ETF (UCITS compliant)

L&G ESG Emerging Markets Corporate Bond (USD) UCITS ETF

Fund facts

Fund size*
£603.2m
€702.0m
$752.9m
$752.9m
CHF683.1m
CHF683.1m
Share class size*
£6.7m
€172.8m
$72.0m
$195.5m
CHF250.0m
CHF14.7m
Base currency
USD
Listing date
15 Dec 2021
Domicile
Ireland
Index ticker
JPEIBDCM
Replication method
Physical - optimised

Statistics

*As at 02 Jun 2023
*As at 02 Jun 2023
*As at 02 Jun 2023
*As at 02 Jun 2023
*As at 02 Jun 2023
*As at 02 Jun 2023

Fund aim

The L&G ESG Emerging Markets Corporate Bond (USD) UCITS ETF (the "ETF") aims to track the performance of the J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index (the “Index”).

  • The L&G ESG Emerging Markets Corporate Bond (USD) UCITS ETF aims to provide exposure to liquid, US Dollar denominated emerging market fixed and floating-rate debt instruments issued by corporates.
  • Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics which are met by tracking the Index. Further information on how such characteristics are met by the Fund can be found in the Fund Supplement.

J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index

The Index tracks the performance of eligible liquid, US Dollar-denominated, emerging market, fixed and floating-rate, debt instruments issued by corporate entities. The index applies an ESG scoring and screening methodology to tilt toward issuers ranked higher on ESG criteria and green bond issues, and to underweight and remove issuers that rank lower.

Index data

Provider
J.P. Morgan
Bloomberg code
JPEIBDCM
Reuters code
.JPEIBDCM
Type
Total Return
Website
https://www.jpmorgan.com/insights/research/index-research/composition-docs

Performance

Source: Lipper.

Performance for the CHF Hedged Accumulating ETF class in CHF, listed on 24 August 2021. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the CHF Hedged Distributing ETF class in CHF, listed on 24 March 2022. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the EUR Hedged Accumulating ETF class in EUR, listed on 24 August 2021. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the GBP Hedged Distributing ETF class in GBP, listed on 15 December 2021. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the USD Accumulating ETF class in USD, listed on 03 June 2021. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance for the USD Distributing ETF class in USD, listed on 21 January 2021. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Apr 2023

    CumulativeFundBenchmark
    1 month0.67-0.69
    6 months8.04-1.44
    Year to date1.67-0.71
    3 years--
    5 years--
    Since launch-14.22-5.82
    AnnualisedFundBenchmark
    1 year-2.88-3.59
    3 years--
    5 years--
    Since launch--3.49

    As at 31 Dec 2022

    CumulativeFundBenchmark
    Quarterly3.90-3.54
    Year to date-14.00-6.37
    3 years--
    5 years--
    Since launch-15.62-5.15
    AnnualisedFundBenchmark
    1 year-14.00-6.37
    3 years--
    5 years--
    Since launch--3.81
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    FundBenchmark
    2014--
    2015--
    2016--
    2017--
    2018--
    2019--
    2020--
    2021--
    2022--
    2023-6.12-0.18

    Calendar year performance (%)

    FundBenchmark
    2013--
    2014--
    2015--
    2016--
    2017--
    2018--
    2019--
    2020--
    2021--
    2022-14.00-6.37

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-2.88---
    Benchmark-3.59---3.49

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-14.00---
    Benchmark-6.37---3.81

    Performance scenarios

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment €10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment £10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment $10,000

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment $10,000

    ScenariosIf you exit after 1 yearIf you exit after RHP
    MinimumThere is no minimum guaranteed return. You could lose some or all of your investment.
    Stress scenarioWhat you might get back after costs7,261.236,796.55
    Average return each year (%)-27.39-7.43
    Unfavourable scenarioWhat you might get back after costs8,540.668,540.66
    Average return each year (%)-14.59-3.11
    Moderate scenarioWhat you might get back after costs10,477.0412,536.08
    Average return each year (%)4.774.62
    Favourable scenarioWhat you might get back after costs11,642.5413,921.79
    Average return each year (%)16.436.84

    The stress scenario shows what you might get back in extreme market circumstances.

    Unfavourable Scenario: This type of scenario occurred for an investment between 2021-06-30 to 2022-06-30

    Moderate Scenario: This type of scenario occurred for an investment between 2014-08-31 to 2019-08-31

    Favourable Scenario: This type of scenario occurred for an investment between 2016-01-31 to 2021-01-31

    The stress scenario shows what you might get back in extreme market circumstances.

    Unfavourable Scenario: This type of scenario occurred for an investment between 2021-06-30 to 2022-06-30

    Moderate Scenario: This type of scenario occurred for an investment between 2014-08-31 to 2019-08-31

    Favourable Scenario: This type of scenario occurred for an investment between 2016-01-31 to 2021-01-31

    The stress scenario shows what you might get back in extreme market circumstances.

    Unfavourable Scenario: This type of scenario occurred for an investment between 2021-06-30 to 2022-06-30

    Moderate Scenario: This type of scenario occurred for an investment between 2014-08-31 to 2019-08-31

    Favourable Scenario: This type of scenario occurred for an investment between 2016-01-31 to 2021-01-31

    The stress scenario shows what you might get back in extreme market circumstances.

    Unfavourable Scenario: This type of scenario occurred for an investment between 2021-06-30 to 2022-06-30

    Moderate Scenario: This type of scenario occurred for an investment between 2014-08-31 to 2019-08-31

    Favourable Scenario: This type of scenario occurred for an investment between 2016-01-31 to 2021-01-31

    The stress scenario shows what you might get back in extreme market circumstances.

    Unfavourable Scenario: This type of scenario occurred for an investment between 2021-06-30 to 2022-06-30

    Moderate Scenario: This type of scenario occurred for an investment between 2014-08-31 to 2019-08-31

    Favourable Scenario: This type of scenario occurred for an investment between 2016-01-31 to 2021-01-31

    The stress scenario shows what you might get back in extreme market circumstances.

    Unfavourable Scenario: This type of scenario occurred for an investment between 2021-06-30 to 2022-06-30

    Moderate Scenario: This type of scenario occurred for an investment between 2014-08-31 to 2019-08-31

    Favourable Scenario: This type of scenario occurred for an investment between 2016-01-31 to 2021-01-31

    Portfolio

    As at 30 Apr 2023. All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding.

    The breakdowns below relate to the Index. The ETF’s portfolio may deviate from the below.

    Currency (%)

    USD100.0

    Years to maturity (%)

    0 - 5 Years64.7
    5 - 10 Years22.0
    10 - 15 Years2.4
    15 - 20 Years2.7
    20 - 25 Years3.0
    25 - 30 Years4.6
    30 - 40 Years0.3
    40+ Years0.3

    Credit rating (%)

    AA8.1
    A23.1
    BBB35.4
    BB20.6
    BB-0.1
    B8.9
    CCC2.0
    NR0.1
    Undefined1.7
    Other0.1

    Country (%)

    Brazil9.6
    Mexico8.2
    China8.1
    Hong Kong7.3
    United Arab Emirates6.9
    India5.8
    Korea5.8
    United Kingdom5.3
    Saudi Arabia4.6
    Other38.5
    Top 10 holdings4.5
    Rest of portfolio95.5
    No. of holdings in ETF923
    No. of constituents in Index1,022

    Top 10 holdings (%)

    Top 10 holdings (%)

    Standard Chartered 6.301% 09 Jan 290.6
    Prosus 3.68% 21 Jan 300.5
    Standard Chartered 7.767% 16 Nov 280.5
    Standard Chartered 6.17% 09 Jan 270.5
    Standard Chartered 2.678% 29 Jun 320.4
    Altice Financing 5.75% 15 Aug 290.4
    America Movil SAB 6.125% 30 Mar 400.4
    Teva Pharma 3.15% 01 Oct 260.4
    Greensaif Pipeline BS 6.129% 23 Feb 380.4
    SK Hynix 6.5% 17 Jan 330.4

    Income

    Latest dividends

    of

    Dividend history

    Total dividends paid in each financial year of the fund.

    Investment Manager

    The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.

    LGIMIndex Fund Management Team

    Sustainability

    SFDR categorisation: Article 8Article 8: These funds promote environmental and/or social characteristics

    Environmental characteristics

    The Fund promotes the following environmental characteristics related to climate change:

    • Reduction of greenhouse gas emission;
    • Avoiding investments in certain fossil fuels; and
    • Support of renewable energy.

    The Fund also promotes the following other environmental characteristics:

    • Support of biodiversity and responsible land use; and
    • Reduction of emissions to water and support of water management.
    Social characteristics

    The Fund promotes the following social characteristics relating to social norms and standard:

    • Human rights, labour rights and anti-corruption as set out in the principles of the UN Global Compact, and
    • Avoiding the financing of controversial weapons.

    The Fund promotes the above-mentioned characteristics by tracking the J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and social characteristics promoted by the Fund. Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.

    The Fund follows the following sustainability-related investment strategy by tracking the Index that applies:

    Battery Value-Chain Theme
    Clean Water Theme
    Clean Energy Theme
    Hydrogen Economy Theme
    Healthcare Breakthrough Theme
    Pharma Breakthrough Theme
    Green Bonds
    RAFI ESG Score
    RAFI Exclusions
    Solactive PAB Optimisation
    Solactive Exclusions
    Net Zero
    SDG Alignment
    Carbon Emissions Intensity Target
    LGIM ESG Score
    LGIM's Future World Protection List
    LGIM's Climate Impact Pledge
    Foxberry Paris Aligned
    MSCI Exclusions
    MSCI ESG Score
    JPM Exclusions
    JPM ESG Score
    Additional Exclusions
    ESG Factor Evaluation
    Decarbonisation
    LGIM Coal Policy
    LGIM Controversial Weapons
    J.P. Morgan ESG Exclusions

    The Index:

    • excludes issuers with revenue from thermal coal, oil sands, tobacco and weapons sectors,
    • excludes issuers not in compliance with the United Nations Global Compact principles, as determined by the Index provider’s methodology, and
    • excludes issuers with J.P. Morgan (JESG) scores less than 20, these issuers are not eligible for index re-inclusion for 12 months.
    J.P. Morgan ESG Score

    The Index positively tilts towards issuers ranked higher on ESG criteria and underweights lower ranking issuers. The Index applies JESG issuer scores to adjust the market value of index constituents from the baseline index. JESG issuer scores are a 0-100 percentile rank calculated based on normalized raw ESG scores from third-party research providers, including Sustainalytics and RepRisk. An issuer’s finalized JESG score incorporates a 3-month rolling average. Quasi-Sovereign issuers with no coverage from either third-party research provider default to their sovereign JESG score. The JESG scores are divided into five bands that are used to scale each issue’s baseline index market value, with the band rebalance occurring on a quarterly basis.

    JESG Score Bands Scalar

    Band 1: Score > 80 1.00

    Band 2: 60 < Score <= 80 0.80

    Band 3: 40 < Score <= 60 0.60

    Band 4: 20 < Score <= 40 0.40

    Band 5: Score <= 20 0.00

    Issuers in Band 5 will be excluded from the index and will not be eligible for twelve months. If an instrument is categorized as a “green bond” by the Climate Bonds Initiative, the security will receive a one-band upgrade. Green bonds upgrades may happen intra quarter. Green bonds by issuers already in Band 1 will not receive any further upgrades.

    Additionally, the Index incorporates positive screening techniques whereby ‘green’ bonds (bonds which are created to fund projects that have positive environmental and/ or climate benefits) of the same issuer are prioritised by the Index.

    Further information on the index methodology can be found at: https://www.jpmorgan.com/insights/research/index-research/composition-docs

    FTSE ESG Exclusions
    ROBO Global ESG Policy
    Solactive ESG Exclusions
    Solactive ESG Enhanced Exclusions
    Nasdaq ESG Exclusions
    Stoxx Exclusions
    Taxonomy

    While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR. Accordingly, it should be noted that the investments underlying the Fund do not take into account the EU criteria for environmentally sustainable economic activities within the meaning of the Taxonomy Regulation.

    Sustainable Investments

    While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR.

    Principal Adverse Impacts

    The Fund considers principal adverse impacts on sustainability factors and LGIM has identified a subset of the adverse sustainability indicators that are relevant to the Fund’s investments. The Fund considers principal adverse impacts, identified using the below listed sustainability indicators, through the implementation of the Fund’s ESG investment strategy.

    • PAI 1: GHG emissions
    • PAI 2: Carbon footprint
    • PAI 3: GHG intensity of companies
    • PAI 4: Exposure to fossil fuel companies
    • PAI 5: Share of non-renewable energy
    • PAI 7: Activities negatively affecting biodiversity-sensitive areas
    • PAI 8: Emissions to water
    • PAI 10: Companies violating UNGC/OECD
    • PAI 14: Controversial weapons

    Literature

    Prices

    Name
    GBP Hedged Dist
    Currency
    GBP
    NAV
    8.44
    Price time
    16:00 EST (NY)
    Name
    EUR Hedged Acc
    Currency
    EUR
    NAV
    8.50
    Price time
    16:00 EST (NY)
    Name
    USD Acc
    Currency
    USD
    NAV
    9.01
    Price time
    16:00 EST (NY)
    Name
    USD Dist
    Currency
    USD
    NAV
    8.42
    Price time
    16:00 EST (NY)
    Name
    CHF Hedged Acc
    Currency
    CHF
    NAV
    8.42
    Price time
    16:00 EST (NY)
    Name
    CHF Hedged Dist
    Currency
    CHF
    NAV
    9.02
    Price time
    16:00 EST (NY)

    Further details

    Charges

    TER
    0.38%

    Management / administration

    Issuer
    Legal & General UCITS ETF Plc
    Depositary and Trustee
    The Bank of New York Mellon SA/NV, Dublin Branch
    Securities regulator
    Central Bank of Ireland

