ICAV (UCITS compliant)

L&G ESG Emerging Markets Government Bond (Local Currency) Index Fund

Fund facts

Fund size
$288.7m
Base currency
USD
Launch date
31 Jan 2019
Domicile
Ireland
Share class launch

Statistics

Modified duration
5.37 years
Gross redemption yield (unhedged)
5.22%

As at 30 Jun 2019

Fund aim

The investment objective of the Fund is to provide investors with a return in line with the Emerging Markets government bond market, as represented by the JPMorgan ESG GBI-EM Global Diversified Local Currency Index (the “Index”).

Benchmark

JPMorgan ESG GBI-EM Global Diversified

  • Participate in the growth of emerging market economies
  • Higher yield than similarly rated developed market government bonds
  • The first EMD indices to incorporate ESG factors, and positive and negative screens
  • Exposure to emerging market bonds across multiple countries

Portfolio

As at 30 Jun 2019. 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.

Currency (%)

PLN 9.9
MXN 9.9
BRL 9.9
THB 8.6
ZAR 8.3
CZK 7.2
COP 7.0
HUF 7.0
IDR 6.4
Other 26.0

Years to maturity (%)

0 to 5 44.5
5 to 10 33.1
10 to 15 10.3
15 to 20 6.6
20 to 25 3.3
25 to 30 2.3

Credit rating (%)

AA 7.2
A 23.8
A- 0.1
BBB 47.7
BB 20.8
B 0.4
Top 10 holdings 15.2
Rest of portfolio 84.8

Top 10 holdings (%)

Colombia 7% 04-May-2022 2.1
Brazil 0% 01-Jul-2021 1.8
Brazil 0% 01 Jul 2022 1.6
Colombia 6.25% 26-Nov-2025 1.5
South Africa Gov Bond 10.5% 21-Dec-2026 1.5
Colombia 6% 28-Apr-2028 1.4
Poland 2.5% 25-Apr-2024 1.4
Czech Republic Gov Bond 3.85% 2021 1.4
Poland 2.25% 25 Apr 2022 1.4
Poland 2.5% 25-Jan-2023 1.3

Country (%)

Poland 9.9
Mexico 9.9
Brazil 9.9
Thailand 8.6
South Africa 8.3
Czech Republic 7.2
Colombia 7.0
Hungary 7.0
Indonesia 6.4
Other 26.0

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.

LGIM Index Fund Management Team

Literature

Prices

Name
I GBP Acc
Mid price
109.56p
Change (%)
-0.508536
Currency
GBP
Price time
22:30 Irish time
Name
I EUR Acc
Mid price
104.13c
Change (%)
-0.487385
Currency
EUR
Price time
22:30 Irish time
Name
C EUR Acc
Mid price
104.37c
Change (%)
-0.48627
Currency
EUR
Price time
22:30 Irish time
Name
K GBP Acc
Mid price
110.14p
Change (%)
-0.496883
Currency
GBP
Price time
22:30 Irish time
Name
K EUR Acc
Mid price
104.88c
Change (%)
-0.483917
Currency
EUR
Price time
22:30 Irish time
Name
Z GBP Acc
Mid price
110.18p
Change (%)
-0.496704
Currency
GBP
Price time
22:30 Irish time
Name
Z EUR Acc
Mid price
105.19c
Change (%)
-0.491912
Currency
EUR
Price time
22:30 Irish time
Name
Z USD Acc
Mid price
98.61c
Change (%)
-0.574713
Currency
USD
Price time
22:30 Irish time

Further details

Costs

Price basis
Single - dilution levy
Initial charge
0.00%
Ongoing charges figure
0.25%
Dilution levy
0.3%
Entry Anti-Dilution Levy
0.15%
Exit Anti-Dilution Levy
0.15%

Codes

ISIN
IE00BGXQV478
SEDOL
BGXQV47
Bloomberg
LGEECEU 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:

For valuations and account queries contact:

Legal & General ICAV
LGIM Liquidity Funds Plc

Northern Trust International Fund Administration Services (Ireland) Limited
George’s Court, 54-62 Townsend Street
Dublin 2, Ireland.
Fax: +353 1 434 5293
Telephone: +353 1 434 5080
Email: [email protected]

Legal & General SICAV
Northern Trust Global Services SE
6 rue Lou Hemmer
L-1748 Senningerberg
Grand-Duché de Luxembourg
Facsimile: +352 276 222 150
Telephone: +352 276 222 514
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.

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.

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

Information for all Collectives is issued by Legal & General Investment Management Limited (‘LGIM’). It is a MiFID II compliant investment management firm that acts as Promoter and Distributor to a range of EU domiciled UCITS umbrella companies and a range of UK domiciled UCITS and Non UCITS Retail Schemes. LGIM also acts has been appointed as the Investment Manager of these funds.

Legal & General Investment Management Limited 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

Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan's prior written approval. Copyright 2018, J.P. Morgan Chase & Co. All rights reserved.