ICVC (UK UCITS compliant)

LGIM Global Corporate Bond Fund

F-Class EUR (Hedged) Accumulation

ISINGB00B6V6NT85

Price

Fund aim

The objective of the Fund is to provide capital growth and income above those of the Bloomberg Capital USD / EUR / GBP Corporate 1% Issuer Capped Index (Unhedged) (the “Benchmark Index”). The Fund aims to outperform the Benchmark Index over rolling three year periods, after the deduction of all fees and expenses.

Fund snapshot

  • What does it invest in? Invests in a variety of US Dollar, Sterling and Euro denominated bonds issued by companies, governments or other entities, including asset backed securities. May also invest in derivatives.
  • How does it invest? Actively managed, with discretion for the Manager to select bonds and other fixed income instruments in different geographies, sectors and currencies, provided they have an investment grade (lower risk) credit rating.

Fund facts

Fund size£1,357.8m
Base currencyGBP
Fund launch date10 Sep 2012
DomicileUK
Share class launch14 Feb 2013
Modified duration6.30 years
Gross redemption yield (unhedged)5.24%
As at 29 Feb 2024

Benchmark

Bloomberg Capital USD / EUR / GBP Corporate 1% Issuer Capped Index (Unhedged)

Costs

Initial charge0.00%
Ongoing charges figure0.05%
Dilution levy0.348% - round trip

Performance

Performance for the F EUR (Hedged) Acc unit class in EUR, launched on 14 February 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.
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:14 Feb 2013
Benchmark:USD/EUR/GBP Corp 1% Iss Cap TR EUR Hedged*
Share class launch date:14 Feb 2013
Benchmark:USD/EUR/GBP Corp 1% Iss Cap TR EUR Hedged*
    Share class launch date:14 Feb 2013
    Benchmark:USD/EUR/GBP Corp 1% Iss Cap TR EUR Hedged*

    Portfolio breakdown

    As at 29 Feb 2024

    Top 10 issuers18.3%
    Rest of portfolio81.7%
    No. of issuers659

    Top 10 issuers (%)

    United States of America4.1
    Bank of America2.2
    JPMorgan Chase & Co2.1
    Wells Fargo & Co1.8
    AerCap Holdings1.5
    Pfizer1.4
    AbbVie1.4
    Credit Mutuel1.3
    Volkswagen1.3
    Bristol-Myers Squibb Co1.3

    Currency (%)

    USD
    58.7
    EUR
    29.2
    GBP
    11.6
    AUD
    0.5
    CAD
    0.1
    JPY
    -0.2
    Other
    0.0
    This is the currency breakdown before allowing for any hedging the fund may use.

    All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Fund managers

    Colin Reedie headshot

    Colin Reedie

    Colin Reedie's award

    Colin is co-Head of Global Fixed Income and has responsibility for the London based fixed income team as well as overall portfolio management responsibilities for our Global Credit and Absolute Return strategies. Colin joined LGIM in 2005 from Henderson Global Investors where he was Head of Investment Grade Credit Fund Management. He has over 30 years’ experience in bond markets, specialising in non-government debt, and he has previously worked for Henderson Global Investors, Scottish Widows and Scottish Amicable.

    Matthew Rees headshot

    Matthew Rees

    Matthew was appointed Head of Global Bond Strategies in September 2019. Prior to this he was co-head of the Euro credit portfolio management team, responsible for Euro-benchmarked and absolute return funds. He joined LGIM in March 2009 as a senior research analyst responsible for covering financial institutions and joined the Euro credit portfolio management team in February 2011. Prior to this Matthew spent three years as a Partner at Banquo Credit Management (a multibillion euro absolute return investment manager) and four years at UBS as Head of Financial Institutions Ratings Advisory. Matthew has more than 20 years’ experience in financial services and graduated from the University of York with a BA (hons) in English. He qualified as a chartered accountant with Coopers & Lybrand in 1996.

    Literature

    Prices

    Pricing information

    Price basisSingle - dilution levy
    Price time22:00 UK time
    CurrencyEUR
    Monthly price history
    Please note that a maximum of 10 years price history is available.

    Codes and dealing

    Codes

    ISINGB00B6V6NT85
    SEDOLB6V6NT8
    BloombergLGGEUHF LN
    MEX-

    Dealing information

    Valuation frequencyDaily, 22:00 GMT
    Dealing frequencyEach Business Day
    Settlement periodT+3

    Country registration

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

    United Kingdom