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Investment Funds Corporate Actions and Watchlist

The Corporate Actions and Watchlist tables provide the latest details of any changes or performance concerns to the underlying funds for our Core fund range.

Pension insured fund corporate action updates

The table below shows any changes to the underlying funds that we use for our Insured Pension range.  These changes are instigated by the underlying fund manager and may directly affect your client’s investments with LV=.

Your client will be notified of any changes, except for price reductions, in writing.

Fund
Manager		Fund
Name		Corporate Action
Notification		Summary of impact on fundDate
Effective
SchroderLV= Schroder Income Maximiser/ LV= Schroder Income Maximiser (s2)Change of investment policy.Change of investment policy to more clearly define how the fund is managed.13.01.2023
L&GLV= L&G Strategic Bond (s2)Change of fund nameLegal & General are changing the name of this fund because it is intended to better reflect the Fund's investment approach.06.02.2023
Columbia ThreadneedleLV= CT China Opportunities (s2)Change of investment objective & policyInvestment objective & policy updated to reflect the increased number of constituents in the index from 'over 450 companies' to 'over 700 companies'.17.02.2023
SchroderLV= Schroder Blended Portfolio 6 (s2)Change of investment policyChange of investment policy to more clearly define how the fund is managed.24.02.2023
SchroderLV= Schroder Blended Portfolio 7 (s2)Change of investment policyChange of investment policy to more clearly define how the fund is managed.24.02.2023
SchroderLV= Schroder Income Portfolio (s2)Change of investment policyChange of investment policy to more clearly define how the fund is managed.24.02.2023
SchroderLV= Schroder MM Diversity (s2)Change of investment policyChange of investment policy to more clearly define how the fund is managed.28.02.2023
M&GLV- M&G Corporate Bond/LV= M&G Corporate Bond (s2)Change of benchmark and revisions to the methodology used to calculate the VARTo provide a more accurate representation of the funds investment universe and to allow the funds risk level to change dynamically alongside that of its investment universe, so that the fund manager can better adjust the level of risk in any market condition whilst remaining within the remit of the Fund's Investment Policy.06.03.2023
M&GLV- M&G Strategic Corporate Bond (s2)Change of benchmark and revisions to the methodology used to calculate the VARTo provide a more accurate representation of the funds investment universe and to allow the funds risk level to change dynamically alongside that of its investment universe, so that the fund manager can better adjust the level of risk in any market condition whilst remaining within the remit of the Fund's Investment Policy.06.03.2023
M&GLV= M&G Optimal Income (s2)Change of benchmarkTo provide a more accurate representation of the funds investment universe.06.03.2023
FidelityLV= Fidelity Sustainable Emerging Markets Equity Index (s2)Change of fund name, investment objective & policyFidelity believes that sustainable investing should be a priority for them and their clients. They believe that investing in companies that consider a range of ESG factors, alongside revenues and profits, has the potential to deliver more sustainable outcomes for investors over time. Old fund name: LV= Fidelity Emerging Europe, Middle East & Africa (s2)24.03.2023
FidelityLV= Fidelity Multi-Asset Open Growth/LV= Fidelity Multi-Asset Open Growth (s2)Change of investment policyTo provide greater value for investors by changing the minimum investment threshold of investing 65% in Fidelity funds, with the long-term aim of passing on cost savings through lower ongoing charges.29.03.2023
FidelityLV= Fidelity Multi-Asset Open Strategic/LV= Fidelity Multi-Asset Open Strategic (s2)Change of investment policyTo provide greater value for investors by changing the minimum investment threshold of investing 65% in Fidelity funds, with the long-term aim of passing on cost savings through lower ongoing charges.29.03.2023
FidelityLV= Fidelity Open World/LV= Fidelity Open World (s2)Change of investment policyTo provide greater value for investors by changing the minimum investment threshold of investing 65% in Fidelity funds, with the long-term aim of passing on cost savings through lower ongoing charges.29.03.2023
L&GLV= L&G Active Sterling Corporate Bond Plus (s2)Change of investment objective.To better reflect how the fund is managed31.03.2023
JupiterLV= Jupiter Merlin Conservative Select (s2)Change of fund name, investment objective & policyTo better reflect how the fund is managed. Old fund name: LV= Jupiter Merlin Conservative Portfolio (s2)05.04.2023

Pension insured fund performance monitoring Watchlist

All of our pension insured funds go through an onboarding and ongoing due diligence process which means you and your clients can be sure that LV= is challenging the fund managers to ensure they produce the best possible results. LV= carry out a quarterly review of all of its funds and may sometimes identify funds that we feel require further investigation to ensure we are still happy that they are providing the best level of service for our members.

You can see a list of funds we are investigating and a brief summary of our concerns below. If you would like further information on any of these funds or about our due diligence and monitoring processes please contact us via [email protected]

Please note, if at any point we feel there is a material risk to our members' investment, or we are planning to take any action on the funds listed, all financial advisers with clients invested in the affected funds will be contacted.

LV=
Fund Code		LV=
Fund Name		Fund SeriesReason for investigation of fundOutcome of investigation
1044LV= Ninety One Global Income Opportunities (s2)Series 2The fund has performed below the 75th percentile for its sector this quarter. The performance measure triggered over 2/5 periods.Fund to remain on external watch-list and will complete a further investigation in June 2023.
197/1197LV= M&G Recovery/LV= M&G Recovery (s2)Series 1 & Series 2The fund has performed below the 75th percentile for 5 quarters. This quarter the performance triggered over 2/5 periods.Fund is under review, update to follow.
1199LV= M&G Property Portfolio (s2)Series 2The fund has performed below the 75th percentile for its sector. Performance measure triggered across 3/5 periods. We are monitoring the fund closely.Fund is under review, update to follow.
155/1218LV= Schroder European Alpha Plus/LV= Schroder European Alpha Plus (s2)Series 1 & Series 2The fund has performed below the 75th percentile for its sector across both series. The fund is closed to new business.Fund is under review, update to follow.
120/1140LV= Fidelity American/LV= Fidelity American (s2)Series 1 & Series 2The fund has performed below the 75th percentile for its sector across both series. We are monitoring the fund closely.Fund is under review, update to follow.
1139LV= Fidelity Sustainable Emerging Markets Equity Index (s2)Series 2The fund has performed below the 75th percentile for its sector. Performance measure triggered over 3/5 periods.Fund is under review, update to follow.
1281LV= DMS Stiring House Monthly Income (s2)Series 2The fund has performed below the 75th percentile for its sector. Performance measure triggered over 3/5 periods. The fund is closed to new business.Fund is under review, update to follow.
1283LV= DMS Stirling House Growth (s2)Series 2The fund has performed below the 75th percentile for its sector. Performance measure triggered over 4/5 periods.Fund will continue to be monitored.
1280LV= DMS Stirling House Balanced (s2)Series 2The fund has performed below the 75th percentile for is sector. Performance measure triggered over 2/5 periods.Fund will continue to be monitored.