ETFs

ETF (UCITS compliant)

L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF

EUR Hedged Accumulating ETF Class

ISINIE000MINO564

Price

TER0.28%

Fund aim

The L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (the "ETF") aims to track the performance of the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index (the “Index”).

Fund snapshot

  • The L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF aims to provide exposure to the US Dollar-denominated government bond market across emerging markets.
  • Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics which are met by tracking the Index. Further information on how such characteristics are met by the Fund can be found in the Fund Supplement.

Fund facts

Fund size€302.2m
Share class size€141.4m
Base currencyUSD
Fund launch date9 Dec 2020
DomicileIreland
Share class launch11 May 2022
Replication methodPhysical - optimised
As at 1 Mar 2024

Benchmark

J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index

Index description

J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index

The Index tracks liquid, US Dollar-denominated emerging market fixed and floating-rate debt instruments issued by sovereign and quasi-sovereign entities, maturing within the next 3 months to 5 years. The index applies an ESG scoring and screening methodology to tilt toward issuers ranked higher on ESG criteria and green bond issues, and to underweight and remove issuers that rank lower.

Index data

ProviderJ.P. Morgan
Bloomberg codeJPEIEESU
Reuters code.JPEIEESU
TypeTotal Return
WebsiteGo to website

Performance

Performance for the EUR Hedged Accumulating unit class in EUR, launched on 11 May 2022. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF.
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:11 May 2022
Benchmark:J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index
Share class launch date:11 May 2022
Benchmark:J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index
    Share class launch date:11 May 2022
    Benchmark:J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity Index

    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 with input from the over the last 10 years. Markets could develop very differently in the future.

    Example investment:10,000 EUR

    Scenarios1 year(Recommended holding period) 5 years
    Minimum

    There is no minimum guaranteed return. You could lose some or all of your investment.

    Stress scenario
    What you might get back after costs6,490EUR6,690EUR
    Average return each year (%)-35.06EUR-7.74EUR
    Unfavourable scenario
    What you might get back after costs8,360EUR8,990EUR
    Average return each year (%)-16.41EUR-2.10EUR
    Moderate scenario
    What you might get back after costs10,390EUR11,820EUR
    Average return each year (%)3.86EUR3.40EUR
    Favourable scenario
    What you might get back after costs11,250EUR13,080EUR
    Average return each year (%)12.47EUR5.52EUR

    Portfolio breakdown

    As at 31 Jan 2024

    Top 10 holdings15.0%
    Rest of portfolio85.0%
    No. of holdings in ETF223
    No. of constituents in Index257

    Top 10 holdings (%)

    Kuwait Int Govt Bond 3.5% 20 Mar 282.3
    Argentine Rep Govt Int 0.75% 09 Jul 311.7
    Hungary Gov Int Bond 6.125% 22 May 291.6
    Brazilian Gov Int Bond 4.25% 07 Jan 261.5
    Kazakhstan Govt Int 5.125% 21 Jul 251.4
    Romanian Gov Int Bond 5.875% 30 Jan 291.4
    Qatar Govt Int Bond 3.25% 02 Jun 261.3
    Rep of Poland Govt Int 3.25% 06 Apr 261.3
    Chile Govt Int 3.24% 06 Feb 281.3
    Romanian Gov Int Bond 6.625% 17 Feb 281.2

    Country (%)

    Saudi Arabia
    6.0
    United Arab Emirates
    5.3
    Indonesia
    4.9
    Turkey
    4.9
    Oman
    4.4
    Brazil
    4.3
    Romania
    4.2
    Chile
    4.2
    Bahrain
    4.1
    Other
    57.8

    All data source LGIM unless otherwise stated. Totals may not sum to 100% 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. The number of fund holdings can also differ from the index due to corporate events and proxy holdings.

    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.

    Sustainability

    SFDR categorisation

    Environmental characteristics
    Social characteristics

    The Fund promotes the above-mentioned characteristics by tracking the J.P. Morgan ESG EMBI Global Diversified Short-term Custom Maturity Index (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and 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 time16:00 EST (NY)
    CurrencyEUR
    Monthly price history

    Listings and codes

    Listings

    ExchangeCurrencyTickerISINBloombergReutersListing dateTrading hours (local)
    Borsa Italiana
    EUREMGHIE000MINO564EMGH IMEMGH.MI11/05/202209:00 - 17:30
    Deutsche Börse Xetra
    EURENDHIE000MINO564ENDH GYENDH.DE11/05/202209:00 - 17:30
    SIX Swiss Exchange
    CHFEMGHIE000MINO564EMGH SW22/07/202209:00 - 17:30

    Codes

    ISINIE000MINO564
    SEDOL-
    BloombergENDH
    MEX-

    Dealing information

    IssuerLegal & General UCITS ETF Plc
    Depositary and TrusteeThe Bank of New York Mellon SA/NV, Dublin Branch
    Securities regulatorCentral Bank of Ireland

    Country registration

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

    Austria
    Germany
    Ireland
    Italy
    Switzerland