L&G 15 Year+ Germany, France and Netherlands Government Bond Index Fund
ICAV (UCITS compliant)
L&G 15 Year+ Germany, France and Netherlands Government Bond Index Fund
A-Class EUR Accumulation
ISINIE000DD229B5
Price
ISINIE000DD229B5
Price
Fund aim
The objective of the Fund is to provide a combination of growth and income by tracking the performance of the FTSE EMU Government Bond Germany, France and Netherlands Over 15 Year Index (the “Index”).
Fund snapshot
- What does it invest in? Invests primarily in Euro denominated bonds that are constituents of the index, issued by the German, French and Dutch governments that have a minimum remaining maturity of over 15 years and an investment grade (lower risk) credit rating. May also invest in sub-investment grade (higher risk) and non-rated bonds. The Fund may also use derivatives.
- How does it invest? Passively managed, aiming to replicate the performance of the index.
Fund facts
| Fund size | €235.2m |
| Base currency | EUR |
| Fund launch date | 29 Jan 2020 |
| Domicile | Ireland |
| Share class launch | 18 Oct 2021 |
| Modified duration | 17.75 years |
| Gross redemption yield (unhedged) | 2.78% |
As at 31 Jan 2024
Benchmark
FTSE EMU Government Bond Germany, France and Netherlands Over 15 Year Index
Costs
| Initial charge | 0.00% |
| Ongoing charges figure | 0.07% |
| Dilution levy | 0.122% - round trip |
| Entry anti-dilution levy | 0.06% |
| Exit anti-dilution levy | 0.06% |
Performance
Performance for the A EUR Acc unit class in EUR, launched on 18 October 2021. 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.
Share class launch date:18 Oct 2021
Benchmark:FTSE EMU Government Bond Germany, France and Netherlands Over 15 Year Index
Year
Share class launch date:18 Oct 2021
Benchmark:FTSE EMU Government Bond Germany, France and Netherlands Over 15 Year Index
Share class launch date:18 Oct 2021
Benchmark:FTSE EMU Government Bond Germany, France and Netherlands Over 15 Year 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
As at:31 Dec 2023
| Scenarios | 1 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 costs | 6,450EUR | 5,110EUR |
| Average return each year (%) | -35.50 | -12.58 | |
| Unfavourable scenario | What you might get back after costs | 6,450EUR | 10,070EUR |
| Average return each year (%) | -35.50 | 0.14 | |
| Moderate scenario | What you might get back after costs | 10,410EUR | 11,960EUR |
| Average return each year (%) | 4.14 | 3.64 | |
| Favourable scenario | What you might get back after costs | 18,280EUR | 23,800EUR |
| Average return each year (%) | 82.77 | 18.93 | |
Minimum
There is no minimum guaranteed return. You could lose some or all of your investment.
Stress scenario
What you might get back after costs6,450EUR5,110EUR
Average return each year (%)-35.50EUR-12.58EUR
Unfavourable scenario
What you might get back after costs6,450EUR10,070EUR
Average return each year (%)-35.50EUR0.14EUR
Moderate scenario
What you might get back after costs10,410EUR11,960EUR
Average return each year (%)4.14EUR3.64EUR
Favourable scenario
What you might get back after costs18,280EUR23,800EUR
Average return each year (%)82.77EUR18.93EUR
Portfolio breakdown
As at 31 Jan 2024
| Top 10 holdings | 48.5% |
|---|---|
| Rest of portfolio | 51.5% |
Top 10 holdings (%)
| French Govt Bond OAT 4.5% 25 Apr 41 | 7.4 |
| Deutschland Bunde 2.5% 15 Aug 46 | 5.1 |
| French Govt Bond OAT 3.25% 25 May 45 | 5.0 |
| Deutschland Bunde 2.5% 04 Jul 44 | 4.9 |
| Deutschland Bunde 1.25% 15 Aug 48 | 4.6 |
| Deutschland Bunde 4.75% 04 Jul 40 | 4.5 |
| French Govt Bond OAT 1.75% 25 Jun 39 | 4.5 |
| Deutschland Bunde 1.8% 15 Aug 53 | 4.3 |
| Deutschland Bunde 0% 15 Aug 50 | 4.2 |
| French Govt Bond OAT 2% 25 May 48 | 4.0 |
Country (%)
France | 50.7 |
Germany | 37.4 |
Netherlands | 11.9 |
| Top 10 holdings | 48.5% |
|---|---|
| Rest of portfolio | 51.5% |
Top 10 holdings (%)
| French Govt Bond OAT 4.5% 25 Apr 41 | 7.4 |
| Deutschland Bunde 2.5% 15 Aug 46 | 5.1 |
| French Govt Bond OAT 3.25% 25 May 45 | 5.0 |
| Deutschland Bunde 2.5% 04 Jul 44 | 4.9 |
| Deutschland Bunde 1.25% 15 Aug 48 | 4.6 |
| Deutschland Bunde 4.75% 04 Jul 40 | 4.5 |
| French Govt Bond OAT 1.75% 25 Jun 39 | 4.5 |
| Deutschland Bunde 1.8% 15 Aug 53 | 4.3 |
| Deutschland Bunde 0% 15 Aug 50 | 4.2 |
| French Govt Bond OAT 2% 25 May 48 | 4.0 |
Country (%)
France | 50.7 |
Germany | 37.4 |
Netherlands | 11.9 |
Years to maturity (%)
15 - 20 Years | 34.5 |
20 - 25 Years | 29.0 |
25 - 30 Years | 23.0 |
30 - 40 Years | 10.9 |
40+ Years | 2.7 |
Credit rating (%)
AAA | 49.3 |
AA | 50.7 |
Currency (%)
EUR | 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
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
Document type
Prices
Pricing information
| Price basis | Single - dilution levy |
| Price time | 22:30 Irish time |
| Currency | EUR |
Codes and dealing
Codes
| ISIN | IE000DD229B5 |
| SEDOL | BLFJNB0 |
| Bloomberg | LGNBICA ID |
| MEX | N/A |
Dealing information
| Valuation frequency | Daily, 22:30 Irish time |
| Dealing frequency | Each Irish and UK Business Day |
| Settlement period | T+2 |
| Administrator/Custodian | Northern Trust |
Country registration
This share class is registered for sale in the following countries:
Ireland
United Kingdom
