Collectives

L&G Euro Treasury Bond Index Fund

L&G Euro Treasury Bond Index Fund

I-Class EUR Accumulation

Fund aim

The Fund aims to provide investors with a return in line with the Euro government bond market, as represented by the Bloomberg Euro Treasury Index (the "Index").

Fund snapshot

  • What does it invest in? Invests primarily in bonds that make up the index, issued in euros by governments of Eurozone countries. These bonds will be investment grade bonds (lower risk). The Fund may also use derivatives.
  • How does it invest? Passively managed, aiming to replicate the performance of the index.

Fund facts

Fund size€95.7m
Base currencyEUR
Fund launch date8 Dec 2016
DomicileIreland
Share class launch27 Aug 2020
Modified duration7.22 years
Gross redemption yield (unhedged)2.88%
As at 31 Jan 2024

Benchmark

Bloomberg Euro Aggregate Treasury Index

Costs

Initial charge0.00%
Ongoing charges figure0.19%
Dilution levy0.142% - round trip
Entry anti-dilution levy0.07%
Exit anti-dilution levy0.07%

Performance

Performance for the I EUR Acc unit class in EUR, launched on 27 August 2020. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.
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.
As at 31 Jan 20241m3mYTD1y3yLaunch3y p.a.Launch p.a.
I Acc EUR-0.566.18-0.563.89-15.98-14.47-5.64-4.45
Benchmark-0.496.25-0.494.08-15.57-13.94-5.48-4.28
Relative-0.07-0.07-0.07-0.19-0.41-0.53-0.16-0.17
Share class launch date: 27 Aug 2020
Benchmark: Bloomberg Euro Aggregate Treasury Index
To 31 Dec 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
I Acc EUR6.58-18.31-3.57-------
Benchmark7.13-18.46-3.46-------
Relative-0.55+0.15-0.11-------
Share class launch date: 27 Aug 2020
Benchmark: Bloomberg Euro Aggregate Treasury Index
Performance fromto
  • I Acc EUR-14.51%
  • Benchmark-14.01%
Created with Highcharts 11.4.1Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24-25-20-15-10-505Highcharts.com
Share class launch date: 27 Aug 2020
Benchmark: Bloomberg Euro Aggregate Treasury Index

Performance scenarios

The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product with input from the over the last 10 years. Markets could develop very differently in the future.

Example investment: 10,000 EUR

Scenarios1 year(Recommended holding period) 5 years
Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress scenario
What you might get back after costs7,450 EUR7,310 EUR
Average return each year (%)-25.51 EUR-6.08 EUR
Unfavourable scenario
What you might get back after costs8,170 EUR8,890 EUR
Average return each year (%)-18.31 EUR-2.33 EUR
Moderate scenario
What you might get back after costs10,170 EUR12,000 EUR
Average return each year (%)1.73 EUR3.71 EUR
Favourable scenario
What you might get back after costs11,370 EUR15,840 EUR
Average return each year (%)13.66 EUR9.64 EUR

Portfolio breakdown

As at 31 Jan 2024

Created with @product.name@ @product.version@Highcharts.com
Top 10 holdings7.8%
Rest of portfolio92.2%
No. of issuers in fund20
No. of issuers in index20

Top 10 holdings (%)

French Govt Bond OAT 2.5% 25 May 300.8
French Govt Bond OAT 2.75% 25 Oct 270.8
French Govt Bond OAT 0.75% 25 May 280.8
French Govt BondOAT 0.75% 25 Feb 280.8
French Govt Bond OAT 1.5% 25 May 310.8
French Govt Bond OAT 1% 25 Nov 250.8
French Govt Bond OAT 0.25% 25 Nov 260.8
Deutsche Bundesanleihe 2.3% 15 Feb 330.8
French Govt Bond OAT 0.75% 25 Nov 280.7
French Govt Bond OAT 0% 25 Nov 300.7

Country (%)

France
24.4
Italy
21.8
Germany
18.9
Spain
14.3
Belgium
5.2
Netherlands
4.4
Austria
3.5
Portugal
2.0
Ireland
1.6
Other
3.9

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

LGIM Index Fund Management Team headshot

LGIM Index Fund Management Team

The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.

Literature

Prices

Pricing information

Price basisSingle - dilution levy
Price time22:30 Irish time
CurrencyEUR
Monthly price history

Download full price history

Codes and dealing

Codes

ISINIE00BYX4XP24
SEDOLBYX4XP2
BloombergLGETBIE ID
MEX-

Dealing information

Valuation frequencyDaily, 22:30 Irish time
Dealing frequencyEach Irish and UK Business Day
Settlement periodT+2
Administrator/CustodianNorthern Trust

Country registration

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

Denmark
Finland
Ireland
Italy
Norway
Spain
Sweden
Switzerland
United Kingdom

For valuations and account queries contact:

Legal & General ICAV
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

Key risks

The value of an investment and any income taken from it is not guaranteed and can go down as well as up. You may not get back the amount you originally invested.

Past performance is not a guide to the future.

This fund holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell bonds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.

The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.

The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.

Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains.

The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.

We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.

Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.

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.

Our thinking

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

Read our latest thought leadership

Index

Learn more about our wide range of index solutions.

Index at LGIM: an overview

Contact us

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

Get in touch