PMCs

Unit-Linked Life Insurance

FTSE Paris Aligned World Developed Equity Index Fund

Fund codeGPGG

Fund aim

The investment objective of the Fund is to track the performance of the index (less withholding tax) to within +/ 0.60% p.a. for two years out of three.

Fund characteristics

The fund employs an index tracking strategy, aiming to replicate the performance of its benchmark. The index aims to provide exposure to developed world equity markets while also aiming to meet or exceed the minimum requirements as set out by the EU Paris-Aligned Benchmark.
We follow a pragmatic approach to managing index funds, either investing directly in the securities of that index, or indirectly through other LGIM funds. The fund may also hold index and single stock futures for efficient portfolio management.

Fund facts

Fund size£3,841.6m
Base currencyGBP
DomicileUnited Kingdom
Share class launch30/04/22
As at 31 Dec 2023

Benchmark

FTSE Developed Paris-Aligned (PAB) Index

Performance

Source: LGIM. 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 incurs
Past performance is not a guide to future performance and the value of investments can go down as well as up.
Share class launch date:30 Apr 2022
Benchmark:FTSE Developed Paris-Aligned (PAB) Index
Share class launch date:30 Apr 2022
Benchmark:FTSE Developed Paris-Aligned (PAB) Index
    Share class launch date:30 Apr 2022
    Benchmark:FTSE Developed Paris-Aligned (PAB) Index

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings29.5%
    Rest of portfolio70.5%
    No. of holdings in fund1,035
    No. of holdings in index1,033

    Top 10 holdings (%)

    Amazon.com5.2
    Microsoft5.2
    Apple4.9
    Tesla4.2
    Alphabet A2.4
    Alphabet C2.1
    Cisco Systems1.7
    Salesforce1.3
    Visa1.3
    Novo Nordisk B1.3

    Sector (%)

    Technology
    		26.6
    Consumer Discretionary
    		18.3
    Health Care
    		13.5
    Industrials
    		13.4
    Financials
    		8.5
    Telecommunications
    		5.2
    Consumer Staples
    		4.4
    Real Estate
    		4.3
    Utilities
    		3.4
    Other
    		2.3

    All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index.

    Fund managers

    LGIM Index Fund Management Team headshot

    LGIM Index Fund Management Team

    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.

    Literature

    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.

    Download full price history

    Monthly price history

    Download full price history

    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.

    Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.

    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 2024. 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.

    Our thinking

    Bringing our most compelling thoughts to help you make more informed investment decisions.

    Read our latest thought leadership

    Solutions

    We offer pension solutions that are tailored to your needs.

    Pension solutions at LGIM: an overview

    Contact us

    Contact us for further information on our investment solutions and services.

    Get in touch