LEGAL & GENERAL PENSION MANAGED FUND
2
A mixed fund Adviser factsheet - not approved for retail customers LEGAL & GENERAL PENSION MANAGED FUND 31 JULY 2018 PERFORMANCE AS AT 31 JULY 2018 CUMULATIVE(%) Fund ABI sector: ABI UK - Mixed Investment 40%-85% Shares-Pen 1 month 6 months 1 year 3 years 5 years Fund 1.55 2.36 5.93 27.51 42.20 ABI sector 1.48 1.87 5.32 25.21 40.07 Quartile 2 2 2 2 2 DISCRETE YEARS (%) 12 months to 30 Jun 14 30 Jun 15 30 Jun 16 30 Jun 17 30 Jun 18 Fund 9.22 5.47 3.57 16.13 5.23 ABI sector 8.68 6.58 2.08 16.35 4.53 Quartile 2 3 2 3 2 Past performance is not a guide to future performance. Performance data source: Lipper, bid to bid basis with net income reinvested using indicative net (inet) prices, 0.90% for internal funds and up to 2.00% for external funds, which include the average annual management charge applied across this generation of units. STATISTICAL ANALYSIS 1 year 3 years 5 years Alpha 0.15 0.20 0.15 Beta 0.94 0.88 0.91 Annualised volatility (fund) 5.69 6.43 6.23 Sharpe ratio 0.31 0.38 0.35 Information ratio 0.50 0.26 0.23 R-squared 0.98 0.95 0.95 Please note: The Alpha, Beta, Information ratio and R-squared values are calculated relative to the fund's ABI sector average. TOP 10 HOLDINGS AS AT 31 JULY 2018 Legal & General Linked Pension Property Fund 1.64% BP 1.41% HSBC Holdings PLC (UK Reg) 1.22% Diageo 1.04% Royal Dutch Shell B 0.99% Prudential 0.98% British American Tobacco 0.87% PROPERTY TRUST VALUE ONLY 0.82% Lloyds Banking Group 0.73% Novo Nordisk A/S B 0.67% Percentage of fund in top 10 10.37% FUND OVERVIEW FUND AIM To seek steady long-term growth, whilst at the same time safeguarding the fund against excessive risks. It invests mainly in UK and international shares, but also has some exposure to fixed interest securities, UK commercial property and cash, thereby offering a more diversified investment than a pure equity fund. FUND MANAGEMENT COMPANY Legal & General Legal & General Investment Management (LGIM) is one of Europe’s largest institutional asset managers and a major global investor. Throughout the past 40 years they have built their business through understanding what matters most to their clients and transforming this insight into valuable, accessible investment products and solutions. They provide investment expertise across a full spectrum of asset classes including equities, fixed income, commercial property and cash. FUND MANAGER Kevin Chessum Kevin Chessum is an Associate Director of LGIM, responsible for managing asset allocation positions across a broad set of diversified funds. He joined LGIM in November 1982 from Warwick University, and initially analysed individual companies and sectors within the UK Equity market. He progressed to become a UK Equity fund manager and then, early in 2002, onto managing asset allocation portfolios. He is currently responsible for managing a set of portfolios that invest in a wide range of asset classes including UK and overseas equities, fixed interest, and cash.
Transcript of LEGAL & GENERAL PENSION MANAGED FUND
A mixed fund Adviser factsheet - not approved for retail customers
LEGAL & GENERAL PENSION MANAGED FUND 31 JULY 2018
PERFORMANCE AS AT 31 JULY 2018
CUMULATIVE(%)
Fund ABI sector: ABI UK - Mixed Investment 40%-85% Shares-Pen
1 month 6 months 1 year 3 years 5 years Fund 1.55 2.36 5.93 27.51 42.20
ABI sector 1.48 1.87 5.32 25.21 40.07
Quartile 2 2 2 2 2
DISCRETE YEARS (%)
12 months to 30 Jun 14 30 Jun 15 30 Jun 16 30 Jun 17 30 Jun 18 Fund 9.22 5.47 3.57 16.13 5.23
ABI sector 8.68 6.58 2.08 16.35 4.53 Quartile 2 3 2 3 2
Past performance is not a guide to future performance. Performance data source: Lipper, bid to bid basis with net income reinvested using indicative net (inet) prices, 0.90% for internal funds and up to 2.00% for external funds, which include the average annual management charge applied across this generation of units.
STATISTICAL ANALYSIS
1 year 3 years 5 yearsAlpha 0.15 0.20 0.15Beta 0.94 0.88 0.91
Annualised volatility (fund) 5.69 6.43 6.23
Sharpe ratio 0.31 0.38 0.35
Information ratio 0.50 0.26 0.23R-squared 0.98 0.95 0.95
Please note: The Alpha, Beta, Information ratio and R-squared values are calculated relative to the fund's ABI sector average.
TOP 10 HOLDINGS AS AT 31 JULY 2018
Legal & General Linked Pension Property Fund 1.64%
BP 1.41%
HSBC Holdings PLC (UK Reg) 1.22% Diageo 1.04%
Royal Dutch Shell B 0.99%
Prudential 0.98%
British American Tobacco 0.87% PROPERTY TRUST VALUE ONLY 0.82%
Lloyds Banking Group 0.73%
Novo Nordisk A/S B 0.67%
Percentage of fund in top 10 10.37%
FUND OVERVIEW
FUND AIMTo seek steady long-term growth, whilst at the same time safeguarding the fund against excessive risks. It invests mainly in UK and international shares, but also has some exposure to fixed interest securities, UK commercial property and cash, thereby offering a more diversified investment than a pure equity fund.
FUND MANAGEMENT COMPANY
Legal & GeneralLegal & General Investment Management (LGIM) is one of Europe’s largest institutional asset managers and a major global investor. Throughout the past 40 years they have built their business through understanding what matters most to their clients and transforming this insight into valuable, accessible investment products and solutions. They provide investment expertise across a full spectrum of asset classes including equities, fixed income, commercial property and cash.
FUND MANAGER
Kevin Chessum Kevin Chessum is an Associate Director of LGIM, responsible for managing asset allocation positions across a broad set of diversified funds. He joined LGIM in November 1982 from Warwick University, and initially analysed individual companies
and sectors within the UK Equity market. He progressed to become a UK Equity fund manager and then, early in 2002, onto managing asset allocation portfolios. He is currently responsible for managing a set of portfolios that invest in a wide range of asset classes including UK and overseas equities, fixed interest, and cash.
A mixed fund Adviser factsheet - not approved for retail customers
LEGAL & GENERAL PENSION MANAGED FUND 31 JULY 2018
International equities 38.93%
UK equities 27.55%
International bonds 14.54%
Property 5.22%
UK corporate bonds 5.08%
Cash and equivalents 3.43%
UK gilts 3.39%
Investment Trusts 0.68%
Managed funds 0.10%
Alternative trading strategies
0.01%
Other 1.07%
UK 36.03%
Developed Europe - excl UK
20.90%
North America 16.74%
Japan 4.78%
Emerging Asia 3.30%
South and Central America
2.37%
Emerging Europe 2.01%
Developed Asia 1.45%
Australia and New Zealand
1.03%
Middle East and Africa 0.59%
Managed funds 0.10%
Unclassified - Property 5.22%
Unclassified - Other 2.05%
Unclassified - Cash and Equivalents
3.43%
United Kingdom 36.03%
United States 16.49%
Unclassified - Property 5.22%
Japan 4.78%
Germany 3.89%
France 3.76%
Switzerland 1.99%
Netherlands 1.98%
Spain 1.93%
Ireland 1.80%
Denmark 1.70%
Unclassified - Other 2.05%
Unclassified - Cash and Equivalents
3.43%
Other 14.95%
Financials 17.85%
Industrials 11.04%
Government 9.82%
Consumer goods 9.59%
Consumer services 7.18%
Investment grade corporate bonds
6.53%
Health care 6.49%
Technology 5.61%
Oil & gas 5.51%
Basic materials 3.46%
Utilities 2.09%
Telecommunications 1.79%
High yield corporate bond 1.72%
Other 11.32%
> £50BN 21.80%
> £20BN and < £50BN 13.14%
> £10BN and < £20BN 8.80%
> £5BN and < £10BN 8.26%
> £3BN and < £5BN 4.98%
> £1BN and < £3BN 4.55%
> £250M and < £1BN 2.22%
> £50M and < £250M 1.31%
< £50M 0.55%
Unknown market capital 7.95%
Cash and equivalents 3.43%
Portfolio debt 23.01%
MATURITY BREAKDOWN
< 5YR MATURITY 8.72%
5YR - 10YR MATURITY
7.31%
10YR - 15YR MATURITY
2.02%
> 15YR MATURITY 4.96%
CASH AND EQUIVALENTS
3.43%
NON BOND INVESTMENTS
72.72%
UNKNOWN 0.84%
CREDIT RATINGS (source: Bloomberg)
AAA 1.32%
AA 3.82%
A 3.34%
BBB 5.43%
BB 1.69%
B 0.99%
CCC 0.43%
NOT RATED 5.99%
CASH AND EQUIVALENTS
3.43%
NON BOND INVESTMENTS
73.56%
PORTFOLIO DETAILS AS AT 31 JULY 2018
ASSET ALLOCATION
REGIONS BREAKDOWN
COUNTRY BREAKDOWN
EQUITIES & BONDS SECTOR BREAKDOWN
EQUITIES MARKET CAPITALISATION
To find out more please contact your usual Legal & General representative. We update this factsheet every month. You can find the latest version at www.legalandgeneral.com/advisercentre
FUND FACTSProduct(s) Stakeholder/PP2000
Fund generation G17
Launch date 21 December 1977
Fund size £2,075.98 million
Number of holdings 5,661
ABI sector ABI UK - Mixed Investment 40%-85% Shares-Pen
Annual Management Charge (AMC)
Refer to Members' Policy booklet or Members' booklet
Performance fee No
Valuation spread 0.53% as at 02 February 2018
Domicile United Kingdom
Currency GBP
Valuation time 12:00 hrs
ISIN GB0030534431
SEDOL 3053443
MEX LGEMS
IMPORTANT INFORMATIONThe value of an investment is not guaranteed and may go up and down.
The launch date shown is for the first available generation of the Legal & General pension fund.
Source: Legal & General Group PLC unless otherwise stated.
Legal & General Assurance Society Limited. Registered in England and Wales No.166055. Registered office: One Coleman Street, London EC2R 5AA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
www.legalandgeneral.com
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