L&G Euro Treasury Bond Index Fund
ICAV (UCITS compliant)
L&G Euro Treasury Bond Index Fund
I-Class EUR Accumulation
ISINIE00BYX4XP24
Price
ISINIE00BYX4XP24
Price
Fund aim
The Fund aims to provide investors with a return in line with the Euro government bond market, as represented by the Bloomberg Euro Treasury Index (the "Index").
Fund snapshot
- What does it invest in? Invests primarily in bonds that make up the index, issued in euros by governments of Eurozone countries. These bonds will be investment grade bonds (lower risk). The Fund may also use derivatives.
- How does it invest? Passively managed, aiming to replicate the performance of the index.
Fund facts
| Fund size | €95.7m |
| Base currency | EUR |
| Fund launch date | 8 Dec 2016 |
| Domicile | Ireland |
| Share class launch | 27 Aug 2020 |
| Modified duration | 7.22 years |
| Gross redemption yield (unhedged) | 2.88% |
As at 31 Jan 2024
Benchmark
Bloomberg Euro Aggregate Treasury Index
Costs
| Initial charge | 0.00% |
| Ongoing charges figure | 0.19% |
| Dilution levy | 0.142% - round trip |
| Entry anti-dilution levy | 0.07% |
| Exit anti-dilution levy | 0.07% |
Performance
Performance for the I EUR Acc unit class in EUR, launched on 27 August 2020. 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:27 Aug 2020
Benchmark:Bloomberg Euro Aggregate Treasury Index
Year
Share class launch date:27 Aug 2020
Benchmark:Bloomberg Euro Aggregate Treasury Index
Share class launch date:27 Aug 2020
Benchmark:Bloomberg Euro Aggregate Treasury 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
As at:31 Dec 2023
| Scenarios | 1 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 costs | 7,450EUR | 7,310EUR |
| Average return each year (%) | -25.51 | -6.08 | |
| Unfavourable scenario | What you might get back after costs | 8,170EUR | 8,890EUR |
| Average return each year (%) | -18.31 | -2.33 | |
| Moderate scenario | What you might get back after costs | 10,170EUR | 12,000EUR |
| Average return each year (%) | 1.73 | 3.71 | |
| Favourable scenario | What you might get back after costs | 11,370EUR | 15,840EUR |
| Average return each year (%) | 13.66 | 9.64 | |
Minimum
There is no minimum guaranteed return. You could lose some or all of your investment.
Stress scenario
What you might get back after costs7,450EUR7,310EUR
Average return each year (%)-25.51EUR-6.08EUR
Unfavourable scenario
What you might get back after costs8,170EUR8,890EUR
Average return each year (%)-18.31EUR-2.33EUR
Moderate scenario
What you might get back after costs10,170EUR12,000EUR
Average return each year (%)1.73EUR3.71EUR
Favourable scenario
What you might get back after costs11,370EUR15,840EUR
Average return each year (%)13.66EUR9.64EUR
Portfolio breakdown
As at 31 Jan 2024
| Top 10 holdings | 7.8% |
|---|---|
| Rest of portfolio | 92.2% |
| No. of issuers in fund | 20 |
|---|---|
| No. of issuers in index | 20 |
Top 10 holdings (%)
| French Govt Bond OAT 2.5% 25 May 30 | 0.8 |
| French Govt Bond OAT 2.75% 25 Oct 27 | 0.8 |
| French Govt Bond OAT 0.75% 25 May 28 | 0.8 |
| French Govt BondOAT 0.75% 25 Feb 28 | 0.8 |
| French Govt Bond OAT 1.5% 25 May 31 | 0.8 |
| French Govt Bond OAT 1% 25 Nov 25 | 0.8 |
| French Govt Bond OAT 0.25% 25 Nov 26 | 0.8 |
| Deutsche Bundesanleihe 2.3% 15 Feb 33 | 0.8 |
| French Govt Bond OAT 0.75% 25 Nov 28 | 0.7 |
| French Govt Bond OAT 0% 25 Nov 30 | 0.7 |
Country (%)
France | 24.4 |
Italy | 21.8 |
Germany | 18.9 |
Spain | 14.3 |
Belgium | 5.2 |
Netherlands | 4.4 |
Austria | 3.5 |
Portugal | 2.0 |
Ireland | 1.6 |
Other | 3.9 |
| Top 10 holdings | 7.8% |
|---|---|
| Rest of portfolio | 92.2% |
| No. of issuers in fund | 20 |
|---|---|
| No. of issuers in index | 20 |
Top 10 holdings (%)
| French Govt Bond OAT 2.5% 25 May 30 | 0.8 |
| French Govt Bond OAT 2.75% 25 Oct 27 | 0.8 |
| French Govt Bond OAT 0.75% 25 May 28 | 0.8 |
| French Govt BondOAT 0.75% 25 Feb 28 | 0.8 |
| French Govt Bond OAT 1.5% 25 May 31 | 0.8 |
| French Govt Bond OAT 1% 25 Nov 25 | 0.8 |
| French Govt Bond OAT 0.25% 25 Nov 26 | 0.8 |
| Deutsche Bundesanleihe 2.3% 15 Feb 33 | 0.8 |
| French Govt Bond OAT 0.75% 25 Nov 28 | 0.7 |
| French Govt Bond OAT 0% 25 Nov 30 | 0.7 |
Country (%)
France | 24.4 |
Italy | 21.8 |
Germany | 18.9 |
Spain | 14.3 |
Belgium | 5.2 |
Netherlands | 4.4 |
Austria | 3.5 |
Portugal | 2.0 |
Ireland | 1.6 |
Other | 3.9 |
Years to maturity (%)
0 - 5 Years | 41.9 |
5 - 10 Years | 30.9 |
10 - 15 Years | 9.4 |
15 - 20 Years | 6.7 |
20 - 25 Years | 5.2 |
25 - 30 Years | 3.7 |
30 - 40 Years | 1.2 |
40+ Years | 0.9 |
Credit rating (%)
| AAA | 23.5 | |
| AA | 36.2 | |
| A | 17.9 | |
| BBB | 22.4 |
Currency (%)
EUR | 100.0 |
All data source LGIM unless otherwise stated. Totals may not sum 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.
Fund managers
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.
Literature
Document type
Prices
Pricing information
| Price basis | Single - dilution levy |
| Price time | 22:30 Irish time |
| Currency | EUR |
Codes and dealing
Codes
| ISIN | IE00BYX4XP24 |
| SEDOL | BYX4XP2 |
| Bloomberg | LGETBIE ID |
| MEX | - |
Dealing information
| Valuation frequency | Daily, 22:30 Irish time |
| Dealing frequency | Each Irish and UK Business Day |
| Settlement period | T+2 |
| Administrator/Custodian | Northern Trust |
Country registration
This share class is registered for sale in the following countries:
Denmark
Finland
Ireland
Italy
Norway
Spain
Sweden
Switzerland
United Kingdom
