L&G Future World Global Equity Focus Fund
SICAV (UCITS compliant)
L&G Future World Global Equity Focus Fund
I-Class USD Distribution
ISINLU1824427808
Price
ISINLU1824427808
Price
Fund aim
The objective of the Fund is to provide long-term capital growth.
The Fund is actively managed and seeks to achieve its objective by investing predominantly in shares of companies on a global basis, including the emerging markets.
The sustainable investment objective of the Fund is to invest in companies which positively contribute to the United Nations Sustainable Development Goals (SDGs). The Fund is multi-thematic and targets sustainable themes, indicated by its investments’ contribution to the SDGs. All investments held by the Fund contribute to one or more of the SDGs.
Fund snapshot
- What does it invest in? Portfolio invests predominantly in shares of companies globally, including emerging markets, across a variety of sectors. The mandate to invest in companies capable of delivering long-term sustainable growth with high returns on capital.
- How does it invest? Actively managed portfolio, meaning that the Investment Manager will not be tied to investing in the constituents of any index, and will use its discretion with regards to selecting the companies, sectors, and geographical exposure of the Fund’s holdings. The Fund will also seek to reflect the Investment Manager’s long-term thematic and structural growth views. The fund also fully integrates environmental, social and governance (ESG) assessment and active engagement, where responsible investing and active ownership/stewardship represent core investment pillars.
- Does it have a sustainable objective?The Fund has a sustainable investment objective as it invests in companies which (i) contribute to environmental or social objectives, (ii) do not significantly harm any environmental or social objectives, and (iii) follow good governance practices. Further information can be found in the Fund Supplement. The Fund is multi-thematic and targets sustainable themes. All investments held by the Fund contribute to one or more of the UN Sustainable Development Goals (SDGs). The Fund is also committed to maintaining at least 50% less carbon emissions than the MSCI World Index.
Fund facts
Fund size | $96.9m |
Base currency | USD |
Fund launch date | 13 Jul 2018 |
Domicile | Luxembourg |
Share class launch | 31 Jul 2018 |
Benchmark
MSCI World Total Return Net Index
Costs
Initial charge | 0.00% |
Ongoing charges figure | 0.56% |
Dilution adjustment | 0.136% - round trip |
Performance
Portfolio breakdown
As at 31 Jan 2024
Top 10 holdings | 45.8% |
---|---|
Rest of portfolio | 54.2% |
No. of holdings | 36 |
---|
Top 10 holdings (%)
Microsoft Corp | 8.5 |
Alphabet Inc | 5.2 |
Apple Inc | 4.4 |
Novo Nordisk | 4.4 |
Mastercard Incorporated | 4.3 |
Mondelez Intl Inc | 4.0 |
S&P Global Inc | 3.9 |
Intuit | 3.8 |
Nestle | 3.8 |
Thermo Fisher Scientific Inc | 3.7 |
Country (%)
United States | 82.6 |
Denmark | 5.5 |
United Kingdom | 4.5 |
Netherlands | 2.9 |
Sweden | 1.9 |
Switzerland | 1.7 |
Germany | 0.9 |
Top 10 holdings | 45.8% |
---|---|
Rest of portfolio | 54.2% |
No. of holdings | 36 |
---|
Top 10 holdings (%)
Microsoft Corp | 8.5 |
Alphabet Inc | 5.2 |
Apple Inc | 4.4 |
Novo Nordisk | 4.4 |
Mastercard Incorporated | 4.3 |
Mondelez Intl Inc | 4.0 |
S&P Global Inc | 3.9 |
Intuit | 3.8 |
Nestle | 3.8 |
Thermo Fisher Scientific Inc | 3.7 |
Country (%)
United States | 82.6 |
Denmark | 5.5 |
United Kingdom | 4.5 |
Netherlands | 2.9 |
Sweden | 1.9 |
Switzerland | 1.7 |
Germany | 0.9 |
Market capitalisation (%)
Large | 91.7 |
Mid | 7.4 |
Small | 0.8 |
Undefined | - |
Top 5 sector over/underweights (%)
Fund | Relative | ||
---|---|---|---|
Industrials | 20.0 | 9.0 | |
Health Care | 19.1 | 6.8 | |
Information Technology | 28.4 | 4.7 | |
Consumer Staples | 7.7 | 0.9 | |
Financials | 16.1 | 0.9 | |
Real Estate | 0.0 | -2.3 | |
Utilities | 0.0 | -2.5 | |
Materials | 0.0 | -3.9 | |
Energy | 0.0 | -4.4 | |
Consumer Discretionary | 3.5 | -7.1 |
Top stock over/underweights (%)
Fund | Relative | ||
---|---|---|---|
Microsoft Corp | 8.5 | 3.8 | |
Mondelez Intl Inc | 4.0 | 3.8 | |
Novo Nordisk | 4.4 | 3.8 | |
Mastercard Incorporated | 4.3 | 3.7 | |
S&P Global Inc | 3.9 | 3.7 | |
Eli Lilly & Co | 0.0 | -0.9 | |
Broadcom Ltd | 0.0 | -0.9 | |
Tesla Inc | 0.0 | -0.9 | |
Meta Platforms Inc | 0.0 | -1.4 | |
Amazon Com Inc | 0.0 | -2.4 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding. The figures shown for market capitalisation (the total share value of a company) may not be comparable between funds as they can be measured and classed in different ways.
