As at 30 Sep 2021
Performance summary (%)
As at 30 Sep 2021
|Year to date||-7.51||-7.53|
Rolling 12-month performance to last quarter end (%)
|12 months to 30 September||2017||2018||2019||2020||2021|
Calendar year performance (%)
Monthly performance (%)
Annualised performance (%)
|Annualised||1 year||3 years||5 years||Since launch|
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.
As at 30 Sep 2021. 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.
Years to maturity (%)
|0 - 5 Years||1.6|
|5 - 10 Years||33.8|
|10 - 15 Years||25.0|
|15 - 20 Years||15.0|
|20 - 25 Years||12.6|
|25 - 30 Years||2.5|
|30 - 40 Years||6.8|
Credit rating (%)
|Top 10 holdings||21.6|
|Rest of portfolio||78.4|
|No. of issuers in fund||54|
|No. of issuers in index||52|
Top 10 holdings (%)
|Pfizer 2.735% 2043||2.6|
|Walmart 5.625% 2034||2.5|
|GSK 5.25% 2042||2.5|
|GSK 5.25% 2033||2.2|
|BHP Billiton 4.3% 2042||2.2|
|GSK 6.375% 2039||2.2|
|University of Oxford 2.544% 2117||2.0|
|Walmart 5.25% 2035||2.0|
|GSK 4.25% 2045||1.8|
|BG Energy Capital 5% 2036||1.7|
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.
LGIMIndex Fund Management Team
Weekly dealt funds are valued at the local market close on the day preceding the dealing day.
Daily close dealt funds are valued at the local market close on the dealing day.
Daily midday dealt funds are valued at the 12:00 (UK time) on the dealing day.
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.
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.
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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.
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.
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