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

Fund information

Fund name
L&G Emerging Markets Government Bond (US$) Index I Acc
Fund company manager
Legal & General UT Mgr Ltd
Fund type
UKA
Fund manager
LGIM Index Fund Management Team
since 30/09/2013
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). 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

Performance snapshot

Quick stats

1 Year return

1.57 %

1 Year rank in sector

12/12

Sector

UT Global Emerging Markets Bond

Yield

5.3

Fund size

£ 812.5 m

FE Risk score

90

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Turkey
    12.88%
  • Argentina
    10.8%
  • Mexico
    10.64%
  • Indonesia
    9.88%
  • Russia
    9.23%
  • Government Bonds
    99.02%
  • Others
    0.6%
  • Cash & Cash Equivalents
    0.38%
  • American Emerging Fixed Interest
    23.91%
  • Middle East & African Fixed Interest
    12.88%
  • Mexican Fixed Interest
    10.64%
  • Indonesian Fixed Interest
    9.88%
  • Russian Fixed Interest
    9.23%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-2.9 %-2.86 %1.57 %41.95 %0 %
Sector-1.8 %0.01 %5.27 %23.57 %22.03 %
Rank within sector11 / 1313 / 1312 / 122 / 11 /
Quartile th4 th4 th4 th1 st th

Calendar performance

YTD-20172016201520142013
Fund-0.44 %30.01 %5.89 %11.43 %-11.31 %
Sector4.31 %24.87 %-4.21 %4.26 %-9.56 %
Rank within sector12 / 124 / 111 / 112 / 107 / 10
Quartile th4 th2 nd1 st1 st3 rd

Risk statistics

Alpha5.99
Beta0.95
Sharpe0.88
Volatility11.31
Tracking error4.76
Information ratio1.15
R-Squared0.82

Price movement

52 week high71.38
52 week low64.04
Current bid price67.2
Current offer price67.56
Current mid price0

Holdings by region

  • 12.88% Turkey
  • 10.8% Argentina
  • 10.64% Mexico
  • 9.88% Indonesia
  • 9.23% Russia
  • 8.13% Brazil
  • 6.82% Colombia
  • 6.77% Philippines
  • 6.76% Others
  • 4.38% Hungary

Holdings by sector

  • 99.02% Government Bonds
  • 0.6% Others
  • 0.38% Cash & Cash Equivalents

Holdings by asset type

  • 23.91% American Emerging Fixed Interest
  • 12.88% Middle East & African Fixed Interest
  • 10.64% Mexican Fixed Interest
  • 9.88% Indonesian Fixed Interest
  • 9.23% Russian Fixed Interest
  • 8.13% Brazilian Fixed Interest
  • 6.77% Philippine Fixed Interest
  • 6.76% Global Fixed Interest
  • 4.38% Hungarian Fixed Interest
  • 3.89% European Emerging Fixed Interest

Individual holdings

  • 3.65% RUSSIA (GOVT) 7.5 31/03/30 REGS (S2 DE)
  • 2% ARGENTINA(REPUBLIC OF) 7.5% BDS 22/04/26 USD150000
  • 1.43% ARGENTINA(REPUBLIC OF) 6.875% BDS 22/04/21 USD 150000
  • 1.4% MEXICO(UNITED MEXICAN STATES) 4.75% BDS 08/03/44 USD1000
  • 1.36% ARGENTINA(REPUBLIC OF) 8.28% BDS 31/12/33 USD1000
  • 1.28% BRAZIL(FEDERATIVE REPUBLIC OF) 4.25% BDS 07/01/25 USD1000
  • 1.21% TURKEY(REPUBLIC OF) 7.375% BDS 05/02/25 USD
  • 1.19% COLOMBIA (REP) 5 15/06/45
  • 1.16% MEXICO(UNITED MEXICAN STATES) 4% BDS 02/10/23 USD2000
  • 1.14% RUSSIAN FEDERATION MINISTRY FINANCE 5% BDS 29/04/20 USD100000`144A`