Unit Trust (UK UCITS compliant)

Legal & General Strategic Bond Fund

Please note on 6 February 2023 the Fund’s name changed to Legal & General Strategic Bond Fund. There was no change to the investment objective and policy of the Fund, the way the Fund is managed or its risk profile.

Fund facts

Fund size
£268.9m
Base currency
GBP
Launch date
1 May 2007
Domicile
UK
Share class launch

Statistics

Annualised yield
4.4%
Modified duration
2.85 years

As at 28 Feb 2023

Fund aim

The objective of this Fund is to provide income and growth.

Benchmark

IA £ Strategic Bond

Sector

IA £ Strategic Bond

  • What does it invest in? Invests in all types of bonds and related investments, from UK and overseas issuers, across the risk spectrum.
  • How does it invest? Actively managed, with wide discretion to invest in different types of securities and derivatives. Aims to hold at least 80% in bonds and will have a net exposure of at least 80% to sterling.

Further details

Costs

Price basis
Single swing
Initial charge
0.00%
Ongoing charges figure
0.63%
Dilution adjustment
0.500%- round trip

Codes

ISIN
GB00B1TWMW95
SEDOL
B1TWMW9
Bloomberg
LGDNBIA
MEX
LGBTBI

Dealing information

Valuation frequencyDaily, 3pm (UK time)
Dealing frequencyDaily
Settlement periodT+4

Country registration

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

Fund updates

Performance

Source: Lipper

LIBOR is changing: read more on how future reforms of interbank offered rates may affect your investments with us.

Performance for the C Acc unit class in GBP, launched on 12 March 2018. 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.

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.

Performance for the C Inc unit class in GBP, launched on 16 March 2022. 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.

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.

Performance for the F Acc unit class in GBP, launched on 20 December 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.

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.

Performance for the F Inc unit class in GBP, launched on 20 December 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.

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.

Performance for the I Acc unit class in GBP, launched on 01 May 2007. 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.

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.

Performance for the I Inc unit class in GBP, launched on 01 May 2007. 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.

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.

Performance for the L Acc unit class in GBP, launched on 25 April 2019. 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.

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.

Performance for the L Inc unit class in GBP, launched on 01 May 2007. 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.

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.

Performance for the R Acc unit class in GBP, launched on 01 May 2007. 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.

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.

Performance for the R Inc unit class in GBP, launched on 01 May 2007. 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.

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.

Performance for the X Acc unit class in GBP, launched on 01 May 2007. 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.

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.

Performance for the X Inc unit class in GBP, launched on 01 May 2007. 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.

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.

Performance for the unit class in GBP, launched on 14 July 2008. 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.

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.

Performance for the unit class in GBP, launched on 26 October 2018. 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.

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.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 28 Feb 2023

    CumulativeFundIA Sector
    1 month-0.89-1.64
    6 months6.10-0.17
    Year to date1.921.33
    3 years10.31-5.46
    5 years15.112.75
    Since launch--
    AnnualisedFundIA Sector
    1 year3.34-7.37
    3 years3.32-1.86
    5 years2.850.54
    Since launch--

    As at 31 Dec 2022

    CumulativeFundIA Sector
    Quarterly5.614.22
    Year to date-4.13-11.95
    3 years10.59-5.51
    5 years13.010.52
    Since launch--
    AnnualisedFundIA Sector
    1 year-4.13-11.95
    3 years3.41-1.87
    5 years2.470.10
    Since launch--
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Calendar year performance (%)

    FundIA Sector
    20135.472.86
    20143.016.03
    20150.35-0.24
    2016-1.087.06
    20174.324.94
    2018-5.76-2.34
    20198.438.93
    202012.526.37
    20212.520.89
    2022-4.13-11.97

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund3.343.322.85-
    IA Sector-7.37-1.860.54-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-4.133.412.47-
    IA Sector-11.95-1.870.10-

    Portfolio

    As at 28 Feb 2023. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Currency exposure (PV %) top 5 long / top 5 short

    USD4.5
    HUF1.2
    MXN0.8
    COP0.5
    CLP0.4
    CHF-0.6
    SGD-0.9
    INR-0.9
    THB-1.4
    TWD-1.7

    Credit rating (%)

    AAA5.1
    AA17.5
    A10.0
    BBB27.9
    BB20.1
    B10.8
    CCC2.5
    D0.1
    NR0.8
    Other5.1

    Sector (%)

