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| === Statistics === | | === Statistics === |
| Historical yield: 3.4% (as at 31st December 2022). | | Historical yield: 3.4% (as at 31 Dec 2022). |
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| === Fund aim === | | === Fund aim === |
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| |Price basis | | |Price basis |
| |Single swing<ref>Single Swing: the pricing methodology set out in Section 12.5.3 where the Net Asset Value per Unit may be adjusted on any Dealing Day by way of a Dilution Adjustment. | | |Single swing |
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| Swing Factor: the percentage of the Net Asset Value by which the price of Units will be adjusted in accordance with Section 12.5.3, as set by the Manager from time to time and which generally shall not exceed 2% of the Net Asset Value per Unit of the relevant Fund.</ref>
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| |Initial charge | | |Initial charge |
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| |0.16% | | |0.16% |
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| |Dilution adjustment<ref>Dilution Adjustment: an adjustment to the price of Units by such amount or at such rate as is determined by the Manager for the purpose of reducing the effect of Dilution. | | |Dilution adjustment |
| | | |0.72%- round trip |
| Dilution: the amount of dealing costs incurred, or expected to be incurred for the account of a single-priced Fund to the extent that these costs may reasonably be expected to result, or have resulted, from the acquisition or disposal of investments for the account of the single-priced Fund as a consequence (whether or not immediate) of the increase or decrease in the cash resources of the single-priced Fund resulting from the issue or cancellation of Units over a period; for the purposes of this definition, dealing costs include both the costs of dealing in an investment, professional fees incurred, or expected to be incurred, in relation to the acquisition or disposal of approved immovables and, where there is a spread between the buying and selling prices of the investment, the indirect cost resulting from the differences between those prices.</ref>
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| |0.72%- round trip<ref>In finance, a round trip dilution adjustment is a type of adjustment made to the performance of an investment in order to account for the impact of dilution on the investment's value. Dilution occurs when a company issues new shares of stock, which can reduce the ownership percentage and value of existing shares. | |
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| A round trip dilution adjustment takes into account both the dilution that occurs when new shares are issued and the potential increase in value that occurs when the new shares are later sold or redeemed. It assumes that the investor sells their shares at the end of the investment period and that any new shares issued during the investment period are also sold at that time.
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| To calculate a round trip dilution adjustment, the performance of the investment is first calculated without taking into account any dilution that occurred during the investment period. This is known as the "undiluted return". The actual return of the investment, taking into account the dilution that occurred during the investment period, is then calculated by adjusting the undiluted return based on the number of shares that were diluted and the price at which the new shares were issued.
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| For example, suppose an investor owns 100 shares of a company that issues 10 new shares during the investment period. The investor's ownership percentage and the value of their shares would be diluted by 9.09% (10 new shares divided by 110 total shares). If the undiluted return of the investment was 10%, the round trip dilution adjustment would be calculated by adjusting the return downward by 9.09% to account for the dilution, resulting in an actual return of 9.10%. This adjustment ensures that the investor's return is more accurately reflected by taking into account the impact of dilution on the value of their investment.</ref>
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| '''Dilution adjustment:''' On any day, the prices for buying or selling units in this Fund are the same. The Fund manager calculates a single price for this Fund based on the mid-point between the buying and selling prices of the Fund's assets. In certain circumstances, the Fund manager can adjust this price to account for whether there is more money going into or coming out of the Fund. This is called a ‘dilution adjustment’. | | '''Dilution adjustment:''' On any day, the prices for buying or selling units in this Fund are the same. The Fund manager calculates a single price for this Fund based on the mid-point between the buying and selling prices of the Fund's assets. In certain circumstances, the Fund manager can adjust this price to account for whether there is more money going into or coming out of the Fund. This is called a ‘dilution adjustment’. |
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| This can vary but as an example for this Fund we estimate 0.61% for purchases and 0.11% for sales at 02 February 2023. The amount of the dilution adjustment may differ in future. For more information about charges and costs, please see the charges and expenses section in the Fund's Prospectus, or visit our website at www.legalandgeneral.com/chargesandfees. | | This can vary but as an example for this Fund we estimate 0.61% for purchases and 0.11% for sales at 02 February 2023. The amount of the dilution adjustment may differ in future. For more information about charges and costs, please see the charges and expenses section in the Fund's Prospectus, or visit our website at www.legalandgeneral.com/chargesandfees. |
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| === Codes ===
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| |ISIN<ref>ISIN stands for International Securities Identification Number. It is a unique identification code that is used to identify securities such as stocks, bonds, and other financial instruments.
