Unit-Linked Life Insurance

Developed Balanced Factor Equity Index Fund

Primary Primary (Daily Close) Primary (Daily Midday) GBP currency hedged GBP currency hedged (Daily Close) GBP currency hedged (Daily Midday)
Fund code
ESG report

Fund facts

Fund size
£1,490.4m
Base currency
GBP
Launch date
Aug 2018
Domicile
United Kingdom

Statistics

As at 30 Sep 2021

Fund aim

Benchmark

Fund characteristics

Performance

Source: LGIM

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Sep 2021

    CumulativeFundBenchmark
    Quarterly1.631.62
    6 months8.188.25
    Year to date13.4113.52
    AnnualisedFundBenchmark
    1 year21.6021.81
    3 years9.159.23
    5 years--
    Since launch8.888.98

    Benchmark: SciBeta Developed Low-Carbon & ESG High-Factor- Intensity Multi-Beta (vol, val, mom, pro/inv) Maximum Deconcentration Index

    Share class launch date: 08 Aug 2018

    Benchmark: SciBeta Developed High-Factor-Intensity Multi-Beta (vol, val, mom, pro/inv) Maximum Deconcentration Index

    Share class launch date: N/A

    Benchmark: SciBeta Developed High-Factor-Intensity Multi-Beta (vol, val, mom, pro/inv) Maximum Deconcentration Index

    Share class launch date: N/A

    Benchmark: SciBeta Developed Low-Carbon & ESG High-Factor- Intensity Multi-Beta (vol, val, mom, pro/inv) Maximum Deconcentration Index

    Share class launch date: N/A

    Benchmark: SciBeta Developed Low-Carbon & ESG High-Factor- Intensity Multi-Beta (vol, val, mom, pro/inv) Maximum Deconcentration Index

    Share class launch date: 10 Jan 2020

    Benchmark: SciBeta Developed Low-Carbon & ESG High-Factor- Intensity Multi-Beta (vol, val, mom, pro/inv) Maximum Deconcentration Index - GBP Hedged

    Share class launch date: 08 Aug 2018

    Benchmark: SciBeta Developed High-Factor-Intensity Multi-Beta (vol, val, mom, pro/inv) Maximum Deconcentration Index - GBP Hedged

    Share class launch date: N/A

    Benchmark: SciBeta Developed High-Factor-Intensity Multi-Beta (vol, val, mom, pro/inv) Maximum Deconcentration Index - GBP Hedged

    Share class launch date: N/A

    Benchmark: SciBeta Developed Low-Carbon & ESG High-Factor- Intensity Multi-Beta (vol, val, mom, pro/inv) Maximum Deconcentration Index - GBP Hedged

    Share class launch date: N/A

    Benchmark: SciBeta Developed Low-Carbon & ESG High-Factor- Intensity Multi-Beta (vol, val, mom, pro/inv) Maximum Deconcentration Index - GBP Hedged

    Share class launch date: N/A

    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 September 2017 2018 2019 2020 2021
    Fund--9.49-2.3321.60
    Benchmark--9.67-2.4621.81

    Data as at 30.09.2021

    Calendar year performance (%)

    2016 2017 2018 2019 2020
    Fund---20.126.12
    Benchmark---20.366.09

    Data as at 30.09.2021

    Monthly performance (%)

     

    Annualised performance (%)

    Annualised1 year3 years5 yearsSince launch
    Fund21.609.15-8.88
    Benchmark21.819.23-8.98

    Data as at 30.09.2021

    Performance is reported in GBP based on weekly mid-market prices before the deduction of fees. Withholding tax rates applied to the index by the index provider are generally higher than those the fund..

    Performance is reported in GBP based on daily close mid-market prices after the deduction of our standard investment management fees. Withholding tax rates applied to the index by the index provider are generally higher than those the fund..

    Performance is reported in GBP based on daily midday mid-market prices after the deduction of our standard investment management fees. Withholding tax rates applied to the index by the index provider are generally higher than those the fund..

    Performance is reported in GBP based on daily close mid-market prices before the deduction of fees. Withholding tax rates applied to the index by the index provider are generally higher than those the fund..

    Performance is reported in GBP based on daily midday mid-market prices before the deduction of fees. Withholding tax rates applied to the index by the index provider are generally higher than those the fund..

    Performance is reported in GBP based on weekly mid-market prices before the deduction of fees. Withholding tax rates applied to the index by the index provider are generally higher than those the fund..

    Performance is reported in GBP based on daily close mid-market prices after the deduction of our standard investment management fees. Withholding tax rates applied to the index by the index provider are generally higher than those the fund..

    Performance is reported in GBP based on daily midday mid-market prices after the deduction of our standard investment management fees. Withholding tax rates applied to the index by the index provider are generally higher than those the fund..

    Performance is reported in GBP based on daily close mid-market prices before the deduction of fees. Withholding tax rates applied to the index by the index provider are generally higher than those the fund..

    Performance is reported in GBP based on daily midday mid-market prices before the deduction of fees. Withholding tax rates applied to the index by the index provider are generally higher than those the fund..

    Past performance is not a guide to future performance and the value of investments can go down as well as up.

