LGIM Global Corporate Bond Fund
ICVC (UK UCITS compliant)
LGIM Global Corporate Bond Fund
F-Class EUR (Hedged) Accumulation
ISINGB00B6V6NT85
Price
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 currency | GBP |
Fund launch date | 10 Sep 2012 |
Domicile | UK |
Share class launch | 14 Feb 2013 |
Modified duration | 6.30 years |
Gross redemption yield (unhedged) | 5.24% |
Benchmark
Bloomberg Capital USD / EUR / GBP Corporate 1% Issuer Capped Index (Unhedged)
Costs
Initial charge | 0.00% |
Ongoing charges figure | 0.05% |
Dilution levy | 0.348% - round trip |
Performance
Portfolio breakdown
As at 29 Feb 2024
Top 10 issuers | 18.3% |
---|---|
Rest of portfolio | 81.7% |
No. of issuers | 659 |
---|
Top 10 issuers (%)
United States of America | 4.1 |
Bank of America | 2.2 |
JPMorgan Chase & Co | 2.1 |
Wells Fargo & Co | 1.8 |
AerCap Holdings | 1.5 |
Pfizer | 1.4 |
AbbVie | 1.4 |
Credit Mutuel | 1.3 |
Volkswagen | 1.3 |
Bristol-Myers Squibb Co | 1.3 |
Currency (%)
USD | 58.7 |
EUR | 29.2 |
GBP | 11.6 |
AUD | 0.5 |
CAD | 0.1 |
JPY | -0.2 |
Other | 0.0 |
Top 10 issuers | 18.3% |
---|---|
Rest of portfolio | 81.7% |
No. of issuers | 659 |
---|
Top 10 issuers (%)
United States of America | 4.1 |
Bank of America | 2.2 |
JPMorgan Chase & Co | 2.1 |
Wells Fargo & Co | 1.8 |
AerCap Holdings | 1.5 |
Pfizer | 1.4 |
AbbVie | 1.4 |
Credit Mutuel | 1.3 |
Volkswagen | 1.3 |
Bristol-Myers Squibb Co | 1.3 |
Currency (%)
USD | 58.7 |
EUR | 29.2 |
GBP | 11.6 |
AUD | 0.5 |
CAD | 0.1 |
JPY | -0.2 |
Other | 0.0 |
Credit rating (%)
Fund | Benchmark | Relative | ||
---|---|---|---|---|
AAA | 0.3 | 0.1 | 0.2 | |
AA | 2.6 | 2.0 | 0.6 | |
A | 7.6 | 8.1 | -0.5 | |
BBB | 7.7 | 9.2 | -1.5 | |
BB | 0.2 | - | 0.2 | |
B | 0.1 | - | 0.1 | |
CCC | 0.0 | - | 0.0 | |
C | 0.0 | - | 0.0 | |
D | 0.0 | - | 0.0 | |
NR | 0.0 | - | 0.0 | |
Cash & Equivalents | 81.5 | 80.7 | 0.9 |
Top sector over/underweights (%)
Fund | Benchmark | Relative | ||
---|---|---|---|---|
Govt Related | 9.7 | - | 9.7 | |
REITS | 3.8 | 2.1 | 1.7 | |
Banking | 28.3 | 26.7 | 1.6 | |
ABS | 1.3 | - | 1.3 | |
Cash and Equivalents | 1.1 | - | 1.1 | |
Consumer Cyclical | 9.0 | 8.5 | 0.5 | |
Financial | 4.2 | 3.7 | 0.5 | |
Utility - Other | 0.5 | 0.5 | 0.0 | |
CMBS | 0.0 | - | 0.0 | |
Other | - | 0.0 | 0.0 | |
Utility - Gas | 1.0 | 1.1 | -0.1 | |
Transportation | 1.7 | 2.7 | -1.0 | |
Communications | 6.6 | 8.0 | -1.4 | |
Insurance | 3.3 | 4.9 | -1.6 | |
Consumer Non-Cyclical | 12.9 | 14.5 | -1.6 | |
Utility - Electric | 3.5 | 5.6 | -2.1 | |
Industrial | 13.1 | 21.7 | -8.6 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
Colin Reedie
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
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
Document type
Prices
Pricing information
Price basis | Single - dilution levy |
Price time | 22:00 UK time |
Currency | EUR |
Download full price history
Codes and dealing
Codes
ISIN | GB00B6V6NT85 |
SEDOL | B6V6NT8 |
Bloomberg | LGGEUHF LN |
MEX | - |
Dealing information
Valuation frequency | Daily, 22:00 GMT |
Dealing frequency | Each Business Day |
Settlement period | T+3 |
Country registration
This share class is registered for sale in the following countries: