ICAV (UCITS compliant)

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

I-Class GBP (Unhedged) AccumulationI-Class EUR (Unhedged) AccumulationI-Class EUR (Unhedged) IncomeI-Class USD AccumulationC-Class GBP (Unhedged) AccumulationC-Class EUR (Unhedged) AccumulationK-Class GBP (Unhedged) AccumulationK-Class EUR (Unhedged) AccumulationK-Class EUR (Unhedged) IncomeZ-Class GBP (Unhedged) AccumulationZ-Class EUR (Unhedged) AccumulationZ-Class USD Accumulation
ISIN
Price103.51p
As at26 Jan 2021
Price101.60c
As at26 Jan 2021
Price91.73c
As at26 Jan 2021
Price104.23c
As at26 Jan 2021
Price98.94p
As at26 Jan 2021
Price102.00c
As at26 Jan 2021
Price104.32p
As at26 Jan 2021
Price102.60c
As at26 Jan 2021
Price105.42c
As at26 Jan 2021
Price104.47p
As at26 Jan 2021
Price103.01c
As at26 Jan 2021
Price105.89c
As at26 Jan 2021

Fund facts

Fund size
$1,117.4m
Base currency
USD
Launch date
31 Jan 2019
Domicile
Ireland
Share class launch

Statistics

Modified duration
5.40 years
Gross redemption yield (unhedged)
3.97%

As at 31 Dec 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.

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Dec 2020

    CumulativeFund
    1 month1.04
    6 months-0.02
    Year to date0.37
    3 years-
    5 years-
    Since launch5.29
    AnnualisedFund
    1 year0.37
    3 years-
    5 years-
    Since launch2.93

    Share class launch date: 07 Jun 2019

    Share class launch date: 11 Jun 2020

    Share class launch date: 21 Mar 2019

    Share class launch date: 13 Dec 2019

    Share class launch date: 21 Mar 2019

    Share class launch date: 31 Oct 2019

    Share class launch date: 31 Jan 2019

    Share class launch date: 27 Mar 2020

    Share class launch date: 12 Apr 2019

    Share class launch date: 04 Mar 2019

    Share class launch date: 10 Apr 2019

    Share class launch date: 02 Jul 2019

    As at 31 Dec 2020

    CumulativeFund
    Quarterly3.44
    Year to date0.37
    3 years-
    5 years-
    Since launch5.29
    AnnualisedFund
    1 year0.37
    3 years-
    5 years-
    Since launch2.93

    Share class launch date: 07 Jun 2019

    Share class launch date: 11 Jun 2020

    Share class launch date: 21 Mar 2019

    Share class launch date: 13 Dec 2019

    Share class launch date: 21 Mar 2019

    Share class launch date: 31 Oct 2019

    Share class launch date: 31 Jan 2019

    Share class launch date: 27 Mar 2020

    Share class launch date: 12 Apr 2019

    Share class launch date: 04 Mar 2019

    Share class launch date: 10 Apr 2019

    Share class launch date: 02 Jul 2019

    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 31 December 2016 2017 2018 2019 2020
    Fund----0.37

    Data as at 31.12.2020

    Calendar year performance (%)

    2016 2017 2018 2019 2020
    Fund----0.37

    Data as at 31.12.2020

    Monthly performance (%)

     

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund0.37--2.93

    Data as at 31.12.2020

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund0.37--2.93

    Data as at 31.12.2020

    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 Dec 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 (%)

    PLN9.8
    MXN9.3
    IDR9.0
    MYR8.7
    THB8.2
    BRL8.1
    ZAR7.4
    CZK6.2
    CNY5.9
    Other27.4

    Years to maturity (%)

    0 to 542.3
    5 to 1035.6
    10 to 1512.3
    15 to 205.6
    20 to 251.9
    25 to 302.2
    Not Classified0.2

    Credit rating (%)

    AA5.9
    AA-0.4
    A+5.1
    A25.4
    A-0.3
    BBB45.7
    BBB-0.2
    BB15.7
    B1.4
    Top 10 holdings12.4
    Rest of portfolio87.6

    Top 10 holdings (%)

    Brazil 0% 20241.5
    South Africa Gov Bond 10.5% 21-Dec-20261.4
    Poland 2.5% 25-Jul-20261.4
    Poland 2.5% 25-Jan-20231.3
    Poland 2.25% 25 Apr 20221.2
    Brazil 0% 01 Jul 20231.2
    Brazil 10.0% 01 Jan 20251.2
    Brazil 10.0% 01 Jan 20231.2
    Czech Republic Gov Bond 0.45% 20231.1
    Colombia 6% 28-Apr-20281.1

    Country (%)

    Poland9.8
    Mexico9.3
    Indonesia9.0
    Malaysia8.7
    Thailand8.2
    Brazil8.1
    South Africa7.4
    Czech Republic6.2
    China5.9
    Other27.4

    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.

    LGIMIndex Fund Management Team

    Literature

    Key literature

    Fact sheet
    31 Dec 2020
    Fact sheet
    31 Dec 2020
    Fact sheet
    31 Dec 2020
    Fact sheet
    31 Dec 2020
    Fact sheet
    31 Dec 2020
    Fact sheet
    31 Dec 2020
    Fact sheet
    31 Dec 2020
    Fact sheet
    31 Dec 2020
    Fact sheet
    31 Dec 2020
    Fact sheet
    31 Dec 2020
    Fact sheet
    31 Dec 2020
    Fact sheet
    31 Dec 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    Prospectus
    25 May 2018

    Fact sheets

    2020Change date
    Fact sheet
    Choose share class

    Marketing documents

    Product profile
    14 Feb 2019

    Legal documents

    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    KIID
    21 Sep 2020
    Prospectus
    25 May 2018
    Country Supplement - UK
    11 Dec 2020
    Incorporation Document
    23 Mar 2017

    Report and accounts

    2020Change year
    Annual Report and Accounts
    31 Dec 2019
    Annual Report and Accounts
    31 Dec 2018
    Annual Report and Accounts
    31 Dec 2017
    Annual Report and Accounts
    31 Dec 2016
    Interim Report and Accounts
    30 Jun 2020
    Interim Report and Accounts
    30 Jun 2019
    Interim Report and Accounts
    30 Jun 2018
    Interim Report and Accounts
    30 Jun 2017

    Trading information

    Non-Trading Days
    01 Jan 2021

    Prices