    Portfolio

    As at 30 Sep 2021. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Currency (%)

    USD66.0
    EUR10.0
    JPY8.1
    GBP4.2
    CAD3.5
    CHF2.5
    AUD1.7
    SEK1.5
    HKD1.0
    Other1.7

    Sector (%)

    Financials21.7
    Technology20.0
    Cyclical Consumer13.6
    Industrials13.5
    Healthcare12.8
    Non-cyclical Consumer8.2
    Basic Materials4.6
    Utilities2.1
    Telecommunications Services2.1
    Energy1.4
    Top 10 holdings6.0
    Rest of portfolio94.0

    Top 10 holdings (%)

    Synopsys Inc0.7
    Abbott Laboratories0.6
    Target Corp0.6
    Alphabet Cl A0.6
    Cadence Design Sys Inc0.6
    Xilinx Inc0.6
    Eaton Corp Plc0.6
    Chubb Ltd0.6
    Airbnb Inc-Class A0.6
    Amazon.Com Inc0.6

    Country (%)

    United States65.8
    Japan8.1
    United Kingdom4.2
    Canada3.5
    France2.8
    Switzerland2.5
    Germany2.3
    Netherlands1.8
    Australia1.7
    Other7.5

    Fund Manager

    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.

    LGIMIndex Fund Management Team

    Prices

    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
    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.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
    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.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
    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.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
    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.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.

    Weekly close

    Name
    Primary
    Bid price
    136.16p
    Mid price
    136.21p
    Offer price
    136.29p
    Absolute change
    -
    Currency
    GBP
    As at
    1 Dec 2021
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    GBP currency hedged
    Bid price
    133.38p
    Mid price
    133.43p
    Offer price
    133.51p
    Absolute change
    -
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    GBP
    As at
    1 Dec 2021
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    Weekly dealt funds are valued at the local market close on the day preceding the dealing day.

    Daily close

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    Name
    Charges included (Daily Close)
    Mid price
    -
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    -
    Absolute change
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    -
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    GBP currency hedged, charges included (Daily Close)
    Mid price
    -
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    -
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    GBP currency hedged (Daily Close)
    Mid price
    96.55p
    Dealing price
    96.55p
    Absolute change
    -
    Currency
    GBP
    As at
    2 Dec 2021
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    Daily close dealt funds are valued at the local market close on the dealing day.

    Daily midday

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    -
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    -
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    Name
    Primary (Daily Midday)
    Mid price
    -
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    GBP currency hedged, charges included (Daily Midday)
    Mid price
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    As at
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    GBP currency hedged (Daily Midday)
    Mid price
    -
    Dealing price
    -
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    Currency
    GBP
    As at
    -

    Daily midday dealt funds are valued at the 12:00 (UK time) on the dealing day.

    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 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.

    The return from your investment is not guaranteed and therefore you may receive a lower or higher return than you anticipated. There will be a variation in performance between funds with similar objectives due to the different assets selected.

    PMC’s charges and associated transaction costs are subject to change, with notice for the former and without notice for the latter. Charges and transactions costs deducted from the policy reduce your potential for capital growth in the future.

    Tax rules and the treatment of income and capital gains could change in the future and may be applied retrospectively.

    Inflation reduces the purchasing power of money over time as the cost of purchasing goods and services increases. If the rate of inflation exceeds the rate of return on your portfolio, it will erode the value of your portfolio and its investments in real terms.

    In extreme market conditions it may be difficult to realise assets held for a fund and it may not be possible to redeem units at short notice. We may have to delay acting on your instructions to sell or the price at which you cancel the units may be lower than you anticipated.

    The value of a fund’s assets may be affected by uncertainties such as international political developments, market sentiment, economic conditions, changes in government policies, restrictions on foreign investment and currency repatriation, currency fluctuations and other developments in the laws and regulations of countries in which investment may be made.

    PMC seeks to mitigate counterparty risk wherever possible on behalf of its policyholders through a variety of measures which include: each fund’s non-cash assets being held with independent custodians, sweeping cash (where appropriate) overnight into the LGIM’s range of Liquidity funds (above a deminimus level), using the delivery versus payment system when settling transactions and the use of central clearing for exchange traded derivatives and forward foreign exchange transactions. However, in the event of the failure of a counterparty, custodian or issuer there is a residual risk that a fund may suffer asset losses which are unrecoverable.

    Important information

    All performance periods over a year will be annualised.

    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 Information Document, the Key Features Document and Description of Funds 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.

    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 and General Assurance (Pensions 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 Pension and Life Funds is issued by Legal and General Assurance (Pensions Management) Limited (‘PMC’). It is a life insurance company which carries on linked insurance business. As part of that business, it holds investments divided into separate sub-funds known as PF Sections. The value of each Policy that it issues is determined by reference to the value of one or more of the PF Sections. Legal & General Investment Management Limited, has been appointed as the investment manager of these PF Sections and is authorised and regulated by the Financial Conduct Authority. LGIM also provides investment and marketing services to PMC.

    Legal and General Assurance (Pensions Management) Limited is Registered in England and Wales No. 01006112.  Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, No. 202202.

    Index disclaimer

    The index is the intellectual property (including registered trademarks) of EDHEC Risk Institute Asia Ltd and/or its licensors, which is used under license within the framework of ERI Scientific Beta activity. The fund that replicates fully or partially the index is not sponsored, endorsed, sold or promoted by EDHEC Risk Institute Asia Ltd and its licensors and neither EDHEC Risk Institute ASIA Ltd nor its licensors shall have any liability with respect thereto.

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