Collectives

ICAV (UCITS compliant)

L&G 15 Year+ Germany, France and Netherlands Government Bond Index Fund

I-Class EUR Accumulation

ISINIE00BJ7W3C43

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 currencyEUR
Fund launch date29 Jan 2020
DomicileIreland
Share class launch29 Jan 2020
Modified duration17.75 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 charge0.00%
Ongoing charges figure0.12%
Dilution levy0.122% - round trip
Entry anti-dilution levy0.06%
Exit anti-dilution levy0.06%

Performance

Performance for the I EUR Acc unit class in EUR, launched on 29 January 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-2.3014.14-2.300.98-36.45-33.79-14.02-9.78
Benchmark-2.1314.44-2.131.35-36.24-33.45-13.93-9.66
Relative-0.17-0.30-0.17-0.37-0.21-0.34-0.09-0.12
Share class launch date: 29 Jan 2020
Benchmark: FTSE EMU Government Bond Germany, France and Netherlands Over 15 Year Index
To 31 Dec 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Created with @product.name@ @product.version@-40-30-20-1001020Highcharts.com
I Acc EUR
Benchmark
Share class launch date: 29 Jan 2020
Benchmark: FTSE EMU Government Bond Germany, France and Netherlands Over 15 Year Index
    Share class launch date: 29 Jan 2020
    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

    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 costs5,260 EUR4,770 EUR
    Average return each year (%)-47.42 EUR-13.78 EUR
    Unfavourable scenario
    What you might get back after costs6,450 EUR7,690 EUR
    Average return each year (%)-35.53 EUR-5.12 EUR
    Moderate scenario
    What you might get back after costs10,130 EUR11,410 EUR
    Average return each year (%)1.25 EUR2.67 EUR
    Favourable scenario
    What you might get back after costs12,500 EUR20,460 EUR
    Average return each year (%)25.00 EUR15.40 EUR

    Portfolio breakdown

    As at 31 Jan 2024

    Created with @product.name@ @product.version@Highcharts.com
    Top 10 holdings48.5%
    Rest of portfolio51.5%

    Top 10 holdings (%)

    French Govt Bond OAT 4.5% 25 Apr 417.4
    Deutschland Bunde 2.5% 15 Aug 465.1
    French Govt Bond OAT 3.25% 25 May 455.0
    Deutschland Bunde 2.5% 04 Jul 444.9
    Deutschland Bunde 1.25% 15 Aug 484.6
    Deutschland Bunde 4.75% 04 Jul 404.5
    French Govt Bond OAT 1.75% 25 Jun 394.5
    Deutschland Bunde 1.8% 15 Aug 534.3
    Deutschland Bunde 0% 15 Aug 504.2
    French Govt Bond OAT 2% 25 May 484.0

    Country (%)

    France
    		50.7
    Germany
    		37.4
    Netherlands
    		11.9

    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

    ISINIE00BJ7W3C43
    SEDOLBJ7W3C4
    BloombergLGNBIIE ID
    MEXN/A

    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:

    Ireland
    United Kingdom

    Key risks

    Key risks

    Investment in the funds described on this website carries a substantial degree of risk and places an investor’s capital at risk. The price and value of investments is not guaranteed and can go down as well as up. An investor may not get back the original amount invested and an investor may lose all of their investment. Investment in the funds described on this website is not suitable for all investors. If an investor is in any doubt as to the suitability of an investment in a fund, an investor should consult an independent financial advisor. The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds. An investor should only invest in a fund once that investor has carefully read and understood the prospectus and KIID for the fund which contain further information on the risks and features of the fund.

    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.

    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.

    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

    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.

    Index disclaimer

    Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2025. FTSE Russell is a trading name of certain of the LSE Group companies. “FTSE®” is a trade mark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

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