ICVC (UK UCITS compliant)

LGIM Euro Corporate Bond Fund

A-Class EUR (Unhedged) Accumulation

ISINGB00B6CFP433

Price

Fund aim

The objective of the Fund is to provide capital growth and income above those of the iBoxx Euro Corporates Index (the "Benchmark Index”). The Fund aims to outperform the Benchmark Index over rolling three year periods after the deduction of all fees and expenses.

Fund snapshot

  • What does it invest in? Invests in a variety of Euro denominated bonds issued by companies, governments or other entities, including asset backed securities.
  • How does it invest? Actively managed, with discretion for the Manager to select bonds and other fixed income instruments in different geographies, sectors and currencies, although currency exposure to non-Euro securities will be partly or fully hedged back to Euro. May be concentrated at times, with exposure to a limited number of issuers.

Fund facts

Fund size£151.3m
Base currencyGBP
Fund launch date1 Oct 2010
DomicileUK
Share class launch4 Jan 2011
Modified duration4.52 years
Gross redemption yield (unhedged)3.95%
As at 29 Feb 2024

Benchmark

iBoxx Euro Corporates Index

Costs

Initial charge0.00%
Ongoing charges figure0.35%
Dilution levy0.48% - round trip

Performance

Performance for the A EUR (Unhedged) Acc unit class in EUR, launched on 04 January 2011. 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:04 Jan 2011
Benchmark:Markit iBoxx Euro Corporates TR EUR
Share class launch date:04 Jan 2011
Benchmark:Markit iBoxx Euro Corporates TR EUR
    Share class launch date:04 Jan 2011
    Benchmark:Markit iBoxx Euro Corporates TR EUR

    Portfolio breakdown

    As at 29 Feb 2024

    Top 10 issuers20.5%
    Rest of portfolio79.5%
    No. of issuers146

    Top 10 issuers (%)

    Federal Republic of Germany2.8
    UBS Group2.8
    Verizon Communications2.7
    Credit Mutuel2.5
    BNP Paribas2.0
    Jyske Bank1.8
    Morgan Stanley1.5
    Booking Holdings1.5
    JPMorgan Chase & Co1.5
    Bank of America1.5

    Currency (%)

    EUR
    98.3
    GBP
    1.6
    USD
    0.1
    Other
    0.0
    This is the currency breakdown before allowing for any hedging the fund may use. We aim to hedge the portfolio 100% back to EUR.

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

    Fund managers

    Marc Rovers headshot

    Marc Rovers

    Marc Rovers's award

    Marc is head of the Euro credit portfolio management team. He joined LGIM in May 2012 as a portfolio manager in the Pan European Credit team. Marc previously spent 12 years at Blackrock, first as a senior portfolio manager within Philips Investment Management in Eindhoven and then as Director, Investment Manager in London, where he was responsible for the non-financials management of investment grade portfolios and was a portfolio manager for two Asian credit portfolios. Marc started in the industry in 1995 as a portfolio manager at ABP investments (now APG). He graduated from Tilburg University, Netherlands with an MSc in economics and is a Certified European Financial Analyst (CEFA).

    Lan Wu headshot

    Lan Wu

    Lan is a euro credit portfolio manager in the Pan European Credit team, having joined LGIM in September 2010 as assistant to the fund manager. Previously Lan was at Hedge Funds Investment Management where she worked as a part-time research analyst in their Investment team. Prior to this, Lan completed internships with China Lion Securities in China, in their investment banking department, and with UBS, London where she worked in their fixed income, currencies and commodities division. Lan holds a MMath in mathematics and statistics from Oxford University as well as an MSc in finance at Imperial College London. Lan is a CFA charterholder.

    Literature

    Prices

    Pricing information

    Price basisSingle - dilution levy
    Price time22:00 UK time
    CurrencyEUR
    Monthly price history
    Please note that a maximum of 10 years price history is available.

    Codes and dealing

    Codes

    ISINGB00B6CFP433
    SEDOLB6CFP43
    BloombergLGECBDA LN
    MEX-

    Dealing information

    Valuation frequencyDaily, 22:00 GMT
    Dealing frequencyEach Business Day
    Settlement periodT+3

    Country registration

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

    United Kingdom