10 Jan 2022

LGIM America Launches Five Mutual Funds, Including a Retirement Income Fund

Chicago, IL (January 10, 2022) - LGIM America (LGIMA), a registered investment adviser specializing in designing and managing investment solutions across active fixed income, index, multi-asset and liability driven investment in the US market, today announced the launch of five new mutual funds. These funds demonstrate the firm’s commitment to its clients and its expanding Defined Contribution (DC) capabilities. The firm’s flagship fund, Legal & General Retirement Income 2040 Fund, is centered around the firm’s focus on retirement income and investment solutions that help retirees make the right spending decisions throughout their retirement journey. Details of the five funds, which are offered only to institutional investors, include:

The Legal & General Retirement Income 2040 Fund is comprised of the four funds listed below. Its goal is to provide current income during the early and middle-years of retirement while ensuring capital is not exhausted prior to the fund’s terminal date.

The Legal & General Global Developed Equity Index Fund seeks to provide investment results that, before fees and expenses, track the performance of the MSCI World Index.

The Legal & General Cash Flow Matched Bond Fund seeks current income through the management of investment grade credit with a final maturity between zero and five years. The Fund does not have a specific target for its average duration. The Fund’s portfolio is laddered by investing in fixed income securities with different final maturities so that some securities age out of the zero- to five-year maturity range during each year.

The Legal & General Long Duration US Credit Fund aims to maximize total return through capital appreciation and current income. It primarily invests in investment-grade fixed income securities with an average portfolio duration that is within 10% of the Fund’s benchmark, the Bloomberg Long Duration US Credit Index.

The Legal & General US Credit Fund looks to maximize total return through capital appreciation and current income. It primarily invests in investment-grade fixed income securities with an average portfolio duration that is within 10% of the Fund’s benchmark, the Bloomberg Capital US Credit Index.

“LGIM America is excited to partner with plan sponsors and other institutional intermediaries in helping find a solution to the retirement income gap for participants who are looking to protect themselves from running out of money in retirement,” said Rob Capone, Head of Defined Contribution. “These new Funds will play an integral part in our retirement income strategy and client offering—to provide simple retirement solutions that leverage our institutional investment management thinking and aim to protect from negative market fluctuations in the long term.”

These Funds are part of a larger retirement income solution initiative and complete our retirement income strategy, which is designed to bring investors through the early- to middle-years of retirement. Within the first several months of 2022, we anticipate completing a long-life strategy which is the longevity piece of our solution and designed to support individuals into their later years of retirement.

Press contact
Carolyn Gasbarra
O: 630.220.0017

About LGIM America
LGIM America (LGIMA) was founded in 2006 with the purpose of helping people achieve their long-term financial goals. We offer a range of strategies to help our institutional clients (corporations, healthcare agencies, non-profit, education, public plans and Taft-Hartley) manage their investment objectives, which can range from market-based alpha-oriented strategies to those that are designed to be more liability-centric, derivative overlays, or indexed solutions. Encouraging a diverse and inclusive environment coupled with a solutions-focused culture allows us to increase our breadth of knowledge and the likelihood of improved client outcomes and stronger financial performance. We have teams of experienced, innovative professionals committed to helping plan sponsors meet their pension promises, managing investment exposures efficiently to seek enhanced returns while mitigating risks, and working to generate returns while making a positive societal difference. As of September 30, 2021, LGIM America had $262 billion in assets under management.

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 visiting www.lgima.com/funds or by calling 1-8334- 4-LGIMA. Please read the prospectus, and if available the summary prospectus, carefully before investing. The funds are available only to qualified institutional investors and are not offered to retail investors.

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. There is no assurance the objectives of the funds will be met. The funds may invest in commodity interests and derivative contracts, which inherently present substantial risk of loss and a higher risk than other investment strategies.

The funds are distributed by SEI Investment Distribution Company (SIDCO). SIDCO is not affiliated with LGIM America.