ICAV (UCITS compliant)

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

Fund facts

Fund size
$935.7m
Base currency
USD
Launch date
31 Jan 2019
Domicile
Ireland
Share class launch

Statistics

Modified duration
5.38 years
Gross redemption yield (unhedged)
4.16%

As at 31 Aug 2020

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 Local Currency Index

  • What does it invest in? Invests primarily in bonds issued in the relevant national currency by governments of developing countries as determined by the index. These bonds will be a mixture of sub-investment grade (higher risk), investment grade (lower risk) and non-rated bonds. The index includes only bonds that meet the index provider’s socially responsible investing (“SRI”) requirements and environmental, social and governance (“ESG”) rating criteria. The Fund may also use derivatives.
  • How does it invest? Passively managed, aiming to replicate the performance of the index.

Further details

Costs

Price basis
Single - dilution levy
Initial charge
0.00%
Ongoing charges figure
0.34%
Dilution levy
0.3%
Entry Anti-Dilution Levy
0.15%
Exit Anti-Dilution Levy
0.15%

Codes

ISIN
IE00BGXQV148
SEDOL
BGXQV14
Bloomberg
LGEEIGU 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:

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Aug 2020

    CumulativeFund
    1 month-1.82
    6 months-3.34
    Year to date-3.93
    3 years-
    5 years-
    Since launch0.78
    AnnualisedFund
    1 year-7.11
    3 years-
    5 years-
    Since launch0.54

    As at 30 Jun 2020

    CumulativeFund
    Quarterly9.81
    Year to date0.39
    3 years-
    5 years-
    Since launch5.31
    AnnualisedFund
    1 year-0.54
    3 years-
    5 years-
    Since launch4.13
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 June 2016 2017 2018 2019 2020
    Fund-----0.54

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund-----

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-7.11--0.54

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-0.54--4.13

    Performance for the C EUR (Unhedged) Acc unit class in EUR, launched on 07 June 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 C GBP (Unhedged) Acc unit class in GBP, launched on 11 June 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 guide to the future.

    Performance for the I EUR (Unhedged) Acc unit class in EUR, launched on 21 March 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 (Unhedged) Inc unit class in EUR, launched on 13 December 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 GBP (Unhedged) Acc unit class in GBP, launched on 21 March 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 USD Acc unit class in USD, launched on 31 October 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 31 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 K EUR (Unhedged) Inc unit class in EUR, launched on 27 March 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 guide to the future.

    Performance for the K GBP (Unhedged) Acc unit class in GBP, launched on 12 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 Z EUR (Unhedged) Acc unit class in EUR, launched on 04 March 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 GBP (Unhedged) Acc unit class in GBP, 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 Z USD Acc unit class in USD, launched on 02 July 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.

    Portfolio

    As at 31 Aug 2020. 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 (%)

    PLN10.0
    MXN9.3
    IDR9.1
    MYR9.0
    THB8.3
    BRL8.2
    CZK8.0
    ZAR7.2
    COP5.3
    Other25.7

    Years to maturity (%)

    0 to 540.8
    5 to 1036.6
    10 to 1513.3
    15 to 205.6
    20 to 251.9
    25 to 301.6
    Not Classified0.2

    Credit rating (%)

    AA7.7
    AA-0.3
    A+3.4
    A25.4
    A-0.4
    BBB45.5
    BBB-0.2
    BB17.1
    Top 10 holdings13.1
    Rest of portfolio87.0

    Top 10 holdings (%)

    Poland 2.5% 25-Jul-20261.6
    Poland 2.25% 25 Apr 20221.5
    South Africa Gov Bond 10.5% 21-Dec-20261.4
    Brazil 0% 01 Jul 20231.3
    Poland 2.5% 25-Jan-20231.3
    Czech Republic Gov Bond 0.45% 20231.3
    Brazil 10.0% 01 Jan 20251.2
    Poland 2.75% 20281.2
    Colombia 6.25% 26-Nov-20251.2
    Colombia 7% 04-May-20221.2

    Country (%)

    Poland10.0
    Mexico9.3
    Indonesia9.1
    Malaysia9.0
    Thailand8.3
    Brazil8.2
    Czech Republic8.0
    South Africa7.2
    Colombia5.3
    Other25.7

    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.

    LGIMIndex Fund Management Team

    Literature

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    Trading information

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