Fund facts
Fund size
£1,245.6m
Base currency
GBP
Launch date
13 Dec 2013
Domicile
Luxembourg
Share class launch
Statistics
Modified duration
0.91 years
As at 28 Feb 2023
Fund aim
The objective of the Fund is to provide a combination of growth and income above those of the ICE BofA SONIA 3 Month Constant Maturity Total Return Index, the "Benchmark Index". The Fund is actively managed and aims to outperform the Benchmark Index by 1.5% per annum. The Fund aims to deliver this objective while decarbonising the portfolio over time, targeting a 50% reduction in weighted average carbon intensity by 2030, compared to a December 2019 baseline level. This objective is before the deduction of any charges and measured over rolling three year periods. The Fund aims to generate positive returns in all market conditions. There can be no assurance that the Fund will achieve its investment objective.
Benchmark
ICE BofA SONIA 3-Month Constant Maturity Total Return Index
Fund snapshot
- What does it invest in? Invests predominantly in fixed income securities, including bonds and other debt instruments, issued in in a variety of currencies by companies and governments worldwide.
- How does it invest? Actively managed, investing primarily in debt with an investment grade (lower risk) credit rating. May also invest in debt with a sub-investment grade (higher risk) credit rating or unrated bonds. Will use derivatives extensively for investment purposes or for efficient portfolio management.
- Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics. Further information on how such characteristics are met by the Fund can be found in the Supplement.
Performance
Source: Lipper
LIBOR is changing: read more on how future reforms of interbank offered rates may affect your investments with us.
Performance for the I GBP Acc unit class in GBP, launched on 27 April 2020. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.
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.
Performance for the I GBP Dist unit class in GBP, launched on 11 August 2016. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.
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.
Performance for the I USD (Unhedged) Acc unit class in USD, launched on 27 April 2020. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.
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.
Performance for the Z GBP Acc unit class in GBP, launched on 13 December 2013. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.
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.
Performance for the Z GBP Dist unit class in GBP, launched on 16 December 2015. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing.
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.
Performance (%)
Performance summary (%)
As at 28 Feb 2023
| Cumulative | Fund | Benchmark |
| 1 month | 0.20 | 0.27 |
| 6 months | 2.77 | 1.32 |
| Year to date | 1.23 | 0.55 |
| 3 years | - | - |
| 5 years | - | - |
| Since launch | 10.01 | 1.87 |
| Annualised | Fund | Benchmark |
| 1 year | 2.15 | 1.62 |
| 3 years | - | - |
| 5 years | - | - |
| Since launch | 3.41 | 0.65 |
As at 31 Dec 2022
| Cumulative | Fund | Benchmark |
| Quarterly | 1.61 | 0.73 |
| Year to date | -0.35 | 1.05 |
| 3 years | - | - |
| 5 years | - | - |
| Since launch | 8.67 | 1.32 |
| Annualised | Fund | Benchmark |
| 1 year | -0.35 | 1.06 |
| 3 years | - | - |
| 5 years | - | - |
| Since launch | 3.15 | 0.49 |
Rolling 12-month performance to last quarter end (%)
| 12 months to 31 December | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | 1.37 | -0.35 |
| Benchmark | - | - | - | - | - | - | - | - | 0.03 | 1.06 |
Calendar year performance (%)
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | 1.37 | -0.35 |
| Benchmark | - | - | - | - | - | - | - | - | 0.03 | 1.06 |
Monthly performance (%)
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | 2.15 | - | - | 3.41 |
| Benchmark | 1.62 | - | - | 0.65 |
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -0.35 | - | - | 3.15 |
| Benchmark | 1.06 | - | - | 0.49 |
Performance scenarios
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.
Recommended holding period (RHP): 5 yearsExample Investment £10,000
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.
Recommended holding period (RHP): 5 yearsExample Investment £10,000
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.
Recommended holding period (RHP): 5 yearsExample Investment $10,000
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.
Recommended holding period (RHP): 5 yearsExample Investment £10,000
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.
Recommended holding period (RHP): 5 yearsExample Investment £10,000
| Scenarios | If you exit after 1 year | If you exit after RHP | |
|---|---|---|---|
| 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 | 9,205.51 | 9,509.90 |
| Average return each year (%) | -7.94 | -1.00 | |
| Unfavourable scenario | What you might get back after costs | 9,729.33 | 10,251.01 |
| Average return each year (%) | -2.71 | 0.50 | |
| Moderate scenario | What you might get back after costs | 10,057.20 | 10,277.70 |
| Average return each year (%) | 0.57 | 0.55 | |
| Favourable scenario | What you might get back after costs | 10,873.84 | 11,166.71 |
| Average return each year (%) | 8.74 | 2.23 | |
The stress scenario shows what you might get back in extreme market circumstances.
The unfavourable scenario was calculated using data from 2013-04 to 2018-03. As insufficient price points were available the following benchmark/s were utilised: ICE BofAML GBP LIBOR 3 M Cons Maturity TR.
The moderate scenario was calculated using data from 2012-07 to 2015-01. As insufficient price points were available the following benchmark/s were utilised: ICE BofAML GBP LIBOR 3 M Cons Maturity TR.
The favourable scenario was calculated using data from 2016-07 to 2021-06. As insufficient price points were available the following benchmark/s were utilised: ICE BofAML GBP LIBOR 3 M Cons Maturity TR.
The stress scenario shows what you might get back in extreme market circumstances.
The unfavourable scenario was calculated using data from 2015-04 to 2020-03. As insufficient price points were available the following benchmark/s were utilised: ICE BofAML GBP LIBOR 3 M Cons Maturity TR.
The moderate scenario was calculated using data from 2013-05 to 2018-04. As insufficient price points were available the following benchmark/s were utilised: ICE BofAML GBP LIBOR 3 M Cons Maturity TR.
The favourable scenario was calculated using data from 2017-01 to 2021-12.
The stress scenario shows what you might get back in extreme market circumstances.
The unfavourable scenario was calculated using data from 2014-08 to 2019-07. As insufficient price points were available the following benchmark/s were utilised: ICE BofA GBP 3M Dep Off Con Mat TR USD.
The moderate scenario was calculated using data from 2015-10 to 2020-09. As insufficient price points were available the following benchmark/s were utilised: ICE BofA GBP 3M Dep Off Con Mat TR USD.
The favourable scenario was calculated using data from 2012-07 to 2014-06. As insufficient price points were available the following benchmark/s were utilised: ICE BofA GBP 3M Dep Off Con Mat TR USD.
The stress scenario shows what you might get back in extreme market circumstances.
The unfavourable scenario was calculated using data from 2012-07 to 2015-01. As insufficient price points were available the following benchmark/s were utilised: ICE BofAML GBP LIBOR 3 M Cons Maturity TR.
The moderate scenario was calculated using data from 2012-10 to 2017-09. As insufficient price points were available the following benchmark/s were utilised: ICE BofAML GBP LIBOR 3 M Cons Maturity TR.
The favourable scenario was calculated using data from 2016-07 to 2021-06.
The stress scenario shows what you might get back in extreme market circumstances.
The unfavourable scenario was calculated using data from 2015-04 to 2020-03. As insufficient price points were available the following benchmark/s were utilised: ICE BofAML GBP LIBOR 3 M Cons Maturity TR.
The moderate scenario was calculated using data from 2012-10 to 2017-09. As insufficient price points were available the following benchmark/s were utilised: ICE BofAML GBP LIBOR 3 M Cons Maturity TR.
The favourable scenario was calculated using data from 2016-07 to 2021-06.
Portfolio
As at 28 Feb 2023. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Currency (%)
| USD | 58.3 | |
| GBP | 23.6 | |
| EUR | 18.0 | |
| Other | 0.0 |
This is the currency breakdown before allowing for any hedging the fund may use.
Sector (%)
| Banks | 30.1 | |
| ABS | 17.0 | |
| Sovereign | 10.7 | |
| Cash and Equivalents | 8.3 | |
| Consumer Goods | 7.5 | |
| Unknown | 3.9 | |
| Utilities | 3.3 | |
| Insurance | 3.1 | |
| Consumer Services | 3.0 | |
| Industrials | 2.4 | |
| Health Care | 2.2 | |
| Real Estate | 2.0 | |
| Financial Services | 1.9 | |
| Oil & Gas | 1.4 | |
| Other | 3.3 |
| Top 10 issuers | 23.8 | |
| Rest of portfolio | 76.2 |
| No. of issuers | 814 |
Top 10 issuers (%)
| United Kingdom | 8.1 |
| HSBC Holdings | 3.2 |
| Philip Morris International | 2.0 |
| Volkswagen | 1.9 |
| Credit Suisse Group | 1.8 |
| Goldman Sachs Group | 1.7 |
| Banco Santander | 1.5 |
| Eurologi II Sarl | 1.2 |
| New York Life Insurance Co | 1.2 |
| UBS Group | 1.2 |
Country (%)
| United States | 41.3 | |
| United Kingdom | 19.0 | |
| Spain | 4.5 | |
| France | 4.5 | |
| Germany | 4.0 | |
| Canada | 3.1 | |
| Switzerland | 3.1 | |
| Ireland | 2.6 | |
| Italy | 2.2 | |
| Other | 15.6 |
Fund Managers
Colin is co-Head of Global Fixed Income and has responsibility for the London based fixed income team as well as overall portfolio management responsibilities for our Global Credit and Absolute Return strategies. Colin joined LGIM in 2005 from Henderson Global Investors where he was Head of Investment Grade Credit Fund Management. He has over 30 years’ experience in bond markets, specialising in non-government debt, and he has previously worked for Henderson Global Investors, Scottish Widows and Scottish Amicable.
Matthew was appointed Head of Global Bond Strategies in September 2019. Prior to this he was co-head of the Euro credit portfolio management team, responsible for Euro-benchmarked and absolute return funds. He joined LGIM in March 2009 as a senior research analyst responsible for covering financial institutions and joined the Euro credit portfolio management team in February 2011. Prior to this Matthew spent three years as a Partner at Banquo Credit Management (a multibillion euro absolute return investment manager) and four years at UBS as Head of Financial Institutions Ratings Advisory. Matthew has more than 20 years’ experience in financial services and graduated from the University of York with a BA (hons) in English. He qualified as a chartered accountant with Coopers & Lybrand in 1996.
ColinReedie
MatthewRees
Sustainability
SFDR categorisation: Article 8Article 8: These funds promote environmental and/or social characteristics
Environmental characteristics
The Fund promotes the following environmental characteristics related to climate change:
- reduction of greenhouse gas emissions intensity;
- avoiding investments in certain fossil fuels; and
- support of better practices in energy consumption (or usage).
The Fund also promotes the following other environmental characteristics:
- support of biodiversity and responsible land use.
Social characteristics
The Fund promotes the following social characteristics relating to social norms and standards:
- human rights, labour rights and anti-corruption as set out in the principles of the UN Global Compact; and
- avoiding the financing of controversial weapons.
No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by the Fund.
Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
The Fund seeks to implement LGIM’s Responsible Investment Framework which aims to provide a consistent and systematic approach to exclusions, refined criteria and thresholds for setting environmental and social characteristics with a defined terminology and approach to support the implementation of such characteristics across the financial products managed by LGIM.
The Responsible Investment Framework sets out the various types of investment strategies that LGIM’s financial products can follow and the responsible investing methodologies that explain how such investment strategies are defined and implemented.
The Fund follows the following sustainability-related investment strategy:
Battery Value-Chain Theme
Clean Water Theme
Clean Energy Theme
Hydrogen Economy Theme
Healthcare Breakthrough Theme
Pharma Breakthrough Theme
Green Bonds
RAFI ESG Score
RAFI Exclusions
Solactive PAB Optimisation
Solactive Exclusions
Net Zero
SDG Alignment
Carbon Emissions Intensity Target
Carbon emissions intensity aims to measure the volume of carbon emissions of investee companies and/or countries in relation to the revenue they generate. It is intended as an indication of how exposed a portfolio is to high or low carbon intensity companies. The Fund manages its weighted average carbon emissions intensity in order to achieve a 50% reduction by 31 December 2030 compared to the Fund’s portfolio as at 31 December 2019.
LGIM ESG Score
LGIM's Future World Protection List
The Future World Protection List (‘FWPL’) consists of companies that fail to meet minimum standards of globally accepted business practices on sustainability, or our minimum requirements on the carbon transition. There are three components to the list:
- Companies that generate 20% or more of their revenues from involvement in mining and extraction of thermal coal, thermal-coal power generation and oil sands,
- Companies that are in breach of one or more principles of the United Nation Global Compact for a continuous period of three years (36 months) or more (that are considered persistent violators), or
- Companies involved in the manufacture and production of controversial weapons.
The Fund excludes investments in companies on FWPL. The list is monitored on an on-going basis and updated semi-annually. In order to determine the companies included on the list, we use data from a number of external ESG data providers.
Further information can be found at https://www.lgim.com/landg-assets/lgim/_document-library/capabilities/future-world-protection-list-public-methodology.pdf
LGIM's Climate Impact Pledge
The Fund excludes companies that fail to meet LGIM’s minimum requirements on climate change following engagement under Climate Impact Pledge (‘CIP’).
- The CIP maps out a large number of companies worldwide, in climate-critical sectors against key indicators. Using quantitative and qualitative measures, such companies are assessed under a traffic light system drawing on independent data providers and our pioneering climate modelling.
- Based on the results of engagement with these companies, LGIM uses escalating methods as necessary, which includes a period of engagement with companies and in the event that a company continues to make insufficient progress and fails to meet LGIM’s minimum standard expectation, may include sanction through voting and divestment.
- The CIP is monitored on an on-going basis and updated annually. The ESG data that is used in connection with the CIP is sourced from third-party data providers.
Further information can be found at Climate Impact Pledge overview
Foxberry Paris Aligned
MSCI Exclusions
MSCI ESG Score
JPM Exclusions
JPM ESG Score
Additional Exclusions
ESG Factor Evaluation
LGIM considers ESG factors when making investment decisions on behalf of the Fund which include a number of environmental and social factors, for example relating to:
- climate change
- water and waste
- supply chain
- environmental policies and controls
- labour rights, health and safety
- bribery and corruption.
The evaluation process starts with the identification of ESG factors using both top-down and bottom-up approaches. The top-down research analysis focuses on determining the resiliency of sectors on a macro level, while the bottom-up research process evaluates the ESG credentials of individual companies.
LGIM has developed a proprietary research tool called Active ESG View which brings together granular quantitative and qualitative ESG inputs. Active ESG View primarily uses third-party data from multiple different vendors which includes hundreds of ESG metrics (including data on carbon emissions, water and waste, environmental policies and controls, labour, health and safety, bribery and corruption) spanning 64 specific sectors and/or sub-sectors from a number of ESG data providers.
The quantitative inputs consist of two components:
- an ESG score calculated in Active ESG View which evaluates and scores issuers from an environmental, social and governance perspective, and
- a screening of investee companies in respect of their involvement in certain products and services, and certain controversies and violations of norms and standards. This screening, directly or indirectly, maps to some of the adverse sustainability indicators set out in Table 1 of Annex I of the Level 2 Measures.
LGIM sets minimum thresholds for both of these components in Active ESG View. These are then supplemented by LGIM’s qualitative assessment of the sustainability risks and opportunities relating to the relevant issuer. This qualitative assessment is performed by the Global Research and Engagement Groups (“GREGs”) which bring together representatives from LGIM’s investment and investment stewardship teams across regions and asset classes. Where issuers fail to meet either of the components of the quantitative assessment, and the GREGs have reviewed and agreed with the assessment through qualitative analysis, the Fund’s aggregate exposure to such issuers shall be limited so that the Fund shall almost exclusively hold investments that meet the above requirements.
The sustainability indicator that will be used in relation to the attainment of the environmental and social characteristics relating to this process will measure the aggregate exposure to issuers that are not aligned with LGIM’s requirements for ESG factor evaluation.
Decarbonisation
LGIM Coal Policy
LGIM Controversial Weapons
J.P. Morgan ESG Exclusions
J.P. Morgan ESG Score
FTSE ESG Exclusions
ROBO Global ESG Policy
Solactive ESG Exclusions
Solactive ESG Enhanced Exclusions
Nasdaq ESG Exclusions
Stoxx Exclusions
Taxonomy
While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR. Accordingly, it should be noted that the investments underlying the Fund do not take into account the EU criteria for environmentally sustainable economic activities within the meaning of the Taxonomy Regulation.
Sustainable Investments
While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR.
Principal Adverse Impacts
The Fund considers principal adverse impacts on sustainability factors and LGIM has identified a subset of the adverse sustainability indicators that are relevant to the Fund’s investments. The Fund considers principal adverse impacts, identified using the below listed sustainability indicators, through the implementation of the Fund’s ESG investment strategy.
- PAI 1: GHG emissions
- PAI 2: Carbon footprint
- PAI 3: GHG intensity of companies
- PAI 4: Exposure to fossil fuel companies
- PAI 5: Share of non-renewable energy
- PAI 6: Energy consumption intensity
- PAI 7: Activities negatively affecting biodiversity-sensitive areas
- PAI 8: Emissions to water
- PAI 9: Hazardous waste
- PAI 10: Companies violating UNGC/OECD
- PAI 11: Companies without policies on UNGC/OECD
- PAI 12: Unadjusted gender pay gap
- PAI 14: Controversial weapons
Literature
Fact sheets
2023Change date
Reports and accounts
2022Change date
Annual Report and Accounts
31 Dec 2021Annual Report and Accounts
31 Dec 2020Annual Report and Accounts
31 Dec 2019Annual Report and Accounts
31 Dec 2018Annual Report and Accounts
31 Dec 2017Annual Report and Accounts
31 Dec 2016Annual Report and Accounts
31 Dec 2015Interim Report and Accounts
30 Jun 2022Interim Report and Accounts
30 Jun 2021Interim Report and Accounts
30 Jun 2020Interim Report and Accounts
30 Jun 2019Interim Report and Accounts
30 Jun 2018Interim Report and Accounts
30 Jun 2017Application forms
Trading information
Prices
Name
I GBP Acc
Mid price
108.17p
Change (%)
-
Currency
GBP
Price time
16:00 CET
Name
I GBP Dist
Mid price
103.54p
Change (%)
-
Currency
GBP
Price time
16:00 CET
Name
I USD Acc
Mid price
107.86c
Change (%)
-
Currency
USD
Price time
16:00 CET
Name
Z GBP Acc
Mid price
117.93p
Change (%)
-
Currency
GBP
Price time
16:00 CET
Name
Z GBP Dist
Mid price
105.60p
Change (%)
-
Currency
GBP
Price time
16:00 CET
Further details
Costs
Price basis
Single swing
Initial charge
0.00%
Ongoing charges figure
0.55%
Dilution adjustment
0.3%- round trip
Swing factor
0.15%
Codes
ISIN
LU1000844222
SEDOL
BK94358
Bloomberg
LGARBIG LX
MEX
-
Dealing information
Valuation frequency
Daily, 16:00 CET
Dealing frequency
Each Business Day
Settlement period
T+3
Administrator/Custodian
Northern Trust
Country registration
This share class is registered for sale in the following countries:
For valuations and account queries contact:
Legal & General (Unit Trust Managers) Limited
PO Box 6080
Wolverhampton
WV1 9RB
Tel : 0370 050 0955
Email: [email protected]
Legal & General ICAV
LGIM Liquidity Funds Plc
Northern Trust International Fund Administration Services (Ireland) Limited
City East Plaza - Block A
Towlerton
Ballysimon Road
Limerick
Ireland
V94 X2N9
Fax: +353 1 434 5293
Telephone: +353 1 434 5080
Email: [email protected]
Legal & General SICAV
Northern Trust Global Services SE
10 Rue du Château d'Eau
L-3364 Leudelange
Grand-Duché de Luxembourg
Facsimile: +352 28 294 454
Telephone: +352 28 294 123
Email: [email protected]
Key risks
The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.
Past performance is no guarantee of future results.
This fund holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell bonds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.
The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.
Prices of the ABS/MBS may be volatile, and will generally fluctuate due to a variety of factors that are inherently difficult to predict. In addition, the terms of the ABS/MBS may restrict its sale in particular circumstances.
The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.
Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains. The impact to the fund can be greater where derivatives are used in an extensive or complex way.
Investment in contingent convertible debt securities may result in material losses to the portfolio based on certain trigger events. The existence of these trigger events creates a different type of risk from traditional bonds and may more likely result in a partial or total loss of value or alternatively they may be converted into shares of the issuing company which may also have suffered a loss in value.
The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.
We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.
Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.
Important information
This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.
No investment decisions should be made without first reviewing the key investor information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.
Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.
This information is only directed at investors resident in jurisdictions where each fund is registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.
All information detailed on this website is current at the time of publication and may be changed in the future.
Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.
Source and third party data
Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.
Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data
Issuer
Issued by Legal & General Investment Management Limited as promoter and distributor for this fund in the UK.
Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.
Index disclaimer
Source ICE data indices, LLC (“ICE data”), is used with permission. ICE data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend LGIM, or any of its products or services.
Source ICE Data Indices, LLC (“ICE DATA”), is used with permission. ICE Data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE Data, its affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend Legal & General Investment Management (Holdings) Limited or its affiliates, or any of their products or services.
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