Morningstar Fund Report  | 12/04/2025Print

ReAssure LG Life Invesco Income Fund 2

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
ReAssure LG Life Invesco Income Fund 2
Fund15.0-3.58.25.65.3
+/-Sector1.85.11.6-0.93.4
 
Sector: UK All Companies (Life)
Key Stats
NAV
11/04/2025		 GBX 250.10
Day Change 4.30%
ABI Sector UK All Companies (Life)
ISIN GB00B60ZYC65
Fund Size (Mil)
31/03/2025		 GBP 963.47
Share Class Size (Mil)
31/03/2025		 GBP 62.00
Stakeholder No
*  This rating and report were issued for the underlying fund and not the insurance product. Fees of insurance products may be higher, which can negatively impact returns. Insurance products may also hold cash outside the underlying fund, which can strongly affect performance.
Investment Objective: ReAssure LG Life Invesco Income Fund 2
The Fund aims to achieve income and capital growth over the long term (5 years plus). The Fund invests at least 80% of its assets in shares or other equity related securities of companies incorporated, domiciled or carrying out the main part of their economic activity in the UK. In pursuing the Fund’s investment objective, the fund manager may consider it appropriate to also invest in other transferable securities (including private and unlisted equities and non UK companies), money-market instruments, collective investment schemes (including funds managed by the Invesco group), deposits and cash.
Returns
Trailing Returns (GBP)11/04/2025
YTD-1.19
3 Years Annualised3.91
5 Years Annualised8.77
10 Years Annualised0.41
12 Month Yield -
Dividend Paying Frequency 
Management
Manager Name
Start Date
James Goldstone
15/05/2020
Ciaran Mallon
15/05/2020
Inception Date
06/09/2010

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA UK All Companies SectorMorningstar UK All Cap TME NR GBP
Portfolio Profile for  ReAssure LG Life Invesco Income Fund 231/12/2024
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock95.330.0095.33
Bond0.000.000.00
Property0.000.000.00
Cash2.310.052.26
Other3.811.392.42
Top 5 Regions%
United Kingdom81.80
United States10.15
Eurozone5.15
Canada1.80
Europe - ex Euro1.09
Top 5 Sectors%
Financial Services21.23
Consumer Cyclical15.86
Consumer Defensive12.90
Industrials12.69
Energy11.00
Top 5 HoldingsSector%
Barclays PLCFinancial ServicesFinancial Services6.15
Next PLCConsumer CyclicalConsumer Cyclical5.80
RELX PLCIndustrialsIndustrials4.28
Tesco PLCConsumer DefensiveConsumer Defensive4.07
TotalEnergies SEEnergyEnergy3.92
Increase Decrease New since last portfolio
ReAssure LG Life Invesco Income Fund 2
Growth Of 1000 (GBP) 31/03/2025
Fund:  ReAssure LG Life Invesco Income Fund 2
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-8.226.70-20.6414.97-3.538.225.595.25
+/- Category2.33-12.25-8.08-2.84-0.091.46-2.494.39
+/- Category Index-----0.59-4.230.10
% Rank in Category3581835478417017
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day4.30   4.963.71
1 Week-4.10   -3.09-3.26
1 Month-4.40   1.781.40
3 Months-1.73   2.100.60
6 Months-3.73   1.59-1.50
YTD-1.19   3.700.82
1 Year-0.24   -0.74-4.43
3 Years Annualised3.91   1.59-0.63
5 Years Annualised8.77   0.19-0.87
10 Years Annualised0.41   -3.35-4.42
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20255.25---
20243.50-0.286.67-4.09
20230.63-0.041.306.20
2022-3.01-4.94-4.779.87
20211.854.384.243.75
2020-33.936.27-1.5214.77
 
 
 
Morningstar Rating™(Relative to ABI Sector)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
ABI Sector :  UK All Companies (Life)  
Volatility Measurements31/03/2025
 
3-Yr Std Dev11.12 %
3-Yr Mean Return6.79 %
 
3-Yr Sharpe Ratio0.24
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  FTSE AllSh TR GBP
3-Yr Beta0.900.91
3-Yr Alpha-1.06-0.69
 
Investment Style Details31/12/2024
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 16483-
Market Capitalisation% of Equity
Giant20.23
Large43.16
Medium25.39
Small7.13
Micro4.09
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings10.740.93
Price/Book1.580.98
Price/Sales0.851.09
Price/Cash Flow6.680.91
Dividend-Yield Factor3.780.86
 
Long-Term Projected Earnings Growth10.451.16
Historical Earnings Growth9.06-1.88
Sales Growth8.851.74
Cash-Flow Growth13.7417.12
Book-Value Growth2.221.18
 
Category: UK Equity Income
Asset Allocation31/12/2024
Asset Allocation
 % Long% Short% Net Assets
Stock95.330.0095.33
Bond0.000.000.00
Property0.000.000.00
Cash2.310.052.26
Other3.811.392.42
World Regions31/12/2024
 % of EquityRelative to Category
United States10.153.96
Canada1.8016.06
Latin America0.000.00
United Kingdom81.800.89
Eurozone5.151.49
Europe - ex Euro1.090.84
Europe - Emerging0.00-
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings31/12/2024
 % of EquityRelative to Category
Basic MaterialsBasic Materials9.241.53
Consumer CyclicalConsumer Cyclical15.861.62
Financial ServicesFinancial Services21.230.85
Real EstateReal Estate1.030.30
Consumer DefensiveConsumer Defensive12.900.97
HealthcareHealthcare5.230.62
UtilitiesUtilities10.032.14
Communication ServicesCommunication Services0.780.13
EnergyEnergy11.001.51
IndustrialsIndustrials12.690.95
 
Category: UK Equity Income
Top 10 Holdings31/12/2024
 Portfolio NEW
Total Number of Equity Holdings46
Total Number of Bond Holdings0
Assets in Top 10 Holdings40.90
NameSectorCountry% of Assets
Barclays PLC103United Kingdom6.15
Next PLC102United Kingdom5.80
RELX PLC310United Kingdom4.28
Tesco PLC205United Kingdom4.07
TotalEnergies SE309France3.92
Lloyds Banking Group PLC103United Kingdom3.73
Shell PLC309United Kingdom3.37
CRH PLC101United States3.30
BP PLC309United Kingdom3.19
Compass Group PLC102United Kingdom3.08
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
Management
Name of CompanyLegal & General
Phone-
Websitewww.legalandgeneral.com
AddressOne Coleman Street
 London   EC2R 5AA
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
Inception Date06/09/2010
Fund Advisor(s)
Invesco Asset Management Ltd
Fund ManagerJames Goldstone
Manager Start Date15/05/2020
Fund ManagerCiaran Mallon
Manager Start Date15/05/2020
 
Biography
Ciaran has worked in equity markets since 1994. After completing his Chemistry degree at Oxford University he joined HSBC Private Clients where he worked as an Investment Analyst. He joined United Friendly Asset Management (UFAM) in 1999 where he worked as a Fund Manager. UFAM was acquired by Royal London Asset Management (RLAM) in 2000. Ciaran left RLAM in 2004 and joined Invesco Perpetual in January 2005.
Fees and Expenses
Annual Charges
Max Annual Management Charge1.61%
Ongoing Charge
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings20  GBP
Tax Free Savings Schemes
ISAsYes