ICAV (UCITS compliant)

L&G ESG Emerging Markets Government Bond (Local Currency) Index Fund

I-Class EUR (Unhedged) IncomeI-Class USD AccumulationC-Class GBP (Unhedged) AccumulationC-Class GBP (Unhedged) DistributionC-Class EUR (Unhedged) AccumulationC-Class USD DistributionK-Class EUR (Unhedged) AccumulationK-Class EUR (Unhedged) IncomeZ-Class GBP (Unhedged) AccumulationZ-Class EUR (Unhedged) AccumulationZ-Class USD Accumulation
ISIN
Price97.20p
As at28 Sep 2023
Price97.55c
As at28 Sep 2023
Price79.25c
As at28 Sep 2023
Price86.97c
As at28 Sep 2023
Price93.17p
As at28 Sep 2023
Price102.05p
As at28 Sep 2023
Price98.19c
As at28 Sep 2023
Price86.27c
As at28 Sep 2023
Price98.43p
As at28 Sep 2023
Price98.97c
As at28 Sep 2023
Price91.13c
As at28 Sep 2023
Price98.76p
As at28 Sep 2023
Price99.56c
As at28 Sep 2023
Price88.85c
As at28 Sep 2023

Fund facts

Fund size
$1,008.8m
Base currency
USD
Launch date
31 Jan 2019
Domicile
Ireland
Share class launch

Statistics

Modified duration
4.90 years
Gross redemption yield (unhedged)
6.37%

As at 31 Aug 2023

Fund aim

The investment objective of the Fund is to provide investors with a return in line with the Emerging Markets government bond market, as represented by the JPMorgan ESG GBI-EM Global Diversified Local Currency Index (the “Index”).

Benchmark

  • What does it invest in? Invests primarily in bonds issued in the relevant national currency by governments of developing countries as determined by the index. These bonds will be a mixture of sub-investment grade (higher risk), investment grade (lower risk) and non-rated bonds. The index includes only bonds that meet the index provider’s socially responsible investing (“SRI”) requirements and environmental, social and governance (“ESG”) rating criteria. The Fund may also use derivatives.
  • How does it invest? Passively managed, aiming to replicate the performance of the index.
  • 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.

Performance

Source: Lipper

Performance for the unit class in None, launched on . Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 unit class in None, launched on . Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 C EUR (Unhedged) Acc unit class in EUR, launched on 07 June 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 C GBP (Unhedged) Acc unit class in GBP, launched on 11 June 2020. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 C USD Dist unit class in USD, launched on 14 December 2021. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 C GBP (Unhedged) Dist unit class in GBP, launched on 23 March 2022. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 I EUR (Unhedged) Acc unit class in EUR, launched on 21 March 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 I EUR (Unhedged) Inc unit class in EUR, launched on 13 December 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 I GBP (Unhedged) Acc unit class in GBP, launched on 21 March 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 I USD Acc unit class in USD, launched on 31 October 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 K EUR (Unhedged) Acc unit class in EUR, launched on 31 January 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 K EUR (Unhedged) Inc unit class in EUR, launched on 27 March 2020. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 K GBP (Unhedged) Acc unit class in GBP, launched on 12 April 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 K GBP Inc unit class in GBP, launched on 22 December 2022. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 Z EUR (Unhedged) Acc unit class in EUR, launched on 04 March 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 Z GBP (Unhedged) Acc unit class in GBP, launched on 10 April 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 Z USD Acc unit class in USD, launched on 02 July 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

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 31 Aug 2023

    CumulativeFundBenchmark
    1 month-1.22-1.16
    6 months4.665.07
    Year to date6.547.06
    3 years1.162.73
    5 years--
    Since launch-6.84-5.48
    AnnualisedFundBenchmark
    1 year3.894.77
    3 years0.390.90
    5 years--
    Since launch-1.89-1.50

    Share class launch date: N/A

    Share class launch date: N/A

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 07 Jun 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index GBP TR

    Share class launch date: 11 Jun 2020

    Benchmark: JPMorgan ESG GBI-EM Global Diversified USD

    Share class launch date: 14 Dec 2021

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index GBP TR

    Share class launch date: 23 Mar 2022

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 21 Mar 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 13 Dec 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index GBP TR

    Share class launch date: 21 Mar 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified USD

    Share class launch date: 31 Oct 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 31 Jan 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 27 Mar 2020

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index GBP TR

    Share class launch date: 12 Apr 2019

    Share class launch date: 22 Dec 2022

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 04 Mar 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index GBP TR

    Share class launch date: 10 Apr 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified USD

