Fact sheet: LV= L&G Multi-Idx 3 Pn

Fund information
Fund name
LV= L&G Multi-Index 3 Pn S3
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Justin Onuekwusisince 20/08/2013
  • Bruce Whitesince 20/08/2013
  • Martin Dietzsince 20/08/2013
Underlying fund
L&G Multi-Index 3
Fund objective
The objective of the fund is to provide a combination of growth and income andto keep the fund within a pre-determined risk profile.The fund’s potential gains and losses are likely to be limited by the objective tostay within its particular risk profile.The target risk profile for the fund is set by an external agency, DistributionTechnology, and is based on the historic return and volatility of different assettypes. We use our experience and research, together with research and assetallocation guidelines from Distribution Technology, to restrict the types of assetsheld and the allocation of each asset type to keep the fund within the target riskprofile.At least 80% of the fund will be invested in other authorised investment funds.The fund will mainly invest in index-tracker funds which are operated byLegal & General.Through the other funds, the fund will have exposure of between 50% and 100%to company shares from around the world.The fund may use derivatives (contracts which have a value linked to the price ofanother asset) to:• reduce risk or cost; or• generate additional capital or income with no, or an acceptably low, level ofrisk.The fund will also have exposure to company and government bonds (a type ofloan that pays interest), cash, UK commercial property, money marketinstruments (a form of loan that pays interest and is designed to have a stablevalue) and bank deposits.Distribution Technology has set risk profiles from 1 to 10, with 10 being thehighest risk. This fund aims to stay within risk profile 3.
Benchmark
  • No Specified Index
Investment style
Cautious
Investment method
No data available.
Quick stats
1 Year return
7.6%
1 Year rank in sector
63/146
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£3m (£2m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
28
Bid price
107.3
Offer price
113
Top in this sector
Fund name1 Year
B&CE ThePplPnPre-Retm0.5%Pn17.4%
Canlife BlkRckConsensus 35Pn16%
Zurich BlkRk Cnsnss 35 Pn16%
FL Defensive Index FOF Pn15.4%
SL BlackRkConsensus 35 Pn14.9%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • UK37.3%
    International23.8%
    Money Market19.4%
    Global Emerging Markets7%
    Not Specified4.8%
  • No data available.
  • Money Market19.4%
    UK Corporate Fixed Interest13.1%
    UK Gilts11.6%
    Global Index Linked10.4%
    Global Corporate Fixed Interest6.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-1.7%3.7%7.6%--
Sector-0.2%-0.7%6.6%10.3%22.5%38.1%
Rank within sector125 / 17677 / 175102 / 16663 / 146--
Quartile3rd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.8%2.4%---
Sector10.4%2.3%7.6%5.6%6.9%
Rank within sector61 / 14642 / 135---
Quartile2nd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high110.3
52 week low98.3
Current bid price107.3
Current offer price113
Current mid price-
Region
1UK37.34%
2International23.76%
3Money Market19.4%
4Global Emerging Markets7%
5Not Specified4.8%
6North America4.12%
7Japan1.56%
8Europe ex UK1.05%
9Asia Pacific ex Japan0.97%
Industry sector
No data available.
Asset type
1Money Market19.4%
2UK Corporate Fixed Interest13.06%
3UK Gilts11.62%
4Global Index Linked10.35%
5Global Corporate Fixed Interest6.83%
6UK Property6.81%
7Global High Yield Fixed Interest6.58%
8Global Emerging Market Fixed Interest6.04%
9UK Equities5.85%
Individual holdings
No data available.
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
The objective of the fund is to provide a combination of growth and income andto keep the fund within a pre-determined risk profile.The fund’s potential gains and losses are likely to be limited by the objective tostay within its particular risk profile.The target risk profile for the fund is set by an external agency, DistributionTechnology, and is based on the historic return and volatility of different assettypes. We use our experience and research, together with research and assetallocation guidelines from Distribution Technology, to restrict the types of assetsheld and the allocation of each asset type to keep the fund within the target riskprofile.At least 80% of the fund will be invested in other authorised investment funds.The fund will mainly invest in index-tracker funds which are operated byLegal & General.Through the other funds, the fund will have exposure of between 50% and 100%to company shares from around the world.The fund may use derivatives (contracts which have a value linked to the price ofanother asset) to:• reduce risk or cost; or• generate additional capital or income with no, or an acceptably low, level ofrisk.The fund will also have exposure to company and government bonds (a type ofloan that pays interest), cash, UK commercial property, money marketinstruments (a form of loan that pays interest and is designed to have a stablevalue) and bank deposits.Distribution Technology has set risk profiles from 1 to 10, with 10 being thehighest risk. This fund aims to stay within risk profile 3.
Benchmark
  • No Specified Index
Investment style
Cautious
Investment method
No data available.
Fund managers
NameSinceBiography
Justin Onuekwusi20/08/2013Justin is a fund manager within the Portfolio Strategy team, focusing on the management of the team's retail and risk-profiled multi-asset funds. Prior to joining LGIM in August 2013, Justin was a fund manager with Aviva Investors' multi-asset team combining both strategic and tactical dynamic asset allocation with manager selection in the construction of multi-asset portfolios. He was lead fund manager on a range of risk-targeting multi-asset funds and co-lead fund manager on a number of unit-linked Life and Pension funds, as well as manager of manager offerings. Justin previously worked as a fund research analyst at Merrill Lynch and an investment consultant for Aon Consulting. Justin is a CFA charterholder and holds a degree in economics from the University of Warwick and the Investment Management Certificate
Bruce White20/08/2013Bruce is a fund manager in the Multi-Asset Funds team and leads the Portfolio Strategy team. He joined LGIM in February 2012. Bruce previously worked at Queensland Investment Corporation (QIC) for 12 years, where he was Director of Global Macro with responsibility for around $40 billion of TAA derivative overlays and a stand-alone total return fund to access those strategies directly. While at QIC he also had responsibilities for strategic asset allocation research, currency management and establishing a risk management framework. He has also advised pension funds and the Australian government’s Future Fund on their asset allocation and risk management models. Bruce is a CFA charterholder and graduated from the University of Queensland with a Bachelor of Commerce (hons) and a Bachelor of Economics.
Martin Dietz20/08/2013Martin is a fund manager in LGIM's Multi-Asset Funds team and responsible for the development of medium and long-term investment strategy. Prior to joining LGIM in September 2012, Martin was a senior investment consultant at Towers Watson where he was a member of its Global Investment Committee and UK Portfolio Construction Group, providing asset class views and dynamic asset allocation for consulting and fiduciary clients. Martin previously worked as a manager at Ernst & Young in its Financial Services Risk Management. He has a PhD (summa cum laude) in economics and finance from the University of St Gallen, graduated from the doctoral programme of the Swiss National Bank at Gerzensee and was a visiting PhD student in economics at UC Berkeley
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= L&G Multi-Index 3 Pn S3
Initial charge-
Annual charge0.18%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.24%
Bid price107.3
Offer price113
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK5TQ
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