Collectives

Unit Trust (UK UCITS compliant)

Legal & General Emerging Markets Government Bond (Local Currency) Index Fund

I-Class GBP Accumulation

ISINGB00B8L19S87

Price

Fund aim

The objective of the Fund is to track the performance of the JPMorgan GBI-EM Global Diversified Local Currency Index, the "Benchmark Index" before fees and expenses are applied. Fund performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.

Fund snapshot

  • What does it invest in? Invests in bonds issued by governments in developing countries, denominated in their local currency.
  • How does it invest? Passively managed, aiming to replicate the performance of the Index.

Fund facts

Fund size£1,005.1m
Base currencyGBP
Fund launch date29 Jan 2016
DomicileUK
Share class launch29 Jan 2016
Distribution yield6.2%
Modified duration4.95 years
As at 31 Dec 2023

Benchmark

JPMorgan GBI-EM Global Diversified Local Currency Index

Costs

Initial charge0.00%
Ongoing charges figure0.35%
Dilution adjustment0.17% - round trip

Fund ratings

Performance

Performance for the I Acc unit class in GBP, launched on 29 January 2016. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference.
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:29 Jan 2016
Benchmark:JPMorgan GBI-EM Global Diversified Local Currency Index
Share class launch date:29 Jan 2016
Benchmark:JPMorgan GBI-EM Global Diversified Local Currency Index
    Share class launch date:29 Jan 2016
    Benchmark:JPMorgan GBI-EM Global Diversified Local Currency Index

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings12.8%
    Rest of portfolio87.2%
    No. of issuers in fund28
    No. of issuers in index21

    Top 10 holdings (%)

    Brazil Letras do Tes 0% 01 Jul 261.6
    Brazil Notas Do Tes F 10% 01 Jan 291.5
    Brazil Notas do Tes F 10% 01 Jan 271.4
    Mexican Bonos 5.75% 05 Mar 261.3
    South Africa Govt Bd 10.5% 21 Dec 261.3
    Brazil Letras do Tes 0% 01 Jan 261.3
    Brazil Notas do Tes F 10% 01 Jan 251.2
    South Africa Govt Bd 8% 31 Jan 301.1
    Mexican Bonos 7.75% 29 May 311.0
    Mexican Bonos 7.5% 03 Jun 271.0

    Sector (%)

    Government
    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 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 swing
    Price time12:00 UK time
    CurrencyGBP
    Monthly price history

    Download full price history

    Codes and dealing

    Codes

    ISINGB00B8L19S87
    SEDOLB8L19S8
    BloombergLGEMGIA
    MEXLGBMET

    Dealing information

    Valuation frequencyDaily, 12pm (UK time)
    Dealing frequencyDaily
    Settlement periodT+4

    Country registration

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

    United Kingdom