Unit-Linked Life Insurance

Diversified Multi-Factor Equity Fund

Fund code

Given current market events we have now populated Fund Centre with Fund exposures to assets with “country of risk*” as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. Please see the exposures below for further information.

*Sourced from Bloomberg

Fund facts

Fund size
£2,550.8m
Base currency
GBP
Launch date
Jul 2017
Domicile
United Kingdom

Statistics

As at 31 Mar 2022

Fund aim

Comparator

Fund characteristics

Russia exposure

23 Feb 2022
0.41%
31 Mar 2022
0.00%

Belarus exposure

23 Feb 2022
0.00%
31 Mar 2022
0.00%

Ukraine exposure

23 Feb 2022
0.00%
31 Mar 2022
0.00%

As at 31 Mar 2022

These numbers give indicative Fund exposures to assets with “country of risk” sourced from Bloomberg as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. These exposures do not give an indication of the relative exposures versus the benchmark. The figures are based on early price estimated data so may differ from the fully verified month end NAV exposure. Where the holding is “indirect” (for example held in a sub-fund), best efforts have been made to ensure that exposure to the sub-fund(s) is on a consistent basis. As at dates have been chosen to reflect exposure both before and after the significant recent falls in values of impacted assets.

Exposures are presented to two decimal places, exposures may be rounded to 0 if less than 0.05%.

Fund updates

Performance

Source: LGIM

Performance (%)
Select period:
Change
    Performance (%)
    Select period:
    Change

      Performance summary (%)

      As at 31 Mar 2022

      CumulativeFundComparator
      Quarterly-1.47-3.25
      6 months3.440.91
      Year to date-1.47-3.25
      AnnualisedFundComparator
      1 year9.277.71
      3 years8.4611.21
      5 years--
      Since launch7.339.03
      Rolling 12-month performance
      Calendar year performance
      Monthly performance
      Annualised performance

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

      12 months to 31 March 2018 2019 2020 2021 2022
      Fund-6.90-14.3836.399.27
      Comparator-5.73-9.7841.537.71

      Calendar year performance (%)

      2017 2018 2019 2020 2021
      Fund--5.2818.060.7618.58
      Comparator--7.2021.5810.1616.55

      Monthly performance (%)

      Annualised performance (%)

      Annualised1 year3 years5 yearsSince launch
      Fund9.278.46-7.33
      Comparator7.7111.21-9.03

      Performance is reported in GBP based on weekly mid-market prices before the deduction of 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 31 Mar 2022. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

      Asset allocation (%)

      UK10.0
      Europe ex UK23.5
      North America32.7
      Japan9.5
      Asia Pacific ex Japan8.1
      Emerging Markets16.2

      Equities (%)

      Developed corporate bonds (%)

      Government bonds (%)

      Developed government bonds (%)

      Credit and emerging market debt (%)

      Alternatives (%)

      UK (%)

      Multi Factor UK ESG Exclusions Equity Fund10.0

      Europe ex UK (%)

      Multi Factor Developed Europe (ex UK) ESG Exclusions Equity Fund11.8
      Multi Factor Developed Europe (ex UK) ESG Exclusions Equity Fund (GBP hedged)11.7

      North America (%)

      Multi Factor North America ESG Exclusions Equity Fund (GBP hedged)16.4
      Multi Factor North America ESG Exclusions Equity Fund16.3

      Japan (%)

      Multi Factor Japan ESG Exclusions Equity Fund4.8
      Multi Factor Japan ESG Exclusions Equity Fund (GBP hedged)4.7

      Asia Pacific ex Japan (%)

      Multi Factor Developed Asia Pacific (ex Japan) ESG Exclusions Equity Fund (GBP hedged)4.0
      Multi Factor Developed Asia Pacific (ex Japan) ESG Exclusions Equity Fund4.0

      Emerging markets (%)

      Multi Factor Emerging Market ESG Exclusions Equity Fund16.2

      Energy (%)

      Grains (%)

      Industrial Metals (%)

      Precious Metals (%)

      Softs (%)

      Livestock (%)

      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, daily close, or daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.

      Weekly close

      Name
      Primary
      Bid price
      136.33p
      Mid price
      136.44p
      Offer price
      136.63p
      Absolute change
      -
      Currency
      GBP
      As at
      18 May 2022

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

      Daily close

      Name
      Primary
      Mid price
      135.26p
      Dealing price
      135.15p
      Absolute change
      -
      Currency
      GBP
      As at
      23 May 2022

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

      Daily midday

      Name
      Primary
      Mid price
      134.89p
      Dealing price
      134.78p
      Absolute change
      -
      Currency
      GBP
      As at
      24 May 2022

      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 2022. 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.