L&G Global Diversified Bond Fund
SICAV (UCITS compliant)
L&G Global Diversified 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 is actively managed and seeks to achieve its objective by investing in a broad range of fixed income securities issued primarily in US Dollar, Sterling or Euro by developed, developing and emerging market governments and corporates.
Fund snapshot
- What does it invest in? Invests predominately in fixed income securities, including bonds and other debt instruments, issued in a variety of currencies by companies and governments world wide.
- How does it invest? Actively managed, investing in global diversified portfolio of fixed income securities include Emerging Markets high yield and credit debt. The fund will make use of derivatives 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 | 9 Dec 2021 |
| Share class launch | 16 Sep 2026 |
| Domicile | Luxembourg |
| Modified duration | 4.21 years |
| Gross redemption yield (unhedged) | 7.31% |
| Yield to worst | 7.37% |
| Yield to maturity* | 7.54% |
Benchmark
Composite
Composite benchmark consists of: 40% blended 50/50 benchmark comprising the JPM EMBI Global Diversified 3-5 Years Index (sovereign) and the JPM CEMBI Diversified 3-5 Years Index (corporate); 40% Bank of America Merrill Lynch Global High Yield BB-B Rated 2% Constrained Ex-Financial Index; and 20% Bloomberg Barclays USD/EUR/GBP Corporates 1% issuer capped.
Costs
| Ongoing charges figure | 0.48% |
Performance
Portfolio breakdown
As at 30 Sep 2026
| Top 10 issuers | 16.0% |
|---|---|
| Rest of portfolio | 84.0% |
| No. of issuers | 636 |
|---|
Top 10 issuers (%)
| United Kingdom | 4.3 |
| European Investment Bank | 2.9 |
| Asian Development Bank | 1.9 |
| Republic of Angola | 1.3 |
| Japan | 1.0 |
| Prosus | 0.9 |
| Samarco Mineracao | 0.9 |
| Federal Republic of Germany | 0.9 |
| Republic of the Philippines | 0.9 |
| United States of America | 0.9 |
Currency (%)
USD | 75.3 |
EUR | 14.3 |
GBP | 9.0 |
JPY | 1.2 |
Other | 0.0 |
| Top 10 issuers | 16.0% |
|---|---|
| Rest of portfolio | 84.0% |
| No. of issuers | 636 |
|---|
Top 10 issuers (%)
| United Kingdom | 4.3 |
| European Investment Bank | 2.9 |
| Asian Development Bank | 1.9 |
| Republic of Angola | 1.3 |
| Japan | 1.0 |
| Prosus | 0.9 |
| Samarco Mineracao | 0.9 |
| Federal Republic of Germany | 0.9 |
| Republic of the Philippines | 0.9 |
| United States of America | 0.9 |
Currency (%)
USD | 75.3 |
EUR | 14.3 |
GBP | 9.0 |
JPY | 1.2 |
Other | 0.0 |
Credit rating (%)
| Fund | Benchmark | Relative | ||
|---|---|---|---|---|
| AAA | 5.9 | 0.2 | 5.7 | |
| AA | 7.3 | 3.0 | 4.3 | |
| A | 9.5 | 17.5 | -8.0 | |
| BBB | 22.1 | 20.3 | 1.8 | |
| BB | 27.2 | 36.5 | -9.3 | |
| B | 19.8 | 19.8 | 0.1 | |
| CCC | 4.3 | 1.7 | 2.6 | |
| CC | 0.1 | 0.0 | 0.1 | |
| C | 0.0 | 0.2 | -0.1 | |
| D | 0.7 | 0.1 | 0.7 | |
| NR | 0.1 | 0.5 | -0.5 | |
| Cash | 2.9 | 0.3 | 2.6 | |
| Not Classified | - | 0.0 | 0.0 |
Top sector over/underweights (%)
| Fund | Benchmark | Relative | ||
|---|---|---|---|---|
| Sovereign | 24.1 | 16.6 | 7.5 | |
| Banks | 13.0 | 10.4 | 2.6 | |
| Cash and Equivalents | 2.9 | 0.3 | 2.6 | |
| Real Estate | 5.7 | 3.1 | 2.6 | |
| Utilities | 6.8 | 6.1 | 0.7 | |
| Technology | 4.9 | 4.6 | 0.3 | |
| Insurance | 1.2 | 0.9 | 0.3 | |
| ABS | 0.3 | 0.0 | 0.3 | |
| Financial Services | 2.8 | 2.6 | 0.2 | |
| Unknown | 0.1 | 0.0 | 0.1 | |
| Consumer Goods | 6.5 | 6.8 | -0.3 | |
| Telecommunications | 5.4 | 5.8 | -0.4 | |
| Basic Materials | 5.2 | 6.0 | -0.8 | |
| Consumer Services | 10.9 | 11.8 | -0.8 | |
| Health Care | 4.0 | 4.8 | -0.8 | |
| Industrials | 6.0 | 9.1 | -3.2 | |
| Oil & Gas | 0.1 | 11.1 | -11.0 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
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.
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.
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:
SDG Extended ExclusionsSDG Overall Alignment
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 | LU3002421546 |
| SEDOL | BTZGZ11 |
| Bloomberg | LGDCSIG LX |
| MEX | 8HAAPM |
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:
