Fund facts
Fund size
£1,502.5m
Base currency
GBP
Launch date
10 Sep 2012
Domicile
UK
Share class launch
Statistics
Modified duration
6.72 years
Gross redemption yield (unhedged)
5.52%
As at 31 Aug 2023
Fund aim
The objective of the Fund is to provide capital growth and income above those of the Bloomberg Capital USD / EUR / GBP Corporate 1% Issuer Capped Index (Unhedged) (the “Benchmark Index”). The Fund aims to outperform the Benchmark Index over rolling three year periods, after the deduction of all fees and expenses.
Benchmark
Fund snapshot
- What does it invest in? Invests in a variety of US Dollar, Sterling and Euro denominated bonds issued by companies, governments or other entities, including asset backed securities. May also invest in derivatives.
- How does it invest? Actively managed, with discretion for the Manager to select bonds and other fixed income instruments in different geographies, sectors and currencies, provided they have an investment grade (lower risk) credit rating.
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 B GBP (Hedged) Acc unit class in GBP, launched on 10 September 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 B GBP (Hedged) Inc unit class in GBP, launched on 16 November 2017. 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 GBP Acc unit class in GBP, launched on 24 September 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 EUR (Hedged) Acc unit class in EUR, launched on 14 February 2013. 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 M JPY (Hedged) Acc unit class in JPY, launched on 28 March 2017. 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 Y JPY (Unhedged) Acc unit class in JPY, launched on 31 March 2016. 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 (%)
Performance summary (%)
As at 31 Aug 2023
| Cumulative | Fund | Benchmark |
| 1 month | -0.62 | -0.60 |
| 6 months | -0.04 | 1.36 |
| Year to date | 0.64 | 1.71 |
| 3 years | -13.10 | -14.62 |
| 5 years | -0.70 | -3.92 |
| Since launch | 13.00 | - |
| Annualised | Fund | Benchmark |
| 1 year | -1.75 | -1.01 |
| 3 years | -4.57 | -5.13 |
| 5 years | -0.14 | -0.80 |
| Since launch | 1.17 | - |
As at 30 Jun 2023
| Cumulative | Fund | Benchmark |
| Quarterly | -0.34 | -0.59 |
| Year to date | 0.70 | 1.78 |
| 3 years | -11.81 | -13.20 |
| 5 years | -0.04 | -3.22 |
| Since launch | 13.07 | - |
| Annualised | Fund | Benchmark |
| 1 year | -1.36 | -1.17 |
| 3 years | -4.10 | -4.61 |
| 5 years | -0.01 | -0.65 |
| Since launch | 1.19 | - |
Rolling 12-month performance to last quarter end (%)
| 12 months to 30 June | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 7.35 | 2.05 | 7.18 | -0.03 | -1.88 | 6.29 | 6.64 | 4.26 | -14.24 | -1.36 |
| Benchmark | 7.40 | 1.37 | 6.25 | 0.87 | -1.91 | 6.40 | 4.79 | 2.59 | -14.39 | -1.17 |
Calendar year performance (%)
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 7.50 | 0.28 | 4.63 | 2.96 | -3.67 | 9.28 | 9.68 | -0.45 | -16.16 |
| Benchmark | - | 7.70 | -0.74 | 4.73 | 3.60 | -3.90 | 9.42 | 6.70 | -1.82 | -16.49 |
Monthly performance (%)
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -1.75 | -4.57 | -0.14 | 1.17 |
| Benchmark | -1.01 | -5.13 | -0.80 | - |
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -1.36 | -4.10 | -0.01 | 1.19 |
| Benchmark | -1.17 | -4.61 | -0.65 | - |
Portfolio
As at 31 Aug 2023. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
This is the currency breakdown before allowing for any hedging the fund may use.
| Top 10 issuers | 27.4 | |
| Rest of portfolio | 72.6 |
| No. of issuers | 649 |
Top 10 issuers (%)
| United States of America | 9.9 |
| United Kingdom | 5.4 |
| Federal Republic of Germany | 2.1 |
| Wells Fargo & Co | 1.7 |
| JPMorgan Chase & Co | 1.6 |
| National Amusements | 1.4 |
| British American Tobacco | 1.4 |
| Pfizer | 1.4 |
| UBS Group | 1.3 |
| Svenska Handelsbanken | 1.2 |
Fund Managers
Colin is co-Head of Global Fixed Income and has responsibility for the London based fixed income team as well as overall portfolio management responsibilities for our Global Credit and Absolute Return strategies. Colin joined LGIM in 2005 from Henderson Global Investors where he was Head of Investment Grade Credit Fund Management. He has over 30 years’ experience in bond markets, specialising in non-government debt, and he has previously worked for Henderson Global Investors, Scottish Widows and Scottish Amicable.
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, responsible for Euro-benchmarked and absolute return funds. He joined LGIM in March 2009 as a senior research analyst responsible for covering financial institutions and joined the Euro credit portfolio management team in February 2011. Prior to this Matthew spent three years as a Partner at Banquo Credit Management (a multibillion euro absolute return investment manager) and four years at UBS as Head of Financial Institutions Ratings Advisory. Matthew has more than 20 years’ experience in financial services and graduated from the University of York with a BA (hons) in English. He qualified as a chartered accountant with Coopers & Lybrand in 1996.
ColinReedie
MatthewRees
Literature
Fact sheets
2023Change date
ESG reports
Reports and accounts
2023Change date
Annual Report and Accounts
30 Apr 2023Annual Report and Accounts
30 Apr 2022Annual Report and Accounts
30 Apr 2021Annual Report and Accounts
30 Apr 2020Annual Report and Accounts
30 Apr 2019Annual Report and Accounts
30 Apr 2018Annual Report and Accounts
30 Apr 2017Interim Report and Accounts
31 Oct 2022Interim Report and Accounts
31 Oct 2021Interim Report and Accounts
31 Oct 2020Interim Report and Accounts
31 Oct 2019Interim Report and Accounts
31 Oct 2018Trading information
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
Total dividends paid in each financial year of the fund.
Prices
Name
F EUR Hedged Acc
Mid price
110.40c
Change (%)
-0.09
Currency
EUR
Price time
22:00 UK time
Name
C GBP Acc
Mid price
157.00p
Change (%)
-0.44
Currency
GBP
Price time
22:00 UK time
Name
B GBP Hedged Acc
Mid price
124.30p
Change (%)
-0.08
Currency
GBP
Price time
22:00 UK time
Name
B GBP Hedged Inc
Mid price
85.60p
Change (%)
-0.07
Currency
GBP
Price time
22:00 UK time
Name
M JPY Hedged Acc
Mid price
¥92.83
Change (%)
-0.12
Currency
JPY
Price time
22:00 UK time
Name
Y JPY Acc
Mid price
¥139.70
Change (%)
0
Currency
JPY
Price time
22:00 UK time
Further details
Costs
Price basis
Single - dilution levy
Initial charge
0.00%
Ongoing charges figure
0.05%
Dilution levy
0.364%- round trip
Codes
ISIN
GB00B6V6NT85
SEDOL
B6V6NT8
Bloomberg
LGGEUHF LN
MEX
-
Dealing information
| Valuation frequency | Daily, 22:00 GMT |
| Dealing frequency | Each Business Day |
| Settlement period | T+3 |
Country registration
This share class is registered for sale in the following countries:
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.
Index disclaimer
Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
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