Unit-Linked Life Insurance

North America Equity Index Fund

Fund facts

Fund size
-
Base currency
GBP
Launch date
Oct 1988
Domicile
United Kingdom

Statistics

As at 30 Jun 2020

Fund aim

Benchmark

Fund characteristics

Fund updates

Performance

Source: LGIM

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Jun 2020

    CumulativeFundBenchmark
    Quarterly--
    6 months--
    Year to date--
    AnnualisedFundBenchmark
    1 year--
    3 years--
    5 years--
    Since launch--
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 June 2016 2017 2018 2019 2020
    Fund20.8521.3112.5414.18-
    Benchmark20.8221.3112.4714.05-

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund5.3434.1311.310.8826.52
    Benchmark5.3234.1111.270.7826.46

    Monthly performance (%)

    Annualised performance (%)

    Annualised1 year3 years5 yearsSince launch
    Fund----
    Benchmark----

    Performance is reported in GBP based on weekly mid-market prices before the deduction of fees. Benchmark is supplied net of tax applicable to UK pension schemes..

    Performance is reported in GBP based on daily close mid-market prices after the deduction of our standard investment management fees. Benchmark is supplied net of tax applicable to UK pension schemes..

    Performance is reported in GBP based on weekly mid-market prices before the deduction of fees. Benchmark is supplied net of tax applicable to UK pension schemes..

    Performance is reported in GBP based on daily close mid-market prices after the deduction of our standard investment management fees. Benchmark is supplied net of tax applicable to UK pension schemes..

    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.

    Performance is reported in GBP based on weekly mid-market prices before the deduction of fees.

    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 30 Jun 2020. 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 (%)

    Technology27.5
    Financials16.5
    Consumer Services14.3
    Health Care12.7
    Industrials10.8
    Consumer Goods7.8
    Oil & Gas3.3
    Utilities3.0
    Basic Materials2.2
    Telecommunications2.0

    Market capitalisation (%)

    Large82.5
    Mid17.6
    Top 10 holdings24.5
    Rest of portfolio75.5
    No. of holdings in fund714
    No. of holdings in index663

    Top 10 holdings (%)

    Microsoft Corp5.5
    Apple Inc5.3
    Amazon.Com Inc4.2
    Facebook1.9
    Alphabet Cl A1.5
    Alphabet Cl C1.5
    Johnson & Johnson1.3
    Visa Inc Class A1.2
    Procter & Gamble Company1.0
    JPMorgan Chase & Co1.0

    Country (%)

    United States95.8
    Canada4.3

    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

    Literature

    Prices

    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a 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 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 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 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 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.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a 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.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a 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.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a 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 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 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
    -
    Bid price
    -
    Mid price
    -
    Offer price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Bid price
    -
    Mid price
    -
    Offer price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Bid price
    -
    Mid price
    -
    Offer price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Bid price
    -
    Mid price
    -
    Offer price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Bid price
    -
    Mid price
    -
    Offer price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    Primary
    Bid price
    2898.90p
    Mid price
    2900.17p
    Offer price
    2901.45p
    Absolute change
    -
    Currency
    GBP
    As at
    24 Jul 2020
    Name
    n/a
    Bid price
    n/a
    Mid price
    n/a
    Offer price
    n/a
    Absolute change
    n/a
    Currency
    n/a
    As at
    n/a
    Name
    GBP currency hedged
    Bid price
    441.11p
    Mid price
    441.31p
    Offer price
    441.52p
    Absolute change
    -
    Currency
    GBP
    As at
    24 Jul 2020
    Name
    n/a
    Bid price
    n/a
    Mid price
    n/a
    Offer price
    n/a
    Absolute change
    n/a
    Currency
    n/a
    As at
    n/a
    Name
    Net WHT
    Bid price
    2778.61p
    Mid price
    2779.84p
    Offer price
    2781.06p
    Absolute change
    -
    Currency
    GBP
    As at
    24 Jul 2020
    Name
    n/a
    Bid price
    n/a
    Mid price
    n/a
    Offer price
    n/a
    Absolute change
    n/a
    Currency
    n/a
    As at
    n/a
    Name
    Net WHT, EUR currency hedged
    Bid price
    393.20p
    Mid price
    393.38p
    Offer price
    393.57p
    Absolute change
    -
    Currency
    GBP
    As at
    24 Jul 2020
    Name
    Net WHT, GBP currency hedged
    Bid price
    424.05p
    Mid price
    424.25p
    Offer price
    424.45p
    Absolute change
    -
    Currency
    GBP
    As at
    24 Jul 2020

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

    Daily close

    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    Primary
    Mid price
    2873.57p
    Dealing price
    2872.30p
    Absolute change
    -
    Currency
    GBP
    As at
    29 Jul 2020
    Name
    Charges included
    Mid price
    2758.88p
    Dealing price
    2757.66p
    Absolute change
    -
    Currency
    GBP
    As at
    29 Jul 2020
    Name
    GBP currency hedged
    Mid price
    444.23p
    Dealing price
    444.02p
    Absolute change
    -
    Currency
    GBP
    As at
    29 Jul 2020
    Name
    GBP currency hedged, charges included
    Mid price
    292.72p
    Dealing price
    292.58p
    Absolute change
    -
    Currency
    GBP
    As at
    29 Jul 2020
    Name
    Net WHT
    Mid price
    2754.31p
    Dealing price
    2755.52p
    Absolute change
    -
    Currency
    GBP
    As at
    29 Jul 2020
    Name
    Net WHT, charges included
    Mid price
    2679.10p
    Dealing price
    2680.28p
    Absolute change
    -
    Currency
    GBP
    As at
    29 Jul 2020
    Name
    Net WHT, EUR currency hedged
    Mid price
    395.29p
    Dealing price
    395.48p
    Absolute change
    -
    Currency
    GBP
    As at
    29 Jul 2020
    Name
    Net WHT, GBP currency hedged
    Mid price
    427.05p
    Dealing price
    427.25p
    Absolute change
    -
    Currency
    GBP
    As at
    29 Jul 2020

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

    Daily midday

    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    Primary
    Mid price
    2862.52p
    Dealing price
    2861.26p
    Absolute change
    -
    Currency
    GBP
    As at
    30 Jul 2020
    Name
    Charges included
    Mid price
    2748.27p
    Dealing price
    2747.06p
    Absolute change
    -
    Currency
    GBP
    As at
    30 Jul 2020
    Name
    GBP currency hedged
    Mid price
    444.30p
    Dealing price
    444.09p
    Absolute change
    -
    Currency
    GBP
    As at
    30 Jul 2020
    Name
    GBP currency hedged, charges included
    Mid price
    292.76p
    Dealing price
    292.62p
    Absolute change
    -
    Currency
    GBP
    As at
    30 Jul 2020
    Name
    Net WHT
    Mid price
    2746.03p
    Dealing price
    2746.03p
    Absolute change
    -
    Currency
    GBP
    As at
    30 Jul 2020
    Name
    Net WHT, charges included
    Mid price
    2671.05p
    Dealing price
    2671.05p
    Absolute change
    -
    Currency
    GBP
    As at
    30 Jul 2020
    Name
    n/a
    Mid price
    n/a
    Dealing price
    n/a
    Absolute change
    n/a
    Currency
    n/a
    As at
    n/a
    Name
    Net WHT, GBP currency hedged
    Mid price
    427.02p
    Dealing price
    427.02p
    Absolute change
    -
    Currency
    GBP
    As at
    30 Jul 2020

    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.

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