Unit-Linked Life Insurance

North America Equity Index ESG Exclusions Fund

Fund facts

Fund size
£784.8m
Base currency
GBP
Launch date
Sep 2021
Domicile
United Kingdom

Statistics

As at 30 Sep 2021

Fund aim

Benchmark

Fund characteristics

Portfolio

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.

Sector (%)

Information Technology27.9
Health Care12.7
Financials12.3
Consumer Discretionary11.9
Communication Services10.9
Industrials8.1
Consumer Staples5.5
Energy3.0
Materials2.8
Other5.0

Market capitalisation (%)

Large85.1
Mid15.0
Top 10 holdings25.2
Rest of portfolio74.8
No. of holdings in fund700
No. of holdings in index706

Top 10 holdings (%)

Apple Inc5.8
Microsoft Corp4.9
Amazon.Com Inc3.6
Facebook2.0
Alphabet Cl A2.0
Alphabet Cl C1.9
Tesla Inc1.6
JPMorgan Chase & Co1.3
Nvidia Corp1.3
Unitedhealth Group Inc1.0

Country (%)

United States95.4
Canada4.6

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.

LGIMIndex Fund 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.
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
On Fund Charges
Bid price
115.28p
Mid price
115.33p
Offer price
115.38p
Absolute change
-
Currency
GBP
As at
24 Nov 2021
Name
On Fund Charges, GBP currency hedged
Bid price
103.44p
Mid price
103.49p
Offer price
103.54p
Absolute change
-
Currency
GBP
As at
24 Nov 2021

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

Daily close

Name
On Fund Charges
Mid price
116.15p
Dealing price
116.10p
Absolute change
-
Currency
GBP
As at
25 Nov 2021
Name
On Fund Charges, GBP currency hedged
Mid price
103.83p
Dealing price
103.79p
Absolute change
-
Currency
GBP
As at
25 Nov 2021

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

Daily midday

Name
On Fund Charges
Mid price
116.04p
Dealing price
116.09p
Absolute change
-
Currency
GBP
As at
26 Nov 2021
Name
On Fund Charges, GBP currency hedged
Mid price
103.84p
Dealing price
103.89p
Absolute change
-
Currency
GBP
As at
26 Nov 2021

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

The MSCI index is the exclusive property of MSCI INC. (“MSCI”). MSCI and the MSCI index name is a service mark of MSCI, or its affiliates, and has been licensed for use for certain purposes by Legal & General Investment Management ("LGIM") and its affiliates. The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Description of Funds contains a more detailed description of the limited relationship MSCI has with LGIM and any related funds.

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