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ETF sheet · Issuer-declared data

L&G USD Corporate Bond Screened UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE00BLRPRD67Ticker: USDCIssuer: LGIM
Issuer-declared data
Declared index
J.P. Morgan ESG Global Credit (GCI) Investment Grade USD Custom Maturity Index
TER
0.09%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
78.1 mln EUR
Domicile
Ireland
Inception date
21 January 2021
Data as declared by LGIM in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

L&G USD Corporate Bond Screened UCITS ETF tracks the issuer-declared index: J.P. Morgan ESG Global Credit (GCI) Investment Grade USD Custom Maturity Index. The declared annual cost (TER) is 0.09%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is sampled physical replication (the KID declares buying a representative sample of constituents); income is distributed to investors. The fund has assets of about 78 million euro, was launched on 21 January 2021 and is domiciled in Ireland. In our registry it is the largest by assets among the 2 ETFs declaring the same index.

The fund’s objective — in the issuer’s words

The investment objective of the Fund is to provide exposure to the US Dollar-denominated investment grade corporate bond market. The Fund is passively managed and aims to track the performance of the J.P. Morgan Global Credit Index (GCI) ESG Investment Grade USD Custom Maturity Index (the “Index”), before the deduction of fees and expenses. The Index is designed to provide exposure to U.S. dollar denominated investment grade corporate bonds, in accordance with its methodology.

Keep reading the KID section ▾

The Fund seeks to achieve its investment objective using an optimisation/representative sampling approach and invests in a representative selection of bond securities which, taken together, are expected to have risk and performance characteristics similar to those of the Index. The Fund may also invest in bond related securities and instruments that are not constituents of the Index but have similar risk and performance characteristics, and may use financial derivative instruments for efficient portfolio management or to assist in tracking the performance of the Index. The Fund promotes a range of environmental and social characteristics which are met by tracking the Index. Further information on how such characteristics are met by the Fund can be found in the Fund Supplement. This Share Class aims to pay semi-annual dividends out of the Fund's net income by electronic transfer. Shares in this Share Class (the "Shares") are denominated in USD and can be bought and sold on stock exchanges by ordinary investors using an intermediary (e.g. a stockbroker). In normal circumstances, only Authorised Participants may buy and sell Shares directly with the Company. Authorised Participants may redeem their Shares on demand in accordance with the "Dealing Timetable" published on http://www.lgim.com.

The depositary of the Fund is the Bank of New York Mellon SA/NV, Dublin Branch. Further information about the Fund and the share class can be obtained from the Company's prospectus and the annual and semi-annual reports, which are available, in addition to the latest prices for the share class and details of any other share classes, free of charge at: www.lgim.com.

Intended Retail Investor:The Fund is designed for investors looking for a combination of growth and income from an investment in developed market US Dollar-denominated investment grade corporate bonds which can form part of their existing savings portfolio. Although investors can take their money out at any time, the Fund may not be appropriate for those who plan to withdraw their money within five years. The Fund is not designed for investors who cannot afford more than a minimal loss of their investment.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.09%: below the median of bond ETFs we track (0.15%).
  • Average tracking difference over the last 3 years: -0.05% p.a., against a declared TER of 0.09%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in Italian, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Jan 2021 to Jul 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+2.3%
Annualised
+0.4%
Volatility (ann.)
5.4%
Max drawdown
-19.96%
-22%-14%-7%+0%+7%Jan 2021Jun 2022Oct 2023Mar 2025Jul 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+2%Jan 2021Jul 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%202120222023202420252026−19.96% · 21 Oct 2022
Max drawdown
-19.96%
peak → trough
Trough
21 Oct 2022
from the 02 Aug 2021 peak
Recovery time
1,050 days
recovery only: trough to break-even · ≈ 2 years and 10 months
Underwater
1,495 days
decline + recovery: peak to break-even · ≈ 4 years and 1 month · → recovered on 05 Sept 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
02 Aug 202121 Oct 2022-19.96%05 Sept 20251,495
25 Jan 202118 Mar 2021-4.17%07 Jul 2021163
27 Feb 202627 Mar 2026-2.52%ongoing154
28 Oct 202505 Nov 2025-1.18%14 Jan 202678
16 Sept 202525 Sept 2025-0.73%13 Oct 202527

Calendar-year returns

2021
-0.5%
2022
-14.0%
2023
8.4%
2024
3.0%
2025
7.5%
2026
-0.3%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.31.2-1.80.50.70.2-1.3-0.3
20250.61.8-0.20.10.01.70.21.01.20.40.6-0.17.5
20240.1-1.31.1-2.01.70.72.11.41.6-2.01.1-1.43.0
20233.8-2.72.30.8-1.10.20.5-0.5-2.2-1.65.33.78.4
2022-2.8-1.9-2.4-4.60.8-2.42.7-2.4-4.8-0.94.4-0.2-14.0
2021-1.6-1.50.90.71.41.2-0.3-0.90.10.0-0.2-0.5
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: LGIM. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 1 of the last 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.05% /anno
Declared TER
0.09%
YearFundIndexDifference
2025+7.46%+7.53%-0.07%
2024+3.01%+3.06%-0.05%
2023+8.38%+8.42%-0.04%
2022-13.99%-14.02%+0.03%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)7.05%8.16%9.36%9.10%
Max drawdown-6.61%-13.91%-18.31%-18.31%
Sharpe-0.67-0.58-0.53-0.44
Sortino-0.84-0.74-0.71-0.60
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Duration and maturities

