Fund updates
LGIM Diversified Fund Q3 2020 update
November 2020
12:44
Martin Dietz
LGIM Diversified Fund - update to 30 June 2020
August 2020
10:08
Martin Dietz
Fund facts
Fund size
£10,150.8m
Base currency
GBP
Launch date
Jan 2012
Domicile
United Kingdom
Statistics
As at 30 Sep 2020
Fund aim
Comparator
Fund characteristics
Fund updates
Performance
Source: LGIM
Performance (%)
Performance summary (%)
As at 30 Sep 2020
| Cumulative | Fund | Comparator |
| Quarterly | 1.68 | 4.85 |
| 6 months | 13.04 | 24.91 |
| Year to date | -0.79 | 2.39 |
| Annualised | Fund | Comparator |
| 1 year | -0.29 | 6.76 |
| 3 years | 4.42 | 8.15 |
| 5 years | 8.63 | 12.20 |
| Since launch | 7.95 | 12.01 |
Rolling 12-month performance to last quarter end (%)
| 12 months to 30 September | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Fund | 23.07 | 7.97 | 4.48 | 9.28 | -0.29 |
| Comparator | 20.28 | 16.88 | 13.13 | 4.73 | 6.76 |
Calendar year performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Fund | 1.41 | 20.54 | 9.60 | -2.88 | 14.83 |
| Comparator | 3.95 | 18.75 | 15.95 | -5.64 | 24.51 |
Monthly performance (%)
Annualised performance (%)
| Annualised | 1 year | 3 years | 5 years | Since launch |
|---|---|---|---|---|
| Fund | -0.29 | 4.42 | 8.63 | 7.95 |
| Comparator | 6.76 | 8.15 | 12.20 | 12.01 |
Performance is reported in GBP based on weekly mid-market prices before the deduction of fees.
Performance is reported in GBP based on daily close mid-market prices after the deduction of our standard investment management fees.
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 2020. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Asset allocation (%)
| Equities | 34.4 | |
| Developed Corporate Bonds | 16.9 | |
| Developed Government Bonds | 12.1 | |
| Alternatives | 36.5 | |
| Cash | 0.1 |
Equities (%)
| Europe ex UK Equity | 6.1 |
| North America Equity | 5.7 |
| Emerging Market Equity | 5.6 |
| Japan Equity | 4.9 |
| Developed Small Cap Equity | 3.9 |
| UK Equity | 3.6 |
| Asia Pacific ex Japan Equity | 3.3 |
| Frontier Market Equity | 1.0 |
| Middle East & African Equity | 0.2 |
Developed corporate bonds (%)
| GBP Corporate Bonds | 7.8 |
| USD Corporate Bonds | 7.1 |
| EUR Corporate Bonds | 2.0 |
Government bonds (%)
Developed government bonds (%)
| Developed (ex UK ) Sovereign Debt | 4.6 |
| Index-Linked Gilts | 4.0 |
| Conventional Gilts | 1.9 |
| Euro ILB | 1.6 |
Credit and emerging market debt (%)
Alternatives (%)
| Emerging Sovereign Debt | 8.9 |
| High Yield Bonds | 6.1 |
| Global Infrastructure * | 6.0 |
| Global Real Estate * | 5.5 |
| UK Physical Property | 4.4 |
| Global Private Equity * | 2.5 |
| 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 Managers
LGIM Asset Allocation Team
The Fund is managed 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 pension fund investors to access this expertise.
LGIM Allocation Strategy Management Team (ASM)
The day-to-day implementation of the allocation of the fund is managed by the Allocation Strategy Management team.
Literature
Fact sheets
2020Change date
KIDs and Key features
Marketing documents
Prices
Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a
weekly close, daily close, or 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 or 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
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
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
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
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
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
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
basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
Weekly close
Name
Primary
Bid price
209.59p
Mid price
210.10p
Offer price
211.08p
Absolute change
-
Currency
GBP
As at
19 Jan 2021
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Weekly dealt funds are valued at the local market close on the day preceding the dealing day.
Daily close
Name
Primary
Mid price
210.51p
Dealing price
210.04p
Absolute change
-
Currency
GBP
As at
25 Jan 2021
Name
Charges included
Mid price
204.84p
Dealing price
204.39p
Absolute change
-
Currency
GBP
As at
25 Jan 2021
Name
-
Mid price
-
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-
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As at
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Daily close dealt funds are valued at the local market close on the dealing day.
Daily midday
Name
Primary
Mid price
210.47p
Dealing price
210.85p
Absolute change
-
Currency
GBP
As at
26 Jan 2021
Name
Charges included
Mid price
204.81p
Dealing price
205.18p
Absolute change
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Currency
GBP
As at
26 Jan 2021
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-
Mid price
-
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-
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As at
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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
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). ©LSE Group 2019. 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.
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