PMCs

Unit-Linked Life Insurance

UK Equity (5% Capped) Passive Fund

Fund aim

The investment objective of the fund is to provide exposure to the FTSE All-Share Index whilst restricting the maximum weighting of any individual stock to 5%, within a pragmatic tolerance. All remaining UK stocks are included in proportion to their weightings in the FTSE All-Share Index. The benchmark is a composite of FTSE All-Share Core Index (a customised index) and the performance of the capped single stocks.

Fund characteristics

The fund invests in the UK Core Equity Index Fund and single stock UK equity funds. The underlying funds employ an index tracking strategy, aiming to replicate the performance of their individual benchmarks (less withholding tax where applicable). 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 funds may also hold index and single stock futures for efficient portfolio management.

Fund facts

Fund size£884.9m
Base currencyGBP
DomicileUnited Kingdom
Share class launch20/07/05
As at 31 Dec 2023

Benchmark

Composite of FTSE All-Share Core Index (a customised index) and the performance of the capped single stocks

Performance

Source: LGIM. 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.
Share class launch date:20 Jul 2005
Benchmark:Composite of FTSE All-Share Core Index (a customised index) and the performance of the capped single stocks
Share class launch date:20 Jul 2005
Benchmark:Composite of FTSE All-Share Core Index (a customised index) and the performance of the capped single stocks
    Share class launch date:20 Jul 2005
    Benchmark:Composite of FTSE All-Share Core Index (a customised index) and the performance of the capped single stocks

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings36.5%
    Rest of portfolio63.5%
    No. of holdings in fund581
    No. of holdings in index572

    Top 10 holdings (%)

    HSBC Holdings5.0
    AstraZeneca4.9
    Shell4.7
    Unilever4.4
    BP 3.6
    Rio Tinto2.9
    Diageo2.9
    GSK2.7
    RELX Group2.7
    Glencore2.7

    Sector (%)

    Financials
    24.4
    Consumer Staples
    15.0
    Consumer Discretionary
    12.9
    Industrials
    12.3
    Health Care
    9.5
    Energy
    8.6
    Basic Materials
    7.9
    Utilities
    3.9
    Real Estate
    2.9
    Other
    2.7

    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, daily close, or daily midday 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.