PMCs

Unit-Linked Life Insurance

Global Diversified Credit SDG Fund - GBP Currency Hedged

Fund codeYAAM

Fund aim

The fund aims to provide a long term return consisting of a combination of growth and income. The Fund is managed with reference to the Benchmark Index.

Fund characteristics

The fund may achieve all or a significant amount of its exposure by purchasing shares in the L&G Global Diversified Credit SDG Fund which is a UCITS Compliant SICAV sub-fund. The underlying fund invests predominantly in fixed income securities. These include bonds and other debt instruments, issued in a variety of currencies by companies and governments from around the world. The underlying fund may also invest in other transferable securities, including but not limited to, depository receipts, permitted deposits, money market instruments, cash, near cash and units in collective investment schemes. The underlying fund will use derivatives for investment purposes or to reduce risk or cost to generate additional growth. In order to protect against exchange rate movements between the base currency of the underlying fund (US dollars) and sterling, currency hedging is employed by way of purchasing units in the GBP hedged share class of the underlying fund.

Fund facts

Fund size£395.8m
Base currencyGBP
DomicileUnited Kingdom
Share class launch10/12/21
As at 31 Dec 2023

Performance

Source: LGIM. Performance is reported in GBP based on weekly mid-market prices before the deduction of fees.
Past performance is not a guide to future performance and the value of investments can go down as well as up.
Share class launch date:10 Dec 2021
Benchmark:Composite - 40% blended 50/50 benchmark comprising the JPM EMBI Global Diversified 3-5 Years Index (sovereign) and the JPM CEMBI Diversified 3-5 Years Index (corporate), - 40% Bank of America Merrill Lynch Global High Yield BB-B Rated 2% Constrained Ex-Financial Index and - 20% Bloomberg USD/EUR/GBP Corporates 1% issuer capped
Share class launch date:10 Dec 2021
Benchmark:Composite - 40% blended 50/50 benchmark comprising the JPM EMBI Global Diversified 3-5 Years Index (sovereign) and the JPM CEMBI Diversified 3-5 Years Index (corporate), - 40% Bank of America Merrill Lynch Global High Yield BB-B Rated 2% Constrained Ex-Financial Index and - 20% Bloomberg USD/EUR/GBP Corporates 1% issuer capped
    Share class launch date:10 Dec 2021
    Benchmark:Composite - 40% blended 50/50 benchmark comprising the JPM EMBI Global Diversified 3-5 Years Index (sovereign) and the JPM CEMBI Diversified 3-5 Years Index (corporate), - 40% Bank of America Merrill Lynch Global High Yield BB-B Rated 2% Constrained Ex-Financial Index and - 20% Bloomberg USD/EUR/GBP Corporates 1% issuer capped

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 issuers13.7%
    Rest of portfolio86.3%
    No. of issuers514

    Top 10 issuers (%)

    United States of America4.2
    Dominican Republic1.3
    Hungary1.3
    Romania1.2
    Kingdom of Bahrain1.1
    Republic of South Africa1.0
    Federal Republic of Germany1.0
    GIC Pte1.0
    Charter Communications0.8
    United Mexican States0.8

    Currency (%)

    USD
    80.1
    EUR
    14.7
    GBP
    5.8
    Other
    0.0

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

    Literature

    Prices

    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.

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    Monthly price history

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