Fact sheet: L&G EM Gov Bd Loc Cur Id

Fund information
Fund name
L&G Emerging Markets Government Bond Local Currency Index I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund manager
No data available.
Fund objective
The objective of the fund is to provide a return in line with the JPMorgan GBI-EM Global Diversified Local Currency Index (after adjustment for management charges and taxation). The fund will invest between 70% and 100% in bonds (a type of loan which pays interest) that make up the Index. 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 the relevant national currency by governments of developing countries.
Benchmark
  • JPMorgan GBI-EM Global Diversified Index
Investment style
Passive/Tracking
Investment method
Physical - Full, Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
UT Global Emerging Market Bond
Yield
6.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.35%
Fund size
£231m (£102m last year)
Bid price
60.72
Offer price
60.93
Top in this sector
Fund name1 Year
Threadneedle EmgMkt Bd28.6%
M&G Emerging Mkts Bd28.3%
Stan Life Inv EmMktDt27.3%
L&G Em Gov Bd (US$) Index26.3%
Investec EmgMktsBdDbt26.1%
...more in UT Global Emerging Market Bond

Performance snapshot

Holdings snapshot

  • European Emerging Markets33.6%
    Central & S America29.1%
    Emerging Asia27%
    Middle East/ Africa10%
    Money Market0.3%
  • Government Bonds99.4%
    Cash & Cash Equivalents0.3%
    Fixed Interest0.3%
  • European Emerging Fixed Interest33.6%
    American Emerging Fixed Interest29.1%
    Asia Pacific Emerging Fixed Interest27%
    Middle East & African Fixed Interest10%
    Money Market0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7.2%-2.4%11.6%---
Sector-5.9%-2.2%10.4%21.1%21.2%23.2%
Rank within sector9 / 128 / 128 / 12---
Quartile3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector21.4%-4.2%4.3%-9.6%11.9%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
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Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
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R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high67.12
52 week low49.09
Current bid price60.72
Current offer price60.93
Current mid price-
Region
1European Emerging Markets33.61%
2Central & S America29.06%
3Emerging Asia27.03%
4Middle East/ Africa10.01%
5Money Market0.29%
Industry sector
1Government Bonds99.44%
2Cash & Cash Equivalents0.29%
3Fixed Interest0.27%
Asset type
1European Emerging Fixed Interest33.61%
2American Emerging Fixed Interest29.06%
3Asia Pacific Emerging Fixed Interest27.03%
4Middle East & African Fixed Interest10.01%
5Money Market0.29%
Individual holdings
1SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)1.75%
2BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10001.53%
3COLOMBIA(REPUBLIC OF) 7% NTS 04/05/22 COP10001.53%
4MINISTRY OF FINANCE (THAILAND) 3.65% BDS 17/12/21 THB10001.5%
5MINISTRY OF FINANCE (THAILAND) 3.875% BDS 13/06/19 THB10001.42%
6INDONESIA(REPUBLIC OF) 8.375% BDS 15/03/34 IDR10001.41%
7BRAZIL(FEDERATIVE REPUBLIC OF) 0% TB 01/01/19 BRL10001.37%
8COLOMBIA(REPUBLIC OF) 10% BDS 24/07/24 COP1000001.35%
9INDONESIA(REPUBLIC OF) 8.375% BDS 15/09/26 IDR10001.3%
Management
Fund manager group
Legal & General UT Mgr
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund objective
The objective of the fund is to provide a return in line with the JPMorgan GBI-EM Global Diversified Local Currency Index (after adjustment for management charges and taxation). The fund will invest between 70% and 100% in bonds (a type of loan which pays interest) that make up the Index. 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 the relevant national currency by governments of developing countries.
Benchmark
  • JPMorgan GBI-EM Global Diversified Index
Investment style
Passive/Tracking
Investment method
Physical - Full, Fixed Interest
Fund manager
No data available.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Emerging Markets Government Bond Local Currency Index C Acc
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)-
Bid price60.76
Offer price60.98
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE2TX
L&G Emerging Markets Government Bond Local Currency Index C Inc
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)-
Bid price58.66
Offer price58.87
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE2TW
L&G Emerging Markets Government Bond Local Currency Index F Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGWOU
L&G Emerging Markets Government Bond Local Currency Index F Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGWOT
L&G Emerging Markets Government Bond Local Currency Index I Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)-
Bid price60.72
Offer price60.93
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGWOS
L&G Emerging Markets Government Bond Local Currency Index I Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)-
Bid price58.62
Offer price58.82
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGWOR
L&G Emerging Markets Government Bond Local Currency Index L Acc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price60.82
Offer price61.04
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE2TY
L&G Emerging Markets Government Bond Local Currency Index L Inc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price58.72
Offer price58.93
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGWOV
Data provided by

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