Quick Stats

Bid Price GBX 129.70 Offer Price GBX 129.70
Mid Price - Day Change GBX -0.40 (-0.31%)
Price Date 16 Jan 2018 Crown Rating
Shares Class Inc. Yield 3.20 %
Total Expense Ratio 0.00 Fund Size 534,000,000.00
Launch Date 07/02/2005 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.13 Sector IMA UK Equity Income
Min Investment (£) 1,000,000.00 Total Expense Ratio (%) 0.00
ISIN GB00BD03RW09 Min TopUp (£) 20,000.00

Fund Objective

The investment objective for the Fund is to track the capital performance of the UK equity market as represented by the FTSE All-Share Index (‘the Index’) by investment in a representative sample of stocks selected from various economic sectors (including a stock or stocks reasonably expected to become part of that Index).From time to time non Index constituents may be held as a result of a corporate action and these holdings will be sold or transferred as soon as reasonably practical.The investment objective set for the Investment Manager is to match the capital return of the Index to within a deviation of +/- 0.50% per annum, in two years out of three on a rolling basis, before the deduction of expenses.For the purposes of measuring Fund performance relative to the Index, the Investment Manager will use proprietary performance data.The Fund shall normally invest in:• Securities which are constituents of the Index, or securities which are expected to become Index constituents, and are listed on a recognised stock exchange• Cash (including any near-cash short-term instruments)The Fund may also invest in:• Investments which may be subject to stabilisation• Derivatives• New issues• Underwriting (including sub-underwriting) of any issue or offer for sale, subject to the prior written approval of the Charity Commission• Foreign currency may be purchased as required to manage the Fund efficientlyCash will be held, from time to time, in the Fund which will include cash required for administration purposes but could also include cash available for investment which the Investment Manager may place on deposit pending acquisition of securities. Cash on deposit will be placed with banks approved by the Investment Manager.

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.