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| The ISIN code is a 12-character alphanumeric code that is assigned to each security, and it provides a standardized way to identify securities across different countries and exchanges. The code is made up of three parts:
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| 1) Country code: The first two characters of the ISIN code represent the country in which the security was issued.
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| 2) Security code: The next nine characters of the ISIN code are unique to the security and are assigned by the national numbering agency of the country where the security was issued.
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| 3) Check digit: The final character of the ISIN code is a check digit that is calculated using a mathematical formula based on the other 11 characters in the code. This helps to ensure the accuracy of the code.
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| The ISIN code is used by financial institutions, regulators, and investors to identify and track securities for trading, settlement, and reporting purposes. It is an important tool for facilitating international investment and ensuring transparency in financial markets.</ref>
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| |GB00B8386G47
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| |SEDOL<ref>SEDOL stands for Stock Exchange Daily Official List. It is a seven-character alphanumeric code that is used to identify securities traded on the London Stock Exchange and other exchanges in the United Kingdom.
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| The SEDOL code is assigned by the London Stock Exchange and is used to uniquely identify each security listed on the exchange. The code consists of two parts:
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| 1) Six-character alphanumeric security identifier: This part of the code uniquely identifies the security and is assigned by the London Stock Exchange.
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| 2) Check digit: The final character of the code is a check digit that is calculated using a mathematical formula based on the other six characters in the code. This helps to ensure the accuracy of the code.
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| The SEDOL code is used by financial institutions, regulators, and investors to identify and track securities for trading, settlement, and reporting purposes. It is an important tool for facilitating trading and ensuring transparency in financial markets. SEDOL codes are also used in conjunction with other security identification codes, such as ISINs, to provide additional information about securities traded on the London Stock Exchange.</ref>
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| |B8386G4
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| |Bloomberg
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| |LGTRTIA LN
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| |MEX
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| |LGRUSE
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| |}
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| === Dealing information ===
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| |Valuation frequency<ref>Valuation frequency refers to the frequency at which the value of an asset or a portfolio of assets is calculated and updated.
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| In finance and investment management, the value of assets such as stocks, bonds, mutual funds, real estate, and other investments may change frequently due to market fluctuations or changes in economic conditions. As a result, it's important to regularly assess the value of these assets in order to make informed investment decisions.
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| Valuation frequency can vary depending on the type of asset, the investment strategy, and the investment horizon. For example, the value of a stock can change frequently throughout the trading day, so investors may choose to track its value in real-time or at the end of each trading day. On the other hand, the value of a real estate property may be updated less frequently, such as annually or every few years.
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| In addition, the frequency of valuation can also depend on the level of detail required for valuation. For example, a portfolio of assets may be valued at a high level on a daily basis, while a more detailed valuation may be performed less frequently, such as monthly or quarterly.
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| Overall, the valuation frequency is an important factor in determining the accuracy of the value of an asset or portfolio and can impact investment decisions and overall portfolio performance.</ref>
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| |Daily, 12pm (UK time)
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| |Dealing frequency
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| |Daily
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| |Settlement period<ref>The settlement period is the amount of time it takes for a financial transaction to be completed and for the funds or assets to be transferred between two parties.
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| In financial markets, when a trade is executed, there is usually a delay between the time the trade is made and the time when the buyer receives the securities or the seller receives the payment. The settlement period is the time period during which the transaction is settled and the transfer of ownership is completed.
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| The length of the settlement period can vary depending on the type of transaction and the market involved. For example, in the stock market, the settlement period is usually two business days after the trade date (referred to as T+2 settlement). In the foreign exchange market, the settlement period can be as short as one day or as long as a week, depending on the currencies involved and the location of the parties involved in the transaction.
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| The settlement period is an important part of the financial transaction process as it ensures that both parties fulfill their obligations and that the transfer of funds or assets is completed successfully.</ref>
| | Codes |
| |T+4
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| |}
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| === Country registration ===
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| This share class is registered for sale in the following countries: UK.
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| == References and notes ==
| | Dealing information |
