L&G Euro Treasury Bond Index Fund
ICAV (UCITS compliant)
L&G Euro Treasury Bond Index Fund
Z-Class GBP (Unhedged) Accumulation
ISINIE00BYX4XM92
Price
ISINIE00BYX4XM92
Price
Fund aim
The Fund aims to provide investors with a return in line with the Euro government bond market, as represented by the Bloomberg Euro Treasury Index (the "Index").
Fund snapshot
- What does it invest in? Invests primarily in bonds that make up the index, issued in euros by governments of Eurozone countries. These bonds will be investment grade bonds (lower risk). The Fund may also use derivatives.
- How does it invest? Passively managed, aiming to replicate the performance of the index.
Fund facts
| Fund size | €95.7m |
| Base currency | EUR |
| Fund launch date | 8 Dec 2016 |
| Domicile | Ireland |
| Share class launch | 8 Dec 2016 |
| Modified duration | 7.22 years |
| Gross redemption yield (unhedged) | 2.88% |
Benchmark
Bloomberg Euro Aggregate Treasury Index
Costs
| Initial charge | 0.00% |
| Ongoing charges figure | 0.04% |
| Dilution levy | 0.142% - round trip |
| Entry anti-dilution levy | 0.07% |
| Exit anti-dilution levy | 0.07% |
Performance
| As at 31 Jan 2024 | 1m | 3m | YTD | 1y | 3y | 5y | 3y p.a. | 5y p.a. |
|---|---|---|---|---|---|---|---|---|
| Z Acc GBP | -2.11 | 4.00 | -2.11 | 0.53 | -18.70 | -9.15 | -6.67 | -1.90 |
| Benchmark | -2.04 | 4.05 | -2.04 | 0.64 | -18.59 | -8.98 | -6.63 | -1.86 |
| Relative | -0.07 | -0.05 | -0.07 | -0.11 | -0.11 | -0.17 | -0.04 | -0.04 |
| As at 31 Jan 2024 | 1m | 3m | YTD | 1y | 3y | 5y | 3y p.a. | 5y p.a. |
|---|---|---|---|---|---|---|---|---|
| Z Acc GBP | -2.11 | 4.00 | -2.11 | 0.53 | -18.70 | -9.15 | -6.67 | -1.90 |
| Benchmark | -2.04 | 4.05 | -2.04 | 0.64 | -18.59 | -8.98 | -6.63 | -1.86 |
| Relative | -0.07 | -0.05 | -0.07 | -0.11 | -0.11 | -0.17 | -0.04 | -0.04 |
| As at 31 Dec 2023 | 3m | YTD | 1y | 3y | 5y | 3y p.a. | 5y p.a. |
|---|---|---|---|---|---|---|---|
| Z Acc GBP | 7.10 | 4.19 | 4.19 | -18.42 | -8.88 | -6.56 | -1.84 |
| Benchmark | 7.08 | 4.63 | 4.63 | -18.36 | -8.74 | -6.54 | -1.81 |
| Relative | +0.02 | -0.44 | -0.44 | -0.06 | -0.14 | -0.02 | -0.03 |
| To 31 Dec | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|
| To 31 Dec | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|
Performance scenarios
Example investment: 10,000 GBP
| 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 | 6,990 GBP | 6,620 GBP |
| Average return each year (%) | -30.07 | -7.93 | |
| Unfavourable scenario | What you might get back after costs | 8,450 GBP | 8,830 GBP |
| Average return each year (%) | -15.46 | -2.46 | |
| Moderate scenario | What you might get back after costs | 10,250 GBP | 12,610 GBP |
| Average return each year (%) | 2.55 | 4.75 | |
| Favourable scenario | What you might get back after costs | 11,370 GBP | 15,840 GBP |
| Average return each year (%) | 13.66 | 9.64 | |
There is no minimum guaranteed return. You could lose some or all of your investment.
Portfolio breakdown
As at 31 Jan 2024
| Top 10 holdings | 7.8% |
|---|---|
| Rest of portfolio | 92.2% |
| No. of issuers in fund | 20 |
|---|---|
| No. of issuers in index | 20 |
Top 10 holdings (%)
| French Govt Bond OAT 2.5% 25 May 30 | 0.8 |
| French Govt Bond OAT 2.75% 25 Oct 27 | 0.8 |
| French Govt Bond OAT 0.75% 25 May 28 | 0.8 |
| French Govt BondOAT 0.75% 25 Feb 28 | 0.8 |
| French Govt Bond OAT 1.5% 25 May 31 | 0.8 |
| French Govt Bond OAT 1% 25 Nov 25 | 0.8 |
| French Govt Bond OAT 0.25% 25 Nov 26 | 0.8 |
| Deutsche Bundesanleihe 2.3% 15 Feb 33 | 0.8 |
| French Govt Bond OAT 0.75% 25 Nov 28 | 0.7 |
| French Govt Bond OAT 0% 25 Nov 30 | 0.7 |
Country (%)
France | 24.4 |
Italy | 21.8 |
Germany | 18.9 |
Spain | 14.3 |
Belgium | 5.2 |
Netherlands | 4.4 |
Austria | 3.5 |
Portugal | 2.0 |
Ireland | 1.6 |
Other | 3.9 |
| Top 10 holdings | 7.8% |
|---|---|
| Rest of portfolio | 92.2% |
| No. of issuers in fund | 20 |
|---|---|
| No. of issuers in index | 20 |
Top 10 holdings (%)
| French Govt Bond OAT 2.5% 25 May 30 | 0.8 |
| French Govt Bond OAT 2.75% 25 Oct 27 | 0.8 |
| French Govt Bond OAT 0.75% 25 May 28 | 0.8 |
| French Govt BondOAT 0.75% 25 Feb 28 | 0.8 |
| French Govt Bond OAT 1.5% 25 May 31 | 0.8 |
| French Govt Bond OAT 1% 25 Nov 25 | 0.8 |
| French Govt Bond OAT 0.25% 25 Nov 26 | 0.8 |
| Deutsche Bundesanleihe 2.3% 15 Feb 33 | 0.8 |
| French Govt Bond OAT 0.75% 25 Nov 28 | 0.7 |
| French Govt Bond OAT 0% 25 Nov 30 | 0.7 |
Country (%)
France | 24.4 |
Italy | 21.8 |
Germany | 18.9 |
Spain | 14.3 |
Belgium | 5.2 |
Netherlands | 4.4 |
Austria | 3.5 |
Portugal | 2.0 |
Ireland | 1.6 |
Other | 3.9 |
Years to maturity (%)
0 - 5 Years | 41.9 |
5 - 10 Years | 30.9 |
10 - 15 Years | 9.4 |
15 - 20 Years | 6.7 |
20 - 25 Years | 5.2 |
25 - 30 Years | 3.7 |
30 - 40 Years | 1.2 |
40+ Years | 0.9 |
Credit rating (%)
| AAA | 23.5 | |
| AA | 36.2 | |
| A | 17.9 | |
| BBB | 22.4 |
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 | GBP |
Codes and dealing
Codes
| ISIN | IE00BYX4XM92 |
| SEDOL | BYX4XM9 |
| Bloomberg | LGETBZG ID |
| MEX | - |
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:
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.
The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.
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.
