LDEIX — Legal & General Global Developed Equity Index Fund
Data updated: 2024-04-01
LDEIX — Legal & General Global Developed Equity Index Fund. United States Large Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
LDEIX Fund Overview
LDEIX — Legal & General Global Developed Equity Index Fund is a US mutual fund managed by Advisors' Inner Circle Fund III, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisors' Inner Circle Fund III
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $26.85M
- 1-year return: 16.8%
- Ticker: LDEIX
- SEC CIK: 0001593547
- SEC series ID: S000070415
- Share class ID: C000223890
LDEIX Investment Objective and Strategy
Legal & General Global Developed Equity Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund III.
Investment objective
The Legal & General Global Developed Equity Index Fund (the Global Developed Equity Index Fund or the Fund) seeks to provide investment results that, before fees and expenses, track the performance of the MSCI World Index.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities included in the MSCI World Index (the Index) and other instruments with economic characteristics similar to such securities. This investment policy can be changed by the Fund upon 60 days prior written notice to shareholders. The Index is designed to measure the performance of equity securities in the large and mid-capitalization segments of developed market countries. As of December 31, 2022, the Index consisted of securities of companies in the following 23 countries or regions: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom (the U.K.) and the U.S.
The components of the Index may change over time. The Index is sponsored by MSCI Inc. (the Index Provider or MSCI), which is independent of the Fund and the Adviser. The Index Provider determines the composition and relative weightings of the securities in the Index and publishes information regarding the market value of the Index. The Index is reviewed quarterlyin February, May, August and Novemberwith the objective of reflecting change in the underlying equity markets in a timely manner, while limiting undue Index turnover. During the May and November semi-annual Index reviews, the Index is rebalanced and the large- and mid-cap cutoff points are recalculated. In seeking its investment objective, the Fund typically employs a passive full replication strategy which attempts to replicate, before fees and expenses, the performance of the Index by investing all, or substantially all, of its assets in the companies that make up the Index, holding each company in approximately the same proportion as its weighting in the Index.
The Fund may also invest in certain derivative instruments such as futures and forward contracts, in cash and cash equivalents, in stocks and in shares of other investment companies (including exchange-traded funds (ETFs) not included in the Index, but which the Adviser believes will help the Fund track the performance of the Index. The Fund may also invest in futures to provide liquidity for cash flows and to hedge dividend accruals, and in foreign currency forward contracts to maintain the approximate currency exposure of the Index. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Index is so concentrated. The components of the Index, and the degree to which these components represent certain industries, may change over time.
LDEIX Holdings
Top 10 holdings of Legal & General Global Developed Equity Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Apple Inc. | 4.72% |
| Microsoft Corporation | 4.59% |
| NVIDIA Corporation | 2.49% |
| Amazon.com, Inc. | 2.36% |
| Meta Platforms, Inc. | 1.42% |
| Alphabet Inc. | 1.36% |
| Alphabet Inc. | 1.21% |
| Tesla, Inc. | 0.87% |
| Broadcom Inc. | 0.86% |
| Eli Lilly And Company | 0.85% |
LDEIX Portfolio Allocation
Asset-class allocation of Legal & General Global Developed Equity Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.3% |
| Derivatives | 0.6% |
| Cash & Equivalents | 0.4% |
LDEIX Performance
Total returns for LDEIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 16.8% |
| 3 years (annualised) | 1.3% |
LDEIX Risk Information
Risk metrics for LDEIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.3%
LDEIX Costs and Fees
LDEIX costs about $9 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.09%
- Gross expense ratio: 1.82%
- Portfolio turnover: 3%
- Brokerage commissions: 0.15 bps of average net assets (SEC N-CEN)
LDEIX Cashflows
Over the 12 months to 2024-01, Legal & General Global Developed Equity Index Fund had net inflows of $1.79M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-01 | $51.18K |
| 2023-12 | $63.74K |
| 2023-11 | $1.28M |
| 2023-10 | $45.46K |
| 2023-09 | $36.86K |
| 2023-08 | $35.42K |
LDEIX Debt Constituents
No individual debt constituents are reported in Legal & General Global Developed Equity Index Fund's latest SEC N-PORT filing.
LDEIX Prospectus and SEC Filings
Official Legal & General Global Developed Equity Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus (485BPOS) — filed 2021-01-07
- Portfolio holdings (N-PORT) — filed 2024-04-01
- Portfolio holdings (N-PORT) — filed 2023-12-29
- Portfolio holdings (N-PORT) — filed 2023-09-28
- Annual census (N-CEN) — filed 2024-01-12
- Annual census (N-CEN) — filed 2023-01-13
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.