L&G Emerging Markets Government Bond (USD) Index Fund
ICAV (UCITS compliant)
L&G Emerging Markets Government Bond (USD) Index Fund
I-Class GBP (Unhedged) Accumulation
ISINIE00BMGRBH20
Price
ISINIE00BMGRBH20
Price
Fund aim
The Fund aims to track the performance of the Emerging Markets government bond market as represented by the JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified (the "Index").
Fund snapshot
- What does it invest in? Invests primarily in US dollar-denominated bonds that make up the index, issued by governments of a broad range of developing countries. These bonds will be a mixture of sub-investment grade (higher risk), investment grade (lower risk) and non-rated bonds. The fund may also use derivatives.
- How does it invest? Passively managed, aiming to replicate the performance of the index.
Fund facts
Fund size | $509.4m |
Base currency | USD |
Fund launch date | 2 Mar 2018 |
Domicile | Ireland |
Share class launch | 27 Aug 2020 |
Modified duration | 6.70 years |
Gross redemption yield (unhedged) | 6.93% |
Benchmark
JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified Index
Costs
Initial charge | 0.00% |
Ongoing charges figure | 0.29% |
Dilution levy | 0.406% - round trip |
Entry anti-dilution levy | 0.40% |
Exit anti-dilution levy | 0.00% |
Performance
Performance scenarios
Example investment:10,000 GBP
Scenarios | 1 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 costs | 4,940GBP | 5,730GBP |
Average return each year (%) | -50.56 | -10.54 | |
Unfavourable scenario | What you might get back after costs | 8,970GBP | 6,540GBP |
Average return each year (%) | -10.27 | -8.14 | |
Moderate scenario | What you might get back after costs | 10,240GBP | 13,650GBP |
Average return each year (%) | 2.37 | 6.42 | |
Favourable scenario | What you might get back after costs | 14,130GBP | 18,000GBP |
Average return each year (%) | 41.30 | 12.47 |
There is no minimum guaranteed return. You could lose some or all of your investment.
Portfolio breakdown
As at 31 Jan 2024
Top 10 holdings | 4.8% |
---|---|
Rest of portfolio | 95.2% |
No. of issuers in fund | 162 |
---|---|
No. of issuers in index | 165 |
Top 10 holdings (%)
Kuwait Govt Intl Bd3.5% 20 Mar 27 | 0.7 |
Uruguay Govt Intl Bd 5.1% 18 Jun 50 | 0.7 |
Ecuador Govt Intl Bd 3.5% 31 Jul 35 | 0.5 |
Argentine Govt Intl Bd 3.625% 09Jul35 | 0.5 |
Qatar Govt Intl Bd4.817% 14 Mar 49 | 0.5 |
Qatar Govt Intl Bd5.103% 23 Apr 48 | 0.4 |
Kazakhstan Govt Intl Bd 5.125% 21 Jul 25 | 0.4 |
Petronas Capital 4.55% 21 Apr 50 | 0.4 |
Poland Govt Bond 5.5% 04 Apr 53 | 0.4 |
Argentine Govt Intl Bd 0.75% 09 Jul 30 | 0.4 |
Country (%)
Mexico | 5.2 |
Saudi Arabia | 5.1 |
Indonesia | 4.8 |
Turkey | 4.5 |
United Arab Emirates | 4.3 |
China | 4.2 |
Brazil | 3.6 |
Qatar | 3.5 |
Chile | 3.4 |
Other | 61.6 |
Top 10 holdings | 4.8% |
---|---|
Rest of portfolio | 95.2% |
No. of issuers in fund | 162 |
---|---|
No. of issuers in index | 165 |
Top 10 holdings (%)
Kuwait Govt Intl Bd3.5% 20 Mar 27 | 0.7 |
Uruguay Govt Intl Bd 5.1% 18 Jun 50 | 0.7 |
Ecuador Govt Intl Bd 3.5% 31 Jul 35 | 0.5 |
Argentine Govt Intl Bd 3.625% 09Jul35 | 0.5 |
Qatar Govt Intl Bd4.817% 14 Mar 49 | 0.5 |
Qatar Govt Intl Bd5.103% 23 Apr 48 | 0.4 |
Kazakhstan Govt Intl Bd 5.125% 21 Jul 25 | 0.4 |
Petronas Capital 4.55% 21 Apr 50 | 0.4 |
Poland Govt Bond 5.5% 04 Apr 53 | 0.4 |
Argentine Govt Intl Bd 0.75% 09 Jul 30 | 0.4 |
Country (%)
Mexico | 5.2 |
Saudi Arabia | 5.1 |
Indonesia | 4.8 |
Turkey | 4.5 |
United Arab Emirates | 4.3 |
China | 4.2 |
Brazil | 3.6 |
Qatar | 3.5 |
Chile | 3.4 |
Other | 61.6 |
Years to maturity (%)
0 - 5 Years | 35.4 |
5 - 10 Years | 29.6 |
10 - 15 Years | 5.4 |
15 - 20 Years | 4.9 |
20 - 25 Years | 10.4 |
25 - 30 Years | 10.8 |
30 - 40 Years | 3.0 |
40+ Years | 0.6 |
Credit rating (%)
AA | 6.5 | |
A | 16 | |
BBB | 30.9 | |
BB | 21.4 | |
B | 16.7 | |
CCC | 4.2 | |
CC | 1.5 | |
C | 1.1 | |
DDD | 1.3 | |
Other | 0.3 |
Currency (%)
USD | 100.0 |
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
Pricing information
Price basis | Single - dilution levy |
Price time | 22:30 Irish time |
Currency | GBP |
Codes and dealing
Codes
ISIN | IE00BMGRBH20 |
SEDOL | BMGRBH2 |
Bloomberg | LGEMIGA ID |
MEX | - |
Dealing information
Valuation frequency | Daily, 22:30 Irish time |
Dealing frequency | Each Irish and UK Business Day |
Settlement period | T+2 |
Administrator/Custodian | Northern Trust |
Country registration
This share class is registered for sale in the following countries: