L&G Emerging Markets Equity ESG Future Core Fund
ICAV (UCITS compliant)
L&G Emerging Markets Equity ESG Future Core Fund
Z-Class USD Accumulation
ISINIE00BK8V1787
Price
ISINIE00BK8V1787
Price
Fund aim
The investment objective of the Fund is to provide investors with a return in line with the performance of the Solactive L&G Emerging Markets Future Core ESG (ex Fossil Fuel) Index (the “Index”).
Fund snapshot
- What does it invest in? Invests in shares of companies from emerging markets 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. The ESG score is aligned to our engagement and voting activities.
- How does it invest? Passively managed, to replicate the performance of the Index. The index also only incorporates companies that do not have excessive exposure or involvement in nuclear power generation, assault weapons, United Nations Global Compact violation, controversial weapons, tobacco production and retailing, recreational cannabis, gambling and fossil fuels.
- Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics which are met by tracking the Index. Further information on how such characteristics are met by the Fund can be found in the Fund Supplement.
Fund facts
| Fund size | $191.5m |
| Base currency | USD |
| Fund launch date | 23 Nov 2020 |
| Domicile | Ireland |
| Share class launch | 23 Nov 2020 |
Benchmark
Solactive L&G Emerging Markets Future Core ESG (ex Fossil-Fuel) Index
Costs
| Initial charge | 0.00% |
| Ongoing charges figure | 0.09% |
| Dilution levy | 0.35% - round trip |
| Entry anti-dilution levy | 0.12% |
| Exit anti-dilution levy | 0.23% |
Performance
Performance scenarios
Example investment:10,000 USD
| Scenarios | 1 year | (Recommended holding period) 5 years | |
|---|---|---|---|
| Minimum | There is no minimum guaranteed return. You could lose some or all of your investment. | ||
| Stress scenario | What you might get back after costs | 630USD | 3,910USD |
| Average return each year (%) | -93.74 | -17.14 | |
| Unfavourable scenario | What you might get back after costs | 7,020USD | 7,250USD |
| Average return each year (%) | -29.78 | -6.24 | |
| Moderate scenario | What you might get back after costs | 10,610USD | 16,030USD |
| Average return each year (%) | 6.13 | 9.90 | |
| Favourable scenario | What you might get back after costs | 13,630USD | 24,340USD |
| Average return each year (%) | 36.30 | 19.47 | |
There is no minimum guaranteed return. You could lose some or all of your investment.
Portfolio breakdown
As at 31 Jan 2024
| Top 10 holdings | 25.1% |
|---|---|
| Rest of portfolio | 74.9% |
| No. of holdings in fund | 1,352 |
|---|---|
| No. of holdings in index | 1,789 |
Top 10 holdings (%)
| Taiwan Semiconductor Manufacturing Co | 9.5 |
| Tencent Holdings | 3.9 |
| Samsung Electronics Co | 2.6 |
| Alibaba Group Holding | 2.6 |
| Icici Bank | 1.3 |
| Infosys | 1.3 |
| Infosys Adr | 1.1 |
| SK Hynix | 1.1 |
| PDD Holdings ADR | 0.9 |
| Naspers | 0.8 |
Sector (%)
Technology | 37.1 |
Finance | 28.9 |
Industrials | 9.0 |
Consumer Services | 8.4 |
Consumer Non-Durables | 4.8 |
Healthcare | 4.2 |
Consumer Durables | 3.4 |
Basic Materials | 2.2 |
Utilities | 1.9 |
Energy | 0.1 |
| Top 10 holdings | 25.1% |
|---|---|
| Rest of portfolio | 74.9% |
| No. of holdings in fund | 1,352 |
|---|---|
| No. of holdings in index | 1,789 |
Top 10 holdings (%)
| Taiwan Semiconductor Manufacturing Co | 9.5 |
| Tencent Holdings | 3.9 |
| Samsung Electronics Co | 2.6 |
| Alibaba Group Holding | 2.6 |
| Icici Bank | 1.3 |
| Infosys | 1.3 |
| Infosys Adr | 1.1 |
| SK Hynix | 1.1 |
| PDD Holdings ADR | 0.9 |
| Naspers | 0.8 |
Sector (%)
Technology | 37.1 |
Finance | 28.9 |
Industrials | 9.0 |
Consumer Services | 8.4 |
Consumer Non-Durables | 4.8 |
Healthcare | 4.2 |
Consumer Durables | 3.4 |
Basic Materials | 2.2 |
Utilities | 1.9 |
Energy | 0.1 |
Market capitalisation (%)
Large | 79.5 |
Mid | 17.2 |
Small | 3.3 |
Undefined | - |
Country (%)
Taiwan | 21.6 |
India | 17.2 |
Cayman Islands | 14.4 |
Korea | 11.0 |
China | 7.7 |
Brazil | 4.2 |
South Africa | 4.0 |
Mexico | 3.3 |
United Arab Emirates | 2.5 |
Other | 14.1 |
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.
Fund managers
LGIM Index Fund 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.
Sustainability
SFDR categorisation
Article 8
Environmental characteristics
Social characteristicsThe Fund promotes the above-mentioned characteristics by tracking the Solactive L&G Emerging Markets Future Core ESG (ex Fossil Fuel) Index (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and social characteristics promoted by the Fund. Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
Environmental characteristicsSocial characteristicsThe Fund promotes the above-mentioned characteristics by tracking the Solactive L&G Emerging Markets Future Core ESG (ex Fossil Fuel) Index (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and social characteristics promoted by the Fund. Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
Through tracking the Index, the Fund seeks to implement LGIM’s “Responsible Investment Framework” which aims to provide a consistent and systematic approach to exclusions, refined criteria and thresholds for setting environmental and social characteristics with a defined terminology and approach to support the implementation of such characteristics across the financial products managed by LGIM.
The Responsible Investment Framework sets out the various types of investment strategies that LGIM’s financial products can follow and the responsible investing methodologies that explain how such investment strategies are defined and implemented.
By tracking the Index, the Fund follows the sustainability-related investment strategy as described below:
LGIM ESG Score
LGIM’s Future World Protection List
Additional ExclusionsTaxonomySustainable Investments
Principal Adverse ImpactsLiterature
Document type
Prices
Pricing information
| Price basis | Single - dilution levy |
| Price time | 22:30 Irish time |
| Currency | USD |
Codes and dealing
Codes
| ISIN | IE00BK8V1787 |
| SEDOL | BK8V178 |
| Bloomberg | LGFCZUA ID |
| MEX | LGAAWV |
Dealing information
| Valuation frequency | Daily, 22:30 Irish time |
| Dealing frequency | Each Irish and UK Business Day |
| Settlement period | T+2 |
| Administrator/Custodian | Northern Trust |
Country registration
This share class is registered for sale in the following countries:
