L&G Global Income Bond Fund
ICAV (UCITS compliant)
L&G Global Income Bond Fund
I-Class USD Accumulation
Fund aim
The investment objective of the Fund is to provide investors with a long term return through a combination of income and capital growth.
Fund snapshot
- What does it invest in? Invests primarily in fixed income securities, including bonds and other debt instruments, issued in a variety of currencies by companies and governments worldwide.
- How does it invest? Actively managed, investing in debt with an investment grade (lower risk) credit rating. May also invest in debt with a sub-investment grade (higher risk) credit rating or unrated bonds. Will use derivatives for investment purposes, efficient portfolio management and hedging.
- Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics. Further information on how such characteristics are met by the Fund can be found in the Supplement.
Fund facts
| Fund size | |
| Base currency | USD |
| Fund launch date | 21 Feb 2025 |
| Share class launch | 21 Feb 2025 |
| Domicile | Ireland |
| Modified duration | 3.20 years |
| Yield to worst | 7.40% |
| Yield to maturity* | 8.03% |
Benchmark
Bloomberg Global-Aggregate Total Return Index
Performance
Portfolio breakdown
As at 30 Sep 2026
| Top 10 issuers | 18.5% |
|---|---|
| Rest of portfolio | 81.5% |
| No. of issuers | 912 |
|---|
Top 10 issuers (%)
| United States of America | 4.0 |
| Oracle | 1.9 |
| Deutsche Bank | 1.8 |
| CPI Property Group | 1.8 |
| Space Exploration Technologies | 1.7 |
| Stellantis | 1.7 |
| Intesa Sanpaolo | 1.5 |
| Coventry Building Society | 1.4 |
| UBS Group | 1.4 |
| CMC Markets | 1.3 |
Sector (%)
Banks | 26.3 |
Sovereign | 8.9 |
Utilities | 8.0 |
Telecommunications | 6.4 |
Insurance | 6.3 |
ABS | 6.1 |
Financial Services | 5.9 |
Consumer Goods | 5.8 |
Consumer Services | 4.9 |
Oil & Gas | 4.7 |
Real Estate | 4.3 |
Technology | 3.9 |
Industrials | 3.3 |
Cash and Equivalents | 2.1 |
Other | 3.2 |
| Top 10 issuers | 18.5% |
|---|---|
| Rest of portfolio | 81.5% |
| No. of issuers | 912 |
|---|
Top 10 issuers (%)
| United States of America | 4.0 |
| Oracle | 1.9 |
| Deutsche Bank | 1.8 |
| CPI Property Group | 1.8 |
| Space Exploration Technologies | 1.7 |
| Stellantis | 1.7 |
| Intesa Sanpaolo | 1.5 |
| Coventry Building Society | 1.4 |
| UBS Group | 1.4 |
| CMC Markets | 1.3 |
Sector (%)
Banks | 26.3 |
Sovereign | 8.9 |
Utilities | 8.0 |
Telecommunications | 6.4 |
Insurance | 6.3 |
ABS | 6.1 |
Financial Services | 5.9 |
Consumer Goods | 5.8 |
Consumer Services | 4.9 |
Oil & Gas | 4.7 |
Real Estate | 4.3 |
Technology | 3.9 |
Industrials | 3.3 |
Cash and Equivalents | 2.1 |
Other | 3.2 |
Credit rating (%)
| AAA | 1.5 | |
| AA | 6.7 | |
| A | 6.5 | |
| BBB | 42.1 | |
| BB | 27 | |
| B | 12 | |
| CCC | 1.8 | |
| NR | 0.3 | |
| Cash | 2.1 | |
| Other | 0 |
Currency (%)
USD | 62.0 |
GBP | 22.0 |
EUR | 15.5 |
JPY | 0.2 |
Other | 0.0 |
Country (%)
United States | 32.7 |
United Kingdom | 20.3 |
France | 4.7 |
Germany | 3.5 |
Italy | 3.0 |
Canada | 2.4 |
Luxembourg | 2.1 |
Switzerland | 1.9 |
Spain | 1.9 |
Other | 27.5 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
Matthew Rees
Matthew is Head of Global Unconstrained Fixed Income at L&G, having lead the Global Bond Strategies team since 2019. Prior to this he was co-head of the Euro credit portfolio management team, and joined L&G in 2009. Before L&G, Matthew was a Partner at Banquo Credit Management (a multibillion euro absolute return investment manager) and has worked at UBS, Merrill Lynch and the rating agency Fitch IBCA. Matthew qualified as a chartered accountant with Coopers & Lybrand in 1996 and holds a BA (hons) in English from the University of York.
Enda Mulry
Enda joined L&G’s Global Bond Strategies team in 2014 as a credit portfolio manager where he now manages unconstrained portfolios. Enda joined L&G in 2008 as a trader within L&G’s Global Trading team. Prior to this Enda worked for four years as an ABS credit analyst and money market trader for DZ Bank in Dublin. Enda is a CFA charterhold and holds an MSc in Materials Science, Bachelor of Engineering and BA in Maths from Trinity College, Dublin.
SFDR categorisation
Article 8
Environmental characteristics
Social characteristics
No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by the Fund.
Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
Environmental characteristicsSocial characteristics
No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by the Fund.
Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
The Fund seeks to implement the Investment Manager’s Responsible Investment Framework which aims to provide a consistent and systematic approach to exclusions, refined criteria and thresholds for setting environmental and social characteristics with a defined terminology and approach to support the implementation of such characteristics across the financial products managed by the Investment Manager.
The Responsible Investment Framework sets out the various types of investment strategies that the Investment Manager’s financial products can follow and the responsible investing methodologies that explain how such investment strategies are defined and implemented.
The Fund follows the following investment strategies:
Carbon Emissions Intensity Target
L&G’s Future World Protection List
L&G’s Climate Impact Pledge
ESG Factor Evaluation
LGIM’s Securitised ESG Assessment MethodologyTaxonomySustainable InvestmentsPrincipal Adverse ImpactsLiterature
Document type
Prices
Pricing information
| Price basis | Single swing |
| Price time | 22:30 Irish time |
| Currency | USD |
Codes and dealing
Codes
| ISIN | IE0000LFWV98 |
| SEDOL | BNG4Z34 |
| Bloomberg | LGGIBIU ID |
| MEX | LEABJG |
| Benchmark Bloomberg | - |
Dealing information
| Valuation frequency | Daily, 22:30 Irish time |
| Dealing frequency | Each day on which banks in New York, Dublin and London are open, and on which the Stock Exchange in New York is open for business, except the last business day prior to Christmas Day. |
| Settlement period | T+2 |
| Administrator/Custodian | Northern Trust |
Country registration
This share class is registered for sale in the following countries:
* The Fund is on the list of restricted collective investment schemes, but is not authorised or recognised by the Monetary Authority of Singapore (the “MAS”) and the Shares cannot be offered or marketed to retail clients.
