Collectives

SICAV (UCITS compliant)

L&G Future World Global Credit Fund

I-Class EUR (Hedged) Accumulation

ISINLU2454004545

Price

Fund aim

The Fund aims to produce a return derived from capital growth and income by investing in fixed and floating-rate securities. The Fund aims to deliver this objective while decarbonising the portfolio over time, targeting a 50% reduction in weighted average carbon intensity by 2030, compared to a December 2019 baseline level.

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 US Dollar but also in Euro and Sterling.
  • 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 also seek to reflect the Investment Manager’s long-term thematic views including risks relating to climate change, and environmental, social and governance (ESG) factors are integrated into the Fund's investment process.
  • 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$304.8m
Base currencyUSD
Fund launch date11 Jul 2018
DomicileLuxembourg
Share class launch17 Aug 2022
Modified duration8.67 years
Gross redemption yield (unhedged)4.54%
As at 31 Jan 2024

Costs

Initial charge0.00%
Ongoing charges figure0.24%
Dilution adjustment0.706% - round trip

Performance

Performance for the I EUR (Hedged) Acc unit class in EUR, launched on 17 August 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:17 Aug 2022
Share class launch date:17 Aug 2022
    Share class launch date:17 Aug 2022

    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 costs6,610EUR6,820EUR
    Average return each year (%)-33.89EUR-7.38EUR
    Unfavourable scenario
    What you might get back after costs7,960EUR9,230EUR
    Average return each year (%)-20.42EUR-1.60EUR
    Moderate scenario
    What you might get back after costs10,270EUR12,130EUR
    Average return each year (%)2.73EUR3.94EUR
    Favourable scenario
    What you might get back after costs11,150EUR15,990EUR
    Average return each year (%)11.55EUR9.84EUR

    Portfolio breakdown

    As at 31 Jan 2024

    Top 10 issuers8.5%
    Rest of portfolio91.5%
    No. of issuers267

    Top 10 issuers (%)

    Prologis1.1
    Vodafone Group1.0
    Anheuser-Busch InBev0.9
    Siemens0.9
    Berkshire Hathaway0.8
    Sempra0.8
    Novartis0.8
    Diageo0.7
    Morgan Stanley0.7
    AT&T0.7

    Sector (%)

    Real Estate
    13.5
    Consumer Goods
    12.1
    Utilities
    9.5
    Consumer Services
    9.3
    Health Care
    9.0
    Industrials
    8.7
    Banks
    8.4
    Insurance
    7.3
    Financial Services
    7.2
    Other
    15.1

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

    Fund managers

    Maurice Browne headshot

    Maurice Browne

    Maurice is the portfolio manager for our buy and maintain strategy in the Global Fixed Income team. Maurice joined LGIM in March 2013 from Aviva Investors where he worked for over six years as a credit portfolio manager. At Aviva he managed a range of sterling, euro and global credit portfolios including buy and maintain strategies. Maurice began his investment career in 2001 as a credit analyst and subsequently a manager of global credit portfolios at Merrill Lynch Investment Managers. Maurice graduated from the University of Cambridge and holds an MA in economics. He is also a CFA charterholder.

    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

    Download full price history

    Codes and dealing

    Codes

    ISINLU2454004545
    SEDOLBPSJLC2
    BloombergLGWGCIH 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:

    Belgium
    Denmark
    Finland
    France
    Germany
    Ireland
    Italy
    Luxembourg
    Netherlands
    Norway
    Sweden
    Switzerland
    United Kingdom