ICAV (UCITS compliant)

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

Fund facts

Fund size
$913.6m
Base currency
USD
Launch date
2 Mar 2018
Domicile
Ireland
Share class launch

Statistics

Modified duration
7.18 years
Gross redemption yield (unhedged)
4.86%

As at 30 Jun 2019

Fund aim

The fund aims to track the performance of the Emerging Markets government bond market as represented by the JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified.

Benchmark

JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified Index

  • Aims to track the performance of the JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified
  • Invests in dollar-denominated bonds issued by governments in emerging markets
  • Employs a straightforward, low-cost and pragmatic index replication approach

Fund updates

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Jun 2019

    Cumulative Fund
    1 month 3.18
    6 months -
    Year to date -
    3 years -
    5 years -
    Since launch 7.87
    Annualised Fund
    1 year -
    3 years -
    5 years -
    Since launch 17.66

    As at 30 Jun 2019

    Cumulative Fund
    Quarterly 3.31
    Year to date -
    3 years -
    5 years -
    Since launch 7.87
    Annualised Fund
    1 year -
    3 years -
    5 years -
    Since launch 17.66
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    12 months to 30 June 2015 2016 2017 2018 2019
    Fund - - - - -

    Calendar year performance (%)

    2014 2015 2016 2017 2018
    Fund - - - - -

    Monthly performance (%)

    Annualised performance (%)

    1 year 3 years 5 years Since launch
    Fund - - - 17.66

    Annualised performance (%)

    1 year 3 years 5 years Since launch
    Fund - - - 17.66

    Performance for the Z EUR (Unhedged) Acc unit class in EUR, launched on 02 March 2018. 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 guide to the future.

    Performance for the I EUR (Unhedged) Acc unit class in EUR, launched on . 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 guide to the future.

    Performance for the I EUR (Hedged) Acc unit class in EUR, launched on 11 January 2019. 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 guide to the future.

    Performance for the I EUR (Hedged) Inc unit class in EUR, launched on 10 April 2019. 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 guide to the future.

    Performance for the K EUR (Unhedged) Acc unit class in EUR, launched on 02 March 2018. 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 guide to the future.

    Performance for the K EUR (Hedged) Acc unit class in EUR, launched on 14 March 2018. 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 guide to the future.

    Performance for the K GBP (Unhedged) Acc unit class in GBP, launched on . 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 guide to the future.

    Performance for the P EUR (Unhedged) Acc unit class in EUR, launched on . 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 guide to the future.

    Performance for the Z EUR (Unhedged) Acc unit class in EUR, launched on 02 March 2018. 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 guide to the future.

    Performance for the Z EUR (Hedged) Acc unit class in EUR, launched on 01 May 2018. 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 guide to the future.

    Performance for the Z EUR (Hedged) Inc unit class in EUR, launched on 20 September 2018. 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 guide to the future.

    Performance for the Z GBP (Hedged) Inc unit class in GBP, launched on 11 January 2019. 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 guide to the future.

    Performance for the Z USD Acc unit class in USD, launched on . 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 guide to the future.

    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 (%)

    USD 100.0

    Years to maturity (%)

    0 to 5 29.8
    5 to 10 35.6
    10 to 15 7.5
    15 to 20 4.2
    20 to 25 5.5
    25 to 30 14.3
    30 to 40 3.0
    40+ 0.2

    Credit rating (%)

    AA 3.5
    A 12.2
    BBB 34.8
    BB 14.1
    B 31.5
    CCC 1.3
    CC 0.2
    C 0.1
    D 0.3
    Other 2.2
    Top 10 holdings 5.5
    Rest of portfolio 94.6
    No. of issuers in fund 191
    No. of issuers in index 215

    Top 10 holdings (%)

    Republica Orient Uruguay 5.1% 2050 0.8
    Peru 8.75% 2033 0.6
    Russian Federation 5.25% 2047 0.6
    Peru 5.625% 2050 0.6
    Republic of Poland 5.0% 2022 0.6
    Panama 6.70% 2036 0.5
    OGIMK 4.4% 2023 USD 0.5
    ECUA 10.75% C 2022 0.5
    Iraq Government Bond 5.80% 2028 0.5
    Ukraine Government Bond 7.375% 2032 0.5

    Country (%)

    Mexico 4.4
    Indonesia 4.2
    China 4.0
    Russia 3.3
    Turkey 3.2
    Philippines 3.1
    Brazil 2.9
    Peru 2.8
    Panama 2.8
    Other 69.4

    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

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    This share class is not currently pricing.
    This share class is not currently pricing.