    Share class launch date: 02 Jul 2019

    As at 30 Jun 2023

    CumulativeFundBenchmark
    Quarterly2.382.63
    Year to date6.066.50
    3 years-1.84-0.78
    5 years--
    Since launch-7.26-5.98
    AnnualisedFundBenchmark
    1 year7.638.52
    3 years-0.62-0.26
    5 years--
    Since launch-2.10-1.72

    Share class launch date: N/A

    Share class launch date: N/A

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 07 Jun 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index GBP TR

    Share class launch date: 11 Jun 2020

    Benchmark: JPMorgan ESG GBI-EM Global Diversified USD

    Share class launch date: 14 Dec 2021

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index GBP TR

    Share class launch date: 23 Mar 2022

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 21 Mar 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 13 Dec 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index GBP TR

    Share class launch date: 21 Mar 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified USD

    Share class launch date: 31 Oct 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 31 Jan 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 27 Mar 2020

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index GBP TR

    Share class launch date: 12 Apr 2019

    Share class launch date: 22 Dec 2022

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index EUR TR

    Share class launch date: 04 Mar 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified Local Currency Index GBP TR

    Share class launch date: 10 Apr 2019

    Benchmark: JPMorgan ESG GBI-EM Global Diversified USD

    Share class launch date: 02 Jul 2019

    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--
    20210.801.26
    2022-9.53-9.70
    20237.638.52

    Calendar year performance (%)

    FundBenchmark
    2013--
    2014--
    2015--
    2016--
    2017--
    2018--
    2019--
    2020-4.99-4.59
    2021-3.28-2.66
    2022-5.76-5.91

    Monthly performance (%)

     

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund3.890.39--1.89
    Benchmark4.770.90--1.50

    Data as at 31.08.2023

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund7.63-0.62--2.10
    Benchmark8.52-0.26--1.72

    Data as at 30.06.2023

    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): Example 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): Example 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

    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

    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): Example 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 costs6,4557,492
    Average return each year (%)-35.45-5.61
    Unfavourable scenarioWhat you might get back after costs9,0479,445
    Average return each year (%)-9.53-1.14
    Moderate scenarioWhat you might get back after costs10,25712,947
    Average return each year (%)2.575.30
    Favourable scenarioWhat you might get back after costs11,62016,808
    Average return each year (%)16.2010.94

    There is no data currently available for this share class.

    There is no data currently available for this share class.

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

    The unfavourable scenario was calculated using data from 2012-07 to 2013-08. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2012-07 to 2014-04. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2015-01 to 2019-12. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2017-07 to 2022-06. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2013-04 to 2018-03. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2015-02 to 2020-01. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2012-07 to 2013-08. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2016-07 to 2021-06. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2016-01 to 2020-12. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2012-07 to 2013-08. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2016-07 to 2021-06. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2016-01 to 2020-12. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2017-07 to 2022-06. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2012-07 to 2015-01. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2012-07 to 2016-08. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2012-07 to 2013-08. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2014-00 to 2018-11.

    The favourable scenario was calculated using data from 2015-01 to 2019-12. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2017-07 to 2022-06. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2015-08 to 2020-07. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2014-08 to 2019-07. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2017-07 to 2022-06. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2012-07 to 2015-02. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2016-01 to 2020-12. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2017-07 to 2022-06. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2012-07 to 2016-03. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2012-07 to 2016-08. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2017-07 to 2022-06. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2014-00 to 2018-11.

    The favourable scenario was calculated using data from 2015-02 to 2020-01. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2017-07 to 2022-06. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2012-07 to 2015-02. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2014-08 to 2019-07. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    There is no data currently available for this share class.

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

    The unfavourable scenario was calculated using data from 2017-07 to 2022-06. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2012-07 to 2015-01. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2012-07 to 2016-08. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2012-07 to 2013-08. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2015-09 to 2020-08. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2014-08 to 2019-07. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

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

    The unfavourable scenario was calculated using data from 2017-07 to 2022-06. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The moderate scenario was calculated using data from 2014-09 to 2019-08. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    The favourable scenario was calculated using data from 2016-01 to 2020-12. As insufficient price points were available the following benchmark/s were utilised: JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified GBP Hedged TR.

    Portfolio

    As at 31 Aug 2023. All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index.

    Currency (%)

    IDR9.9
    MXN9.7
    MYR9.7
    PLN9.6
    BRL9.5
    THB9.4
    CZK7.9
    ZAR7.9
    CNY6.6
    Other20.0

    Years to maturity (%)

    0 - 5 Years49.5
    5 - 10 Years30.2
    10 - 15 Years11.0
    15 - 20 Years5.1
    20 - 25 Years2.5
    25 - 30 Years1.8

    Credit rating (%)

    AAA2.2
    AA7.9
    A+0.4
    A27.0
    A-0.9
    BBB+0.5
    BBB42.4
    BB16.1
    BB-1.7
    Other0.8
    Top 10 holdings12.2
    Rest of portfolio87.8

    Top 10 holdings (%)

    Brazil Letras do Tes 0% 01 Jul 261.7
    Brazil Notas do Tes F 10% 01 Jan 271.4
    South Africa Govt Bd 10.5% 21 Dec 261.3
    Brazil Letras do Tes 0% 01 Jan 261.3
    Brazil Notas Do Tes F 10% 01 Jan 291.2
    Mexican Bonos 5.75% 05 Mar 261.1
    Brazil Notas do Tes F 10% 01 Jan 251.1
    South Africa Govt Bd 8% 31 Jan 301.1
    Brazil Letras do Tes 0% 01 Jul 251.0
    Indonesia Treasury Bond 6.5% 15 Jun 251.0

    Country (%)

    Malaysia9.7
    Poland9.5
    Brazil9.5
    Thailand9.4
    Mexico9.3
    Indonesia9.0
    Czech Republic7.9
    South Africa7.9
    China6.6
    Other21.4

    Management Team

    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-related Disclosures

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

    Environmental characteristics

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

    • reduction of greenhouse gas emissions intensity.
    Social characteristics

    In respect of any quasi-sovereign debt instruments only, the Fund also promotes the following other environmental and social characteristics relating to social norms and standards:

    • avoiding investments in certain fossil fuels;
    • 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 JPMorgan ESG GBI-EM Global Diversified Local Currency 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:

    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

    Issuers are excluded from the index based on the below criteria, as determined by J.P. Morgan:

    • Issuers with revenue from the Thermal Coal sector
    • Issuers not in compliance with UN Global Compact principles
    • Issuers with J.P. Morgan (JESG) scores less than 20, these issuers are not eligible for index re-inclusion for 12 months
    • Issuers associated to tobacco or weapons industries are also excluded
    JPM ESG Score

    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.

    Green bonds are bonds which are created to fund projects that have positive environmental and/or climate benefits.

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

    Additional Exclusions
    ESG Factor Evaluation
    Decarbonisation
    LGIM Coal Policy
    LGIM Controversial Weapons
    J.P. Morgan ESG Exclusions
    J.P. Morgan ESG Score
    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.

    Further information on LGIM's Sustainable Investment Methodology can be found here.

    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 7: Activities negatively affecting biodiversity-sensitive areas
    • PAI 10: Companies violating UNGC/OECD
    • PAI 14: Controversial weapons
    • PAI 15: Countries GHG emissions

    Literature

    Key literature

    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    Fact sheet
    31 Aug 2023
    KID
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    01 Jul 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID
    31 Dec 2022
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    Prospectus
    18 Jul 2023
    SFDR Product Summary (German)
    01 Jan 2023
    Non-Trading Days
    01 Jan 2023

    Fact sheets

    2023Change date
    Fact sheet
    Choose share class

    Legal documents

    KID
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    01 Jul 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID
    31 Dec 2022
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    KID
    31 Jan 2023
    KID (German)
    31 Jan 2023
    Prospectus
    18 Jul 2023
    Country Supplement - Germany
    16 Jun 2022
    Incorporation Document
    06 Jan 2022
    UK EMT costs and charges
    20 Jun 2023
    European EMT costs and charges
    20 Jun 2023

    ESG reports

    2023Change date
    ESG report
    30 Jun 2023

    Reports and accounts

    2023Change date
    Annual Report and Accounts
    31 Dec 2022
    Annual Report and Accounts
    31 Dec 2021
    Annual Report and Accounts
    31 Dec 2020
    Annual Report and Accounts
    31 Dec 2019
    Annual Report and Accounts
    31 Dec 2018
    Annual Report and Accounts
    31 Dec 2017
    Interim Report and Accounts
    30 Jun 2023
    Interim Report and Accounts
    30 Jun 2022
    Interim Report and Accounts
    30 Jun 2020
    Interim Report and Accounts
    30 Jun 2019

    Trading information

    Non-Trading Days
    01 Jan 2023

    Prices

    This fund is closed on both UK and Irish public holidays. For further details, please see the Non-Trading Days document here.

    N.B. Public Bank Holidays are greyed out in the calendar below.