L&G Global High Yield Bond Fund
SICAV (UCITS compliant)
L&G Global High Yield Bond Fund
I-Class EUR (Hedged) Accumulation
ISINLU1003760755
ISINLU1003760755
Fund aim
The objective of the Fund is to provide a combination of capital growth and income over the long term.
The Fund is actively managed and seeks to achieve this objective by investing at least 80% of its assets in a broad range of fixed income securities from around the world.
The Fund aims to deliver this objective while maintaining a lower weighted average carbon intensity than the Benchmark Index.
Fund snapshot
- What does it invest in? Invests predominantly in sub-investment grade (higher risk) fixed income securities including corporate bonds and other debt instruments, issued in a variety of currencies in countries worldwide.
- How does it invest? Actively managed, investing in fixed income securities that have a sub-investment grade (higher risk) credit rating. May also invest in unrated bonds, other types of securities and derivatives.
- 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 | 11 May 2015 |
| Share class launch | 27 Nov 2017 |
| Domicile | Luxembourg |
| Modified duration | 3.24 years |
| Yield to worst | 8.10% |
| Yield to maturity* | 8.26% |
Benchmark
ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Total Return Index (Hedged to USD)
Performance
Performance scenarios
Example investment: 10,000 EUR
Portfolio breakdown
As at 30 Sep 2026
| Top 10 issuers | 9.7% |
|---|---|
| Rest of portfolio | 90.3% |
| No. of issuers | 499 |
|---|
Top 10 issuers (%)
| Ecopetrol | 1.3 |
| Venture Global | 1.3 |
| INEOS | 1.2 |
| Charter Communications | 1.0 |
| Samarco Mineracao | 0.9 |
| Rackspace Technology | 0.9 |
| Telefonica | 0.8 |
| Alexandrite Lake Lux Holdings Sarl | 0.8 |
| CoreWeave | 0.8 |
| Olympus Water Holding I | 0.7 |
Currency (%)
USD | 74.1 |
EUR | 22.6 |
GBP | 3.3 |
| Top 10 issuers | 9.7% |
|---|---|
| Rest of portfolio | 90.3% |
| No. of issuers | 499 |
|---|
Top 10 issuers (%)
| Ecopetrol | 1.3 |
| Venture Global | 1.3 |
| INEOS | 1.2 |
| Charter Communications | 1.0 |
| Samarco Mineracao | 0.9 |
| Rackspace Technology | 0.9 |
| Telefonica | 0.8 |
| Alexandrite Lake Lux Holdings Sarl | 0.8 |
| CoreWeave | 0.8 |
| Olympus Water Holding I | 0.7 |
Currency (%)
USD | 74.1 |
EUR | 22.6 |
GBP | 3.3 |
Credit rating (%)
| Fund | Benchmark | Relative | ||
|---|---|---|---|---|
| BBB and above | 4.1 | - | 4.1 | |
| BB | 47.5 | 67.6 | -20.1 | |
| B | 35.2 | 32.4 | 2.8 | |
| Below B & split rated | 6.8 | - | 6.8 | |
| NR | 1.1 | - | 1.1 | |
| Cash | 5.3 | 0.0 | 5.3 |
Top sector over/underweights (%)
| Fund | Benchmark | Relative | ||
|---|---|---|---|---|
| Unclassified | 19.4 | - | 19.4 | |
| Cash | 5.3 | - | 5.3 | |
| Real Estate | 6.0 | 4.9 | 1.1 | |
| Retail | 6.0 | 5.2 | 0.8 | |
| Financial Services | 0.8 | - | 0.8 | |
| Media | 5.8 | 5.8 | 0.0 | |
| Leisure | 5.5 | 5.7 | -0.2 | |
| Transportation | 2.3 | 3.4 | -1.1 | |
| Automotive | 3.2 | 4.3 | -1.1 | |
| Technology & Electronics | 2.7 | 3.9 | -1.1 | |
| Basic Industry | 8.9 | 10.3 | -1.4 | |
| Consumer Goods | 2.6 | 4.3 | -1.8 | |
| Capital Goods | 4.3 | 6.2 | -1.9 | |
| Healthcare | 5.4 | 8.0 | -2.5 | |
| Services | 3.1 | 6.3 | -3.1 | |
| Utility | 3.3 | 6.5 | -3.2 | |
| Energy | 10.6 | 14.7 | -4.1 | |
| Telecommunications | 4.7 | 10.6 | -5.8 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
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.
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 LGIM’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 LGIM.
The Responsible Investment Framework sets out the various types of investment strategies that LGIM’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 sustainability-related investment strategy:
Carbon Emissions Intensity Target
L&G’s Future World Protection List
L&G’s Climate Impact Pledge
ESG Factor EvaluationTaxonomy
Sustainable InvestmentsPrincipal Adverse ImpactsLiterature
Document type
Prices
Pricing information
| Price basis | Single swing |
| Price time | 23:00 CET |
| Currency | EUR |
Codes and dealing
Codes
| ISIN | LU1003760755 |
| SEDOL | BG0WC90 |
| Bloomberg | LGGHIEH LX |
| MEX | - |
Dealing information
| Valuation frequency | Daily, 23:00 CET |
| Dealing frequency | Each Business Day |
| Settlement period | T+3 |
| 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.
