L&G Future World ESG Emerging Markets Government Bond (Local Currency) Index Fund
ICAV (UCITS compliant)
L&G Future World ESG Emerging Markets Government Bond (Local Currency) Index Fund
Z-Class USD Accumulation
ISINIE000E035MD0
Price
ISINIE000E035MD0
Price
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 Emerging Markets Bond L&G Sovereign ESG (Local Currency) Index (the “Index”).
Fund snapshot
- What does it invest in? Invests predominantly in investment grade government bonds, issued by emerging market issuers in their local currency.
- How does it invest? Passively managed, aiming to replicate the performance of the Index.
- 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 | $50.3m |
| Base currency | USD |
| Fund launch date | 6 Nov 2023 |
| Domicile | Ireland |
| Share class launch | 6 Nov 2023 |
| Modified duration | 5.26 years |
| Gross redemption yield (unhedged) | 6.51% |
Benchmark
J.P. Morgan Emerging Markets Bond L&G Sovereign ESG (Local Currency) Index
Costs
| Initial charge | 0.00% |
| Ongoing charges figure | 0.13% |
| Dilution levy | 0.29% - round trip |
| Entry anti-dilution levy | 0.15% |
| Exit anti-dilution levy | 0.15% |
Portfolio breakdown
As at 31 Jan 2024
| Top 10 holdings | 13.4% |
|---|---|
| Rest of portfolio | 86.6% |
Top 10 holdings (%)
| European Inv Bank 7.4% 23 Oct 33 | 2.3 |
| South Africa Govt Bd 10.5% 21 Dec 26 | 1.5 |
| Mexican Bonos 5.75% 05 Mar 26 | 1.4 |
| Mexican Bonos 7.75% 29 May 31 | 1.4 |
| South Africa Govt Bd 8% 31 Jan 30 | 1.3 |
| Mexican Bonos 7.5% 03 Jun 27 | 1.2 |
| Mexican Bonos 5.5% 04 Mar 27 | 1.2 |
| South Africa Govt Bd 8.75% 28 Feb 48 | 1.2 |
| Mexican Bonos 8.5% 31 May 29 | 1.1 |
| SA Govt Bd 8.25% 31 Mar 32 | 1.0 |
Country (%)
Mexico | 13.0 |
Czech Republic | 11.7 |
Malaysia | 11.7 |
Indonesia | 10.1 |
South Africa | 9.5 |
India | 9.2 |
Supranational | 9.0 |
Poland | 7.7 |
Romania | 4.1 |
Other | 14.0 |
| Top 10 holdings | 13.4% |
|---|---|
| Rest of portfolio | 86.6% |
Top 10 holdings (%)
| European Inv Bank 7.4% 23 Oct 33 | 2.3 |
| South Africa Govt Bd 10.5% 21 Dec 26 | 1.5 |
| Mexican Bonos 5.75% 05 Mar 26 | 1.4 |
| Mexican Bonos 7.75% 29 May 31 | 1.4 |
| South Africa Govt Bd 8% 31 Jan 30 | 1.3 |
| Mexican Bonos 7.5% 03 Jun 27 | 1.2 |
| Mexican Bonos 5.5% 04 Mar 27 | 1.2 |
| South Africa Govt Bd 8.75% 28 Feb 48 | 1.2 |
| Mexican Bonos 8.5% 31 May 29 | 1.1 |
| SA Govt Bd 8.25% 31 Mar 32 | 1.0 |
Country (%)
Mexico | 13.0 |
Czech Republic | 11.7 |
Malaysia | 11.7 |
Indonesia | 10.1 |
South Africa | 9.5 |
India | 9.2 |
Supranational | 9.0 |
Poland | 7.7 |
Romania | 4.1 |
Other | 14.0 |
Years to maturity (%)
0 - 5 Years | 38.1 |
5 - 10 Years | 36.4 |
10 - 15 Years | 13.0 |
15 - 20 Years | 6.6 |
20 - 25 Years | 2.2 |
25 - 30 Years | 3.7 |
Credit rating (%)
| AAA | 9 | |
| AA | 11.7 | |
| A | 20.8 | |
| A- | 1.2 | |
| BBB | 45.5 | |
| BBB- | 1.9 | |
| BB | 10 |
Currency (%)
INR | 15.2 |
MXN | 13.0 |
IDR | 12.6 |
CZK | 11.7 |
MYR | 11.7 |
ZAR | 9.5 |
PLN | 7.7 |
COP | 4.3 |
RON | 4.1 |
Other | 10.2 |
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.
Sustainability
SFDR categorisation
Article 8
Environmental characteristics
Social characteristicsThe Fund promotes the above-mentioned characteristics by tracking the J.P. Morgan Emerging Markets Bond L&G Sovereign ESG (Local Currency) Index (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 set out below, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
Environmental characteristicsSocial characteristicsThe Fund promotes the above-mentioned characteristics by tracking the J.P. Morgan Emerging Markets Bond L&G Sovereign ESG (Local Currency) Index (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 set out below, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
LGIM Sovereign Risk ESG Score
Exclusions
TaxonomySustainable Investments
Principal Adverse ImpactsLiterature
Document type
Prices
Pricing information
| Price basis | Single - dilution levy |
| Price time | 22:30 Irish time |
| Currency | USD |
Codes and dealing
Codes
| ISIN | IE000E035MD0 |
| SEDOL | BRF6GB4 |
| Bloomberg | LGEGZUS ID |
| MEX | LEABGB |
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:
