Unit-Linked Life Insurance

Diversified Fund (Net WHT)

Fund facts

Fund size
£3.5m
Base currency
GBP
Launch date
May 2005
Domicile
United Kingdom

Statistics

As at 30 Sep 2020

Fund aim

Comparator

Fund characteristics

Fund updates

Performance

Source: LGIM

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Sep 2020

    CumulativeFundComparator
    Quarterly1.404.85
    6 months12.7124.91
    Year to date-0.392.39
    AnnualisedFundComparator
    1 year0.116.76
    3 years4.468.15
    5 years8.5212.52
    Since launch7.49-
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 September 2016 2017 2018 2019 2020
    Fund21.928.314.119.370.11
    Comparator21.6417.2213.134.736.76

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund2.8418.049.76-3.0514.56
    Comparator2.6223.1615.95-5.6424.51

    Monthly performance (%)

    Annualised performance (%)

    Annualised1 year3 years5 yearsSince launch
    Fund0.114.468.527.49
    Comparator6.768.1512.52-

    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 2020. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Asset allocation (%)

    Equities37.4
    Developed Corporate Bonds17.0
    Developed Government Bonds12.0
    Alternatives33.6

    Equities (%)

    North America Equity9.6
    Europe ex UK Equity7.0
    Emerging Market Equity6.8
    Japan Equity5.6
    Asia Pacific ex Japan Equity4.4
    UK Equity 2.1
    UK Small Cap Equity1.8
    Middle East & African Equity0.2

    Developed corporate bonds (%)

    GBP Corporate Bonds8.4
    USD Corporate Bonds7.0
    EUR Corporate Bonds1.5

    Government bonds (%)

    Developed government bonds (%)

    Developed (ex UK ) Sovereign Debt4.7
    US Inflation-Protected Bonds2.1
    Conventional Gilts1.9
    Index-Linked Gilts1.9
    Euro ILB1.4

    Credit and emerging market debt (%)

    Alternatives (%)

    Emerging Sovereign Debt9.0
    Global Real Estate *6.3
    High Yield Bonds6.1
    Global Infrastructure *6.0
    UK Physical Property4.4
    Commodities **1.9

    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.

    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 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.

    Weekly close

    Name
    Formerly Consensus, net WHT
    Bid price
    763.30p
    Mid price
    765.39p
    Offer price
    769.13p
    Absolute change
    -
    Currency
    GBP
    As at
    17 Nov 2020
    Name
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    Mid price
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    Offer price
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    Absolute change
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    As at
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    Name
    Net WHT
    Bid price
    155.51p
    Mid price
    155.93p
    Offer price
    156.69p
    Absolute change
    -
    Currency
    GBP
    As at
    17 Nov 2020
    Name
    n/a
    Bid price
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    Mid price
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    Offer price
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    Weekly dealt funds are valued at the local market close on the day preceding the dealing day.

    Daily close

    Name
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    Mid price
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    Dealing price
    n/a
    Absolute change
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    As at
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    Name
    Formerly Consensus, net WHT, charges included
    Mid price
    734.99p
    Dealing price
    734.88p
    Absolute change
    -
    Currency
    GBP
    As at
    24 Nov 2020
    Name
    Net WHT
    Mid price
    156.14p
    Dealing price
    156.12p
    Absolute change
    -
    Currency
    GBP
    As at
    24 Nov 2020
    Name
    n/a
    Mid price
    n/a
    Dealing price
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    Absolute change
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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
    n/a
    Mid price
    n/a
    Dealing price
    n/a
    Absolute change
    n/a
    Currency
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    Mid price
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    Dealing price
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    Absolute change
    n/a
    Currency
    n/a
    As at
    n/a
    Name
    Net WHT, charges included
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    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

    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.