L&G India INR Government Bond UCITS ETF

ETF (UCITS compliant)
L&G India INR Government Bond UCITS ETF
The L&G India INR Government Bond UCITS ETF is the first ETF in Europe to provide dedicated exposure to India government bonds, a convenient and transparent way for investors to gain exposure to the country’s growing local-currency government bond market.
The L&G India INR Government Bond UCITS ETF is the first ETF in Europe to provide dedicated exposure to India government bonds, a convenient and transparent way for investors to gain exposure to the country’s growing local-currency government bond market.
ISINIE00BL6K6H97
Price$8.6912 Oct 2023
TER0.39%
ISINIE00BL6K6H97
Price$8.6912 Oct 2023
TER0.39%
Fund aim
The L&G India INR Government Bond UCITS ETF (the “ETF”) aims to track the performance of the J.P. Morgan India Government Fully Accessible Route (FAR) Bonds Index (the “Index”).
Fund snapshot
The L&G India INR Government Bond UCITS ETF aims to provide exposure to the INR-denominated Indian government bonds that have been made eligible for investment to non-residents under the Fully Accessible Route (FAR).
Fund facts
Fund size | $540.5m |
Base currency | USD |
Fund launch date | 28 Oct 2021 |
Domicile | Ireland |
Share class launch | 28 Oct 2021 |
Replication method | Physical - full replication |
ISA eligible | Yes |
SIPP eligible | Yes |
UK Fund Reporting status | Yes |
Benchmark
J.P. Morgan India Government Fully Accessible Route (FAR) Bonds Index
Index description
J.P. Morgan India Government Fully Accessible Route (FAR) Bonds Index
The J.P. Morgan India Government Fully Accessible Route (FAR) Bonds Index aims to track the performance of eligible fixed-rate, INR-denominated Indian government bonds, that have been made eligible for investment to non-residents under the FAR.
Index data
Provider | J.P. Morgan |
Bloomberg code | GBIEINFU |
Reuters code | .GBIEINFU |
Type | Total Return |
Website | Go to website |
Performance
Portfolio breakdown
As at 31 Aug 2023
Top 10 holdings | 48.5% |
---|---|
Rest of portfolio | 51.5% |
No. of holdings in ETF | 30 |
---|---|
No. of constituents in Index | 28 |
Top 10 holdings (%)
India Government Bond 7.36% 12 Sep 52 | 5.3 |
India Government Bond 7.1% 18 Apr 29 | 5.2 |
India Government Bond 7.41% 19 Dec 36 | 5.1 |
India Government Bond 7.54% 23 May 36 | 4.9 |
India Government Bond 7.26% 22 Aug 32 | 4.8 |
India Government Bond 6.54% 17 Jan 32 | 4.8 |
India Government Bond 6.99% 15 Dec 51 | 4.7 |
India Government Bond 7.38% 20 Jun 27 | 4.7 |
India Government Bond 5.63% 12 Apr 26 | 4.5 |
India Government Bond 6.67% 17 Dec 50 | 4.5 |
Country (%)
India | 100.0 |
Top 10 holdings | 48.5% |
---|---|
Rest of portfolio | 51.5% |
No. of holdings in ETF | 30 |
---|---|
No. of constituents in Index | 28 |
Top 10 holdings (%)
India Government Bond 7.36% 12 Sep 52 | 5.3 |
India Government Bond 7.1% 18 Apr 29 | 5.2 |
India Government Bond 7.41% 19 Dec 36 | 5.1 |
India Government Bond 7.54% 23 May 36 | 4.9 |
India Government Bond 7.26% 22 Aug 32 | 4.8 |
India Government Bond 6.54% 17 Jan 32 | 4.8 |
India Government Bond 6.99% 15 Dec 51 | 4.7 |
India Government Bond 7.38% 20 Jun 27 | 4.7 |
India Government Bond 5.63% 12 Apr 26 | 4.5 |
India Government Bond 6.67% 17 Dec 50 | 4.5 |
Country (%)
India | 100.0 |
Years to maturity (%)
0 - 5 Years | 23.4 |
5 - 10 Years | 44.2 |
10 - 15 Years | 10.5 |
25 - 30 Years | 21.9 |
Credit rating (%)
BBB | 89.8 |
BBB- | 10.2 |
Currency (%)
INR | 100.0 |
All data source LGIM unless otherwise stated. Totals may not sum to 100% 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. The number of fund holdings can also differ from the index due to corporate events and proxy holdings.
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
Income
Income information
Frequency | Biannually |
Pay dates | Jan, Jul |
Financial year end | 30th June |
Ex-div date | Pay date | Dividend per unit | |
---|---|---|---|
Final | 20 Jul 23 | 28 Jul 23 | 28.46 |
Interim | 19 Jan 23 | 27 Jan 23 | 27.35 |
Ex-div date | Pay date | Dividend per unit | |
---|---|---|---|
Final | 20 Jul 23 | 28 Jul 23 | 28.46 |
Interim | 19 Jan 23 | 27 Jan 23 | 27.35 |
Financial year | Total dividend per unit |
---|---|
2022/23 | 55.81 c |
2021/22 | 37.1 c |
Prices
Pricing information
Price time | 16:00 EST (NY) |
Currency | USD |
Listings and codes
Listings
Exchange | Currency | Ticker | ISIN | Bloomberg | Reuters | Listing date | Trading hours (local) |
---|---|---|---|---|---|---|---|
London Stock Exchange | GBP | TIGG | IE00BL6K6H97 | TIGG LN | TIGG.L | 28/10/2021 | 08:00 - 16:30 |
London Stock Exchange | USD | TIGR | IE00BL6K6H97 | TIGR LN | TIGR.L | 28/10/2021 | 08:00 - 16:30 |
Borsa Italiana | EUR | TIGR | IE00BL6K6H97 | TIGR IM | TIGR.MI | 28/10/2021 | 09:00 - 17:30 |
Deutsche Börse Xetra | EUR | TIGR | IE00BL6K6H97 | TIGR GY | TIGRG.DE | 28/10/2021 | 09:00 - 17:30 |
SIX Swiss Exchange | CHF | TIGR | IE00BL6K6H97 | TIGR SW | TIGR.S | 17/11/2021 | 09:00 - 17:30 |
Bolsa Mexicana | MXN | TIGR | IE00BL6K6H97 | TIGR1N MM | TIGR1N.MX | 17/07/2023 | 09:00 - 17:30 |
Codes
ISIN | IE00BL6K6H97 |
SEDOL | BL6K6H9 |
Bloomberg | TIGR |
MEX | - |
Dealing information
Issuer | Legal & General UCITS ETF Plc |
Depositary and Trustee | The Bank of New York Mellon SA/NV, Dublin Branch |
Securities regulator | Central Bank of Ireland |
Country registration
This share class is registered for sale in the following countries:
*The Fund is on the list of restricted collective investment schemes, but is not authorised or recognised by the Monetary Authority of Singapore (the “MAS”) and the Shares cannot be offered or marketed to retail clients.