Collectives

ICAV (UCITS compliant)

L&G Emerging Markets Government Bond (USD) Index Fund

I-Class GBP (Unhedged) Accumulation

ISINIE00BMGRBH20

Price

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").

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.

Fund facts

Fund size$509.4m
Base currencyUSD
Fund launch date2 Mar 2018
DomicileIreland
Share class launch27 Aug 2020
Modified duration6.70 years
Gross redemption yield (unhedged)6.93%
As at 31 Jan 2024

Benchmark

JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified Index

Costs

Initial charge0.00%
Ongoing charges figure0.29%
Dilution levy0.406% - round trip
Entry anti-dilution levy0.40%
Exit anti-dilution levy0.00%

Performance

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 reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
Share class launch date:27 Aug 2020
Benchmark:JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified Index
Share class launch date:27 Aug 2020
Benchmark:JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified Index
    Share class launch date:27 Aug 2020
    Benchmark:JPMorgan Emerging Markets Bond Index (EMBI) Global Diversified Index

    Portfolio breakdown

    As at 31 Jan 2024

    Top 10 holdings4.8%
    Rest of portfolio95.2%
    No. of issuers in fund162
    No. of issuers in index165

    Top 10 holdings (%)

    Kuwait Govt Intl Bd3.5% 20 Mar 270.7
    Uruguay Govt Intl Bd 5.1% 18 Jun 500.7
    Ecuador Govt Intl Bd 3.5% 31 Jul 350.5
    Argentine Govt Intl Bd 3.625% 09Jul350.5
    Qatar Govt Intl Bd4.817% 14 Mar 490.5
    Qatar Govt Intl Bd5.103% 23 Apr 480.4
    Kazakhstan Govt Intl Bd 5.125% 21 Jul 250.4
    Petronas Capital 4.55% 21 Apr 500.4
    Poland Govt Bond 5.5% 04 Apr 530.4
    Argentine Govt Intl Bd 0.75% 09 Jul 300.4

    Country (%)

    Mexico
    5.2
    Saudi Arabia
    5.1
    Indonesia
    4.8
    Turkey
    4.5
    United Arab Emirates
    4.3
    China
    4.2
    Brazil
    3.6
    Qatar
    3.5
    Chile
    3.4
    Other
    61.6

    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 headshot

    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

    Prices

    Pricing information

    Price basisSingle - dilution levy
    Price time22:30 Irish time
    CurrencyGBP
    Monthly price history

    Codes and dealing

    Codes

    ISINIE00BMGRBH20
    SEDOLBMGRBH2
    BloombergLGEMIGA ID
    MEX-

    Dealing information

    Valuation frequencyDaily, 22:30 Irish time
    Dealing frequencyEach Irish and UK Business Day
    Settlement periodT+2
    Administrator/CustodianNorthern Trust

    Country registration

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

    Denmark
    Finland
    Germany
    Ireland
    Italy
    Netherlands
    Norway
    Sweden
    Switzerland
    United Kingdom