PMCs

Unit-Linked Life Insurance

Overseas Bond Index Fund

Fund aim

The investment objective of the fund is to track the performance of the J.P. Morgan Global Government (ex UK) Traded Bond Index to within +/-0.5% p.a. for two years out of three.

Fund characteristics

The fund employs an index tracking strategy, aiming to replicate the performance of its benchmark. We follow a pragmatic approach to managing index funds, either investing directly in the securities of that index, or indirectly through other LGIM funds.

Fund facts

Fund size£1,099.8m
Base currencyGBP
DomicileUnited Kingdom
Share class launch11/10/95
Modified duration6.93 years
Gross redemption yield (unhedged)2.94%
As at 31 Dec 2023

Benchmark

J.P. Morgan Global Government (ex-UK) Traded Bond Index

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:11 Oct 1995
Benchmark:J.P. Morgan Global Government (ex-UK) Traded Bond Index
Share class launch date:11 Oct 1995
Benchmark:J.P. Morgan Global Government (ex-UK) Traded Bond Index
    Share class launch date:11 Oct 1995
    Benchmark:J.P. Morgan Global Government (ex-UK) Traded Bond Index

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings5.1%
    Rest of portfolio94.9%
    No. of issuers in fund12
    No. of issuers in index12

    Top 10 holdings (%)

    US Treasury Note/Bond 4.125% 15 Nov 320.6
    US Treasury Note/Bond 1.125% 15 Feb 310.5
    US Treasury Note/Bond 1.25% 15 Aug 310.5
    US Treasury Note/Bond 1.625% 15 May 310.5
    US Treasury Note/Bond 1.75% 15 Nov 290.5
    US Treasury Note/Bond 1.875% 15 Feb 320.5
    US Treasury Note/Bond 0.875% 15 Nov 300.5
    US Treasury Note/Bond 1.375% 15 Nov 310.5
    US Treasury Note/Bond 2.875% 15 May 320.5
    US Treasury Note/Bond 0.75% 15 Nov 240.5

    Country (%)

    United States
    51.8
    Japan
    19.1
    France
    6.9
    Italy
    6.1
    Germany
    5.2
    Spain
    4.0
    Canada
    2.1
    Australia
    1.8
    Belgium
    1.5
    Other
    1.7

    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

    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close, daily close, or daily midday 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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    Please note that a maximum of 10 years price history is available.