Description: The objective of this Sub-fund is to replicate the MSCI North America Index and to minimize difference between its performance and that of the Index. The Sub-fund aims to achieve a level of tracking error whereby the annual variability of the difference in returns between the performance of the sub-fund and its index will not normally exceed 2%. On a daily basis, the manager aims to maintain the tracking error under 0.50%. The exposure to the Index will be achieved either through direct investment or through the use of derivatives or through a combination of both.
Exchange: LSE
Country: UK
Currency: Pence sterling (p)
Category: US Large-Cap Blend Equity
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| Stock US | 93.21 | 0.00 | 93.21 |
| Stock non-US | 5.94 | 0.03 | 5.91 |
| Cash | 8.08 | 7.12 | 0.96 |
| Other | 0.00 | 0.00 | 0.00 |
| Bond | 0.00 | 0.08 | -0.08 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Technology | 23.69 | 23.45 |
| Healthcare | 14.24 | 15.98 |
| Financial Services | 13.94 | 14.62 |
| Consumer Cyclicals | 11.07 | 10.35 |
| Industrials | 8.34 | 8.85 |
| Communication Services | 7.88 | 7.33 |
| Consumer Defensive | 6.87 | 7.28 |
| Energy | 5.30 | 4.23 |
| Utilities | 3.05 | 2.44 |
| Real Estate | 2.87 | 2.73 |
| Basic Materials | 2.74 | 2.72 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| North America | 98.92 | 98.56 |
| United Kingdom | 0.50 | 0.59 |
| Europe Developed | 0.43 | 0.76 |
| Latin America | 0.11 | 0.07 |
| Asia Developed | 0.03 | 0.03 |
| Africa/Middle East | 0.00 | 0.00 |