Collectives

SICAV (UCITS compliant)

L&G Commodity Index Fund

I-Class GBP Distribution

ISINLU2675110808

Price

Fund aim

The Fund aims to track the return of the Bloomberg Roll Select Commodity Index (the “Index”) less fees, expenses and transaction costs. There can be no assurance that the Fund will achieve its investment objective.

Fund snapshot

  • What does it invest in? Invests extensively in derivatives to gain exposure to a broad spread of physical commodities from around the world. The Fund may also invest in other assets which are detailed in the Fund's KIID document.
  • How does it invest? Passively managed, aiming to replicate the performance of the index.

Fund facts

Fund size$662.1m
Base currencyUSD
Fund launch date30 Nov 2017
DomicileLuxembourg
Share class launch6 Mar 2024
Modified duration0.27 years
As at 31 Jan 2024

Benchmark

Bloomberg Roll Select Commodity Index

Costs

Initial charge0.00%
Ongoing charges figure0.09%
Dilution adjustment0.02% - round trip

Performance

As this share class has been in existence for less than three months, there is insufficient data to provide a useful indication of past performance.

Portfolio breakdown

As at 31 Jan 2024

Asset allocation (%)

Energy
28.8
Grains
22.8
Industrial Metals
15.6
Precious Metals
19.0
Softs
7.8
Livestock
6.0

Energy (%)

Brent Crude Oil7.5
WTI Crude Oil7.3
Natural Gas6.3
ULS Diesel3.1
RBOB Gasoline2.4
Low Sulphur Gas Oil2.2

Grains (%)

Soybeans5.8
Corn5.7
Soybean Meal3.5
Soybean Oil3.3
Wheat2.8
HRW Wheat1.8

Industrial metals (%)

Copper5.5
Aluminium4.2
Nickel2.6
Zinc2.4
Lead0.9

Precious metals (%)

Gold14.6
Silver4.4

Softs (%)

Coffee3.1
Sugar3.1
Cotton1.7

Livestock (%)

Live Cattle3.6
Lean Hogs2.5

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

Dan King headshot

Dan King

Dan joined the Index Funds team in 2013 from LGIM’s Active Fixed Income department, where he was a fund manager in the Global Rates team. He has responsibility for managing a range of fixed income funds including UK conventional and index-linked gilts, overseas government bills and bonds, overseas corporate bonds and futures overlay funds. Dan joined LGIM in 2004. Prior to LGIM, Dan worked for Clerical Medical International for two years as part of their client management team. Dan holds a BA in economics and law and an MSc in finance, both from the University of Leicester. He also holds the Investment Management Certificate and is a CFA charterholder.

Lee Collins headshot

Lee Collins

Lee was appointed Head of Index Fixed Income in November 2017. Lee manages a number of LGIM’s fixed income index funds, focusing primarily on emerging market debt in which he has been involved since inception of the asset class at LGIM. Lee also manages a number of overseas corporate bond funds. Lee joined LGIM in September 2010 from State Street Global Advisors where he was a portfolio manager in the Fixed Income Beta Solutions team, managing a variety of global fixed income and derivative-based structured portfolios. Lee graduated from Loughborough University and holds a BSc (Hons) first class in business economics and finance.

Literature

Prices

Pricing information

Price basisSingle swing
Price time23:00 CET
CurrencyGBP
Monthly price history

Codes and dealing

Codes

ISINLU2675110808
SEDOLBMZ8F18
BloombergLGCMIGD LX
MEX-

Dealing information

Valuation frequencyDaily, 23:00 CET
Dealing frequencyEach Business Day
Settlement periodT+3
Administrator/CustodianNorthern Trust

Country registration

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

Luxembourg
United Kingdom