at least 90% exposure to assets that are included in the Underlying Fund index. The regional weightings within the index are market capitalisation weighted, but the constituents of each regional underlying sub-index are not market capitalisation weighted. The constituents of the index selected and weighted by a pre-defined set of equity risk-factors, as defined by the index provider. The Underlying Fund index also applies a screen to reduce exposure to securities which, in the opinion of the benchmark provider, have undesirable ESG and/or carbon intensity characteristics. The fund may also invest in permitted deposits, money market instruments, cash, near cash, units in collective investment schemes. The fund may invest in derivatives for the purposes of efficient portfolio management.
Fund facts
Fund size | £703.7m |
Base currency | GBP |
Domicile | United Kingdom |
Benchmark
SciBeta Developed Low-Carbon & ESG High-Factor-Intensity Multi-Beta (vol, val, mom, pro/inv) Maximum Deconcentration
A Scientific Beta (SciBeta) Index. * (vol, val, mom, pro/inv)
Performance
Portfolio breakdown
As at 31 Dec 2023
Top 10 holdings | 6.9% |
---|---|
Rest of portfolio | 93.1% |
Top 10 holdings (%)
Intel | 0.8 |
T-Mobile US | 0.7 |
Costco Wholesale | 0.7 |
Synopsys | 0.7 |
Boston Scientific | 0.7 |
Comcast | 0.7 |
Alphabet A | 0.7 |
Travelers Cos | 0.7 |
Aflac | 0.7 |
Walmart | 0.6 |
Sector (%)
Financials | 20.3 |
Technology | 20.2 |
Cyclical Consumer | 13.5 |
Healthcare | 12.9 |
Industrials | 12.1 |
Non-cyclical Consumer | 9.1 |
Basic Materials | 3.5 |
Energy | 3.1 |
Utilities | 3.1 |
Telecoms Services | 2.2 |
Top 10 holdings | 6.9% |
---|---|
Rest of portfolio | 93.1% |
Top 10 holdings (%)
Intel | 0.8 |
T-Mobile US | 0.7 |
Costco Wholesale | 0.7 |
Synopsys | 0.7 |
Boston Scientific | 0.7 |
Comcast | 0.7 |
Alphabet A | 0.7 |
Travelers Cos | 0.7 |
Aflac | 0.7 |
Walmart | 0.6 |
Sector (%)
Financials | 20.3 |
Technology | 20.2 |
Cyclical Consumer | 13.5 |
Healthcare | 12.9 |
Industrials | 12.1 |
Non-cyclical Consumer | 9.1 |
Basic Materials | 3.5 |
Energy | 3.1 |
Utilities | 3.1 |
Telecoms Services | 2.2 |
Currency (%)
USD | 68.8 |
EUR | 9.3 |
JPY | 6.7 |
GBP | 4.0 |
CAD | 3.3 |
CHF | 2.4 |
AUD | 1.9 |
SEK | 1.2 |
SGD | 0.7 |
Other | 1.8 |
Country (%)
United States | 68.7 |
Japan | 6.7 |
United Kingdom | 4.0 |
Canada | 3.3 |
France | 2.5 |
Switzerland | 2.4 |
Germany | 2.2 |
Australia | 1.9 |
Netherlands | 1.4 |
Other | 6.9 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
LGIM Index Fund 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.
Literature
Document type
Prices
Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a daily close basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
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