Collectives

Unit Trust (UK UCITS compliant)

Legal & General Sterling Corporate Bond Index Fund

I-Class GBP Accumulation

ISINGB00B4M01C47

Price

Fund aim

The objective of the Fund is to track the performance of the Markit iBoxx Sterling Non-Gilts ex BBB, the "Benchmark Index" before fees and expenses are applied. Fund performance may differ from the Benchmark Index due to the deduction of fees and expenses and the impact of any tracking error factors.

Fund snapshot

  • What does it invest in? Invests in sterling denominated bonds issued by companies rated AAA, AA or A by credit ratings agencies.
  • How does it invest? Passively managed, aiming to replicate the performance of the Index.

Fund facts

Fund size£1,040.2m
Base currencyGBP
Fund launch date28 Aug 2012
DomicileUK
Share class launch28 Aug 2012
Distribution yield3.1%
Modified duration5.28 years
As at 31 Jan 2024

Benchmark

Markit iBoxx Sterling Non-Gilts ex BBB Index

Costs

Initial charge0.00%
Ongoing charges figure0.14%
Dilution adjustment0.46% - round trip

Fund ratings

Performance

Performance for the I Acc unit class in GBP, launched on 28 August 2012. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
Share class launch date:28 Aug 2012
Benchmark:Markit iBoxx Sterling Non-Gilts ex BBB Index
Share class launch date:28 Aug 2012
Benchmark:Markit iBoxx Sterling Non-Gilts ex BBB Index
    Share class launch date:28 Aug 2012
    Benchmark:Markit iBoxx Sterling Non-Gilts ex BBB Index

    Portfolio breakdown

    As at 31 Jan 2024

    Top 10 holdings6.5%
    Rest of portfolio93.5%
    No. of issuers in fund267
    No. of issuers in index265

    Top 10 holdings (%)

    KfW 6% 07 Dec 280.9
    KfW 1.125% 04 Jul 250.9
    EU Inv Bank 1.375% 07 Mar 250.7
    EU Inv Bank 5.625% 07 Jun 320.6
    European Investment Bank 1% 21 Sep 260.6
    KfW 5.75% 07 Jun 320.6
    KfW 1.375% 15 Dec 250.6
    United Kingdom Gilt 0.625% 07 Jun 250.6
    European Investment Bank 6% 07 Dec 280.5
    KFW 0.875% 15 Sep 260.5

    Sector (%)

    Core Financials
    25.4
    Supranationals
    18.3
    Agencies
    12.9
    Housing Associations
    7.0
    Consumer Goods
    4.3
    Utilities
    3.3
    Financial Services
    3.1
    Consumer Services
    3.0
    Non-financials
    2.7
    Other
    20.0

    All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index.

    Fund managers

    LGIM Index Fund Management Team headshot

    LGIM Index Fund Management Team

    The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.

    Literature

    Prices

    Pricing information

    Price basisSingle swing
    Price time12:00 UK time
    CurrencyGBP
    Monthly price history
    Please note that a maximum of 10 years price history is available.

    Codes and dealing

    Codes

    ISINGB00B4M01C47
    SEDOLB4M01C4
    BloombergLEGSCIA LN
    MEXLGCSAB

    Dealing information

    Valuation frequencyDaily, 12pm (UK time)
    Dealing frequencyDaily
    Settlement periodT+4

    Country registration

    This share class is registered for sale in the following countries:

    United Kingdom