Collectives

SICAV (UCITS compliant)

L&G Global Diversified Credit SDG Fund

I-Class USD Accumulation

ISINLU2383325169

Price

Fund aim

The objective of the Fund is to provide long term return consisting of a combination of capital growth and income.

The Fund is actively managed and seeks to achieve its objective by investing in a broad range of fixed income securities issued primarily in US Dollar, Sterling or Euro by developed, developing and emerging market governments and corporates.

Fund snapshot

  • What does it invest in? Invests predominately in fixed income securities, including bonds and other debt instruments, issued in a variety of currencies by companies and governments world wide.
  • How does it invest? Actively managed, investing in global diversified portfolio of fixed income securities include Emerging Markets high yield and credit debt. The fund will make use of derivatives 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.

Fund facts

Fund size$800.8m
Base currencyUSD
Fund launch date9 Dec 2021
DomicileLuxembourg
Share class launch2 Feb 2022
Modified duration4.64 years
Gross redemption yield (unhedged)7.38%
As at 31 Jan 2024

Benchmark

Composite

Composite benchmark consists of: 40% blended 50/50 benchmark comprising the JPM EMBI Global Diversified 3-5 Years Index (sovereign) and the JPM CEMBI Diversified 3-5 Years Index (corporate); 40% Bank of America Merrill Lynch Global High Yield BB-B Rated 2% Constrained Ex-Financial Index; and 20% Bloomberg Barclays USD/EUR/GBP Corporates 1% issuer capped.

Costs

Initial charge0.00%
Ongoing charges figure0.46%
Dilution adjustment0.806% - round trip

Performance

Performance for the I USD Acc unit class in USD, launched on 02 February 2022. 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.
Share class launch date:02 Feb 2022
Benchmark:Composite
Share class launch date:02 Feb 2022
Benchmark:Composite
    Share class launch date:02 Feb 2022
    Benchmark:Composite

    Portfolio breakdown

    As at 31 Jan 2024

    Top 10 issuers14.2%
    Rest of portfolio85.8%
    No. of issuers526

    Top 10 issuers (%)

    United States of America4.9
    Hungary1.3
    Dominican Republic1.3
    Romania1.2
    Kingdom of Bahrain1.1
    Federal Republic of Germany0.9
    Republic of South Africa0.9
    Melco International Development0.8
    Iliad HoldingSU0.8
    United Mexican States0.8

    Currency (%)

    USD
    78.3
    EUR
    14.7
    GBP
    6.9
    Other
    0.0

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

    Fund managers

    Matthew Rees headshot

    Matthew Rees

    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.

    Tony Fan headshot

    Tony Fan

    Tony became the head of quantitative strategies in the Global Bond Strategies team in 2015 with a primary focus on multi-strategy and absolute return mandates. Prior to this, he had overall responsibility for the quantitative work in LGIM's global credit team where he maintained and developed quantitative models used in trading and risk management. Tony joined LGIM in November 2010 from Credit Suisse Securities where he had a summer internship in the fixed income division. Previously, Tony worked for LGIM’s fixed income department from July 2009 to June 2010. Tony graduated with distinction from the London School of Economics with an MSc in finance in June 2009. He also has a bachelor’s degree from National University of Singapore.

    Sustainability

    SFDR categorisation

    Environmental characteristics
    Social characteristics

    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.

    Literature

    Prices

    Pricing information

    Price basisSingle swing
    Price time23:00 CET
    CurrencyUSD
    Monthly price history

    Download full price history

    Codes and dealing

    Codes

    ISINLU2383325169
    SEDOLBMCP7K5
    BloombergLGDCSIU LX
    MEX-

    Dealing information

    Valuation frequencyDaily, 23:00 CET
    Dealing frequencyEach Business Day
    Settlement periodT+3
    Administrator/CustodianNorthern Trust

    Country registration

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

    Germany
    Ireland
    Italy
    Korea
    Luxembourg
    Spain
    Switzerland
    United Kingdom