Emerging Market Passive Local Currency Government Bond Fund
Unit-Linked Life Insurance
Emerging Market Passive Local Currency Government Bond Fund
Fund codeXPAB
Fund codeXPAB
Fund aim
Fund characteristics
Fund facts
Fund size | €4,476.24m |
Base currency | GBP |
Domicile | United Kingdom |
Share class launch | 30/11/11 |
Modified duration | 5.03 years |
Benchmark
J.P. Morgan Government Bond Index Emerging Markets (GBI-EM) Global Diversi?ed
Performance
Portfolio breakdown
As at 31 Dec 2023
Top 10 holdings | 12.7% |
---|---|
Rest of portfolio | 87.3% |
No. of issuers in fund | 29 |
---|---|
No. of issuers in index | 21 |
Top 10 holdings (%)
Brazil Letras do Tes 0% 01 Jul 26 | 1.7 |
Brazil Letras do Tes 0% 01 Jan 26 | 1.5 |
Brazil Notas Do Tes F 10% 01 Jan 29 | 1.4 |
South Africa Govt Bd 10.5% 21 Dec 26 | 1.3 |
Brazil Notas do Tes F 10% 01 Jan 27 | 1.3 |
Brazil Notas do Tes F 10% 01 Jan 25 | 1.2 |
Mexican Bonos 5.75% 05 Mar 26 | 1.2 |
South Africa Govt Bd 8% 31 Jan 30 | 1.1 |
South Africa Govt Bd 8.75% 28 Feb 48 | 1.1 |
Brazil Letras do Tes 0% 01 Jul 25 | 1.1 |
Country (%)
China | 10.1 |
Malaysia | 10.0 |
Brazil | 9.9 |
Thailand | 9.7 |
Mexico | 9.2 |
Indonesia | 8.9 |
South Africa | 8.4 |
Poland | 7.0 |
Czech Republic | 6.2 |
Other | 20.7 |
Top 10 holdings | 12.7% |
---|---|
Rest of portfolio | 87.3% |
No. of issuers in fund | 29 |
---|---|
No. of issuers in index | 21 |
Top 10 holdings (%)
Brazil Letras do Tes 0% 01 Jul 26 | 1.7 |
Brazil Letras do Tes 0% 01 Jan 26 | 1.5 |
Brazil Notas Do Tes F 10% 01 Jan 29 | 1.4 |
South Africa Govt Bd 10.5% 21 Dec 26 | 1.3 |
Brazil Notas do Tes F 10% 01 Jan 27 | 1.3 |
Brazil Notas do Tes F 10% 01 Jan 25 | 1.2 |
Mexican Bonos 5.75% 05 Mar 26 | 1.2 |
South Africa Govt Bd 8% 31 Jan 30 | 1.1 |
South Africa Govt Bd 8.75% 28 Feb 48 | 1.1 |
Brazil Letras do Tes 0% 01 Jul 25 | 1.1 |
Country (%)
China | 10.1 |
Malaysia | 10.0 |
Brazil | 9.9 |
Thailand | 9.7 |
Mexico | 9.2 |
Indonesia | 8.9 |
South Africa | 8.4 |
Poland | 7.0 |
Czech Republic | 6.2 |
Other | 20.7 |
Years to maturity (%)
0 - 5 Years | 46.4 |
5 - 10 Years | 31.5 |
10 - 15 Years | 11.7 |
15 - 20 Years | 5.2 |
20 - 25 Years | 2.8 |
25 - 30 Years | 2.3 |
Credit rating (%)
AAA | 3 | |
AA | 6.4 | |
A+ | 1 | |
A | 27.3 | |
A- | 0.7 | |
BBB+ | 0.4 | |
BBB | 41.4 | |
BBB- | 0.1 | |
BB | 16.6 | |
Other | 3.1 |
Currency (%)
CNY | 10.1 |
MXN | 10.0 |
IDR | 10.0 |
MYR | 10.0 |
BRL | 9.9 |
THB | 9.7 |
ZAR | 8.4 |
PLN | 7.6 |
CZK | 6.2 |
Other | 18.2 |
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.
Fund managers
LGIM Index Fund 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.
Literature
Document type
Prices
Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close, daily close, or daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
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