SICAV (UCITS compliant)

L&G Multi-Asset Target Return Fund

Given current market events we have now populated Fund Centre with Fund exposures to assets with “country of risk*” as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. Please see the exposures below for further information.

*Sourced from Bloomberg

Fund facts

Fund size
€107.1m
Base currency
EUR
Launch date
12 Dec 2018
Domicile
Luxembourg
Share class launch

Statistics

As at 31 Mar 2022

Fund aim

The objective of this Fund is to provide a combination of income and growth of ICE BofA EUR 3-Month Deposit Offered Rate Constant Maturity Index + 5% per annum, the “Benchmark”. This objective is before the deduction of any charges and measured over rolling three year periods. There is no guarantee that the manager will achieve the above objective in any period and capital invested in the Fund is at risk.

Benchmark

ICE BofA EUR 3-Month Deposit Offered Rate Constant Maturity Index + 5%

  • What does it invest in? Invests in a wide range of different types of investment, including funds, company shares, bonds, currencies and derivatives. May invest anywhere in the world, including in developing countries.
  • How does it invest? Actively managed, and seeks to achieve its return objective while managing overall volatility of the fund, reducing average sensitivity to global share prices and limiting losses in the event of a large fall in global shares.

Russia exposure

23 Feb 2022
1.87%
31 Mar 2022
0.30%

Belarus exposure

23 Feb 2022
0.00%
31 Mar 2022
0.00%

Ukraine exposure

23 Feb 2022
0.37%
31 Mar 2022
0.10%

As at 31 Mar 2022

These numbers give indicative Fund exposures to assets with “country of risk” sourced from Bloomberg as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. These exposures do not give an indication of the relative exposures versus the benchmark. The figures are based on early price estimated data so may differ from the fully verified month end NAV exposure. Where the holding is “indirect” (for example held in a sub-fund), best efforts have been made to ensure that exposure to the sub-fund(s) is on a consistent basis. As at dates have been chosen to reflect exposure both before and after the significant recent falls in values of impacted assets.

Exposures are presented to two decimal places, exposures may be rounded to 0 if less than 0.05%.

Performance

Source: Lipper

LIBOR is changing: read more on how future reforms of interbank offered rates may affect your investments with us.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Mar 2022

    CumulativeFundBenchmark
    1 month1.780.45
    6 months0.610.90
    Year to date-0.501.33
    3 years--
    5 years--
    Since launch10.496.61
    AnnualisedFundBenchmark
    1 year1.524.09
    3 years--
    5 years--
    Since launch4.072.59

    As at 31 Mar 2022

    CumulativeFundBenchmark
    Quarterly-0.501.33
    Year to date-0.501.33
    3 years--
    5 years--
    Since launch10.496.61
    AnnualisedFundBenchmark
    1 year1.524.09
    3 years--
    5 years--
    Since launch4.072.59
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    12 months to 31 March 2018 2019 2020 2021 2022
    Fund---12.371.52
    Benchmark---0.154.09

    Calendar year performance (%)

    2017 2018 2019 2020 2021
    Fund---2.714.22
    Benchmark---10.42-1.60

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund1.52--4.07
    Benchmark4.09--2.59

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund1.52--4.07
    Benchmark4.09--2.59

    Performance for the I EUR Acc unit class in EUR, launched on 12 December 2018. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the I GBP (Hedged) Acc unit class in GBP, launched on 25 April 2019. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the I GBP (Hedged) Inc unit class in GBP, launched on 30 September 2019. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the I JPY (Hedged) Acc unit class in JPY, launched on 10 May 2019. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the I USD (Unhedged) Acc unit class in USD, launched on 04 February 2022. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the I USD (Hedged) Acc unit class in USD, launched on 25 April 2019. Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the P EUR Acc unit class in EUR, launched on . Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the R EUR Acc unit class in EUR, launched on . Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the X EUR Acc unit class in EUR, launched on . Source: Lipper.

    Past performance is not a guide to the future.

    Performance for the Z EUR Acc unit class in EUR, launched on 12 December 2018. Source: Lipper.

    Past performance is not a guide to the future.

    Fund Managers

    Emiel joined LGIM in August 2013 as Head of Asset Allocation with responsibility for asset allocation strategy and macro research. Prior to joining LGIM, Emiel was CIO of the Multi-Asset Solutions Group at BNP Paribas Investment Partners, and responsible for managing a range of multi-asset strategies including absolute return, diversified growth funds, LDI and fiduciary, balanced mandates and multi-manager mandates

    Willem is responsible for LGIM's tactical asset allocation strategies. Willem joined LGIM in 2014 from BNP Paribas Investment Partners where he held the title of Head of TAA Research and Strategies. In this role he took responsibility for the multi-asset investment process and active management of global multi-asset portfolios, leading a team of economists, strategists and analysts. Willem graduated from the University of Groningen and University of Amsterdam, and holds a master's degree in econometrics and actuarial sciences. Willem is also a CFA charterholder.

