PMCs

Unit-Linked Life Insurance

RAFI Fundamental Developed (inc Korea) Reduced Carbon Pathway Equity Index Fund

Fund codeGPAE

Fund aim

The investment objective of the fund is to track the performance of the RAFI Fundamental Developed Custom Reduced Carbon Pathway 3% Index (less withholding tax where applicable) to within +/-1.0% 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. 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£29.4m
Base currencyGBP
DomicileUnited Kingdom
Share class launch10/10/11
As at 31 Dec 2023

Benchmark

RAFI Fundamental Developed Custom Reduced Carbon Pathway 3% Index

A customised 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
Please note that with effect from 17 September 2021 the index changed from the FTSE RAFI Developed 1000 Index and the fund name was amended from the FTSE RAFI Developed 1000 Equity Index Fund. The benchmark displayed in the tables opposite is a composite of the previous index and the current index which have been chain linked for reporting purposes.
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:10 Oct 2011
Benchmark:RAFI Fundamental Developed Custom Reduced Carbon Pathway 3% Index
Share class launch date:10 Oct 2011
Benchmark:RAFI Fundamental Developed Custom Reduced Carbon Pathway 3% Index
    Share class launch date:10 Oct 2011
    Benchmark:RAFI Fundamental Developed Custom Reduced Carbon Pathway 3% Index

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings13.6%
    Rest of portfolio86.4%
    No. of holdings in fund1,437
    No. of holdings in index1,649

    Top 10 holdings (%)

    Apple2.7
    Microsoft1.6
    Alphabet A1.6
    Meta Platforms A1.3
    JPMorgan Chase & Co1.2
    Berkshire Hathaway1.2
    Intel1.1
    Shell1.1
    Amazon.com1.0
    Exxon Mobil0.9

    Sector (%)

    Communications & Tech
    21.5
    Consumer Non-cyclical
    17.6
    Consumer Cyclical
    13.7
    Banks (Equity)
    11.8
    Industrials
    8.2
    Energy
    7.2
    Insurance (Equity)
    5.9
    Commodities
    5.4
    Utilities
    3.5
    Other
    5.1

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

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    Monthly price history

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    Please note that a maximum of 10 years price history is available.