Collectives

ICAV (UCITS compliant)

L&G Emerging Markets Government Bond (Local Currency) Index Fund

I-Class EUR (Unhedged) Accumulation

ISINIE00BD6FXD30

Price

Fund aim

The Fund aims to track the performance of the Emerging Markets government bond market as represented by the JPMorgan GBI-EM Global Diversified Local Currency Index (the "Index").

Fund snapshot

  • What does it invest in? Invests primarily in bonds that make up the index, issued by governments of developing countries, denominated in their local currency. 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$1,486.6m
Base currencyUSD
Fund launch date24 Mar 2017
DomicileIreland
Share class launch11 Jun 2018
Modified duration4.98 years
Gross redemption yield (unhedged)6.05%
As at 31 Jan 2024

Benchmark

JPMorgan GBI-EM Global Diversified Local Currency Index

Costs

Initial charge0.00%
Ongoing charges figure0.32%
Dilution levy0.174% - round trip
Entry anti-dilution levy0.09%
Exit anti-dilution levy0.09%

Performance

Performance for the I EUR (Unhedged) Acc unit class in EUR, launched on 11 June 2018. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.
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:11 Jun 2018
Benchmark:JPM GBI-EM Glb Diversified (LC) Index EUR TR
Share class launch date:11 Jun 2018
Benchmark:JPM GBI-EM Glb Diversified (LC) Index EUR TR
    Share class launch date:11 Jun 2018
    Benchmark:JPM GBI-EM Glb Diversified (LC) Index EUR TR

    Portfolio breakdown

    As at 31 Jan 2024

    Top 10 holdings12.8%
    Rest of portfolio87.2%
    No. of issuers in fund29
    No. of issuers in index19

    Top 10 holdings (%)

    Brazil Letras do Tes 0% 01 Jan 261.7
    Brazil Letras do Tes 0% 01 Jul 261.5
    Brazil Notas Do Tes F 10% 01 Jan 291.4
    Brazil Notas do Tes F 10% 01 Jan 271.4
    South Africa Govt Bd 10.5% 21 Dec 261.3
    Mexican Bonos 5.75% 05 Mar 261.2
    South Africa Govt Bd 8% 31 Jan 301.1
    Mexican Bonos 7.5% 03 Jun 271.1
    South Africa Govt Bd 8.75% 28 Feb 481.1
    Mexican Bonos 7.75% 29 May 311.0

    Country (%)

    China
    10.1
    Malaysia
    10.0
    Brazil
    9.6
    Thailand
    9.6
    Mexico
    9.5
    Indonesia
    9.5
    South Africa
    8.5
    Poland
    7.6
    Czech Republic
    6.3
    Other
    19.5

    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 headshot

    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

    Prices

    Pricing information

    Price basisSingle - dilution levy
    Price time22:30 Irish time
    CurrencyEUR
    Monthly price history

    Codes and dealing

    Codes

    ISINIE00BD6FXD30
    SEDOLBD6FXD3
    BloombergLGEGLIE ID
    MEX-

    Dealing information

    Valuation frequencyDaily, 22:30 Irish time
    Dealing frequencyEach Irish and UK Business Day
    Settlement periodT+2
    Administrator/CustodianNorthern Trust

    Country registration

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

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