L&G (N) Tracker Trust - Revision history

95.149.241.163: /* Further details */

2023-02-26T10:57:23Z

Further details

@@ Line 21: / Line 21: @@
 === Statistics ===
-Historical yield: 3.4% (as at 31 Dec 2022).
+Historical yield: 3.4% (as at 31st December 2022).
 === Fund aim ===
@@ Line 334: / Line 334: @@
 |+
 |Price basis
-|Single swing
+|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.
 |-
 |Initial charge
@@ Line 342: / Line 344: @@
 |0.16%
 |-
-|Dilution adjustment
+|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.
 |0.72%- round trip
 |}
 '''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’.
@@ Line 349: / Line 359: @@
 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.
-Codes
+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>
-Dealing information
+== References and notes ==

95.149.241.163: Created page with "== Overview == === Fund facts === {| class="wikitable" |+ !Fund size !£1,392.6m |- |Launch date |1 Oct 1999 |- |Share class launch |31 Oct 2012 |- |Base currency |GBP |- |Domicile |UK |} === Statistics === Historical yield: 3.4% (as at 31 Dec 2022). === Fund aim === The objective of the Fund is to track the performance of the FTSE All-Share Index, the "Benchmark Index" on a net total return basis before fees and expenses are applied. Fund performance may differ from..."

2023-02-26T10:05:00Z

Created page with "== Overview == === Fund facts === {| class="wikitable" |+ !Fund size !£1,392.6m |- |Launch date |1 Oct 1999 |- |Share class launch |31 Oct 2012 |- |Base currency |GBP |- |Domicile |UK |} === Statistics === Historical yield: 3.4% (as at 31 Dec 2022). === Fund aim === The objective of the Fund is to track the performance of the FTSE All-Share Index, the "Benchmark Index" on a net total return basis before fees and expenses are applied. Fund performance may differ from..."

New page

== Overview ==

=== Fund facts ===
{| class="wikitable"
|+
!Fund size
!£1,392.6m
|-
|Launch date
|1 Oct 1999
|-
|Share class launch
|31 Oct 2012
|-
|Base currency
|GBP
|-
|Domicile
|UK
|}

=== Statistics ===
Historical yield: 3.4% (as at 31 Dec 2022).

=== Fund aim ===
The objective of the Fund is to track the performance of the FTSE All-Share Index, the "Benchmark Index" on a net total return basis before fees and expenses are applied. Fund performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.

=== Benchmark ===
FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

=== Fund snapshot ===

* '''What does it invest in?''' Invests in shares of companies listed on the London Stock Exchange, as represented by the Index.
* '''How does it invest?''' Passively managed, aiming to replicate the performance of the Index.

= Performance =
Source: Lipper

Performance for the I Acc unit class in GBP, launched on 31 October 2012. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

'''Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.'''

=== Performance summary (%) ===
{| class="wikitable"
|+To month-end (as at 31 Dec 2022)
!Cumulative
!Fund
!Benchmark
!Relative
|-
|Dec 2022
| -1.14
| -1.14
|0.00
|-
|6 months
|5.27
|5.37
| -0.10
|-
|Year to date
|0.71
|0.74
| -0.03
|-
|3 years
|7.34
|7.35
| -0.01
|-
|5 years
|16.05
|16.45
| -0.40
|}
{| class="wikitable"
|+
!Annualised
!Fund
!Benchmark
!Relative
|-
|1 year
|0.71
|0.74
| -0.03
|-
|3 years
|2.39
|2.39
|0.00
|-
|5 years
|3.02
|3.09
| -0.07
|}
Benchmark: FTSE Cus All-Share Mid (12:00 UK) Net (UK UCIT) TR

Share class launch date: 31 Oct 2012.

