L&G LOIM EM Lcl Govt Bd Fdml ETF USD UnH EUR (LSE:LOCE) - ETF price

ETF Report

L&G LOIM Emerging Market Local Government Bond Fundamental UCITS ETF - USD Unhedged (EUR)

Closing Price

1 Day Change

As of 25/06/2019

Last Close8.86
52-Wk Range-
Yield %-
Discount % %-0.37

Growth Of 10,000 (EUR) 31/05/2019

  • Fund: L&G LOIM Emerging Market Local Government Bond Fundamental UCITS ETF - USD Unhedged (EUR)
  • Category: Global Emerging Markets Bond - Local Currency
  • Benchmark: JPM GBI-EM Global Diversified TR USD
Trailing Returns % (EUR) 25/06/2019
3 Years Annualised2.020.551.65
5 Years Annualised---
10 Years Annualised---
Key Stats
Morningstar® CategoryGlobal Emerging Markets Bond - Local Currency
NAV 19/06/2019EUR 8.89
Day Change0.00%
12 Month Yield-
Dividend FrequencyAnnually
Net Assets (mil) 18/06/20191.74 USD
Total Expense Ratio0.55%
Initial Charge-
Exit Charge-
Manager Name-
Inception Date25/08/2015

Morningstar Rating™

Not Rated

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar


Fund Benchmark

LOIM Fundamental EM Local Ccy GR USD

Morningstar® Benchmark

JPM GBI-EM Global Diversified TR USD

Investment Objective

The investment objective of the Fund is to track the LOIM Fundamental EM Local Currency Index (the "Index"). The Index provides long-only exposure to the debt of emerging markets and developing countries*, whose weights are determined according to Lombard Odier Investment Management (LOIM) proprietary fundamental weighting methodology, which uses fundamental factors to assess issuers’ creditworthiness and identify those believed to be best placed to repay their debt. The approach is an alternative to traditional market-cap investing which over-weights those issuers with the greatest level of outstanding debt. This approach aims to better diversify portfolio risk as well as improve the risk-adjusted returns (the Sharpe ratio).

Portfolio Profile18/06/2019

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
Top Fixed Income Sectors
Fixed Income Sector%
Cash & Equivalents102.04
Top Holdings
IncreaseDecreaseNew since last portfolio
DecreasePoland (Republic of) 5.75% Country_-
DecreaseThe Republic of Peru 8.2% Country_-
DecreaseMexico (United Mexican States) 10% Country_-
DecreaseMexico (United Mexican States) 7.5% Country_-
DecreaseRepublic of Colombia 9.85% Country_-
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