Collectives

SICAV (UCITS compliant)

L&G Global Unconstrained Bond Plus Fund

I-Class EUR (Hedged) Accumulation

ISINLU0989308175

Fact Sheet

(English)

KID

(Dutch)

Prospectus

(English)

Please note: The L&G Absolute Return Bond Plus Fund changed name to the L&G Global Unconstrained Bond Plus Fund on 21 May 2025.

Fund aim

The objective of the Fund is to provide a combination of growth and income above those of the ICE BofA USD 3 Month Deposit Offered Rate Constant Maturity Total Return Index, the "Benchmark Index". The Fund is actively managed and aims to outperform the Benchmark Index by 3.5% per annum.

The Fund aims to deliver this objective while decarbonising the portfolio over time, targeting a 50% reduction in weighted average carbon intensity by 2030, compared to a December 2019 baseline level.

The Fund aims to generate positive returns in all market conditions. The Fund has a higher performance target than that of the L&G Global Unconstrained Bond Fund.

The objective is before the deduction of any charges and measured over rolling three year periods. There can be no assurance that the Fund will achieve its investment objective.

Fund snapshot

  • What does it invest in? Invests predominantly in fixed income securities, including bonds and other debt instruments, issued in in a variety of currencies by companies and governments worldwide.
  • How does it invest? Actively managed, investing primarily in debt with an investment grade (lower risk) credit rating. May also invest in debt with a sub-investment grade (higher risk) credit rating or unrated bonds. Will use derivatives extensively for investment purposes or for efficient portfolio management.
  • 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 29 Nov 2013
Share class launch 20 Feb 2020
Domicile Luxembourg
Modified duration 3.18 years
Yield to worst 7.25%
Yield to maturity* 7.71%
As at 30 Sept 2026
*USD Hedged

Benchmark

ICE BofA USD 3 Month Deposit Offered Rate Constant Maturity Total Return Index

Performance

Performance for the I EUR (Hedged) Acc unit class in EUR, launched on 20 February 2020. Source: Lipper. This fund has adopted a single swinging price, this means that on any given day the single dealing price will be set at either bid, offer or somewhere in between, based on whether there was a net inflow or outflow into or out of the Fund. The past performance depicted in this factsheet is based on that dealing price and therefore may appear more volatile than it would otherwise be if we were to show the notional bid or offer performance, this is as a result of the daily swing. Fund returns shown are based on prices as at the last fund trading day for the month. Due to bank holidays this may impact relative performance to any benchmarks which are priced on a bank holiday which falls within a month but after the last fund trading day for that month.
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: 20 Feb 2020
Benchmark: ICE BofA USD 3 Month Deposit Offered Rate Constant Maturity Total Return Index
Share class launch date: 20 Feb 2020
Benchmark: ICE BofA USD 3 Month Deposit Offered Rate Constant Maturity Total Return 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

Data for the selected period isn't currently available

Portfolio breakdown

As at 30 Sep 2026

Top 10 issuers14.6%
Rest of portfolio85.4%
No. of issuers1,065

Top 10 issuers (%)

United States of America2.4
Oracle1.6
Space Exploration Technologies1.4
CPI Property Group1.4
Deutsche Bank1.4
Stellantis1.4
EP Investment Sarl1.3
Intesa Sanpaolo1.2
Nationwide Building Society1.2
Anglian Water Group1.1

Sector (%)

Banks
23.1
Utilities
8.4
ABS
7.6
Insurance
7.2
Financial Services
6.9
Sovereign
6.6
Real Estate
6.1
Consumer Goods
5.7
Consumer Services
5.5
Telecommunications
4.9
Oil & Gas
4.5
Technology
3.9
Industrials
3.4
Basic Materials
2.7
Other
3.4

All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

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Fund managers

Matthew Rees headshot

Matthew Rees

Matthew is Head of Global Unconstrained Fixed Income at L&G, having lead the Global Bond Strategies team since 2019. Prior to this he was co-head of the Euro credit portfolio management team, and joined L&G in 2009. Before L&G, Matthew was a Partner at Banquo Credit Management (a multibillion euro absolute return investment manager) and has worked at UBS, Merrill Lynch and the rating agency Fitch IBCA. Matthew qualified as a chartered accountant with Coopers & Lybrand in 1996 and holds a BA (hons) in English from the University of York.

Enda Mulry headshot

Enda Mulry

Enda joined L&G’s Global Bond Strategies team in 2014 as a credit portfolio manager where he now manages unconstrained portfolios. Enda joined L&G in 2008 as a trader within L&G’s Global Trading team. Prior to this Enda worked for four years as an ABS credit analyst and money market trader for DZ Bank in Dublin. Enda is a CFA charterhold and holds an MSc in Materials Science, Bachelor of Engineering and BA in Maths from Trinity College, Dublin.

SFDR categorisation

SFDR Product Summary (Dutch)

SFDR Product Summary

LGIME PAI entity report

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.

Literature

Prices

Pricing information

Price basisSingle swing
Price time16:00 CET
CurrencyEUR
Monthly price history

Download full price history

Codes and dealing

Codes

ISINLU0989308175
SEDOLBL6THW8
BloombergLGRBPIE LX
MEX-

Dealing information

Valuation frequencyDaily, 16:00 CET
Dealing frequencyEach Business Day
Settlement periodT+3
Administrator/CustodianNorthern Trust

Country registration

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

Belgium
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Norway
Singapore*
Spain
Sweden
Switzerland
United Kingdom

* The Fund is on the list of restricted collective investment schemes, but is not authorised or recognised by the Monetary Authority of Singapore (the “MAS”) and the Shares cannot be offered or marketed to retail clients.

For valuations and account queries contact:

Legal & General ICAV
LGIM Liquidity Funds Plc
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

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 ICE Data Indices, LLC (“ICE DATA”), is used with permission. ICE Data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE Data, its affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend Legal & General Investment Management (Holdings) Limited or its affiliates, or any of their products or services.