Legal & General Sterling Corporate Bond Index Fund
Unit Trust (UK UCITS compliant)
Legal & General Sterling Corporate Bond Index Fund
I-Class GBP Accumulation
ISINGB00B4M01C47
Price
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 currency | GBP |
Fund launch date | 28 Aug 2012 |
Domicile | UK |
Share class launch | 28 Aug 2012 |
Distribution yield | 3.1% |
Modified duration | 5.28 years |
Benchmark
Markit iBoxx Sterling Non-Gilts ex BBB Index
Costs
Initial charge | 0.00% |
Ongoing charges figure | 0.14% |
Dilution adjustment | 0.46% - round trip |
Fund ratings
Performance
Portfolio breakdown
As at 31 Jan 2024
Top 10 holdings | 6.5% |
---|---|
Rest of portfolio | 93.5% |
No. of issuers in fund | 267 |
---|---|
No. of issuers in index | 265 |
Top 10 holdings (%)
KfW 6% 07 Dec 28 | 0.9 |
KfW 1.125% 04 Jul 25 | 0.9 |
EU Inv Bank 1.375% 07 Mar 25 | 0.7 |
EU Inv Bank 5.625% 07 Jun 32 | 0.6 |
European Investment Bank 1% 21 Sep 26 | 0.6 |
KfW 5.75% 07 Jun 32 | 0.6 |
KfW 1.375% 15 Dec 25 | 0.6 |
United Kingdom Gilt 0.625% 07 Jun 25 | 0.6 |
European Investment Bank 6% 07 Dec 28 | 0.5 |
KFW 0.875% 15 Sep 26 | 0.5 |
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 |
Top 10 holdings | 6.5% |
---|---|
Rest of portfolio | 93.5% |
No. of issuers in fund | 267 |
---|---|
No. of issuers in index | 265 |
Top 10 holdings (%)
KfW 6% 07 Dec 28 | 0.9 |
KfW 1.125% 04 Jul 25 | 0.9 |
EU Inv Bank 1.375% 07 Mar 25 | 0.7 |
EU Inv Bank 5.625% 07 Jun 32 | 0.6 |
European Investment Bank 1% 21 Sep 26 | 0.6 |
KfW 5.75% 07 Jun 32 | 0.6 |
KfW 1.375% 15 Dec 25 | 0.6 |
United Kingdom Gilt 0.625% 07 Jun 25 | 0.6 |
European Investment Bank 6% 07 Dec 28 | 0.5 |
KFW 0.875% 15 Sep 26 | 0.5 |
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 |
Years to maturity (%)
0 - 5 Years | 58.9 |
5 - 10 Years | 18.8 |
10 - 15 Years | 8.0 |
15 - 20 Years | 7.0 |
20 - 25 Years | 2.4 |
25 - 30 Years | 2.3 |
30 - 40 Years | 2.2 |
40+ Years | 0.5 |
Credit rating (%)
AAA | 32.7 | |
AA | 21.1 | |
A | 46.2 | |
Other | 0 |
Currency (%)
GBP | 100.0 |
Country (%)
United Kingdom | 32.9 |
Supranational | 18.3 |
United States | 12.8 |
Germany | 10.3 |
France | 8.1 |
Canada | 3.5 |
Netherlands | 2.9 |
Switzerland | 1.5 |
Norway | 1.3 |
Other | 8.3 |
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
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
Document type
Prices
Pricing information
Price basis | Single swing |
Price time | 12:00 UK time |
Currency | GBP |
Download full price history
Codes and dealing
Codes
ISIN | GB00B4M01C47 |
SEDOL | B4M01C4 |
Bloomberg | LEGSCIA LN |
MEX | LGCSAB |
Dealing information
Valuation frequency | Daily, 12pm (UK time) |
Dealing frequency | Daily |
Settlement period | T+4 |
Country registration
This share class is registered for sale in the following countries: