L&G Emerging Markets Bond Fund
SICAV (UCITS compliant)
L&G Emerging Markets Bond Fund
D-Class USD Accumulation
ISINLU3343283928
ISINLU3343283928
Fund aim
The objective of the Fund is to provide long term return consisting of a combination of capital growth and income.
The Fund is actively managed and seeks to achieve this objective by investing in a broad range of fixed income securities of which at least 80% will be issued in US Dollar, Sterling or Euro by Developing/Emerging Market governments and corporates.
The Fund will seek to achieve its objective while maintaining a lower weighted average carbon intensity than the Benchmark Index.
Fund snapshot
- What does it invest in? Invests predominantly in fixed income securities including bonds and other debt instruments, issued in a variety of currencies by companies and governments in emerging countries.
- How does it invest? Actively managed, investing in debt which is a mixture of investment grade (lower risk) and sub-investment grade (higher risk). 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 | 24 Oct 2016 |
| Share class launch | 8 May 2026 |
| Domicile | Luxembourg |
| Modified duration | 5.34 years |
| Gross redemption yield (unhedged) | 7.59% |
Benchmark
Blended benchmark consisting of 50% JP Morgan EMBIG Div Total Return Index and 50% JP Morgan CEMBI Div Total Return Index
Performance
Performance scenarios
Portfolio breakdown
As at 30 Sep 2026
| Top 10 issuers | 19.8% |
|---|---|
| Rest of portfolio | 80.2% |
| No. of issuers | 175 |
|---|
Top 10 issuers (%)
| United Mexican States | 4.1 |
| Republic of Colombia | 2.0 |
| Kingdom of Saudi Arabia | 1.9 |
| Dominican Republic | 1.9 |
| Republic of the Philippines | 1.8 |
| Republic of Turkiye | 1.7 |
| Federal Republic of Nigeria | 1.7 |
| Republic of Poland | 1.6 |
| Sultanate of Oman | 1.6 |
| Khazanah Nasional Bhd | 1.5 |
Currency (%)
USD | 99.8 |
EUR | 0.1 |
Other | 0.1 |
| Top 10 issuers | 19.8% |
|---|---|
| Rest of portfolio | 80.2% |
| No. of issuers | 175 |
|---|
Top 10 issuers (%)
| United Mexican States | 4.1 |
| Republic of Colombia | 2.0 |
| Kingdom of Saudi Arabia | 1.9 |
| Dominican Republic | 1.9 |
| Republic of the Philippines | 1.8 |
| Republic of Turkiye | 1.7 |
| Federal Republic of Nigeria | 1.7 |
| Republic of Poland | 1.6 |
| Sultanate of Oman | 1.6 |
| Khazanah Nasional Bhd | 1.5 |
Currency (%)
USD | 99.8 |
EUR | 0.1 |
Other | 0.1 |
Credit rating (%)
| Fund | Benchmark | Relative | ||
|---|---|---|---|---|
| AAA | - | 0.3 | -0.3 | |
| AA | 6.5 | 4.9 | 1.6 | |
| A | 11.7 | 14.4 | -2.7 | |
| BBB | 31.4 | 35.2 | -3.8 | |
| BB | 25.5 | 23.9 | 1.6 | |
| B | 18.7 | 15.6 | 3.1 | |
| Split Rated (B & CCC) | 0.7 | 0.4 | 0.2 | |
| CCC and below | 3.3 | 2.9 | 0.4 | |
| NR | 1.3 | 2.5 | -1.3 | |
| Cash | 1.1 | - | 1.1 |
Top sector over/underweights (%)
| Fund | Benchmark | Relative | ||
|---|---|---|---|---|
| Sovereign | 47.5 | 43.2 | 4.3 | |
| Banks | 15.6 | 12.6 | 2.9 | |
| Financial Services | 4.5 | 2.8 | 1.7 | |
| Cash and Equivalents | 1.2 | - | 1.2 | |
| Consumer Services | 5.2 | 4.2 | 1.0 | |
| Technology | 2.6 | 2.1 | 0.5 | |
| Oil & Gas | 8.0 | 8.0 | 0.0 | |
| Unknown | 0.0 | 0.1 | -0.1 | |
| Health Care | 0.2 | 0.5 | -0.3 | |
| Industrials | 3.3 | 4.1 | -0.8 | |
| Consumer Goods | 1.5 | 2.4 | -0.9 | |
| Real Estate | 1.0 | 2.1 | -1.1 | |
| Utilities | 4.0 | 5.2 | -1.2 | |
| Insurance | 0.3 | 1.5 | -1.3 | |
| Telecommunications | 1.4 | 3.7 | -2.3 | |
| Basic Materials | 3.8 | 7.4 | -3.7 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
Uday Patnaik
Uday is responsible for developing L&G’s emerging market capabilities within the Global Fixed Income team. Uday joined L&G in April 2014 from Gulf International Bank (UK) Ltd where he held the title of Chief Investment Officer with primary responsibility for managing the flagship EMD hedge fund and other fixed income portfolios. Uday has an MBA in finance from the University of Chicago and a BSc degree in industrial management from Carnegie Mellon University.
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 | USD |
Codes and dealing
Codes
| ISIN | LU3343283928 |
| SEDOL | BSHSJD8 |
| Bloomberg | LGEMBDU LX |
| MEX | 8HAATT |
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:
