Unit Trust (UCITS compliant)

Legal & General Global Inflation Linked Bond Index Fund

Asset Management Market Study

In response to the Asset Management Market Study, we have updated the investment objectives and policies of our UK authorised funds to make them more useful for our investors. This includes explaining why or how our funds use particular benchmarks or, if they do not use a benchmark, how investors should assess the performance of a fund. There is no change to the way the funds are managed.

Updated KIIDs and prospectuses are available for the UK authorised funds. The August fact sheets with the new disclosures will be available from September 2019.

For further information on the Asset Management Market Study, please download our frequently asked questions

Fund facts

Fund size
£1,162.9m
Base currency
GBP
Launch date
28 Aug 2013
Domicile
UK
Share class launch

Statistics

Distribution yield
1.5%
Modified duration
8.20 years

As at 30 Jun 2019

Fund aim

The objective of the Fund is to provide a combination of growth and income by tracking the Barclays World Government Ex UK Inflation Linked Bonds Hedged GBP Index, the “Index”. This objective is after the deduction of charges and taxation.

Benchmark

Bloomberg Barclays World Government Ex UK Inflation Linked Bonds TR Hedged GBP Index

Sector

IA Global Bonds

  • Aims to track the Bloomberg Barclays World Government Ex UK Inflation Linked Bonds TR Hedged GBP Index
  • Invests in a broad range of inflation-linked bonds from around the globe
  • Employs a straightforward, low-cost and pragmatic index replication approach, with currency exposure hedged back to sterling

Further details

Costs

Price basis
Dual
Initial charge
0.00%
Ongoing charges figure
0.27%
Bid / Offer spread
0.15%

Codes

ISIN
GB00BBHXNN27
SEDOL
BBHXNN2
Bloomberg
LGGILIA LN
MEX
LGINCE

Dealing information

Valuation frequencyDaily, 3pm (UK time)
Dealing frequencyDaily
Settlement periodT+4

Find out more about price basis methodologies: View Guide to investing with us

Country registration

This share class is registered for sale in the following countries:

Fund updates

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Jun 2019

    Cumulative Fund Benchmark
    1 month 1.26 1.12
    6 months 5.18 5.20
    Year to date 5.18 5.20
    3 years 3.50 4.17
    5 years 7.31 8.69
    Since launch 12.46 -
    Annualised Fund Benchmark
    1 year 2.93 3.17
    3 years 1.15 1.37
    5 years 1.42 1.68
    Since launch 2.03 -

    As at 30 Jun 2019

    Cumulative Fund Benchmark
    Quarterly 2.50 2.64
    Year to date 5.18 5.20
    3 years 3.50 4.17
    5 years 7.31 8.69
    Since launch 12.46 -
    Annualised Fund Benchmark
    1 year 2.93 3.17
    3 years 1.15 1.37
    5 years 1.42 1.68
    Since launch 2.03 -
    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 -0.63 4.34 -1.25 1.83 2.93
    Benchmark -0.37 4.72 -1.16 2.16 3.17

    Calendar year performance (%)

    2014 2015 2016 2017 2018
    Fund 4.51 -0.96 4.05 2.17 -2.14
    Benchmark 5.33 -0.62 4.48 2.16 -1.97

    Monthly performance (%)

    Annualised performance (%)

    1 year 3 years 5 years Since launch
    Fund 2.93 1.15 1.42 2.03
    Benchmark 3.17 1.37 1.68 -

    Annualised performance (%)

    1 year 3 years 5 years Since launch
    Fund 2.93 1.15 1.42 2.03
    Benchmark 3.17 1.37 1.68 -

    Performance for the C Acc unit class in GBP, launched on 09 December 2013. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the C Inc unit class in GBP, launched on 09 December 2013. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the F Acc unit class in GBP, launched on 28 August 2013. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the F Inc unit class in GBP, launched on 28 August 2013. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the I Acc unit class in GBP, launched on 28 August 2013. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the I Inc unit class in GBP, launched on 28 August 2013. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the L Acc unit class in GBP, launched on 25 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    Past performance is not a guide to the future.

    Performance for the L Inc unit class in GBP, launched on 28 August 2013. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.

    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 62.0
    EUR 27.1
    JPY 4.3
    CAD 2.8
    AUD 1.5
    SEK 1.2
    NZD 0.7
    DKK 0.3

    Years to maturity (%)

    0 to 5 34.2
    5 to 10 41.8
    10 to 15 6.7
    15 to 20 2.0
    20 to 25 8.7
    25 to 30 6.3
    30 to 40 0.3

    Credit rating (%)

    AAA 71.2
    AA 13.9
    A 7.1
    BBB 7.7

    Sector (%)

    Government Bond 100.0
    Top 10 holdings 20.8
    Rest of portfolio 79.2
    No. of issuers in fund 21
    No. of issuers in index 21

    Top 10 holdings (%)

    US Treasury 0.625% 2023 2.3
    TIPS 0.125% 2022 2.1
    US Treasury 0.125% 2022 2.1
    US Treasury 0.625% 2026 2.1
    US Treasury 0.125% 2023 2.1
    US Treasury 0.125% 2021 2.1
    TIPS 0.125% 2024 2.0
    US Treasury 0.375% 2023 2.0
    US Treasury 2.375% 2025 2.0
    US Treasury 0.375% 2025 2.0

    Country (%)

    United States 62.0
    France 13.2
    Italy 7.7
    Japan 4.3
    Germany 3.3
    Canada 2.8
    Spain 2.8
    Australia 1.5
    Sweden 1.2
    Other 1.0

    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

    Fund updates

    Income

    Latest dividends

    The latest dividends are shown below. The historic level of income generated by this fund may go down as well up and will vary over time.

    of

    Dividend history

    Total dividends paid in each financial year of the fund.

    Prices

    Name
    I GBP Acc
    Bid price
    57.68p
    Offer price
    57.76p
    Absolute change
    0.001
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    I GBP Inc
    Bid price
    54.51p
    Offer price
    54.59p
    Absolute change
    0.0009
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    F GBP Acc
    Bid price
    56.94p
    Offer price
    57.01p
    Absolute change
    0.001
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    F GBP Inc
    Bid price
    54.37p
    Offer price
    54.44p
    Absolute change
    0.0009
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Acc
    Bid price
    57.98p
    Offer price
    58.05p
    Absolute change
    0.001
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Inc
    Bid price
    54.58p
    Offer price
    54.65p
    Absolute change
    0.0009
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    L GBP Acc
    Bid price
    52.58p
    Offer price
    52.65p
    Absolute change
    0.0009
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    L GBP Inc
    Bid price
    54.61p
    Offer price
    54.69p
    Absolute change
    0.001
    Currency
    GBP
    Price time
    15:00 UK time

    For valuations and account queries contact:

    Legal & General (Unit Trust Managers) Limited
    PO Box 6080
    Wolverhampton
    WV1 9RB
    Tel : 0370 050 0955
    Email: [email protected]

    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

    Bloomberg® is a trademark and service mark of Bloomberg Finance L.P. (collectively with its affiliates, “Bloomberg”). Barclays® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approve or endorse this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.