Fact sheet: LV= L&G Multi-Idx 5 Pn

Fund information
Fund name
LV= L&G Multi-Index 5 Pn S3
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Bruce Whitesince 21/08/2013
  • Justin Onuekwusisince 21/08/2013
  • Martin Dietzsince 21/08/2013
Underlying fund
L&G Multi-Index 5
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 5.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
13.7%
1 Year rank in sector
594/860
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£31m (£16m 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.
57
Bid price
123.8
Offer price
130.4
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn24.4%
Scot Eq Ext Bal Coll (ex MLC) Pn23.2%
FL My Ftr Adv Gth XE/IE Pn23.1%
FL My Ftr Advantage Gth Pn23.1%
Ret Adv Cirilium Dynamic Pn22.3%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK38%
    International15%
    North America10.5%
    Global Emerging Markets9.1%
    Europe ex UK7.3%
  • Financials15.3%
    Industrials11%
    Government Bonds10.6%
    Money Market7.9%
    Investment Grade Corporate Bonds7.8%
  • UK Equities20.6%
    UK Corporate Fixed Interest10.8%
    North American Equities10.5%
    Europe ex UK Equities7.3%
    Global Corporate Fixed Interest6.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%1.6%2.6%13.7%29.6%-
Sector-1.8%1.5%2.6%14.2%26.6%49.7%
Rank within sector192 / 900314 / 900438 / 888594 / 860212 / 706-
Quartile1st2nd2nd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.4%14.5%3.2%--
Sector2.2%14.3%2.2%5.7%13.1%
Rank within sector339 / 889440 / 791213 / 744--
Quartile2nd3rd2nd
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.
1.75
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.
0.87
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.
0.91
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%.
6.32
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.
1.74
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.
0.41
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.
0.94
Price movement
52 week high125.7
52 week low106.2
Current bid price123.8
Current offer price130.4
Current mid price-
Region
1UK37.98%
2International15.03%
3North America10.53%
4Global Emerging Markets9.08%
5Europe ex UK7.3%
6Not Specified5.94%
7Japan5.81%
8Money Market5.05%
9Asia Pacific ex Japan3.28%
Industry sector
1Financials15.28%
2Industrials11.01%
3Government Bonds10.57%
4Money Market7.9%
5Investment Grade Corporate Bonds7.83%
6Consumer Goods7.27%
7High Yield Bond5.47%
8Consumer Services5.09%
9Health Care4.59%
Asset type
1UK Equities20.55%
2UK Corporate Fixed Interest10.84%
3North American Equities10.53%
4Europe ex UK Equities7.3%
5Global Corporate Fixed Interest6.35%
6UK Property5.83%
7Japanese Equities5.81%
8Global Emerging Market Fixed Interest5.73%
9Global High Yield Fixed Interest5.45%
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 5.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Bruce White21/08/2013Bruce 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.
Justin Onuekwusi21/08/2013Justin 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
Martin Dietz21/08/2013Martin 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 5 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)0.25%
Bid price123.8
Offer price130.4
Mid price-
CurrencyGBX
Price updated19/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK5TS
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