L&G 15 Year+ Germany, France and Netherlands Government Bond Index Fund
ICAV (UCITS compliant)
L&G 15 Year+ Germany, France and Netherlands Government Bond Index Fund
I-Class EUR Accumulation
ISINIE00BJ7W3C43
Price
ISINIE00BJ7W3C43
Price
Fund aim
The objective of the Fund is to provide a combination of growth and income by tracking the performance of the FTSE EMU Government Bond Germany, France and Netherlands Over 15 Year Index (the “Index”).
Fund snapshot
- What does it invest in? Invests primarily in Euro denominated bonds that are constituents of the index, issued by the German, French and Dutch governments that have a minimum remaining maturity of over 15 years and an investment grade (lower risk) credit rating. May also invest in sub-investment grade (higher risk) and non-rated bonds. The Fund may also use derivatives.
- How does it invest? Passively managed, aiming to replicate the performance of the index.
Fund facts
| Fund size | €235.2m |
| Base currency | EUR |
| Fund launch date | 29 Jan 2020 |
| Domicile | Ireland |
| Share class launch | 29 Jan 2020 |
| Modified duration | 17.75 years |
| Gross redemption yield (unhedged) | 2.78% |
Benchmark
FTSE EMU Government Bond Germany, France and Netherlands Over 15 Year Index
Costs
| Initial charge | 0.00% |
| Ongoing charges figure | 0.12% |
| Dilution levy | 0.122% - round trip |
| Entry anti-dilution levy | 0.06% |
| Exit anti-dilution levy | 0.06% |
Performance
Portfolio breakdown
As at 31 Jan 2024
| Top 10 holdings | 48.5% |
|---|---|
| Rest of portfolio | 51.5% |
Top 10 holdings (%)
| French Govt Bond OAT 4.5% 25 Apr 41 | 7.4 |
| Deutschland Bunde 2.5% 15 Aug 46 | 5.1 |
| French Govt Bond OAT 3.25% 25 May 45 | 5.0 |
| Deutschland Bunde 2.5% 04 Jul 44 | 4.9 |
| Deutschland Bunde 1.25% 15 Aug 48 | 4.6 |
| Deutschland Bunde 4.75% 04 Jul 40 | 4.5 |
| French Govt Bond OAT 1.75% 25 Jun 39 | 4.5 |
| Deutschland Bunde 1.8% 15 Aug 53 | 4.3 |
| Deutschland Bunde 0% 15 Aug 50 | 4.2 |
| French Govt Bond OAT 2% 25 May 48 | 4.0 |
Country (%)
France | 50.7 |
Germany | 37.4 |
Netherlands | 11.9 |
| Top 10 holdings | 48.5% |
|---|---|
| Rest of portfolio | 51.5% |
Top 10 holdings (%)
| French Govt Bond OAT 4.5% 25 Apr 41 | 7.4 |
| Deutschland Bunde 2.5% 15 Aug 46 | 5.1 |
| French Govt Bond OAT 3.25% 25 May 45 | 5.0 |
| Deutschland Bunde 2.5% 04 Jul 44 | 4.9 |
| Deutschland Bunde 1.25% 15 Aug 48 | 4.6 |
| Deutschland Bunde 4.75% 04 Jul 40 | 4.5 |
| French Govt Bond OAT 1.75% 25 Jun 39 | 4.5 |
| Deutschland Bunde 1.8% 15 Aug 53 | 4.3 |
| Deutschland Bunde 0% 15 Aug 50 | 4.2 |
| French Govt Bond OAT 2% 25 May 48 | 4.0 |
Country (%)
France | 50.7 |
Germany | 37.4 |
Netherlands | 11.9 |
Years to maturity (%)
15 - 20 Years | 34.5 |
20 - 25 Years | 29.0 |
25 - 30 Years | 23.0 |
30 - 40 Years | 10.9 |
40+ Years | 2.7 |
Credit rating (%)
AAA | 49.3 |
AA | 50.7 |
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 | IE00BJ7W3C43 |
| SEDOL | BJ7W3C4 |
| Bloomberg | LGNBIIE ID |
| MEX | N/A |
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:
