Unit Trust (UCITS compliant)

Legal & General Future World ESG Developed Index Fund

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The extreme market uncertainty caused by COVID-19 meant that trading in the L&G UK Property Fund was suspended from 18th March 2020. The LGUTM Board has now decided that the exceptional circumstances which caused the Funds’ continued suspension no longer apply and we have reopened the fund on 13th October 2020.

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Fund facts

Fund size
£200.7m
Base currency
GBP
Launch date
12 Apr 2019
Domicile
UK
Share class launch

Statistics

Historical yield
1.5%

As at 30 Sep 2020

Fund aim

The objective of the Fund is to provide a combination of growth and income by tracking the performance of the Solactive L&G Enhanced ESG Developed Index (the “Benchmark Index”).

Benchmark

Solactive L&G Enhanced ESG Developed Index

  • What does it invest in? Invests in shares of companies from developed countries as represented by the Index, which is alternatively weighted to give greater weight to companies that score well against environmental, social and governance criteria. This means the Fund will invest more in companies that score well against these criteria, and less in companies that do not.
  • How does it invest? Passively managed, to replicate the performance of the Index. As part of the Future World* range, the fund incorporates our Climate Impact Pledge, a targeted engagement process, and may exclude companies if engagement proves unsuccessful.

Further details

Costs

Price basis
Full swing
Initial charge
0.00%
Ongoing charges figure
0.55%
Bid / Offer spread
0.12%

Codes

ISIN
GB00BYWQX040
SEDOL
BYWQX04
Bloomberg
LGFWPRA LN
MEX
LGVOA

Dealing information

Valuation frequencyDaily, 3pm (UK time)
Dealing frequencyDaily
Settlement periodT+4

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Sep 2020

    CumulativeFundBenchmark
    1 month-0.80-0.20
    6 months24.7924.87
    Year to date6.957.32
    3 years--
    5 years--
    Since launch19.4219.79
    AnnualisedFundBenchmark
    1 year8.749.11
    3 years--
    5 years--
    Since launch12.8213.06

    As at 30 Sep 2020

    CumulativeFundBenchmark
    Quarterly4.223.61
    Year to date6.957.32
    3 years--
    5 years--
    Since launch19.4219.79
    AnnualisedFundBenchmark
    1 year8.749.11
    3 years--
    5 years--
    Since launch12.8213.06
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 September 2016 2017 2018 2019 2020
    Fund----8.76
    Benchmark----9.14

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund-----
    Benchmark-----

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund8.74--12.82
    Benchmark9.11--13.06

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund8.74--12.82
    Benchmark9.11--13.06

    Performance for the C Acc unit class in GBP, launched on 15 June 2020. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the C Inc unit class in GBP, launched on 15 June 2020. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the I Acc unit class in GBP, launched on 12 April 2019. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the I Inc unit class in GBP, launched on 12 April 2019. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the L Acc unit class in GBP, launched on 12 April 2019. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the L Inc unit class in GBP, launched on 15 June 2020. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the R Acc unit class in GBP, launched on 12 April 2019. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the R Inc unit class in GBP, launched on 12 April 2019. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Portfolio

    As at 30 Sep 2020. 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.

    Currency (%)

    USD66.1
    EUR9.5
    JPY8.4
    GBP4.2
    CAD3.0
    CHF2.9
    AUD2.4
    SEK1.2
    HKD0.9
    Other1.5

    Sector (%)

    Communications & Tech33.9
    Consumer Non-cyclical24.3
    Consumer Cyclical12.4
    Banks (Equity)7.2
    Industrials5.8
    Financial Services (Equity)4.8
    Insurance (Equity)3.7
    Commodities2.6
    Utilities2.2
    Other3.2

    Market capitalisation (%)

    Large89.1
    Mid10.5
    Small0.4
    Undefined0.0
    Top 10 holdings21.7
    Rest of portfolio78.3
    No. of holdings in fund1,320
    No. of holdings in index1,467

    Top 10 holdings (%)

    Apple Inc5.9
    Microsoft Corp5.4
    Amazon.Com Inc2.8
    Visa Inc Class A1.5
    Nvidia Corp1.2
    Mastercard1.2
    Facebook1.1
    JPMorgan Chase & Co0.9
    Unitedhealth Group Inc0.9
    Home Depot Inc0.9

    Country (%)

    United States63.7
    Japan8.4
    United Kingdom4.2
    Switzerland3.1
    Germany3.0
    Canada3.0
    France2.6
    Australia2.4
    Netherlands1.9
    Other7.8

    Management Team

    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.

    LGIMIndex Fund Management Team

    Prices

    Name
    C GBP Acc
    Bid price
    52.29p
    Offer price
    52.29p
    Absolute change
    -0.0105
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Inc
    Bid price
    52.08p
    Offer price
    52.08p
    Absolute change
    -0.0104
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    I GBP Acc
    Bid price
    57.39p
    Offer price
    57.39p
    Absolute change
    -0.0115
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    I GBP Inc
    Bid price
    55.90p
    Offer price
    55.90p
    Absolute change
    -0.0112
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    L GBP Acc
    Bid price
    57.49p
    Offer price
    57.49p
    Absolute change
    -0.0115
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    L GBP Inc
    Bid price
    52.03p
    Offer price
    52.03p
    Absolute change
    -0.0104
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    R GBP Acc
    Bid price
    57.12p
    Offer price
    57.12p
    Absolute change
    -0.0114
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    R GBP Inc
    Bid price
    55.88p
    Offer price
    55.88p
    Absolute change
    -0.0112
    Currency
    GBP
    Price time
    15:00 UK time

    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 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.

    Where companies in the Index are excluded from the fund as a result of the Climate Impact Pledge, this may affect the ability of the manager to closely track the performance of the Index.

    Index disclaimer

    The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Solactive Index is powered by Thomson Reuters Information.

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