ICAV (UCITS compliant)

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

Fund facts

Fund size
$944.2m
Base currency
USD
Launch date
6 Dec 2018
Domicile
Ireland
Share class launch

Statistics

Modified duration
7.54 years
Gross redemption yield (unhedged)
4.52%

As at 31 Jul 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 Emerging Markets Bond Index (EMBI) Global Diversified (the “Index”).

Benchmark

JPMorgan ESG Emerging Markets Bond Index (EMBI) Global Diversified Index

  • Participate in the growth of emerging market economies
  • Typically higher yield than similarly-rated developed market government bonds
  • Incorporate ESG factors, and positive and negative screens
  • Exposure to emerging market bonds across multiple countries

Portfolio

As at 31 Jul 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 (%)

USD 100.0

Years to maturity (%)

0 to 5 30.2
5 to 10 33.5
10 to 15 6.6
15 to 20 4.4
20 to 25 6.3
25 to 30 15.1
30 to 40 3.7
Over 40 0.3

Credit rating (%)

AA 5.7
A 13.5
BBB 37.1
BB 17.8
B 25.4
CCC 0.5
Top 10 holdings 8.1
Rest of portfolio 91.9

Top 10 holdings (%)

Uruguay 5.1% 18 Jun 2050 1.2
Poland 5% 23 Mar 2022 1.1
Hungary 6.375% 29 Mar 2021 0.9
Hungary 5.375% 25 Mar 2024 0.8
Peru 8.75% 21 Nov 2033 0.8
Hungary 5.75% 22 Nov 2023 0.7
Hungary 5.375% 21 Feb 2023 0.7
Peru 5.625% 18 Nov 2050 0.7
Poland 4% 22 Jan 2024 0.7
Poland 5.125% 21 Apr 2021 0.6

Country (%)

Mexico 4.3
Panama 4.1
Uruguay 4.0
Hungary 3.7
Poland 3.7
Philippines 3.6
Colombia 3.4
Brazil 3.3
Saudi Arabia 3.2
Other 66.7

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

Trading information

Prices

Name
I GBP Inc
Mid price
114.89p
Change (%)
-0.13907
Currency
GBP
Price time
22:30 Irish time
Name
I EUR Hedged Acc
Mid price
110.35c
Change (%)
-0.198969
Currency
EUR
Price time
22:30 Irish time
Name
K GBP Acc
Mid price
114.63p
Change (%)
-0.130685
Currency
GBP
Price time
22:30 Irish time
Name
K EUR Acc
Mid price
112.50c
Change (%)
-0.12429
Currency
EUR
Price time
22:30 Irish time
Name
K EUR Hedged Acc
Mid price
106.93c
Change (%)
-0.196005
Currency
EUR
Price time
22:30 Irish time
Name
Z GBP Hedged Acc
Mid price
111.59p
Change (%)
-0.205688
Currency
GBP
Price time
22:30 Irish time
Name
Z EUR Acc
Mid price
110.23c
Change (%)
-0.117796
Currency
EUR
Price time
22:30 Irish time
Name
Z EUR Hedged Acc
Mid price
106.50c
Change (%)
-0.196795
Currency
EUR
Price time
22:30 Irish time
Name
Z USD Acc
Mid price
113.75c
Change (%)
-0.20179
Currency
USD
Price time
22:30 Irish time
Name
Z CHF Hedged Acc
Mid price
1.11
Change (%)
-0.189377
Currency
CHF
Price time
22:30 Irish time

Further details

Costs

Price basis
Single - dilution levy
Initial charge
0.00%
Ongoing charges figure
0.32%
Dilution levy
0.544%
Entry Anti-Dilution Levy
0.27%
Exit Anti-Dilution Levy
0.27%

Codes

ISIN
IE00BGXQTK98
SEDOL
BGXQTK9
Bloomberg
LGEEIEH 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.