Legal & General Emerging Markets Government Bond (Local Currency) Index Fund
Unit Trust (UK UCITS compliant)
Legal & General Emerging Markets Government Bond (Local Currency) Index Fund
I-Class GBP Accumulation
ISINGB00B8L19S87
Price
ISINGB00B8L19S87
Price
Fund aim
The objective of the Fund is to track the performance of the JPMorgan GBI-EM Global Diversified Local Currency Index, the "Benchmark Index" before fees and expenses are applied. Fund performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.
Fund snapshot
- What does it invest in? Invests in bonds issued by governments in developing countries, denominated in their local currency.
- How does it invest? Passively managed, aiming to replicate the performance of the Index.
Fund facts
Fund size | £986.7m |
Base currency | GBP |
Fund launch date | 29 Jan 2016 |
Domicile | UK |
Share class launch | 29 Jan 2016 |
Distribution yield | 6.3% |
Modified duration | 4.98 years |
Benchmark
JPMorgan GBI-EM Global Diversified Local Currency Index
Costs
Initial charge | 0.00% |
Ongoing charges figure | 0.35% |
Dilution adjustment | 0.17% - round trip |
Performance
Portfolio breakdown
As at 31 Jan 2024
Top 10 holdings | 13.0% |
---|---|
Rest of portfolio | 87.0% |
No. of issuers in fund | 27 |
---|---|
No. of issuers in index | 19 |
Top 10 holdings (%)
Brazil Letras do Tes 0% 01 Jul 26 | 1.6 |
Brazil Letras do Tes 0% 01 Jan 26 | 1.5 |
Brazil Notas Do Tes F 10% 01 Jan 29 | 1.5 |
Brazil Notas do Tes F 10% 01 Jan 27 | 1.4 |
South Africa Govt Bd 10.5% 21 Dec 26 | 1.4 |
Mexican Bonos 5.75% 05 Mar 26 | 1.3 |
Brazil Notas do Tes F 10% 01 Jan 25 | 1.2 |
South Africa Govt Bd 8% 31 Jan 30 | 1.1 |
South Africa Govt Bd 8.75% 28 Feb 48 | 1.0 |
Mexican Bonos 7.5% 03 Jun 27 | 1.0 |
Sector (%)
Government | 100.0 |
Top 10 holdings | 13.0% |
---|---|
Rest of portfolio | 87.0% |
No. of issuers in fund | 27 |
---|---|
No. of issuers in index | 19 |
Top 10 holdings (%)
Brazil Letras do Tes 0% 01 Jul 26 | 1.6 |
Brazil Letras do Tes 0% 01 Jan 26 | 1.5 |
Brazil Notas Do Tes F 10% 01 Jan 29 | 1.5 |
Brazil Notas do Tes F 10% 01 Jan 27 | 1.4 |
South Africa Govt Bd 10.5% 21 Dec 26 | 1.4 |
Mexican Bonos 5.75% 05 Mar 26 | 1.3 |
Brazil Notas do Tes F 10% 01 Jan 25 | 1.2 |
South Africa Govt Bd 8% 31 Jan 30 | 1.1 |
South Africa Govt Bd 8.75% 28 Feb 48 | 1.0 |
Mexican Bonos 7.5% 03 Jun 27 | 1.0 |
Sector (%)
Government | 100.0 |
Years to maturity (%)
0 - 5 Years | 48.1 |
5 - 10 Years | 30.4 |
10 - 15 Years | 11.1 |
15 - 20 Years | 5.9 |
20 - 25 Years | 2.2 |
25 - 30 Years | 2.3 |
Currency (%)
BRL | 10.1 |
CNY | 10.0 |
MXN | 10.0 |
MYR | 10.0 |
IDR | 9.9 |
THB | 9.7 |
ZAR | 8.5 |
PLN | 7.7 |
CZK | 6.3 |
Other | 17.9 |
Country (%)
Brazil | 10.1 |
China | 10.0 |
Malaysia | 10.0 |
Thailand | 9.7 |
Mexico | 9.3 |
Indonesia | 9.2 |
South Africa | 8.5 |
Poland | 7.6 |
Czech Republic | 6.3 |
Other | 19.4 |
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 swing |
Price time | 12:00 UK time |
Currency | GBP |
Codes and dealing
Codes
ISIN | GB00B8L19S87 |
SEDOL | B8L19S8 |
Bloomberg | LGEMGIA |
MEX | LGBMET |
Dealing information
Valuation frequency | Daily, 12pm (UK time) |
Dealing frequency | Daily |
Settlement period | T+4 |
Country registration
This share class is registered for sale in the following countries: