Legal & General European Index Trust I Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 35.1% | 6.3% | 7.3% | 13.7% | 3.1% |
| Sector | 39.6% | 4.2% | 6.5% | 12.3% | 0.9% |
| Rank | 84/117 | 41/121 | 64/126 | 60/127 | 60/128 |
| Quartile | 3 | 2 | 3 | 2 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
||
| Fund | 8.0% | 12.6% | 7.8% | |
| Sector | 6.5% | 11.9% | 7.3% | |
| Rank | 54/126 | 57/117 | 41/94 | |
| Quartile | 2 | 2 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| SAP SE | 3.43 |
| ASML HOLDING N.V. | 3.32 |
| NOVO NORDISK A/S | 2.96 |
| ROCHE HOLDING AG | 2.50 |
| NESTLE S.A. | 2.48 |
| NOVARTIS AG | 2.41 |
| LVMH MOET HENNESSY LOUIS VUITTON | 2.03 |
| SIEMENS AKTIENGESELLSCHAFT | 1.79 |
| SCHNEIDER ELECTRIC SE | 1.54 |
| ALLIANZ SE | 1.43 |
| Total | 23.90 |
Fund Aims
The objective of this fund is to provide growth by tracking the performance of the FTSE World Europe ex UK Index. The fund will invest almost entirely in company shares. The fund's investments will closely match those that make up the Index. The Index consists of a broad spread of European company shares (excluding UK companies). The fund may use derivatives to reduce risk or cost, or to generate additional capital or income with no, or an acceptably low, level of risk.
Fund Manager
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
Fund Overview
| Mid (04/04/2025) | 646.80p |
| Historic yield | - |
| Fund size (31/01/2025) | £3311.65m |
| Number of holdings | 634 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.12% |
| Launch date | 01/08/2006 |
Asset Allocation
| International Equities | 97.93% | |
| Cash and Equivalents | 0.77% | |
| International Bonds | 0.64% | |
| Property | 0.27% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 0.38% |
Commentary
European equity markets posted a sharp year-end rally, with leading indices returning to levels that were last recorded prior to the collapse of Lehman Brothers in Autumn 2008. The rally was surprisingly broad-based, with equities in Spain, Portugal, Italy and Ireland gaining significant ground. Year-end momentum was attributed to heightened expectations of global economic recovery, with investors less worried about European contagion risk and US recession risk. Despite concerns that the manufacturing recovery would be lacklustre and short-lived, the reality has been very different. December’s batch of official data, in the form of a variety of survey-based indicators (NY Empire State, Philly Fed and the European Purchasing Managers Index), point to continued momentum in manufacturing activity. Encouragingly, euro-zone data has continued to be demonstrably resilient. The survey of European economic sentiment rose in December, while third-quarter preliminary GDP was unrevised at 1.9% year-on-year and the closely watched German IFO business climate index increased to a record high. At the sector level, cyclicals remained in favour, with steel, forestry/paper and mining all amongst the leaders. The top performing blue-chip stock was Italian auto manufacturer Fiat, which announced plans to separate its industrial holdings from the core car-making business. Austrian-listed OMV, central Europe’s largest oil company, was also amongst the leaders as the price of crude breached $90/barrel.
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
