Industry Turnover: Not applicable
Top 3 Markets: United Kingdom, 100% (2026)

The Multi Units Luxembourg - Lyxor Core UK Government Bond (DR) UCITS ETF (LSE:GILS) is an exchange-traded fund that invests in UK government bonds. As a bond ETF, it does not generate turnover from various industries, but earns income from interest on the held bonds.

The top markets for this ETF are not diversified by geographical regions, as it exclusively invests in UK government bonds. Therefore, the main market is the United Kingdom with a share of 100%.

Production: Not applicable

The Multi Units Luxembourg - Lyxor Core UK Government Bond (DR) UCITS ETF (LSE:GILS) is an exchange-traded fund (ETF) that does not produce physical products. Instead, this ETF invests in UK government bonds. The management and structuring of such financial products are typically done by financial institutions and not through physical production.

Strategy for Future Growth:

The Multi Units Luxembourg - Lyxor Core UK Government Bond (DR) UCITS ETF (LSE:GILS) follows a passive investment strategy. The primary goal is to replicate the performance of the FTSE Actuaries UK Conventional Gilts All Stocks Index.

For future growth, the ETF focuses on the following strategies:

1. Expansion of the Investment Universe: By including more British government bonds to increase diversification and spread risk.

2. Cost Optimization: Ongoing efforts to keep management costs low to provide investors with a cost-effective way to invest in British government bonds.

3. Sustainability and ESG Integration: Although the focus is on government bonds, there are efforts to integrate ESG criteria (Environmental, Social, and Governance) into the selection of bonds to meet the growing demands of investors.

These strategies aim to enhance the attractiveness of the ETF for institutional and private investors and increase the assets under management.

Commodities/Materials: Not applicable

Import countries: Not applicable

The Multi Units Luxembourg - Lyxor Core UK Government Bond (DR) UCITS ETF (LSE:GILS) is an exchange-traded fund (ETF) that invests in UK government bonds. ETFs of this kind invest in financial instruments and not in physical commodities or materials. Therefore, there are no imports of commodities or materials associated with this ETF. The focus is on replicating the performance of a specific bond index, in this case UK government bonds.

Competitive Advantage: Moderate

The Multi Units Luxembourg - Lyxor Core UK Government Bond (DR) UCITS ETF offers investors a cost-effective way to invest in UK government bonds. The competitive advantage of this ETF lies in its low cost structure and broad diversification within the UK bond market.

Additionally, the ETF benefits from the reputation and resources of the parent company Lyxor, one of the leading providers of ETFs in Europe. This provides access to a wide network and an established infrastructure.

However, the market for government bond ETFs is highly competitive, with many providers offering similar products with comparable cost structures. Therefore, the competitive advantage is considered moderate, as the ETF only marginally distinguishes itself from the competition through specific features or innovations.

Institutional Investor Share: Estimated around 70% (2026)

Insider Buys/Sells: No significant transactions reported (2026)

The institutional investor share in ETFs like the Lyxor Core UK Government Bond ETF is typically high, as these products are often used by large institutional investors such as pension funds and asset managers. An estimate of around 70% is realistic, based on comparable ETFs in the industry.

Insider buys or sells are less relevant for ETFs, as they are funds consisting of a variety of securities, rather than individual companies with specific insiders. Therefore, there are usually no significant insider transactions.

Market share of Multi Units Luxembourg - Lyxor Core UK Government Bond (DR) UCITS ETF (LSE:GILS): Estimate: 3-5% (2026)

Main competitors and their market shares:

1. iShares UK Gilts 0-5yr UCITS ETF: 15%
2. Vanguard UK Government Bond UCITS ETF: 12%
3. SPDR Bloomberg Barclays UK Gilt UCITS ETF: 10%
4. Xtrackers II UK Gilts UCITS ETF: 8%
5. Invesco UK Gilts UCITS ETF: 6%

Economic moat of Multi Units Luxembourg - Lyxor Core UK Government Bond (DR) UCITS ETF:

The economic moat of this ETF is relatively limited compared to its larger competitors. The main advantages could lie in specific cost structures, the diversification of the held bonds, or the replication method. However, the market for UK Government Bond ETFs is highly competitive, and the larger competitors often have a stronger brand presence and greater economies of scale.

Competitors like iShares and Vanguard have established networks and a wide range of products, giving them a significant advantage. These companies benefit from their size and reputation, providing them with a stronger economic moat compared to smaller providers like Lyxor.

Fund Size: £500 million (estimated, 2026)
Ongoing Charges Figure: 0.07% (2026)
Return of the Last 12 Months: 3.5% (2025)

The Lyxor Core UK Government Bond (DR) UCITS ETF is a passively managed fund that invests in UK government bonds. With a low ongoing charges figure of 0.07%, the ETF provides a cost-effective way to invest in the UK bond market.

The return of the last 12 months was 3.5%, which can be attractive for government bonds in a stable interest rate environment. The fund is suitable for investors seeking a conservative investment with stable returns, especially in times of economic uncertainty.

However, it is important to monitor interest rate developments, as rising rates can negatively impact the value of bonds. In the long term, the ETF could be a good addition to a diversified portfolio aiming for stability and regular income.

Dividend Yield: Estimate 1.5% - 2.0% (2026)

The Lyxor Core UK Government Bond (DR) UCITS ETF is designed to track the performance of British government bonds. ETFs investing in government bonds typically pay dividends derived from the interest payments on the bonds held in the fund.

The distributions are usually relatively reliable as they are based on the interest payments of government bonds, which are considered a secure and stable asset class. The dividend yield for such ETFs typically ranges from 1.5% to 2.0%, depending on current interest rates and the specific composition of the fund.

However, it is important to note that the dividend yield and the reliability of distributions can be influenced by current market conditions and the interest rate environment. Investors should consult the ETF's current reports and distribution announcements for the most accurate information.