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LifeStrategy 100% US exposure

Index tracking funds and ETFs
nmdhqbc
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LifeStrategy 100% US exposure

#353636

Postby nmdhqbc » November 5th, 2020, 8:44 am

On HL website it says 31.64% US. It feels like that has gone down. Does anyone remember? VWRL is now 55.94% US. I don't remember that gap being so big. Do they announce such changes anywhere?

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Re: LifeStrategy 100% US exposure

#353653

Postby Shaker » November 5th, 2020, 9:31 am

No, you just have to keep looking at the factsheets. The downside of Lifestrategy is they have consistently had an overweight home-bias to UK stocks.

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Re: LifeStrategy 100% US exposure

#353674

Postby Adamski » November 5th, 2020, 10:00 am

You may want to look at Fidelity Index World P, 66% US.

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Re: LifeStrategy 100% US exposure

#353703

Postby Stonge » November 5th, 2020, 11:00 am

Thanks for pointing that out. What on earth is the 15% allocation to Ireland? What's going on?

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Re: LifeStrategy 100% US exposure

#353717

Postby langley59 » November 5th, 2020, 11:23 am

Stonge wrote:Thanks for pointing that out. What on earth is the 15% allocation to Ireland? What's going on?

I would hazard a guess that its probably underlying funds registered there rather than exposure to the Irish stock market.

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Re: LifeStrategy 100% US exposure

#353746

Postby mc2fool » November 5th, 2020, 12:27 pm

nmdhqbc wrote:On HL website it says 31.64% US.

And HL is obviously wrong, even by HL's own figures.

While HL's "Top 10 Countries" for the fund says 31.64% US, looking at HL's "Top 10 Holdings" finds Vanguard U.S Equity Index GBP 19.38% and Vanguard S&P 500 UCITS ETF (USD) Distributing 14.12%, which make up 33.5% just themselves.

Then there's also Vanguard FTSE Developed World ex-U.K Equity Index GBP 19.18%, and following that through finds that 62.59% of that is US, so that adds another 12% to the LS100 US exposure, for a total of 45.5%.

And that's pretty close to Trustnet's figure of 46.85% for "North American Equities", the 1.35% difference presumably being made up by Canada. https://www.trustnet.com/factsheets/o/a ... 100-equity

nmdhqbc
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Re: LifeStrategy 100% US exposure

#353758

Postby nmdhqbc » November 5th, 2020, 12:42 pm

mc2fool wrote:
nmdhqbc wrote:On HL website it says 31.64% US.

And HL is obviously wrong, even by HL's own figures.

While HL's "Top 10 Countries" for the fund says 31.64% US, looking at HL's "Top 10 Holdings" finds Vanguard U.S Equity Index GBP 19.38% and Vanguard S&P 500 UCITS ETF (USD) Distributing 14.12%, which make up 33.5% just themselves.

Then there's also Vanguard FTSE Developed World ex-U.K Equity Index GBP 19.18%, and following that through finds that 62.59% of that is US, so that adds another 12% to the LS100 US exposure, for a total of 45.5%.

And that's pretty close to Trustnet's figure of 46.85% for "North American Equities", the 1.35% difference presumably being made up by Canada. https://www.trustnet.com/factsheets/o/a ... 100-equity


Ah, yes. I should know never to trust info like this.
Maybe this and the Ireland exposure explains the mistake. If you add Vanguard S&P 500 UCITS ETF (USD) Distributing 14.12% to 31.64% you get about 45%. So maybe HL have counted the S&P 500 tracker as "Ireland" by mistake.

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Re: LifeStrategy 100% US exposure

#353762

Postby Stonge » November 5th, 2020, 1:07 pm

Thanks all, panic over (for me).


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