    Country registration

    This share class is registered for sale in the following countries:

    Listings

    Details
    Codes
    ExchangeCurrencyTickerListing dateISINBloomberg codeReuters codeTrading hours (local)
    SIX Swiss ExchangeCHFEMHC24/08/2021IE0007EH5UK6EMHC SWEMHC.S09:00 - 17:30
    Details
    Codes
    ExchangeCurrencyTickerListing dateISINBloomberg codeReuters codeTrading hours (local)
    Details
    Codes
    ExchangeCurrencyTickerListing dateISINBloomberg codeReuters codeTrading hours (local)
    SIX Swiss ExchangeEUREMMH24/08/2021IE000ZO4CUT7EMMH SWEMMH.S09:00 - 17:30
    Details
    Codes
    ExchangeCurrencyTickerListing dateISINBloomberg codeReuters codeTrading hours (local)
    Details
    Codes
    ExchangeCurrencyTickerListing dateISINBloomberg codeReuters codeTrading hours (local)
    London Stock ExchangeGBPEMAG03/06/2021IE00BLCGR455EMAG LNEMAG.MI08:00 - 16:30
    London Stock ExchangeUSDEMAU03/06/2021IE00BLCGR455EMAU LNEMUA.L08:00 - 16:30
    SIX Swiss ExchangeCHFEMAU17/11/2021IE00BLCGR455EMAU SWEMAU.S09:00 - 17:30
    Details
    Codes
    ExchangeCurrencyTickerListing dateISINBloomberg codeReuters codeTrading hours (local)
    Deutsche Börse XetraEUREMAB21/01/2021IE00BLRPRF81EMAB GYEMAB.DE09:00 - 17:30
    London Stock ExchangeGBPEMUG21/01/2021IE00BLRPRF81EMUG LNEMUG.L08:00 - 16:30
    London Stock ExchangeUSDEMUS21/01/2021IE00BLRPRF81EMUS LNEMUS.L08:00 - 16:30
    Borsa ItalianaEUREMUS21/01/2021IE00BLRPRF81EMUS IMEMUSE.MI09:00 - 17:30
    SIX Swiss ExchangeCHFEMUS04/05/2021IE00BLRPRF81EMUS SWEMUSG.S09:00 - 17:30

    Key risks

    The value of an investment and any income taken from it is not guaranteed and can go down as well as up. You may not get back the amount you originally invested.

    Past performance is not a guide to the future.

    For more information, please refer to the key investor information document.

    Important information

    In the United Kingdom and outside the European Economic Area, it is issued by Legal & General Investment Management Limited, authorised and regulated by the Financial Conduct Authority, No. 119272. Registered in England and Wales No. 02091894 with registered office at One Coleman Street, London, EC2R 5AA.

    In the European Economic Area, it is issued by LGIM Managers (Europe) Limited, authorised by the Central Bank of Ireland as a UCITS management company (pursuant to European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011), as amended) and as an alternative investment fund manager with “top up” permissions which enable the firm to carry out certain additional MiFID investment services (pursuant to the European Union (Alternative Investment Fund Managers) Regulations 2013 (S.I. No. 257 of 2013), as amended). Registered in Ireland with the Companies Registration Office (No. 609677). Registered Office: 70 Sir John Rogerson’s Quay, Dublin, 2, Ireland. Regulated by the Central Bank of Ireland (No. C173733).

    LGIM Managers (Europe) Limited operates a branch network in the European Economic Area, which is subject to supervision by the Central Bank of Ireland. In Italy, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Commissione Nazionale per le società e la Borsa (“CONSOB”) and is registered with Banca d’Italia (no. 23978.0) with registered office at Via Uberto Visconti di Modrone, 15, 20122 Milan, (Companies’ Register no. MI - 2557936). In Germany, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the German Federal Financial Supervisory Authority (“BaFin”). In the Netherlands, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Dutch Authority for the Financial Markets (“AFM“) and it is included in the register held by the AFM and registered with the trade register of the Chamber of Commerce under number 74481231. Details about the full extent of our relevant authorisations and permissions are available from us upon request.

    We are a member of the Irish Funds Association.

    All features described on this website are those current at the time of publication and may be changed in the future. Nothing on this website should be construed as advice and it is therefore not a recommendation to buy or sell securities. If in doubt about the suitability of this product, you should seek professional advice. Copies of the prospectus, key investor information document, annual and semi-annual reports & accounts are available free of charge on request or at www.lgimetf.com.

    This website is only directed at investors resident in jurisdictions where our funds are registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.

    Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.

    Source and third party data

    Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.

    Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data

    Index disclaimer

    Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior written approval. Copyright 2021, J.P. Morgan Chase & Co. All rights reserved.