Fund managers
Robert White
Robert joined LGIM in 2018 as a Fund Manager for the UK Special Situations Trust. Prior to this Robert worked at Mirabaud Asset Management where he was an Assistant Fund Manager (2013 to 2018) on the UK Equities Core product. Before that he worked at PWC in their Transaction Services division. In total he has over 10 years experience working within financial services. He read Philosophy, Politics and Economics at Pembroke College, Oxford and is a member of the Institute of Chartered Accountants in England and Wales.
Sustainability
SFDR categorisation
Article 9The sustainable investment objective of the Fund is to invest in companies which positively contribute to the United Nations Sustainable Development Goals (‘SDGs’). The Fund is multi-thematic and targets sustainable themes, indicated by its investments’ contribution to the SDGs. All investments held by the Fund contribute to one or more of the SDGs.
The Fund also aims to maintain a carbon emissions intensity which is at least 50% less than the MSCI World Total Return net Index (the ‘Benchmark Index’). For reporting purposes, a proxy benchmark is used (which, for the avoidance of doubt, is deemed equivalent by the Investment Manager to the Benchmark Index) to measure the Fund’s attainment of this carbon emissions intensity target. The Benchmark Index is not aligned with the sustainable investment objective of the Fund; it is used for carbon emissions intensity comparison purposes and not for portfolio construction.
The sustainable investment objective of the Fund is to invest in companies which positively contribute to the United Nations Sustainable Development Goals (‘SDGs’). The Fund is multi-thematic and targets sustainable themes, indicated by its investments’ contribution to the SDGs. All investments held by the Fund contribute to one or more of the SDGs.
The Fund also aims to maintain a carbon emissions intensity which is at least 50% less than the MSCI World Total Return net Index (the ‘Benchmark Index’). For reporting purposes, a proxy benchmark is used (which, for the avoidance of doubt, is deemed equivalent by the Investment Manager to the Benchmark Index) to measure the Fund’s attainment of this carbon emissions intensity target. The Benchmark Index is not aligned with the sustainable investment objective of the Fund; it is used for carbon emissions intensity comparison purposes and not for portfolio construction.
The Fund seeks to implement LGIM’s Responsible Investment Framework which aims to provide a consistent and systematic approach to exclusions, refined criteria and thresholds for setting sustainability objectives with a defined terminology and approach to support the implementation of such objectives across the financial products managed by LGIM.
The Responsible Investment Framework sets out the various types of investment strategies that LGIM’s financial products can follow and the responsible investing methodologies that explain how such investment strategies are defined and implemented.
The Fund follows the following sustainability-related investment strategy:
Literature
Document type
Prices
Pricing information
Price basis | Single swing |
Price time | 23:00 CET |
Currency | USD |
Codes and dealing
Codes
ISIN | LU1824427808 |
SEDOL | - |
Bloomberg | LGEFIUD LX |
MEX | - |
Dealing information
Valuation frequency | Daily, 23:00 CET |
Dealing frequency | Each Business Day |
Settlement period | T+3 |
Administrator/Custodian | Northern Trust |
Country registration
This share class is registered for sale in the following countries: