Fund factsEdit
| Fund size | £2,224.8m |
| Base currency | GBP |
| Launch date | 21 Aug 2013 |
| Domicile | UK |
| Share class launch | 21 Aug 2013 |
StatisticsEdit
Historical yield: 2.0% (as at 31st Jan. 2023).
Fund aimEdit
The Fund’s objective is to provide a combination of growth and income and to keep the Fund within a pre-determined risk profile. The Fund’s potential gains and losses are likely to be limited by the objective to stay within its particular risk profile.
Fund snapshotEdit
- What does it invest in? Invests in a risk-profile targeted range of index tracker funds and individual investments including property. Typically has higher exposure to bonds than to company shares, relative to other funds in the Multi-Index Fund range with a lower risk profile.
- How does it invest? Actively managed to stay within DT's risk profile 5, based on the historic performance of different asset types. The fund is part of a range of risk profiled funds which are rated on a scale of 1 (least risky) to 10 (most risky).
Who is this fund for?Edit
- This fund is primarily designed for investors: who have received advice and had their attitude to risk assessed and matched to the risk profile of this fund but may be appropriate for those investors who have considered the risk profile of this fund with the others in the Multi-Index range; who are looking for growth and income from an investment in bonds, shares in companies, money market instruments, deposits, cash and indirectly to alternative asset classes (such as commodities) and property.
- Although investors can take their money out at any time, this fund may not be appropriate for those who plan to withdraw their money within five years.
- This fund is not designed for investors who cannot afford more than a minimal loss of their investment.
Reference indicesEdit
Reference equity index: FTSE All World Net Tax TR GBP.
Reference bond index: Bloomberg Global Aggregate GBP Hedged Index.
Risk profileEdit
The fund is part of a range of risk targeted funds. The risk profile ranges from 1-10 with 1 being the least risky, and 10 being the most. The fund targets risk profile 5. The level of risk in the fund is managed by restricting the types and proportions of the assets it holds.
We have selected Distribution Technology (‘DT’) as our current risk profiler. They are an independent agency who provide risk profiling tools to advisers and fund managers. The Risk and Reward profile scale below (i.e. the synthetic risk and reward indicator) is calculated differently to the DT risk profiles.
The synthetic risk and reward indicator (SRRI) is based on the historic volatility of the fund’s value and it may change in the future. The fund is in category 4 because the mix of different asset types in which the fund invests has a balancing effect on the rate at which the fund share price moves up and down.
Key risksEdit
- 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.
- 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.
- By investing in other funds this fund indirectly holds bonds and property that are traded through agents, brokers or investment banks or directly between buyers and sellers. This makes them less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell its holdings in other funds 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 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 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.
PerformanceEdit
Source: Lipper
Performance for the I Acc unit class in GBP, launched on 21 August 2013. 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 (%)Edit
As at 31 Jan 2023
| Cumulative | Fund |
| Jan 2023 | 3.24 |
| 6 months | -0.20 |
| Year to date | 3.24 |
| 3 years | 8.55 |
| 5 years | 20.10 |
| Annualised | Fund |
| 1 year | -2.84 |
| 3 years | 2.77 |
| 5 years | 3.73 |
Share class launch date: 21 Aug 2013
Rolling 12-month performance to last quarter end (%)Edit
| 12 months to 31 December | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 8.12 | 3.36 | 14.44 | 8.68 | -4.35 | 15.17 | 5.92 | 9.29 | -9.07 |
PortfolioEdit
As at 31 Jan 2023. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Asset allocation (%)Edit
| Equities | 52.3 |
| Government Bonds | 17.0 |
| Credit and Emerging Market Debt | 21.0 |
| Alternatives | 8.8 |
| Cash | 1.0 |
Equities (%)Edit
| North America Equity | 13.8 |
| UK Equity | 11.8 |
| Europe ex UK Equity | 7.8 |
| Japan Equity | 6.5 |
| Emerging Market Equity | 5.0 |
| Asia Pacific ex Japan Equity | 4.0 |
| Small-cap Equity | 2.0 |
| Frontier Market Equity | 1.5 |
Government bonds (%)Edit
| Developed Market Government Bonds (ex UK) | 10.5 |
| Gilts | 4.0 |
| Global Inflation-Linked Bonds | 2.0 |
| Inflation-Linked Gilts | 0.5 |
Credit and emerging market debt (%)Edit
| Global Corporate Bonds | 6.0 |
| UK Corporate Bonds | 5.0 |
| Emerging Market Bonds (Hard Currency) | 4.0 |
| Global High Yield | 2.5 |
| Emerging Market Bonds (Local) | 2.5 |
| UK Short Duration Corporate Bonds | 1.0 |
Alternatives (%)Edit
| Real Estate Investment Trusts | 2.8 |
| UK Property | 2.0 |
| Listed Infrastructure | 1.0 |
| Commodities | 1.0 |
| Forestry | 1.0 |
| Alternatives Thematic | 1.0 |
| Top 10 holdings | 61.0 |
| Rest of portfolio | 39.0 |
Top 10 holdings (%)Edit
| L&G US Index Trust | 13.0 |
| L&G UK Index Trust | 10.3 |
| L&G European Index Trust | 7.8 |
| L&G Japan Index Trust | 6.5 |
| L&G Sterling Corporate Bond Index Fund | 5.0 |
| L&G Global Emerging Markets Index Fund | 5.0 |
| L&G Pacific Index Trust | 4.0 |
| L&G Emerging Markets Government Bond (US$) Index Fund | 3.5 |
| L&G Euro High Alpha Corporate Bond Fund | 3.0 |
| LGIM Global Corporate Bond Fund | 3.0 |
Fund ManagersEdit
Justin Onuekwusiis a fund manager in Multi-Asset Funds team, focusing on the management of the team's retail and risk-profiled multi-asset funds. Justin joined LGIM in 2013 from Aviva Investors' multi-asset team.
Andrzej Pioch is a Fund Manager in the Multi-Asset Funds team with responsibilities covering the portfolio management and ongoing development of both institutional and retail multi-asset funds. Prior to joining LGIM in July 2014, he was a Fund Manager at Aviva Investors.
Francis Chua is a fund manager in the Multi-Asset Funds team and assists in the management of the multi-index funds. Francis joined LGIM in October 2016 from Aviva where he was a senior investment analyst.
IncomeEdit
Latest dividendsEdit
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.
| Type | Ex-div date | Pay date | Dividend per unit |
|---|---|---|---|
| Final | 16 Aug 22 | 15 Oct 22 | 1.00p |
| Interim | 16 Feb 22 | 15 Apr 22 | 0.66p |
| Final | 16 Aug 21 | 15 Oct 21 | 0.80p |
| Interim | 16 Feb 21 | 15 Apr 21 | 0.57p |
| Final | 17 Aug 20 | 15 Oct 20 | 0.88p |
| Interim | 17 Feb 20 | 15 Apr 20 | 0.69p |
| Final | 16 Aug 19 | 15 Oct 19 | 0.84p |
| Interim | 18 Feb 19 | 15 Apr 19 | 0.66p |
| Final | 16 Aug 18 | 15 Oct 18 | 0.81p |
| Interim | 16 Feb 18 | 13 Apr 18 | 0.69p |
| Final | 16 Aug 17 | 13 Oct 17 | 0.82p |
| Interim | 16 Feb 17 | 13 Apr 17 | 0.70p |
| Final | 16 Aug 16 | 15 Oct 16 | 0.19p |
| Interim | 16 Jun 16 | 15 Aug 16 | 0.56p |
PricesEdit
| Price | 85.98p |
| Currency | GBP |
| Price time | 15:00 UK time |
A single swing price is displayed from 1st December 2020. Prior to this date, Bid and Offer prices are displayed for those funds that were previously dual priced.
Further detailsEdit
CostsEdit
| Price basis | Single swing |
| Initial charge | 0.00% |
| Ongoing charges figure | 0.31% |
| Dilution adjustment | 0.06%- round trip |
CodesEdit
| ISIN | GB00B8VZ3F59 |
| SEDOL | B8VZ3F5 |
| Bloomberg | LGMI5IA LN |
| MEX | LGANET |
Dealing informationEdit
| Valuation frequency | Daily, 3pm (UK time) |
| Dealing frequency | Daily |
| Settlement period | T+4 |
Country registrationEdit
This share class is registered for sale in the following countries: UK.