Collectives

SICAV (UCITS compliant)

L&G Net Zero Global Corporate Bond Fund

I-Class EUR (Hedged) Accumulation

ISINLU2463931928

Price

Fund aim

The objective of the Fund is to provide long term return consisting of a combination of capital growth and income. The Fund aims to deliver this whilst investing in line with the Investment Manager’s Net Zero Framework. The Fund is actively managed and seeks to achieve this objective by investing in a broad range of bonds and bond-related instruments of which at least 80% will be denominated in USD, Euro and GBP.

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 portfolio of fixed income securities with a focus Net Zero temperature goals along with carbon reduction targets compared to the benchmark. 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$50.7m
Base currencyUSD
Fund launch date10 May 2022
DomicileLuxembourg
Share class launch10 May 2022
Modified duration6.69 years
Gross redemption yield (unhedged)5.08%
As at 31 Jan 2024

Benchmark

Bloomberg Barclays USD/EUR/GBP Corporates 1% issuer capped index USD Hedged

Costs

Initial charge0.00%
Ongoing charges figure0.44%
Dilution adjustment0.348% - round trip

Performance

Performance for the I EUR (Hedged) Acc unit class in EUR, launched on 10 May 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:10 May 2022
Benchmark:Bloomberg Barclays USD/EUR/GBP Corporates 1% issuer capped index USD Hedged
Share class launch date:10 May 2022
Benchmark:Bloomberg Barclays USD/EUR/GBP Corporates 1% issuer capped index USD Hedged
    Share class launch date:10 May 2022
    Benchmark:Bloomberg Barclays USD/EUR/GBP Corporates 1% issuer capped index USD Hedged

    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 EUR

    Scenarios1 year(Recommended holding period) 5 years
    Minimum

    There is no minimum guaranteed return. You could lose some or all of your investment.

    Stress scenario
    What you might get back after costs7,940EUR7,610EUR
    Average return each year (%)-20.57EUR-5.31EUR
    Unfavourable scenario
    What you might get back after costs8,120EUR8,970EUR
    Average return each year (%)-18.77EUR-2.15EUR
    Moderate scenario
    What you might get back after costs10,200EUR11,400EUR
    Average return each year (%)2.04EUR2.66EUR
    Favourable scenario
    What you might get back after costs11,030EUR12,840EUR
    Average return each year (%)10.29EUR5.12EUR

    Portfolio breakdown

    As at 31 Jan 2024

    Top 10 issuers28.0%
    Rest of portfolio72.0%
    No. of issuers206

    Top 10 issuers (%)

    United States of America7.2
    Morgan Stanley3.4
    Bank of America3.1
    JPMorgan Chase & Co2.5
    Goldman Sachs Group2.3
    UBS Group2.1
    Volkswagen2.0
    Credit Agricole Group1.9
    Groupe BPCE1.8
    Pfizer1.7

    Currency (%)

    USD
    65.6
    EUR
    22.2
    GBP
    12.0
    Other
    0.0
    This is the currency breakdown before allowing for any hedging the fund may use.

    All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    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.

    Sustainability

    SFDR categorisation

    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
    CurrencyEUR
    Monthly price history

    Codes and dealing

    Codes

    ISINLU2463931928
    SEDOL-
    Bloomberg-
    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:

    Denmark
    Finland
    Germany
    Ireland
    Italy
    Luxembourg
    Norway
    Spain
    Sweden
    United Kingdom