NAV
Objective
The Legal & General Long Life Fund (the “Fund”) seeks to provide capital growth while limiting downside risk.
Approach
The Fund is an investment fund-based income solution that seeks to take a certain percent of the participant's final working year retirement plan balance and leave it alone to grow over 20 years before being used for continued income payments in late retirement once the appropriate vintage of the Retirement Income Fund assets is depleted.
Using a static asset allocation between Protected Equity and Long Duration Credit, our strategy is positioned to seek to achieve a more consistent return profile over time. Facing the uncertainties of mortality, inflation and market returns, participants can aim to protect outcomes in late retirement through stable growth. Once in late retirement, continued stability will provide a foundation for retirement regardless of an individual’s overall strategy. This strategy has been built to address the three fundamental needs for participants:
- Designed to fund late retirement income needs, starting 20 years after retirement, after the Retirement Income Strategy has finished paying out.
- Provides a liquid alternative for participants who are not going to use annuities to fund advanced retirement income needs.
- Offers a source for extraordinary income needs in early- and mid-retirement that will not impact the level of income provided by the Retirement Income Strategy.
Share class details
| Share class | Symbol | CUSIP | Gross expenses | Net expenses | Min. investment | Inception |
|---|---|---|---|---|---|---|
| Institutional Class | LLFIX | 00775Y447 | 1.11% | 0.20% | $1,000,000 | - |
| R6 Class | LLFZX | 00775Y439 | 1.16% | 0.25% | No minimum | - |
| W Class | LLFWX | 00775Y454 | 1.06% | 0.15% | $100,000,000 | - |
The adviser has contractually agreed to waive fees and expenses until February 28, 2024.
Monthly performance (as of TBD)
| Share class | 1 mon | 3 mon | YTD | 1 yr | 3 yr | 5 yr | Since Inception |
|---|---|---|---|---|---|---|---|
| Institutional Class | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R6 Class | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| W Class | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Quarterly performance (as of TBD)
| Share class | 1 yr | 3 yr | 5 yr | 10 yr | Since Inception |
|---|---|---|---|---|---|
| Institutional Class | N/A | N/A | N/A | N/A | N/A |
| R6 Class | N/A | N/A | N/A | N/A | N/A |
| W Class | N/A | N/A | N/A | N/A | N/A |
Annualized performance shown for periods greater than one year. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please visit call 1-833-44-LGIMA.
Consider the funds’ investment objective, risk, and charges and expenses. This and other information can be found in the funds’ prospectus, and if available, the summary prospectus, which may be obtained by calling 1-833-44-LGIMA. Please read the prospectus, and if available the summary prospectus, carefully before investing.
There are risks involved in investing, including loss of principal. Asset allocation may not protect against market risk. Investment in the fund(s) is subject to the risks of the underlying funds. Investment in Underlying Funds: The value of an investment in the Fund is based primarily on the prices of the Underlying Funds in which the Fund invests. Asset Allocation: The Fund is subject to asset allocation risk, which is the risk that the selection of the Underlying Funds and the allocation of the Fund’s assets among the various asset classes and market segments will cause the Fund to underperform other funds with a similar investment objective. Bond Funds: Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Equity: The risk that stock prices will fall over short or extended periods of time, sometimes rapidly and unpredictably. Derivatives: The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. International: In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Active ETF: The Fund may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate.
Indices are unmanaged and do not include the effect of fees. One cannot invest in an index.
The funds are distributed by SEI Investment Distribution Company (SIDCO). SIDCO is not affiliated with LGIMA.