Unit-Linked Life Insurance

Diversified Fund

Fund facts

Fund size
£9,253.1m
Base currency
GBP
Launch date
Jan 2012
Domicile
United Kingdom

Statistics

As at 30 Sep 2019

Fund aim

Comparator

Fund characteristics

Fund updates

Performance

Source: LGIM

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Sep 2019

    Cumulative Fund Comparator
    Quarterly 2.87 2.70
    6 months 7.18 7.65
    Year to date 14.25 19.41
    Annualised Fund Comparator
    1 year 9.28 4.73
    3 years 7.22 11.46
    5 years 8.97 10.92
    Since launch 9.07 12.71
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 September 2015 2016 2017 2018 2019
    Fund 1.28 23.07 7.97 4.48 9.28
    Comparator 0.81 20.28 16.88 13.13 4.73

    Calendar year performance (%)

    2014 2015 2016 2017 2018
    Fund 10.20 1.41 20.54 9.60 -2.88
    Comparator 10.84 3.95 18.75 15.95 -5.64

    Monthly performance (%)

    Annualised performance (%)

    Annualised 1 year 3 years 5 years Since launch
    Fund 9.28 7.22 8.97 9.07
    Comparator 4.73 11.46 10.92 12.71

    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.

    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.

    Please note that the Fund’s allocation and comparator changed with effect from 31 July 2016. Comparator returns for periods starting before this date include an internally calculated composite benchmark composed of the benchmarks for each constituent fund that the Consensus Index Fund held. The Consensus Index Fund invested in a range of funds to follow the average distribution of the Balanced Fund, excluding Property as published in the CAPS Pooled Pension Fund Update.

    Performance is reported in GBP based on weekly mid-market prices before the deduction of fees.

    Performance is reported in GBP based on daily midday 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 2019. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Asset allocation (%)

    Equities 34.6
    Developed Corporate Bonds 16.5
    Developed Government Bonds 11.7
    Alternatives 37.2

    Equities (%)

    Europe ex UK Equity 6.3
    Emerging Market Equity 5.6
    North America Equity 5.5
    Japan Equity 5.0
    Developed Small Cap Equity 3.9
    UK Equity 3.8
    Asia Pacific ex Japan Equity 3.3
    Frontier Market Equity 1.0
    Middle East & African Equity 0.2

    Developed corporate bonds (%)

    GBP Corporate Bonds 8.1
    USD Corporate Bonds 6.9
    EUR Corporate Bonds 1.5

    Government bonds (%)

    Developed government bonds (%)

    Developed (ex UK ) Sovereign Debt 4.7
    Index-Linked Gilts 3.8
    Conventional Gilts 1.7
    Euro ILB 1.5

    Credit and emerging market debt (%)

    Alternatives (%)

    Emerging Sovereign Debt 9.1
    Global Real Estate * 6.5
    Global Infrastructure * 6.1
    High Yield Bonds 6.0
    UK Physical Property 4.8
    Global Private Equity * 2.7
    Commodities ** 2.0

    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 infrastructure and private equity companies and global Real Estate Investment Trusts (REITs). **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

    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 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 weekly close or 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 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
    192.94p
    Mid price
    193.35p
    Offer price
    194.16p
    Absolute change
    -
    Currency
    GBP
    As at
    11 Dec 2019
    Name
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    formerly Consensus, net WHT
    Bid price
    719.02p
    Mid price
    720.77p
    Offer price
    723.89p
    Absolute change
    -
    Currency
    GBP
    As at
    11 Dec 2019
    Name
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    Name
    Net WHT
    Bid price
    146.48p
    Mid price
    146.84p
    Offer price
    147.48p
    Absolute change
    -
    Currency
    GBP
    As at
    11 Dec 2019
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    GBP
    As at
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    Mid price
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    Offer price
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    Absolute change
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    Currency
    GBP
    As at
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    Absolute change
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    Currency
    GBP
    As at
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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
    194.11p
    Dealing price
    193.93p
    Absolute change
    -
    Currency
    GBP
    As at
    12 Dec 2019
    Name
    Charges included
    Mid price
    189.52p
    Dealing price
    189.34p
    Absolute change
    -
    Currency
    GBP
    As at
    12 Dec 2019
    Name
    n/a
    Mid price
    n/a
    Dealing price
    n/a
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    As at
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    Name
    formerly Consensus, net WHT, charges included
    Mid price
    696.01p
    Dealing price
    695.61p
    Absolute change
    -
    Currency
    GBP
    As at
    12 Dec 2019
    Name
    Net WHT
    Mid price
    147.44p
    Dealing price
    147.35p
    Absolute change
    -
    Currency
    GBP
    As at
    12 Dec 2019
    Name
    n/a
    Mid price
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    Name
    -
    Mid price
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    Absolute change
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    GBP
    As at
    -
    Name
    -
    Mid price
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    Dealing price
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    Absolute change
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    Currency
    GBP
    As at
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    Name
    -
    Mid price
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    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -

    Daily close dealt funds are valued at the local market close on the dealing day.

    Daily midday

    Name
    Primary
    Mid price
    193.34p
    Dealing price
    193.99p
    Absolute change
    -
    Currency
    GBP
    As at
    13 Dec 2019
    Name
    Charges included
    Mid price
    188.77p
    Dealing price
    189.41p
    Absolute change
    -
    Currency
    GBP
    As at
    13 Dec 2019
    Name
    n/a
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    As at
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    Name
    Net WHT, charges included
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
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    Currency
    GBP
    As at
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    Name
    -
    Mid price
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    Dealing price
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    Absolute change
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    Currency
    GBP
    As at
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    Name
    -
    Mid price
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    Dealing price
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    Absolute change
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    Currency
    GBP
    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.

    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.