== Portfolio ==
As at 31 Dec 2022. 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. 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.
{| class="wikitable"
|+Sector (%)
|Financials
|22.3
|-
|Consumer Staples
|16.0
|-
|Health Care
|11.6
|-
|Energy
|11.2
|-
|Industrials
|10.8
|-
|Consumer Discretionary
|10.4
|-
|Basic Materials
|8.9
|-
|Utilities
|3.5
|-
|Real Estate
|2.5
|-
|Other
|2.8
|}
{| class="wikitable"
|+Market capitalisation (%)
|Large
|69.3
|-
|Mid
|19.8
|-
|Small
|11.0
|-
|Undefined
| -
|}
{| class="wikitable"
|+
|Top 10 issuers
|42.3%
|-
|Rest of portfolio
|57.7%
|-
|Number of holdings in fund
|589
|-
|Number of holdings in index
|585
|}
{| class="wikitable"
|+Top 10 issuers (%)
|AstraZeneca
|7.2
|-
|Shell
|7.2
|-
|Unilever
|4.6
|-
|HSBC Holdings
|4.5
|-
|BP
|3.7
|-
|Diageo
|3.6
|-
|British American Tobacco
|3.2
|-
|Glencore
|3.1
|-
|Rio Tinto
|2.7
|-
|GSK
|2.5
|}
{| class="wikitable"
|+Country (%)
|United Kingdom
|100.0
|}

== Manager ==
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 ==
{| class="wikitable"
|+
!Document type
!Publication date
!Link
|-
|Fact sheet
|31 Jan 2023
|https://fundcentres.lgim.com/srp/lit/NyWAMj/Fact-sheet_LG-N-Tracker-Trust_31-01-2023_UK-INST_UK-ADV_UK-PRIV.pdf
|-
|Key Investor Information Document (KIID)<ref>KIID stands for Key Investor Information Document. It is a document that provides essential information about investment products such as mutual funds, exchange-traded funds (ETFs), and other collective investment schemes, in a standardized format across the European Union (EU).

The KIID is intended to help investors make informed decisions about the investment products they are considering, by providing information on the investment's objectives, risks, performance, and costs.

The KIID must be provided to investors before they invest in an investment product and must be updated regularly to reflect any material changes to the investment product. The document must also be made available on the investment product's website.

The KIID is part of the regulatory framework established by the EU's Undertakings for Collective Investment in Transferable Securities (UCITS) Directive, which sets out rules for collective investment schemes that are marketed to retail investors in the EU. The KIID is also used for non-UCITS funds marketed to retail investors in the EU.</ref>
|17 Feb 2023
|https://fundcentres.lgim.com/srp/lit/70LRne/KIID_LG-N-Tracker-Trust-I-Acc-GBP_17-02-2023_Multi-Audience.pdf
|-
|Prospectus
|30 Dec 2022
|https://fundcentres.lgim.com/srp/lit/NjobbL/Prospectus_Index_30-12-2022_UK-INST_UK-ADV_UK-PRIV.pdf
|-
|Value assessment
|30 Apr 2022
|https://fundcentres.lgim.com/srp/lit/XG9elw/Assessment-of-value_Unit-Trusts_30-04-2022_Multi-Audience.pdf
|}

== Income ==

=== Latest dividends ===
The latest dividends are shown below. The historic level of income generated by this fund may go down as well up and will vary over time.
{| class="wikitable"
|+
!Type
!Ex-div date
!Pay date
!Dividend per unit
|-
|Final
|03 Oct 22
|30 Nov 22
|5.34p
|-
|Interim
|01 Apr 22
|31 May 22
|3.92p
|-
|Final
|01 Oct 21
|30 Nov 21
|4.92p
|-
|Interim
|01 Apr 21
|31 May 21
|3.37p
|-
|Final
|01 Oct 20
|30 Nov 20
|3.06p
|-
|Interim
|01 Apr 20
|31 May 20
|3.60p
|-
|Final
|01 Oct 19
|29 Nov 19
|5.65p
|-
|Interim
|01 Apr 19
|31 May 19
|4.14p
|-
|Final
|01 Oct 18
|30 Nov 18
|4.98p
|-
|Interim
|03 Apr 18
|31 May 18
|3.53p
|-
|Final
|02 Oct 17
|30 Nov 17
|4.43p
|-
|Interim
|03 Apr 17
|31 May 17
|3.46p
|-
|Final
|03 Oct 16
|30 Nov 16
|3.85p
|-
|Interim
|01 Apr 16
|31 May 16
|3.04p
|}

== Prices ==
{| class="wikitable"
|+
!Date
!Price
!Currency
!Price time
|-
|24 February 2023
|284.80p
|GBP
|12:00 UK time
|}

== Further details ==
Costs
{| class="wikitable"
|+
|Price basis
|Single swing
|-
|Initial charge
|0.00%
|-
|Ongoing charges figure
|0.16%
|-
|Dilution adjustment
|0.72%- round trip
|}
'''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’.

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.

Codes

Dealing information