Collectives

SICAV (UCITS compliant)

L&G Global Diversified Credit SDG Fund

I-Class USD Accumulation

ISINLU2383325169

Price91.83c12 Oct 2023

Fund aim

The objective of the Fund is to provide long term return consisting of a combination of capital growth and income.

The Fund is actively managed and seeks to achieve its objective by investing in a broad range of fixed income securities issued primarily in US Dollar, Sterling or Euro by developed, developing and emerging market governments and corporates.

Fund snapshot

  • What does it invest in? Invests predominately in fixed income securities, including bonds and other debt instruments, issued in a variety of currencies by companies and governments world wide.
  • How does it invest? Actively managed, investing in global diversified portfolio of fixed income securities include Emerging Markets high yield and credit debt. The fund will make use of derivatives for investment purposes or for efficient portfolio management.
  • Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics. Further information on how such characteristics are met by the Fund can be found in the Supplement.

Fund facts

Fund size$532.7m
Base currencyUSD
Fund launch date9 Dec 2021
DomicileLuxembourg
Share class launch2 Feb 2022
Modified duration4.15 years
Gross redemption yield (unhedged)5.48%
As at 31 Aug 2023

Benchmark

Composite

Composite benchmark consists of: 40% blended 50/50 benchmark comprising the JPM EMBI Global Diversified 3-5 Years Index (sovereign) and the JPM CEMBI Diversified 3-5 Years Index (corporate); 40% Bank of America Merrill Lynch Global High Yield BB-B Rated 2% Constrained Ex-Financial Index; and 20% Bloomberg Barclays USD/EUR/GBP Corporates 1% issuer capped.

Costs

Initial charge0.00%
Ongoing charges figure0.46%
Dilution adjustment0.772% - round trip
Swing factor0.386%

Performance

Performance for the I USD Acc unit class in USD, launched on 02 February 2022. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.
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.
Share class launch date:02 Feb 2022
Benchmark:Composite
Share class launch date:02 Feb 2022
Benchmark:Composite
    Share class launch date:02 Feb 2022
    Benchmark:Composite

    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 with input from the over the last 10 years. Markets could develop very differently in the future.

    Example investment:10,000 USD

    Data for the selected period isn't currently available

    Fund managers

    Matthew Rees headshot

    Matthew Rees

    Matthew was appointed Head of Global Bond Strategies in September 2019. Prior to this he was co-head of the Euro credit portfolio management team, responsible for Euro-benchmarked and absolute return funds. He joined LGIM in March 2009 as a senior research analyst responsible for covering financial institutions and joined the Euro credit portfolio management team in February 2011. Prior to this Matthew spent three years as a Partner at Banquo Credit Management (a multibillion euro absolute return investment manager) and four years at UBS as Head of Financial Institutions Ratings Advisory. Matthew has more than 20 years’ experience in financial services and graduated from the University of York with a BA (hons) in English. He qualified as a chartered accountant with Coopers & Lybrand in 1996.

    Tony Fan headshot

    Tony Fan

    Tony became the head of quantitative strategies in the Global Bond Strategies team in 2015 with a primary focus on multi-strategy and absolute return mandates. Prior to this, he had overall responsibility for the quantitative work in LGIM's global credit team where he maintained and developed quantitative models used in trading and risk management. Tony joined LGIM in November 2010 from Credit Suisse Securities where he had a summer internship in the fixed income division. Previously, Tony worked for LGIM’s fixed income department from July 2009 to June 2010. Tony graduated with distinction from the London School of Economics with an MSc in finance in June 2009. He also has a bachelor’s degree from National University of Singapore.

    Sustainability

    SFDR categorisation

    SFDR Product Summary (Italian)

    LGIME PAI entity report

    Environmental characteristics
    Social characteristics

    No reference benchmark has been designated for the purpose of attaining the environmental or 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.

    Literature

    Prices

    Pricing information

    Price basisSingle swing
    Price time23:00 CET
    CurrencyUSD
    Monthly price history

    Download full price history

    Codes and dealing

    Codes

    ISINLU2383325169
    SEDOLBMCP7K5
    BloombergLGDCSIU LX
    MEX-

    Dealing information

    Valuation frequencyDaily, 23:00 CET
    Dealing frequencyEach Business Day
    Settlement periodT+3
    Administrator/CustodianNorthern Trust

    Country registration

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

    Germany
    Ireland
    Italy
    Luxembourg
    Spain
    Switzerland
    United Kingdom

    For valuations and account queries contact:

    Legal & General ICAV
    Northern Trust International Fund Administration Services (Ireland) Limited
    City East Plaza - Block A
    Towlerton
    Ballysimon Road
    Limerick
    Ireland
    V94 X2N9
    Fax: +353 1 434 5293
    Telephone: +353 1 434 5080
    Email: [email protected]

    Legal & General SICAV
    Northern Trust Global Services SE
    10 Rue du Château d'Eau
    L-3364 Leudelange
    Grand-Duché de Luxembourg
    Fax: +352 28 294 454
    Telephone: +352 28 294 123
    Email: [email protected]

    For Facilities agent services contact:

    FE fundinfo
    Email: [email protected]

    Important information

    This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.

    No investment decisions should be made without first reviewing the key information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.

    Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.

    This information is only directed at investors resident in jurisdictions where each fund is 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.

    All information detailed on this website is current at the time of publication and may be changed in the future.

    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.

    Issuer

    Issued by LGIM Managers (Europe) Limited as management company for this fund. Registered in Ireland No. 609677. Registered Office: 33/34 Sir John Rogerson’s Quay, Dublin, 2, Ireland. Authorised and Regulated by the Central Bank of Ireland No. C173733.

    Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.