    Banks29.5
    Sovereign23.5
    Consumer Services7.3
    Consumer Goods6.0
    Utilities5.2
    Cash and Equivalents5.1
    Real Estate3.8
    Oil & Gas3.8
    Industrials2.9
    Other12.9
    Top 10 issuers31.3
    Rest of portfolio68.7
    No. of issuers311

    Top 10 issuers (%)

    United Kingdom13.6
    United States of America4.5
    HSBC Holdings2.5
    Permanent TSB Group Holdings2.2
    Marks & Spencer Group1.9
    Banco de Sabadell1.4
    Volkswagen1.4
    Lloyds Banking Group1.4
    Westpac Banking1.3
    Energy Transfer1.1

    Country (%)

    United Kingdom28.6
    United States23.5
    Spain5.6
    France4.9
    Italy3.1
    Germany2.7
    Ireland2.7
    Greece2.0
    China1.9
    Other24.9

    Fund Managers

    As Head of Active Strategies, Colin has responsibility for both the London-based fixed income and equity teams, as well as portfolio management responsibilities for our Global Credit, Absolute Return and Equity/Credit strategies. Colin joined LGIM in 2005 and has over 30 years’ experience.

    Matthew was appointed Head of Global Bond Strategies in September 2019. Prior to this he was co-head of the Euro credit portfolio management team, and joined LGIM in March 2009. Matthew has more than 25 years’ experience in financial markets.

    ColinReedie

    MatthewRees

    Literature

    Fact sheets

    2023Change date
    Fact sheet
    Choose share class

    Marketing documents

    Income

    Latest dividends

    The latest dividends are shown below. The historic level of income generated by this fund may go down as well up and will vary over time.

    of

    Dividend history

    Total dividends paid in each financial year of the fund.

    Prices

    Name
    I GBP Acc
    Price
    107.20p
    Change (%)
    -0.09
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    I GBP Inc
    Price
    50.65p
    Change (%)
    -0.08
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    F GBP Acc
    Price
    101.50p
    Change (%)
    -0.1
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    F GBP Inc
    Price
    48.72p
    Change (%)
    -0.08
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    R GBP Acc
    Price
    96.20p
    Change (%)
    -0.07
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    R GBP Inc
    Price
    47.97p
    Change (%)
    -0.08
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Acc
    Price
    55.88p
    Change (%)
    -0.07
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Inc
    Price
    47.92p
    Change (%)
    -0.08
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    L GBP Acc
    Price
    58.12p
    Change (%)
    -0.07
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    L GBP Inc
    Price
    53.15p
    Change (%)
    -0.08
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    GBP
    Price
    -
    Change (%)
    -
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    GBP
    Price
    -
    Change (%)
    -
    Currency
    GBP
    Price time
    15:00 UK time

    A single swing price is displayed from 1st December 2020. Prior to this date, Bid and Offer prices are displayed for those funds that were previously dual priced.

    For valuations and account queries contact:

    Legal & General (Unit Trust Managers) Limited
    PO Box 6080
    Wolverhampton
    WV1 9RB
    Tel : 0370 050 0955
    Email: [email protected]

    Legal & General ICAV
    LGIM Liquidity Funds Plc

    Northern Trust International Fund Administration Services (Ireland) Limited
    City East Plaza - Block A
    Towlerton
    Ballysimon Road
    Limerick
    Ireland
    V94 X2N9
    Fax: +353 1 434 5293
    Telephone: +353 1 434 5080
    Email: [email protected]

    Legal & General SICAV
    Northern Trust Global Services SE
    10 Rue du Château d'Eau
    L-3364 Leudelange
    Grand-Duché de Luxembourg
    Facsimile: +352 28 294 454
    Telephone: +352 28 294 123
    Email: [email protected]

    Key risks

    The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.

    Past performance is no guarantee of future results.

    This fund holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell bonds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.

    The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.

    The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.

    Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains. The impact to the fund can be greater where derivatives are used in an extensive or complex way.

    The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.

    We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.

    Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.

    Important information

    This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.

    No investment decisions should be made without first reviewing the key investor information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.

    Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.

    This information is only directed at investors resident in jurisdictions where each fund is registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.

    All information detailed on this website is current at the time of publication and may be changed in the future.

    Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.

    Source and third party data

    Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.

    Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data

    Issuer

    Issued by Legal & General Investment Management Limited as promoter and distributor for this fund in the UK.

    Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.