Duration · modified duration
5.81years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
0–5 years
50.50%
5–10 years
25.40%
10–15 years
5.10%
15–20 years
5.40%
20–25 years
6.60%
25–30 years
5.00%
30–40 years
1.70%
40+ years
0.20%

Source: factsheet LGIM, data as of 30 June 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
AAA
0.70%
AA
7.70%
A
47.90%
BBB
43.10%
BBB–
0.10%
BB
0.50%

Source: factsheet LGIM, data as of 30 June 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Top-10 weight
3.7%

Top 10 holdings

Mitsubishi 2,34% 19/01/28
0.40%
Crédit Agricole 5,86% 09/01/36
0.40%
US Bank 4,51% 22/10/27
0.40%
Citibank 4,58% 29/05/27
0.40%
ANZ 4,62% 16/12/29
0.40%
Truist Bank 4,63% 17/09/29
0.40%
National Australia Bank 3,93% 02/08/34
0.40%
Banque Federative 5,11% 15/01/36
0.30%
Rabobank UA 3,76% 06/04/33
0.30%
Banco Santander 6,92% 08/08/33
0.30%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.7%AustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 3.5%Switzerland: 1.2%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 1.8%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 1.4%EstoniaEthiopiaFinlandFijiFalkland IslandsFrance: 1.9%GabonUnited Kingdom: 4.2%GeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapan: 3.4%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 76.7%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States76.7%
United Kingdom4.2%
Canada3.5%
Japan3.4%
France1.9%
Germany1.8%
Australia1.7%
Top 10 holdings and breakdowns as declared by LGIM in the fund factsheet, data as of 30 June 2026. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
0.2069 USD
ex 16 Jul 2026 · paid 24 Jul 2026
Dividends, last 12 months
0.41 USD
Dividend yield
4.88%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.41 USD4.70 %
20250.40 USD4.60 %
20240.35 USD4.04 %
20230.28 USD3.40 %
20220.20 USD1.99 %

Dividend contribution to total return

-20%-10%0%10%+1.05 %1 year+7.15 %2025+2.89 %2024+8.33 %2023−13.88 %2022
dividendsprice changeprice decline

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.200.21
20250.200.20
20240.170.18
20230.130.15
20220.090.10
20210.08

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.2069 USD16 Jul 202617 Jul 202624 Jul 2026
0.2046 USD15 Jan 202616 Jan 202623 Jan 2026
0.2016 USD17 Jul 202518 Jul 202525 Jul 2025
0.1951 USD16 Jan 202517 Jan 202524 Jan 2025
0.1832 USD11 Jul 202412 Jul 202419 Jul 2024
0.1695 USD18 Jan 202419 Jan 202426 Jan 2024
0.1549 USD20 Jul 202321 Jul 202328 Jul 2023
0.1283 USD19 Jan 202320 Jan 202327 Jan 2023
Per-share dividends as declared by the issuer, in USD, since the first payment (15 Jul 2021). Past dividends are not indicative of future ones.

Share classes of the same fund

This page covers ISIN IE00BLRPRD67 (share class USD Dist.). The other classes belong to the same fund but may differ in currency, income policy or currency hedging.
Share classISINTickerIncomeCurrency
EUR Acc. CopertaIE000NA8E2W0USAHAccumulatingEUR
USD Dist. · this pageIE00BLRPRD67USDCDistributingUSD
Share classes declared by the issuer in official product lists (same fund = same issuer and same declared name). A dash “—” = not declared — not a zero.

ETFs declaring the same index

FundTERIncomeFund size
USAH · LGIMnot on Borsa Italiana
0.12%Acc.78 mln EUR
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00BLRPRD67
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 1,000 €, agreement until 31 December 2026
  • Moneyfarmzero on single buys from 1,000 €, agreement until 29 June 2029
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)USDC21 Jan 2021
Börse DüsseldorfUSAB21 Jan 2021
Börse FrankfurtUSAB21 Jan 2021
Börse HamburgUSAB19 Feb 2021
Börse HannoverUSAB9 Dec 2024
Börse München / gettexUSAB23 Mar 2022
Börse StuttgartUSAB5 Feb 2021
Tradegate ExchangeUSAB16 Sept 2022
Xetra (Deutsche Börse)USAB21 Jan 2021
+ 8 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does L&G USD Corporate Bond Screened UCITS ETF track?
The issuer LGIM declares the benchmark: J.P. Morgan ESG Global Credit (GCI) Investment Grade USD Custom Maturity Index.
How much does USDC cost?
The issuer-declared TER is 0.09% per year; the transaction costs estimated in the KID are 0.00%.
What is the fund size of USDC?
The fund size declared by LGIM is about 78 million euro.
When was USDC launched?
The fund was launched on 21 January 2021: it has 5 years of history.
How does USDC replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (sampled) (issuer wording: “Fisica - campionamento (dal KID)”).
Does USDC pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does USDC trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (USDC), Börse Düsseldorf (USAB), Börse Frankfurt (USAB), Börse Hamburg (USAB), Börse Hannover (USAB), Börse München / gettex (USAB).
What was USDC's worst fall?
Over the available history (since 2021), the maximum drawdown was -21.69%, reached in October 2022. Past performance is not indicative of future results.
What is USDC's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.05% per year versus its index (from issuer-declared series).
Transparency note
The data in this sheet is declared by LGIM in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.