L&G Emerging Markets Government Bond (USD) Screened Index Fund
ICAV (UCITS compliant)
L&G Emerging Markets Government Bond (USD) Screened Index Fund
I-Class EUR (Hedged) Accumulation
ISINIE00BGXQTK98
ISINIE00BGXQTK98
Fund aim
The investment objective of the Fund is to provide investors with a return in line with the Emerging Markets government bond market, as represented by the J.P. Morgan Screened, Tilted and Reweighted Emerging Markets Bond Index (EMBI) Global Diversified (the “Index”).
Fund snapshot
- What does it invest in? Invests primarily in bonds issued in US dollars by governments of developing countries as determined by the index. These bonds will be a mixture of sub-investment grade (higher risk), investment grade (lower risk) and non-rated bonds. The index includes only bonds that meet the index provider’s socially responsible investing (“SRI”) requirements and environmental, social and governance (“ESG”) rating criteria. The fund may also use derivatives.
- How does it invest? Passively managed, aiming to track the performance of the index.
- Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics which are met by tracking the Index. Further information on how such characteristics are met by the Fund can be found in the Fund Supplement.
- The Fund will invest more in companies with higher ESG scores, and will also invest in companies with lower ESG scores, but by a reduced amount.
Fund facts
| Fund size | |
| Base currency | USD |
| Fund launch date | 6 Dec 2018 |
| Share class launch | 21 Dec 2018 |
| Domicile | Ireland |
| Modified duration | 6.27 years |
| Gross redemption yield (unhedged) | 6.60% |
Benchmark
J.P. Morgan Screened, Tilted and Reweighted Emerging Markets Bond Index (EMBI) Global Diversified
Performance
Performance scenarios
Example investment: 10,000 EUR
Portfolio breakdown
As at 30 Sep 2026
| Top 10 holdings | 6.8% |
|---|---|
| Rest of portfolio | 93.2% |
| No. of issuers in fund | 122 |
|---|---|
| No. of issuers in index | 123 |
Top 10 holdings (%)
| Argentine Govt Bond 4.125% 09 Jul 35 | 1.2 |
| Uruguay Govt Intl Bd 5.1% 18 Jun 50 | 0.8 |
| Argentine Govt Intl Bd 0.75% 09 Jul 30 | 0.7 |
| Argentine Govt Bond 5% 09 Jan 38 | 0.7 |
| Ghana Int Bond 5% 03 Jul 35 | 0.7 |
| Ecuador Govt Intl Bond 6.9% 31 Jul 35 | 0.6 |
| Argentine Int Bond 3.5% 09 Jul 41 | 0.6 |
| Uruguay Bond 5.442% 14 Feb 37 | 0.6 |
| Uruguay Govt Intl Bd 4.975% 20 Apr 55 | 0.5 |
| Uruguay Govt Intl Bd 5.75% 28 Oct 34 | 0.5 |
Country (%)
Poland | 5.4 |
Hungary | 4.7 |
Brazil | 4.1 |
Chile | 3.9 |
Uruguay | 3.8 |
Dominican Republic | 3.7 |
Saudi Arabia | 3.7 |
Turkey | 3.6 |
Oman | 3.5 |
Other | 63.6 |
| Top 10 holdings | 6.8% |
|---|---|
| Rest of portfolio | 93.2% |
| No. of issuers in fund | 122 |
|---|---|
| No. of issuers in index | 123 |
Top 10 holdings (%)
| Argentine Govt Bond 4.125% 09 Jul 35 | 1.2 |
| Uruguay Govt Intl Bd 5.1% 18 Jun 50 | 0.8 |
| Argentine Govt Intl Bd 0.75% 09 Jul 30 | 0.7 |
| Argentine Govt Bond 5% 09 Jan 38 | 0.7 |
| Ghana Int Bond 5% 03 Jul 35 | 0.7 |
| Ecuador Govt Intl Bond 6.9% 31 Jul 35 | 0.6 |
| Argentine Int Bond 3.5% 09 Jul 41 | 0.6 |
| Uruguay Bond 5.442% 14 Feb 37 | 0.6 |
| Uruguay Govt Intl Bd 4.975% 20 Apr 55 | 0.5 |
| Uruguay Govt Intl Bd 5.75% 28 Oct 34 | 0.5 |
Country (%)
Poland | 5.4 |
Hungary | 4.7 |
Brazil | 4.1 |
Chile | 3.9 |
Uruguay | 3.8 |
Dominican Republic | 3.7 |
Saudi Arabia | 3.7 |
Turkey | 3.6 |
Oman | 3.5 |
Other | 63.6 |
Years to maturity (%)
0 - 5 Years | 34.6 |
5 - 10 Years | 32.7 |
10 - 15 Years | 9.3 |
15 - 20 Years | 4.8 |
20 - 25 Years | 9.1 |
25 - 30 Years | 7.5 |
30 - 40 Years | 1.8 |
40+ Years | 0.3 |
Credit rating (%)
| A | 15.3 | |
| BBB | 36.8 | |
| BBB- | 0.3 | |
| BB | 27.1 | |
| BB- | 0.1 | |
| B+ | 0.4 | |
| B | 15.1 | |
| B- | 0.2 | |
| CCC+ | 0.9 | |
| Other | 3.8 |
Currency (%)
USD | 100.0 |
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
L&G Index Fund Management Team
The skill set and expertise we have developed over 35+ years in index management has allowed us to continuously evolve our investment processes. The Index Fund Management team comprises 30 fund managers with an average experience of 15 years, supported by 33 broader team members. Management oversight is provided by Dave Barron, Global Head of Index, ETFs & Systematic Solutions. The team also has full access to the resources and research of other specialists within L&G, including economists and strategists.
SFDR categorisation
Article 8
Environmental characteristics
Social characteristics
The Fund promotes the above-mentioned characteristics by tracking the J.P. Morgan Screened, Tilted and Reweighted Emerging Markets Bond Index (EMBI) Global Diversified (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and 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
The Fund promotes the above-mentioned characteristics by tracking the J.P. Morgan Screened, Tilted and Reweighted Emerging Markets Bond Index (EMBI) Global Diversified (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and 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 follows the following sustainability-related investment strategy by tracking the Index that applies:
Exclusions
Tilting
Taxonomy
Sustainable InvestmentsPrincipal Adverse ImpactsLiterature
Document type
Prices
Pricing information
| Price basis | Single - dilution levy |
| Price time | 22:30 Irish time |
| Currency | EUR |
Codes and dealing
Codes
| ISIN | IE00BGXQTK98 |
| SEDOL | BGXQTK9 |
| Bloomberg | LGEEIEH ID |
| MEX | LGAAST |
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:
