Fact sheet: L&G Em Gov Bd (US$) Index

Fund information
Fund name
L&G Emerging Markets Government Bond (US$) Index I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund managers
  • LGIM Index Fund Management Teamsince 29/09/2013
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). You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price. 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.
Benchmark
  • JPMorgan Emerging Markets Bond Index Plus
Investment style
Passive/Tracking
Investment method
Physical - Full, Fixed Interest
Quick stats
1 Year return
26.3%
1 Year rank in sector
4/11
Sector
UT Global Emerging Market Bond
Yield
5.4%
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.
0.29%
Fund size
£486m (£253m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
87
Bid price
65.44
Offer price
65.81
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

  • Central & S America40.1%
    European Emerging Markets35%
    Emerging Asia17.1%
    Middle East/ Africa3%
    Money Market2.4%
  • Government Bonds97.3%
    Cash & Cash Equivalents2.4%
    Fixed Interest0.3%
  • American Emerging Fixed Interest40.1%
    European Emerging Fixed Interest35%
    Asia Pacific Emerging Fixed Interest17.1%
    Middle East & African Fixed Interest3%
    Money Market2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.9%-1.1%13.8%26.3%49.1%-
Sector-5.9%-2.2%10.4%21.1%21.2%23.2%
Rank within sector6 / 125 / 125 / 124 / 111 / 10-
Quartile2nd2nd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund26%5.9%11.4%-11.3%-
Sector21.4%-4.2%4.3%-9.6%11.9%
Rank within sector5 / 111 / 112 / 107 / 10-
Quartile2nd1st1st3rd
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.
8.28
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.
0.94
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.
0.97
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%.
11.11
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.
4.4
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.
1.78
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.
0.84
Price movement
52 week high71.38
52 week low50.58
Current bid price65.44
Current offer price65.81
Current mid price-
Region
1Central & S America40.11%
2European Emerging Markets35.02%
3Emerging Asia17.08%
4Middle East/ Africa3%
5Money Market2.38%
6Europe ex UK1.15%
7North America0.78%
8Others0.48%
Industry sector
1Government Bonds97.3%
2Cash & Cash Equivalents2.38%
3Fixed Interest0.32%
Asset type
1American Emerging Fixed Interest40.11%
2European Emerging Fixed Interest35.02%
3Asia Pacific Emerging Fixed Interest17.08%
4Middle East & African Fixed Interest3%
5Money Market2.38%
6Europe ex UK Fixed Interest1.15%
7North American Fixed Interest0.78%
8Global Fixed Interest0.48%
Individual holdings
1RUSSIA (GOVT) 7.5 31/03/30 REGS (S2 DE)3.91%
2ARGENTINA(REPUBLIC OF) 7.5% BDS 22/04/26 USD1500002.08%
3ARGENTINA(REPUBLIC OF) 6.875% NTS 22/04/21 USD1000 REG S PH 11.37%
4ARGENTINA(REPUBLIC OF) 8.28% BDS 31/12/33 USD10001.32%
5BRAZIL(FEDERATIVE REPUBLIC OF) 4.25% BDS 07/01/25 USD10001.29%
6RUSSIAN FEDERATION MINISTRY FINANCE 12.75% BDS 24/6/2028 USD1000`144A`1.22%
7MEXICO(UNITED MEXICAN STATES) 4.75% BDS 08/03/44 USD10001.16%
8MEXICO(UNITED MEXICAN STATES) 4% BDS 02/10/23 USD20001.14%
9RUSSIAN FEDERATION MINISTRY FINANCE 11% BDS 24/7/2018 USD1000 REG S1.13%
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 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). You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price. 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.
Benchmark
  • JPMorgan Emerging Markets Bond Index Plus
Investment style
Passive/Tracking
Investment method
Physical - Full, Fixed Interest
Fund managers
NameSinceBiography
LGIM Index Fund Management Team29/09/2013The Index Fund management team comprises 29 investment professionals with average industry experience of 14 years. Together they are responsible for a wide range of index funds – covering equities, fixed income and alternative asset classes. The team has £277 billion index assets under management. All data as at 31 December 2015
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Emerging Markets Government Bond (US$) Index Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM47I
L&G Emerging Markets Government Bond (US$) Index C Acc
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.19%
Total expense ratio (TER)-
Bid price65.64
Offer price66
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJUGB
L&G Emerging Markets Government Bond (US$) Index C Inc
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.19%
Total expense ratio (TER)-
Bid price56.43
Offer price56.74
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJUGA
L&G Emerging Markets Government Bond (US$) Index F Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.48%
Total expense ratio (TER)-
Bid price65.53
Offer price65.9
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGWPA
L&G Emerging Markets Government Bond (US$) Index F Inc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.48%
Total expense ratio (TER)-
Bid price56.32
Offer price56.63
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGWOZ
L&G Emerging Markets Government Bond (US$) Index I Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.29%
Total expense ratio (TER)-
Bid price65.44
Offer price65.81
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGWOX
L&G Emerging Markets Government Bond (US$) Index I Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.29%
Total expense ratio (TER)-
Bid price56.24
Offer price56.55
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGWOW
L&G Emerging Markets Government Bond (US$) Index 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 codeM47H
L&G Emerging Markets Government Bond (US$) Index L 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 classInstitutional
Domicile-
Citi codeN0CO
Data provided by

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