    Chris is a fund manager in Multi-Asset Funds team with responsibilities in portfolio management and on-going development across the multi-asset product range. Chris joined LGIM in 2015 from HSBC Global Asset Management.

    Emielvan den Heiligenberg

    WillemKlijnstra

    ChrisJeffery

    ChristopherTeschmacher

    Literature

    Trading information

    Prices

    This share class is not currently pricing.
    This share class is not currently pricing.
    This share class is not currently pricing.
    Name
    I GBP Hedged Acc
    Mid price
    101.51p
    Change (%)
    -
    Currency
    GBP
    Price time
    22:30 CET
    Name
    I GBP Hedged Inc
    Mid price
    105.99p
    Change (%)
    -
    Currency
    GBP
    Price time
    22:30 CET
    Name
    I EUR Acc
    Mid price
    107.69c
    Change (%)
    -
    Currency
    EUR
    Price time
    22:30 CET
    Name
    I USD Acc
    Mid price
    88.91c
    Change (%)
    -
    Currency
    USD
    Price time
    22:30 CET
    Name
    I USD Hedged Acc
    Mid price
    105.44c
    Change (%)
    -
    Currency
    USD
    Price time
    22:30 CET
    Name
    I JPY Hedged Acc
    Mid price
    ¥102.47
    Change (%)
    -
    Currency
    JPY
    Price time
    22:30 CET
    Name
    n/a
    Mid price
    n/a
    Change (%)
    n/a
    Currency
    n/a
    Price time
    n/a
    Name
    n/a
    Mid price
    n/a
    Change (%)
    n/a
    Currency
    n/a
    Price time
    n/a
    Name
    n/a
    Mid price
    n/a
    Change (%)
    n/a
    Currency
    n/a
    Price time
    n/a
    Name
    Z EUR Acc
    Mid price
    109.99c
    Change (%)
    -
    Currency
    EUR
    Price time
    22:30 CET

    Further details

    Costs

    Price basis
    Single swing
    Initial charge
    0.00%
    Ongoing charges figure
    0.69%
    Dilution adjustment
    0.100%- round trip
    Swing factor
    0.05%

    Codes

    ISIN
    LU2052313744
    SEDOL
    BKLJVN5
    Bloomberg
    LGMTRII 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:

    For valuations and account queries contact:

    Legal & General (Unit Trust Managers) Limited
    PO Box 6080
    Wolverhampton
    WV1 9RB
    Tel : 0370 050 0955
    Email: [email protected]

    Legal & General ICAV
    LGIM Liquidity Funds Plc

    Northern Trust International Fund Administration Services (Ireland) Limited
    City East Plaza - Block A
    Towlerton
    Ballysimon Road
    Limerick
    Ireland
    V94 X2N9
    Fax: +353 1 434 5293
    Telephone: +353 1 434 5080
    Email: [email protected]

    Legal & General SICAV
    Northern Trust Global Services SE
    10 Rue du Château d'Eau
    L-3364 Leudelange
    Grand-Duché de Luxembourg
    Facsimile: +352 28 294 454
    Telephone: +352 28 294 123
    Email: [email protected]

    Key risks

    The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.

    Past performance is no guarantee of future results.

    The fund is a Target Return Fund. This type of fund tries to increase the value of your investment over a period of time, in both rising and falling markets. However, there is no guarantee of returns. You may not get back the money you invest. Target Return Funds use a range of different types of investment strategies and may use derivatives. It is possible that the value of these funds could go down when the market is rising, or may not rise as quickly.

    This fund holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell bonds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.

    The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.

    The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.

    Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains. The impact to the fund can be greater where derivatives are used in an extensive or complex way.

    The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.

    Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.

    Important information

    This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.

    No investment decisions should be made without first reviewing the key investor information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.

    Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.

    This information is only directed at investors resident in jurisdictions where each fund is registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.

    All information detailed on this website is current at the time of publication and may be changed in the future.

    Source and third party data

    Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.

    Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data

    Issuer

    Issued by Legal & General Investment Management Limited as promoter and distributor for this fund in the UK.

    Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.

    Index disclaimer

    Source ICE Data Indices, LLC (“ICE DATA”), is used with permission. ICE Data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE Data, its affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend Legal & General Investment Management (Holdings) Limited or its affiliates, or any of their products or services.