Collectives

SICAV (UCITS compliant)

L&G Net Zero Short Dated Global Corporate Bond Fund

Z-Class GBP (Hedged) Accumulation

ISINLU2561734760

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 aims to deliver this whilst investing in line with the Investment Manager’s Net Zero Framework. The Fund is actively managed and seeks to achieve this objective by investing in a broad range of bonds and bond-related instruments of which at least 80% will be denominated in USD, Euro and GBP.

Fund snapshot

  • What does it invest in? Invests at least 70% in short dated fixed income securities, including bonds and other debt instruments, issued in a variety of currencies by companies and governments worldwide.
  • How does it invest? Actively managed, investing in global portfolio of short dated fixed income securities with a focus Net Zero temperature goals along with carbon reduction targets compared to the benchmark. 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$221.8m
Base currencyUSD
Fund launch date15 Feb 2023
DomicileLuxembourg
Share class launch15 Feb 2023
Modified duration3.09 years
Gross redemption yield (unhedged)5.03%
As at 31 Jan 2024

Benchmark

Bloomberg Global Corporates 1-5 years

Costs

Initial charge0.00%
Ongoing charges figure0.05%
Dilution adjustment0.232% - round trip

Portfolio breakdown

As at 31 Jan 2024

Top 10 issuers31.9%
Rest of portfolio68.1%
No. of issuers145

Top 10 issuers (%)

United States of America10.3
Bank of America3.1
JPMorgan Chase & Co2.7
Volkswagen2.6
Morgan Stanley2.5
United Kingdom2.3
Banco Santander2.2
UBS Group2.2
Citigroup2.2
AT&T1.8

Currency (%)

USD
64.3
EUR
20.4
GBP
15.0
Other
0.1
This is the currency breakdown before allowing for any hedging the fund may use.

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.

Jonathan Curteis headshot

Jonathan Curteis

Jonathan works within LGIM’s Global Bond Strategies team where he managers both benchmark and unconstrained portfolios. Jonathan joined LGIM in October 2014 from BNY Mellon where he was part of the Quantitative Trading Group. Jonathan holds a BA (hons) in International Business from the Strathclyde University, and completed a Master’s in investment management from the Cass Business School.

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
CurrencyGBP
Monthly price history

Download full price history

Codes and dealing

Codes

ISINLU2561734760
SEDOLBPBR9C9
BloombergLGNTYUD 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:

Luxembourg
United Kingdom