In March 2023 we were advised by L&G of minor changes to the objectives of the underlying assets held by the below funds. Unfortunately during the process of updating our systems an error was made and an incorrect objective was updated. We have now corrected the objective and that will be reflected in the fund factsheet and annual statements.
The objective of the fund is to invest in the L&G UK Smaller Companies Trust. The underlying fund aims to outperform the Numis Smaller Companies Index excluding (Investment Companies) (the benchmark) after the deduction of all fees and charges.
The fund is permitted to hold a maximum of 0.5% of its exposure to net cash (including LGIM Liquidity Funds and accruals) and a minimum of 99.5% to the L&G UK Smaller Companies Trust.
The aim of the Fund is to provide capital growth, that is to increase the value of your investment over a minimum of 5 years. The Fund also aims to outperform the FTSE All-Share Index over any 5 year period after charges. There is no certainty that either aim of the fund will be achieved.
The Fund is actively managed which means the Investment Manager decides which investments to buy or sell, and when.
This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund.
The aim of the Fund is to provide capital growth, that is to increase the value of your investment, over a minimum of 5 years, however there is no certainty this will be achieved.
The Fund is actively managed which means the Investment Manager decides which investments to buy or sell, and when.
This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund.
The aim of the Fund is to provide income, that is, money paid out of investments such as dividends and interest, as well as deliver capital growth, that is to increase the value of your investment over a minimum of 5 years. The Fund also aims to deliver a yield, that is the percentage of income returned on an investment, greater than the yield of the FTSE All Share Index, over any 3-year period, after any charges have been taken out of the Fund.
There is no certainty that either aim of the Fund will be achieved. The Fund is actively managed which means the Investment Manager decides which investments to buy or sell, and when.
This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund.
New Investment Objective:
The Fund aims to provide income and capital growth in excess of the FTSE EPRA NAREIT Developed GBP (Net Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of real estate companies worldwide. This cannot be guaranteed and your capital is at risk.
New Investment Objective:
The Fund aims to provide income and capital growth in excess of the FTSE EPRA NAREIT Developed GBP (Net Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of real estate companies worldwide. This cannot be guaranteed and your capital is at risk. This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund.
New Investment Objective:
The Fund aims to provide income and capital growth in excess of the FTSE EPRA NAREIT Developed GBP (Net Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of real estate companies worldwide. This cannot be guaranteed and your capital is at risk. This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund.
New Investment Objective:
The Fund aims to provide income and capital growth in excess of the FTSE EPRA NAREIT Developed GBP (Net Total Return) index (after fees have been deducted) over a three to five year period by investing in equity and equity related securities of real estate companies worldwide. This cannot be guaranteed and your capital is at risk.
The Fund aims to provide an income higher than the income generated by the composite index over rolling 3-year periods and a total return higher than the index over the long term (5 years or more), after the deduction of charges. The composite index currently comprises:
▪ 15% FTSE All-Share Index;
▪ 30% MSCI ACWI ex UK Index;
▪ 35% Bloomberg Global Agg x Treasury (GBP Hedged) Index;
▪ 10% ICE BofA Global High Yield Constrained (GBP Hedged) Index; and
▪ 10% Sterling Overnight Index Average (SONIA).
The Fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares, fixed interest securities and alternative income producing investments, for the purposes of achieving income for distribution.
The Fund aims to provide a combination of capital growth and income over the long term (5 years or more). It looks to outperform a composite index over rolling 5-year periods, after the deduction of charges. This composite index currently comprises:
▪ 15% FTSE All-Share Index;
▪ 30% MSCI ACWI ex UK Index;
▪ 45% Bloomberg Global Agg x Treasury (GBP Hedged) Index; and
▪ 10% Sterling Overnight Index Average (SONIA).
The Fund is actively managed and invests at least 80% in a range of collective investment schemes and closed ended funds in order to gain exposure to a diversified portfolio of shares and fixed interest securities. Exposure to shares is expected to be in the region of 20-60%.
