RAFI Fundamental Global Low Carbon Transition Equity Index Fund
Unit-Linked Life Insurance
RAFI Fundamental Global Low Carbon Transition Equity Index Fund
Fund codeGPFX
Fund codeGPFX
Fund aim
Fund characteristics
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 | £1,738.9m |
| Base currency | GBP |
| Domicile | United Kingdom |
| Share class launch | 10/12/21 |
Benchmark
RAFI Fundamental Global Equity Low Carbon Transition Index (Net Tax)
Withholding tax rates applied to the index by the index provider are generally higher than those the fund incurs
Performance
Portfolio breakdown
As at 31 Dec 2023
| Top 10 holdings | 14.5% |
|---|---|
| Rest of portfolio | 85.5% |
| No. of holdings in fund | 2,279 |
|---|---|
| No. of holdings in index | 2,618 |
Top 10 holdings (%)
| Apple | 3.9 |
| Meta Platforms A | 1.9 |
| Microsoft | 1.8 |
| Alphabet A | 1.4 |
| JPMorgan Chase & Co | 1.3 |
| Shell | 0.9 |
| Bank of America | 0.9 |
| Samsung Electronics Co | 0.9 |
| Wells Fargo & Co | 0.8 |
| Unitedhealth Group | 0.7 |
Sector (%)
Communications & Tech | 23.5 |
Consumer Non-cyclical | 17.3 |
Consumer Cyclical | 12.8 |
Banks (Equity) | 12.6 |
Industrials | 7.8 |
Energy | 7.1 |
Insurance (Equity) | 5.5 |
Commodities | 4.9 |
Financial Services (Equity) | 3.4 |
Other | 5.1 |
| Top 10 holdings | 14.5% |
|---|---|
| Rest of portfolio | 85.5% |
| No. of holdings in fund | 2,279 |
|---|---|
| No. of holdings in index | 2,618 |
Top 10 holdings (%)
| Apple | 3.9 |
| Meta Platforms A | 1.9 |
| Microsoft | 1.8 |
| Alphabet A | 1.4 |
| JPMorgan Chase & Co | 1.3 |
| Shell | 0.9 |
| Bank of America | 0.9 |
| Samsung Electronics Co | 0.9 |
| Wells Fargo & Co | 0.8 |
| Unitedhealth Group | 0.7 |
Sector (%)
Communications & Tech | 23.5 |
Consumer Non-cyclical | 17.3 |
Consumer Cyclical | 12.8 |
Banks (Equity) | 12.6 |
Industrials | 7.8 |
Energy | 7.1 |
Insurance (Equity) | 5.5 |
Commodities | 4.9 |
Financial Services (Equity) | 3.4 |
Other | 5.1 |
Market capitalisation (%)
Large | 80.7 |
Mid | 15.1 |
Small | 4.3 |
Undefined | - |
Country (%)
United States | 49.9 |
Japan | 9.8 |
United Kingdom | 4.9 |
Canada | 3.4 |
Germany | 3.4 |
France | 3.3 |
Switzerland | 2.6 |
Korea | 2.4 |
Taiwan | 1.8 |
Other | 18.6 |
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
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
Document type
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.
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