PMCs

Unit-Linked Life Insurance

Under 15 Year Index-Linked Gilts Index Fund

Fund aim

The investment objective of the fund is to track the performance of the FTSE Actuaries UK Index Linked Gilts up to 15 Years Index to within +/- 0.25% 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.

Fund facts

Fund size£273.8m
Base currencyGBP
DomicileUnited Kingdom
Share class launch07/06/07
Modified duration6.44 years
Gross redemption yield (unhedged)0.22%
As at 31 Dec 2023

Benchmark

FTSE Actuaries UK Index-Linked Gilts up to 15 Years Index

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:07 Jun 2007
Benchmark:FTSE Actuaries UK Index-Linked Gilts up to 15 Years Index
Share class launch date:07 Jun 2007
Benchmark:FTSE Actuaries UK Index-Linked Gilts up to 15 Years Index
    Share class launch date:07 Jun 2007
    Benchmark:FTSE Actuaries UK Index-Linked Gilts up to 15 Years Index

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings81.1%
    Rest of portfolio18.9%

    Top 10 holdings (%)

    UK IL Gilt 1.25% 22 Nov 279.5
    UK IL Gilt 1.25% 22 Nov 329.0
    UK IL Gilt 1.125% 22 Nov 378.6
    UK IL Gilt 2.5% 17 Jul 248.5
    UK IL Gilt 0.125% 22 Mar 298.0
    UK IL Gilt 0.75% 22 Mar 348.0
    UK IL Gilt 0.125% 10 Aug 288.0
    UK IL Gilt 0.125% 22 Mar 247.6
    UK IL Gilt 2% 26 Jan 357.5
    UK IL Gilt 0.125% 22 Mar 266.4

    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.