PMCs

Unit-Linked Life Insurance

World Developed Equity Index Fund

Fund codeGPBG

Fund aim

The investment objective of the fund is to track the performance of the FTSE Developed World Index (less withholding tax where applicable) to within +/-0.5% 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£1,858.7m
Base currencyGBP
DomicileUnited Kingdom
Share class launch21/10/13
As at 31 Dec 2023

Benchmark

FTSE Developed World Index

Performance

Source: LGIM. 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
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:21 Oct 2013
Benchmark:FTSE Developed World Index
Share class launch date:21 Oct 2013
Benchmark:FTSE Developed World Index
    Share class launch date:21 Oct 2013
    Benchmark:FTSE Developed World Index

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings19.9%
    Rest of portfolio80.1%
    No. of holdings in fund2,114
    No. of holdings in index2,110

    Top 10 holdings (%)

    Apple4.7
    Microsoft4.6
    Amazon.com2.2
    Nvidia1.9
    Alphabet A1.4
    Meta Platforms A1.3
    Alphabet C1.2
    Tesla1.1
    Eli Lilly & Co0.8
    JPMorgan Chase & Co0.8

    Sector (%)

    Technology
    25.4
    Consumer Discretionary
    14.2
    Industrials
    13.7
    Financials
    13.4
    Health Care
    11.7
    Consumer Staples
    5.7
    Energy
    4.5
    Basic Materials
    3.4
    Telecommunications
    2.9
    Other
    5.4

    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, 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.