Collectives

SICAV (UCITS compliant)

L&G Global Opportunistic Credit Fund

I-Class EUR (Hedged) Accumulation

ISINLU3036631425

Fact Sheet

(English)

KID

(French)

KID

(Dutch)

Prospectus

(English)

ESG report

(English)

Please note: The L&G Global Special Situations Credit Fund changed name to the L&G Global Opportunistic Credit Fund on 29 September 2026.

Fund aim

The objective of the fund is to provide long term capital growth and income.

Fund snapshot

  • What does it invest in? Invests in fixed income securities across credit qualities, issued by corporations, governments, and government-related entities in a range of currencies and in countries worldwide.
  • How does it invest? Actively managed, investing in a portfolio of fixed income securities. The fund has a particular focus on “special situations credit”, where a bond’s price and fundamental value has become dislocated in the view of the Investment Manager. The fund will make use of derivatives for investment purposes and/or for efficient portfolio management.
  • Does it promote sustainability characteristics? The fund does not promote sustainability characteristics.

Fund facts

Fund size
Base currency USD
Fund launch date 16 Jul 2025
Share class launch 16 Jul 2025
Domicile Luxembourg
Modified duration 1.20 years
Gross redemption yield (unhedged) 10.10%
As at 30 Sept 2026

Benchmark

ICE BofA USD 3 Month Deposit Offered Rate Constant Maturity Total Return Index

Performance

Performance for the I EUR (Hedged) Acc unit class in EUR, launched on 16 July 2025. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing. Fund returns shown are based on prices as at the last fund trading day for the month. Due to bank holidays this may impact relative performance to any benchmarks which are priced on a bank holiday which falls within a month but after the last fund trading day for that month.
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: 16 Jul 2025
Benchmark: ICE BofA USD 3 Month Deposit Offered Rate Constant Maturity Total Return Index
Share class launch date: 16 Jul 2025
Benchmark: ICE BofA USD 3 Month Deposit Offered Rate Constant Maturity Total Return Index

Portfolio breakdown

As at 30 Sep 2026

Top 10 issuers49.2%
Rest of portfolio50.8%
No. of issuers50

Top 10 issuers (%)

United States of America24.5
Vmed O2 UK3.3
BCP VII Jade Holdco Cayman3.0
INEOS3.0
Azule Energy Holdings2.8
Raizen2.7
Braskem2.6
Evoke2.6
Grupo Antolin Holdco2.4
Atos Group2.3

Sector (%)

Sovereign
24.5
Consumer Services
16.8
Cash and Equivalents
10.6
Oil & Gas
10.5
Basic Materials
9.8
Consumer Goods
7.6
Industrials
7.0
Technology
5.9
Real Estate
2.7
Telecommunications
1.6
Health Care
1.4
Financial Services
0.7
Utilities
0.7
Unknown
0.2

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

Loading recommendations…

Fund managers

Adil Mirza headshot

Adil Mirza

Adil joined L&G’s Asset Management division in 2016 and is responsible for leading the Special Situations Credit Strategy. Before joining the business, Adil worked at Lloyds Banking Group. Prior to working at Lloyds Banking Group, he was a portfolio manager at Cutwater Asset Management where he managed various funds. Adil graduated from Queen Mary University and holds a BSc with honours in computer science and business studies.

John Ryan headshot

John Ryan

John leads the Global High Yield team in Active Strategies with responsibility for $7bn of AUM. John has managed the European High Yield portfolios since 2016 and the Developed Market ESG HY portfolios since 2018. Before this he was a Senior High Yield Analyst covering a range of global industries for more than a decade. John joined L&G as a Quantitative Analyst in 2005 after graduating from Imperial College, London with a first class honours degree in Mathematics. With this background he developed and built the quantitative tools the team uses for credit research and portfolio construction. John holds the IMC qualification.

Literature

Prices

Pricing information

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

Download full price history

Codes and dealing

Codes

ISINLU3036631425
SEDOLBTXXJF6
BloombergLGSIEHA LX
MEX8HAASI

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:

Belgium
Finland
Germany
Ireland
Italy
Luxembourg
Netherlands
Spain

For valuations and account queries contact:

Legal & General ICAV
LGIM Liquidity Funds Plc
Northern Trust International Fund Administration Services (Ireland) Limited
City East Plaza - Block A
Towlerton
Ballysimon Road
Limerick
Ireland
V94 X2N9
Fax: +353 1 434 5293
Telephone: +353 1 434 5080
Email: LGIM_ta_queries@ntrs.com

Legal & General SICAV
Northern Trust Global Services SE
10 Rue du Château d'Eau
L-3364 Leudelange
Grand-Duché de Luxembourg
Fax: +352 28 294 454
Telephone: +352 28 294 123
Email: LGIM-TA-LUX@ntrs.com

For Facilities agent services contact:

FE fundinfo
Email: fa_gfr@fefundinfo.com

Important information

This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.

No investment decisions should be made without first reviewing the key information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.

Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.

This information is only directed at investors resident in jurisdictions where each fund is registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.

All information detailed on this website is current at the time of publication and may be changed in the future.

Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.

Source and third party data

Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.

Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data.

Issuer

Issued by LGIM Managers (Europe) Limited as management company for this fund. Registered in Ireland No. 609677. Registered Office: 33/34 Sir John Rogerson’s Quay, Dublin, 2, Ireland. Authorised and Regulated by the Central Bank of Ireland No. C173733.

Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.

Index disclaimer

Source ICE Data Indices, LLC (“ICE DATA”), is used with permission. ICE Data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE Data, its affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend Legal & General Investment Management (Holdings) Limited or its affiliates, or any of their products or services.

Our thinking

Bringing our most compelling thoughts to help you make more informed investment decisions.

Read our latest thought leadership

Fixed income

We offer a wide range of fixed income solutions to meet your investment needs.

Fixed income at LGIM: an overview

Contact us

Contact us for further information on our investment solutions and services.

Get in touch