Collectives

SICAV (UCITS compliant)

L&G Euro High Alpha Corporate Bond Fund

I-Class GBP (Hedged) Accumulation

ISINLU1003763429

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 objective while maintaining a lower weighted average carbon intensity than the Benchmark Index.

The Fund is actively managed and seeks to achieve  this objective by investing at least 80% of its assets in a variety of Euro denominated fixed interest instruments such as corporate bonds, other fixed or floating-rate debt securities and short-term debt securities. These may include asset-backed securities, mortgage-backed securities (residential & commercial), convertible securities and contingent convertible debt securities.

Fund snapshot

  • What does it invest in? Invests predominantly in fixed income securities including corporate bonds and other debt instruments, issued globally and denominated predominantly in Euros, but also in other currencies.
  • How does it invest? Actively managed, investing primarily in debt with an investment grade (rated as lower risk) credit rating. May also invest in other types of securities and derivatives. The Fund will typically have higher exposure to assets the Manager believes will generate a higher level of income, relative to other L&G Euro corporate bond funds.
  • 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€580.9m
Base currencyEUR
Fund launch date8 Dec 2014
DomicileLuxembourg
Share class launch15 Dec 2023
Modified duration4.55 years
Gross redemption yield (unhedged)3.95%
As at 29 Feb 2024

Benchmark

Markit iBoxx Euro Corporates Total Return Index

Costs

Initial charge0.00%
Ongoing charges figure0.48%
Dilution adjustment0.436% - round trip

Performance

As this share class has been in existence for less than three months, there is insufficient data to provide a useful indication of past performance.

Performance scenarios

Data for this share class isn't currently available.

Portfolio breakdown

As at 29 Feb 2024

Top 10 issuers19.6%
Rest of portfolio80.4%
No. of issuers168

Top 10 issuers (%)

Credit Mutuel3.2
BNP Paribas2.2
Federal Republic of Germany2.2
Verizon Communications2.1
UBS Group1.9
Jyske Bank1.8
Morgan Stanley1.8
JPMorgan Chase & Co1.5
LVMH Moet Hennessy Louis Vuitton1.4
Booking Holdings1.4

Currency (%)

EUR
98.4
GBP
0.8
USD
0.8
This is the currency breakdown before allowing for any hedging the fund may use. We aim to hedge the portfolio 100% back to the base currency.

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

Fund managers

Marc Rovers headshot

Marc Rovers

Marc Rovers's award

Marc is head of the Euro credit portfolio management team. He joined LGIM in May 2012 as a portfolio manager in the Pan European Credit team. Marc previously spent 12 years at Blackrock, first as a senior portfolio manager within Philips Investment Management in Eindhoven and then as Director, Investment Manager in London, where he was responsible for the non-financials management of investment grade portfolios and was a portfolio manager for two Asian credit portfolios. Marc started in the industry in 1995 as a portfolio manager at ABP investments (now APG). He graduated from Tilburg University, Netherlands with an MSc in economics and is a Certified European Financial Analyst (CEFA).

Connor Olvany headshot

Connor Olvany

Connor is a Euro Credit Portfolio Manager in LGIM’s European Credit team, having joined LGIM in May 2014. Before joining the team Connor worked in the Global Buy & Maintain team managing client portfolios. He transferred to London from the LGIMA office in Chicago where he was a portfolio manager in the Active Fixed Income team. Prior to LGIM, Connor worked in fixed income sales at RBS Securities. Connor has BA degrees in Mathematics and Economics from Williams College.

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 time16:00 CET
CurrencyGBP
Monthly price history

Codes and dealing

Codes

ISINLU1003763429
SEDOLBLC8KH5
BloombergLGEHAIG LX
MEX-

Dealing information

Valuation frequencyDaily, 16:00 CET
Dealing frequencyEach Business Day
Settlement periodT+3
Administrator/CustodianNorthern Trust

Country registration

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

Luxembourg
Switzerland