L&G Emerging Markets Government Bond (US$) Index I Acc

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Quick Stats

Bid Price GBX 73.74 Offer Price GBX 74.02
Mid Price - Day Change GBX -1.77 (-2.34%)
Price Date 11 Oct 2019 Crown Rating
Shares Class Inc. Yield 4.90 %
Total Expense Ratio 0.00 Fund Size 1,088,790,333.02
Launch Date 11/12/2012 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 1,000,000.00 Total Expense Ratio (%) 0.00
ISIN GB00B7MJV331 Min TopUp (£) 20,000.00
Ongoing Charge (%) 0.2900 Ongoing Charge Date 28/11/2017

Fund Objective

The objective of this fund is to provide income by investing between 70% and 100% in emerging market government bonds (a type of loan which pays interest) included in the JPMorgan Emerging Markets Bond Index Plus. The fund’s investments will consist of a wide range of those that make up the Index. The Index consists of bonds which are issued in US Dollars by governments of developing countries. The bonds that the fund invests in will be a mixture of both sub-investment grade and investment grade bonds. The mix will closely match that of the Index. Investment and sub-investment grade bonds are bonds that have been given a credit rating by a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time. Sub-investment grade bonds are rated as higher risk and investment grade bonds are rated as lower risk. The fund may use derivatives (contracts which have a value linked to the price of another asset) to: • reduce risk or cost; or • generate additional capital or income with no, or an acceptably low, level of risk. The fund may also invest in other bonds, deposits, money market instruments and cash. Money market instruments are a type of security where cash can be deposited for short periods of time. If you hold accumulation units, income from investments held by the fund (interest) will be reinvested into the value of your units. If you hold distribution units, income from investments held by the fund will be paid out to you every six months (as interest). This fund may not be appropriate for investors who plan to withdraw their money within five years. This fund may be appropriate if youwould like to build on an existing portfolio and are looking for a fundthat provides exposure to markets which may experience higherreturns as well as higher levels of volatility than more developedmarkets.

Fund Managers

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.

Fund Performance

Cumulative Performance

Discrete Performance

Top 10 Holdings

Name Weight
PERU(REPUBLIC OF) 5.625% BDS 1 1.20%

Asset Breakdown

Name Weight
American Emerging Fixed Intere 13.90%
Brazilian Fixed Interest 9.20%
European Emerging Fixed Intere 4.70%
Global Fixed Interest 18.70%
Indonesian Fixed Interest 11.40%
Mexican Fixed Interest 13.20%
Middle East & African Fixed In 11.90%
Philippine Fixed Interest 7.60%
Russian Fixed Interest 9.40%

Region Breakdown

Name Weight
Argentina 5.70%
Brazil 9.20%
Colombia 8.20%
Indonesia 11.40%
Mexico 13.20%
Others 18.70%
Philippines 7.60%
Russia 9.40%
Turkey 11.90%
Ukraine 4.70%

Sector Breakdown

Name Weight
Government Bonds 99.99%