L&G Net Zero Short Dated Global Corporate Bond Fund
SICAV (UCITS compliant)
L&G Net Zero Short Dated Global Corporate Bond Fund
I-Class GBP (Hedged) Distribution
Fund aim
The objective of the Fund is to provide long term return consisting of a combination of capital growth and income.
The Fund aims to deliver this whilst investing in line with the Investment Manager’s Net Zero Framework.
The Fund is actively managed and seeks to achieve this objective by investing in a broad range of bonds and bond-related instruments of which at least 80% will be denominated in USD, Euro and GBP.
Fund snapshot
- What does it invest in? Invests at least 70% in short dated fixed income securities, including bonds and other debt instruments, issued in a variety of currencies by companies and governments worldwide.
- How does it invest? Actively managed, investing in global portfolio of short dated fixed income securities with a focus Net Zero temperature goals along with carbon reduction targets compared to the benchmark. The fund will make use of derivatives for investment purposes or for efficient portfolio management. The Fund adheres to the exclusionary criteria for the “Climate Transition Benchmark” (CTB) standards.
- 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 | 15 Feb 2023 |
| Share class launch | 25 Jun 2024 |
| Domicile | Luxembourg |
| Modified duration | 2.87 years |
| Gross redemption yield (unhedged) | 5.70% |
| Yield to worst | 5.97% |
| Yield to maturity* | 6.15% |
Benchmark
Bloomberg Global Corporates 1-5 years
Costs
| Ongoing charges figure | 0.38% |
Performance
Portfolio breakdown
As at 30 Sep 2026
| Top 10 issuers | 28.2% |
|---|---|
| Rest of portfolio | 71.8% |
| No. of issuers | 429 |
|---|
Top 10 issuers (%)
| European Investment Bank | 6.9 |
| United Kingdom | 6.4 |
| United States of America | 3.7 |
| Oracle | 1.7 |
| Morgan Stanley | 1.7 |
| Credit Agricole Group | 1.7 |
| Bank of Montreal | 1.6 |
| Citigroup | 1.6 |
| PG&E | 1.5 |
| Sandstone Bidco | 1.3 |
Currency (%)
USD | 52.1 |
EUR | 26.4 |
GBP | 21.1 |
JPY | 0.1 |
Other | 0.0 |
| Top 10 issuers | 28.2% |
|---|---|
| Rest of portfolio | 71.8% |
| No. of issuers | 429 |
|---|
Top 10 issuers (%)
| European Investment Bank | 6.9 |
| United Kingdom | 6.4 |
| United States of America | 3.7 |
| Oracle | 1.7 |
| Morgan Stanley | 1.7 |
| Credit Agricole Group | 1.7 |
| Bank of Montreal | 1.6 |
| Citigroup | 1.6 |
| PG&E | 1.5 |
| Sandstone Bidco | 1.3 |
Currency (%)
USD | 52.1 |
EUR | 26.4 |
GBP | 21.1 |
JPY | 0.1 |
Other | 0.0 |
Credit rating (%)
| Fund | Benchmark | Relative | ||
|---|---|---|---|---|
| AAA | 10.1 | 0.2 | 9.9 | |
| AA | 14.0 | 8.8 | 5.1 | |
| A | 30.5 | 46.0 | -15.4 | |
| BBB | 38.3 | 43.0 | -4.7 | |
| BB | 5.3 | 0.1 | 5.3 | |
| B | 1.2 | - | 1.2 | |
| CCC | 0.0 | - | 0.0 | |
| D | 0.1 | - | 0.1 | |
| NR | 0.1 | 1.1 | -1.0 | |
| Cash | 0.3 | 0.8 | -0.6 | |
| Not Classified | - | 0.0 | 0.0 |
Top sector over/underweights (%)
| Fund | Benchmark | Relative | ||
|---|---|---|---|---|
| Sovereign | 19.9 | 0.0 | 19.9 | |
| Real Estate | 8.2 | 4.4 | 3.8 | |
| ABS | 1.7 | 0.1 | 1.6 | |
| Financial Services | 6.6 | 5.5 | 1.0 | |
| Unknown | 0.0 | 0.0 | 0.0 | |
| Utilities | 6.8 | 6.9 | -0.1 | |
| Telecommunications | 2.9 | 3.2 | -0.3 | |
| Cash and Equivalents | 0.3 | 0.8 | -0.6 | |
| Basic Materials | 1.2 | 1.9 | -0.7 | |
| Insurance | 3.7 | 4.9 | -1.2 | |
| Technology | 4.3 | 5.6 | -1.3 | |
| Consumer Services | 3.9 | 5.4 | -1.4 | |
| Banks | 29.4 | 32.6 | -3.2 | |
| Oil & Gas | 0.8 | 4.1 | -3.2 | |
| Consumer Goods | 6.4 | 10.4 | -4.0 | |
| Health Care | 1.6 | 5.8 | -4.2 | |
| Industrials | 2.3 | 8.4 | -6.1 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
Jonathan Curteis
Jonathan works within L&G’s Global Bond Strategies team where he manages both benchmark and unconstrained portfolios. Jonathan joined L&G in October 2014 from BNY Mellon where he was part of the Quantitative Trading Group. Jonathan holds a BA (hons) in International Business from the Strathclyde University, and completed a Master’s in investment management from the Cass Business School.
Ian Hutchinson
Ian leads the UK active Credit team having joined L&G in 2004. He started in 1998 at Standard & Poor’s as a Eurobond analyst. Ian is IMC qualified and a CFA charterholder. He holds a degree in International Relations from the University of Sussex.
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:
Net Zero
SDG Baseline Exclusions
L&G’s Future World Protection List
L&G’s Climate Impact Pledge
Additional Exclusions
ESG Factor EvaluationTaxonomy
Sustainable InvestmentsPrincipal Adverse ImpactsLiterature
Document type
Prices
Pricing information
| Price basis | Single swing |
| Price time | 23:00 CET |
| Currency | GBP |
Codes and dealing
Codes
| ISIN | LU2809762532 |
| SEDOL | BQXPWL8 |
| Bloomberg | LGNSGIG LX |
| MEX | - |
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:
* 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.
