Given current market events we have now populated Fund Centre with Fund exposures to assets with “country of risk*” as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. Please see the exposures below for further information.
*Sourced from Bloomberg
Fund facts
Fund size
$648.0m
Base currency
USD
Launch date
2 Mar 2018
Domicile
Ireland
Share class launch
Statistics
Modified duration
6.85 years
Gross redemption yield (unhedged)
7.10%
As at 30 Jun 2022
Fund aim
The Fund aims to track the performance of the Emerging Markets government bond market as represented by the JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified (the "Index").
Benchmark
JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified Index
Fund snapshot
- What does it invest in? Invests primarily in US dollar-denominated bonds that make up the index, issued by governments of a broad range of developing countries. These bonds will be a mixture of sub-investment grade (higher risk), investment grade (lower 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.
Russia exposure
23 Feb 2022
2.66%
30 Jun 2022
0.00%
Belarus exposure
23 Feb 2022
0.43%
30 Jun 2022
0.00%
Ukraine exposure
23 Feb 2022
1.91%
30 Jun 2022
0.85%
As at 30 Jun 2022
These numbers give indicative Fund exposures to assets with “country of risk” sourced from Bloomberg as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. The figures are based on early price estimated data so may differ from the fully verified month end NAV exposure. Where the holding is “indirect” (for example held in a sub-fund), best efforts have been made to ensure that exposure to the sub-fund(s) is on a consistent basis. As at dates have been chosen to reflect exposure both before and after the significant recent falls in values of impacted assets.
Exposures are presented to two decimal places, exposures may be rounded to 0 if less than 0.05%.
These exposures do not give an indication of the relative exposures versus the benchmark. With regard to index-based strategies, LGIM has a duty to track the relevant index to ensure clients receive exposure as set out in the relevant investment objective. Following the imposition of sanctions and assets being removed from indices the market was effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.
Performance
Source: Lipper
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Performance (%)
Performance summary (%)
As at 30 Jun 2022
| Cumulative | Fund |
| 1 month | -3.35 |
| 6 months | -10.87 |
| Year to date | -10.87 |
| 3 years | - |
| 5 years | - |
| Since launch | -11.70 |
| Annualised | Fund |
| 1 year | -10.27 |
| 3 years | - |
| 5 years | - |
| Since launch | -6.54 |
As at 30 Jun 2022
| Cumulative | Fund |
| Quarterly | -4.63 |
| Year to date | -10.87 |
| 3 years | - |
| 5 years | - |
| Since launch | -11.70 |
| Annualised | Fund |
| 1 year | -10.27 |
| 3 years | - |
| 5 years | - |
| Since launch | -6.54 |
Rolling 12-month performance to last quarter end (%)
| 12 months to 30 June | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Fund | - | - | - | - | -10.27 |
Calendar year performance (%)
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Fund | - | - | - | - | -1.25 |
Monthly performance (%)
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -10.27 | - | - | -6.54 |
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -10.27 | - | - | -6.54 |
Performance for the Z EUR (Unhedged) Acc unit class in EUR, launched on 02 March 2018. 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 27 August 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 C GBP (Hedged) Inc unit class in GBP, launched on 08 June 2021. 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) Inc unit class in GBP, launched on 27 August 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 C USD Acc unit class in USD, launched on 30 August 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) Acc unit class in EUR, launched on . 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 (Hedged) Acc unit class in EUR, launched on 11 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 I EUR (Hedged) Inc unit class in EUR, 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 I GBP (Unhedged) Acc unit class in GBP, launched on 27 August 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 GBP (Unhedged) Inc unit class in GBP, launched on 27 August 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 USD Acc unit class in USD, launched on 30 August 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 02 March 2018. 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 (Hedged) Acc unit class in EUR, launched on 14 March 2018. 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 . 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 P EUR (Unhedged) Acc unit class in EUR, launched on . 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 02 March 2018. 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 (Hedged) Acc unit class in EUR, launched on 01 May 2018. 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 (Hedged) Inc unit class in EUR, launched on 20 September 2018. 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 (Hedged) Inc unit class in GBP, launched on 11 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 Z USD Acc unit class in USD, launched on . 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 30 Jun 2022. 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 | 100.0 |
Years to maturity (%)
| 0 - 5 Years | 33.2 | |
| 5 - 10 Years | 29.8 | |
| 10 - 15 Years | 7.8 | |
| 15 - 20 Years | 4.6 | |
| 20 - 25 Years | 7.9 | |
| 25 - 30 Years | 12.6 | |
| 30 - 40 Years | 3.5 | |
| 40+ Years | 0.5 |
| Top 10 holdings | 5.2 | |
| Rest of portfolio | 94.8 |
| No. of issuers in fund | 159 |
| No. of issuers in index | 163 |
Top 10 holdings (%)
| Kuwait Govt Intl Bd3.5% 20 Mar 27 | 0.8 |
| Uruguay Govt Intl Bd 5.1% 18 Jun 50 | 0.7 |
| Ecuador Govt Intl Bd 1% 31 Jul 35 | 0.7 |
| Qatar Govt Intl Bd5.103% 23 Apr 48 | 0.5 |
| Kazakhstan Govt Intl Bd 5.125% 21 Jul 25 | 0.5 |
| Brazilian Govt Intl Bd 4.25% 07 Jan 25 | 0.5 |
| Uruguay Govt Intl Bd 4.375% 23 Jan 31 | 0.5 |
| Qatar Govt Intl Bd4.817% 14 Mar 49 | 0.5 |
| Ecuador Govt Intl Bd 5% 31 Jul 30 | 0.4 |
| Petronas Capital 4.55% 21 Apr 50 | 0.4 |
Country (%)
| Indonesia | 5.3 | |
| China | 5.1 | |
| Mexico | 5.1 | |
| United Arab Emirates | 4.7 | |
| Saudi Arabia | 4.3 | |
| Qatar | 4.1 | |
| Turkey | 3.9 | |
| Philippines | 3.4 | |
| Brazil | 3.3 | |
| Other | 60.7 |
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
Key literature
Non-Trading Days
01 Jan 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
Fact sheet
30 Jun 2022
KIID
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17 Feb 2022
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07 Jun 2022Prospectus
31 Dec 2020Fact sheets
2022Change date
Legal documents
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17 Feb 2022
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07 Jun 2022UK EMT costs and charges
05 Jul 2022European EMT costs and charges
05 Jul 2022Prospectus
31 Dec 2020Country Supplement - UK
18 Jul 2022Incorporation Document
23 Mar 2017Reports and accounts
2021Change date
Annual Report and Accounts
31 Dec 2021Annual Report and Accounts
31 Dec 2020Annual Report and Accounts
31 Dec 2019Annual Report and Accounts
31 Dec 2018Annual Report and Accounts
31 Dec 2017Annual Report and Accounts
31 Dec 2016Interim Report and Accounts
30 Jun 2021Interim Report and Accounts
30 Jun 2020Interim Report and Accounts
30 Jun 2019Interim Report and Accounts
30 Jun 2018Interim Report and Accounts
30 Jun 2017Trading information
Prices
This share class is not currently pricing.
This share class is not currently pricing.
This share class is not currently pricing.