Legal & General Developed World Momentum Factor Index Fund Class I Units Inc

The objective of the Fund is to track the performance of the iSTOXX L&G Developed World Momentum Index NTR (the “ Benchmark Index”) on a net total return basis before fees and expenses are applied. Fund performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors. The Fund will invest at least 90% in assets (directly or indirectly through depositary receipts) that make up the Benchmark Index. The Fund will generally hold assets directly but can use depositary receipts (such as American depositary receipts and global depositary receipts) to gain exposure such as when the direct asset cannot be held or is not available. The Fund aims to track the performance of the Benchmark Index using a sampling approach and may not necessarily hold all of constituents of the Benchmark Index. The Fund will invest in a selection of securities in the Benchmark Index which represent the key risk factors, industry sectors, country exposure and market capitalisation of the constituents of the whole Benchmark Index. As a result, the Fund’s exposure to the underlying Benchmark Index is limited to this representative sample. The Fund may increase or decrease the number of securities in its representative sample at any time. Therefore, while the Fund seeks to track the Benchmark Index using its sampling approach, the Fund typically will not match exactly the performance of the Benchmark Index. For further detail, please refer to “Sampling Based Fund” section of the Prospectus. The Fund may also invest in shares in companies (directly or indirectly) which are reasonably expected to become part of the Benchmark Index in the near future or have just left the Benchmark Index or are an alternative to a constituent of the Benchmark Index. The Fund may also invest in collective investment schemes (including those managed or operated by the Manager or an associate of the Manager), money market instruments (such as treasury bills), depositary receipts (such as American depositary receipts and global depositary receipts), cash and permitted deposits. The Benchmark Index is designed to reflect the performance of a diversified basket of shares in companies in developed countries across various regions and industry sectors, weighted to achieve exposure to the momentum factor. The momentum factor seeks to increase exposure to companies with strong recent performance or companies that have demonstrated rapid growth in a short period of time. In order to achieve the momentum factor exposure, the Investment Manager has developed a proprietary scoring system which scores companies based on the momentum factor compared to their regional and industry sector peers (“ Momentum-Factor Score”). The Benchmark Index increases its exposure to (tilts towards) companies with higher Momentum-Factor Scores and decreases its exposure to (tilts away from) companies with lower Momentum-Factor Scores. The Benchmark Index is also weighted using optimisation, which aims to maintain broad diversification across the various countries, industry sectors and securities. The Benchmark Index will be rebalanced quarterly each year. An up-to-date overview of the Benchmark Index is available on iStoxx website: https://www.stoxx.com/document/Indices/Common/Indexguide/iStoxx_ L&G_indices_methodology_guide_Supplement.pdf The Fund may use derivatives (financial contracts which have a value linked to the price of another financial asset (such as a share, bond or currency) or a market index) in order to: reduce risk or cost; or generate additional capital or income with no, or an acceptably low, level of risk (known as "efficient portfolio management"). Other information: Your units will be accumulation units. Income from the Fund's investments (dividends) will be reinvested back into the value of your units. You can buy or sell units in this Fund on any business day. You need to contact us with your instruction before 3pm. This is the time we calculate unit prices for this Fund. If you contact us after 3pm, the units will be bought or sold at the next business day's price. The Fund's base currency is denominated in GBP. The Fund is passively managed as it tracks the Benchmark Index. This Fund may be suitable for investors who want to invest in shares of companies across various regions and industry sectors in developed markets and are looking for a fund that incorporates a factor investing approach, with a focus on a momentum factor. Although investors can take their money out at any time, this Fund may not be appropriate for those who plan to withdraw their money within five years. This Fund is not designed for investors who cannot afford more than a minimal loss of their investment. If you do not understand this document we recommend you seek additional information to help you decide if this Fund is right for you.