Fund facts
Fund size
£194.4m
Base currency
GBP
Launch date
15 Oct 2001
Domicile
UK
Share class launch
Statistics
Annualised yield
3.8%
Modified duration
2.96 years
As at 31 Aug 2023
Fund aim
The objective of the Fund is to generate income whilst preserving capital.
Benchmark
Fund snapshot
- What does it invest in? Invests in bonds issued by UK and overseas companies and governments.
- How does it invest? Actively managed, with at least 80% in bonds with an investment grade (lower risk) credit rating, but may invest up to 20% in bonds with a sub-investment grade (higher risk) credit rating.
Performance
Source: Lipper
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Performance for the A Acc unit class in GBP, launched on 15 October 2001. 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 A Inc unit class in GBP, launched on 15 October 2001. 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 31 October 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 Inc unit class in GBP, launched on 31 October 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 L Acc unit class in GBP, launched on . 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 R Acc unit class in GBP, launched on 23 February 2009. 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 23 February 2009. 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 | 0.50 | 0.48 |
| 6 months | 0.71 | 0.79 |
| Year to date | 2.25 | 2.33 |
| 3 years | -4.23 | -4.97 |
| 5 years | 2.70 | 1.53 |
| Since launch | - | - |
| Annualised | Fund | Benchmark |
| 1 year | 1.63 | 2.39 |
| 3 years | -1.43 | -1.68 |
| 5 years | 0.53 | 0.30 |
| Since launch | - | - |
As at 30 Jun 2023
| Cumulative | Fund | Benchmark |
| Quarterly | -1.87 | -2.08 |
| Year to date | -0.31 | -0.39 |
| 3 years | -4.88 | -6.27 |
| 5 years | 0.74 | -0.76 |
| Since launch | - | - |
| Annualised | Fund | Benchmark |
| 1 year | -2.21 | -2.20 |
| 3 years | -1.65 | -2.13 |
| 5 years | 0.15 | -0.15 |
| Since launch | - | - |
Rolling 12-month performance to last quarter end (%)
| 12 months to 30 June | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 7.43 | 4.78 | 4.03 | 7.15 | 1.25 | 4.01 | 1.83 | 5.82 | -8.08 | -2.21 |
| Benchmark | 4.74 | 3.33 | 3.60 | 4.11 | 0.76 | 3.40 | 2.39 | 3.28 | -7.20 | -2.20 |
Calendar year performance (%)
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.31 | 9.60 | 0.18 | 8.01 | 5.55 | -1.78 | 7.56 | 3.60 | 0.28 | -9.00 |
| Benchmark | 3.86 | 4.88 | 1.48 | 5.43 | 2.59 | -0.25 | 5.04 | 3.80 | -0.69 | -8.07 |
Monthly performance (%)
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | 1.63 | -1.43 | 0.53 | - |
| Benchmark | 2.39 | -1.68 | 0.30 | - |
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -2.21 | -1.65 | 0.15 | - |
| Benchmark | -2.20 | -2.13 | -0.15 | - |
Portfolio
As at 31 Aug 2023. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Currency (%)
This is the currency breakdown before allowing for any hedging the fund may use. We aim to hedge the portfolio 100% back to the base currency.
Currency (%)
| GBP | 96.6 | |
| USD | 2.7 | |
| EUR | 0.7 |
This is the currency breakdown before allowing for any hedging the fund may use. We aim to hedge the portfolio 100% back to the base currency.
Years to maturity (%)
| 0 - 5 Years | 84.8 | |
| 5 - 10 Years | 10.8 | |
| 10 - 15 Years | 3.3 | |
| 15 - 20 Years | 1.1 |
Sector (%)
| Banks | 41.1 | |
| Insurance | 12.4 | |
| Real Estate | 10.4 | |
| ABS | 7.9 | |
| Utilities | 6.4 | |
| Industrials | 5.9 | |
| Consumer Goods | 5.6 | |
| Consumer Services | 5.6 | |
| Telecommunications | 1.6 | |
| Other | 3.3 |
| Top 10 issuers | 31.7 | |
| Rest of portfolio | 68.3 |
| No. of issuers | 82 |
Top 10 issuers (%)
| Credit Mutuel | 4.6 |
| Land Securities Group | 3.7 |
| Hammerson | 3.3 |
| UBS Group | 3.3 |
| Banco Santander | 3.2 |
| NatWest Group | 2.9 |
| Lloyds Banking Group | 2.7 |
| Whitbread | 2.7 |
| Royal London Mutual Insurance Society | 2.7 |
| Rothesay/United Kingdom | 2.7 |
Country (%)
| United Kingdom | 45.5 | |
| France | 9.9 | |
| United States | 9.3 | |
| Canada | 6.2 | |
| Spain | 5.3 | |
| Switzerland | 3.3 | |
| Germany | 3.2 | |
| China | 2.6 | |
| United Arab Emirates | 2.3 | |
| Other | 12.5 |
Fund Managers
Mark is a senior UK investment grade portfolio manager with responsibility for LGIM’s retail funds and head of Pan European credit at LGIM. Mark joined LGIM in 2014 from AXA Investment Managers where he was Head of Credit, UK, and was closely involved with AXA’s successful entry into buy and maintain credit.
James is a Fund Manager in the UK Credit team. He joined LGIM in June 2012 working in the Credit Strategy team and progressed to the UK Credit team in January 2013. James is IMC qualified and a CFA Charterholder.
MarkBenstead
JamesMacIntyre-Ure
Literature
Fact sheets
2023Change date
Legal documents
ESG reports
2023Change date
Reports and accounts
2023Change date
Long report - annual
15 Oct 2022Long report - annual
15 Oct 2021Long report - annual
15 Oct 2020Long report - annual
15 Oct 2019Long report - annual
12 Oct 2018Long report - annual
15 Oct 2017Short report - annual
12 Oct 2018Short report - annual
15 Oct 2017Long report - interim
15 Apr 2023Long report - interim
15 Apr 2022Long report - interim
15 Apr 2021Long report - interim
15 Apr 2020Long report - interim
15 Apr 2019Long report - interim
15 Apr 2018Long report - interim
15 Apr 2017Short report - interim
15 Apr 2019Short report - interim
15 Apr 2018Short report - interim
15 Apr 2017Income
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
I GBP Acc
Price
201.50p
Change (%)
0.15
Currency
GBP
Price time
12:00 UK time
Name
I GBP Inc
Price
89.58p
Change (%)
0.15
Currency
GBP
Price time
12:00 UK time
Name
R GBP Acc
Price
185.30p
Change (%)
0.16
Currency
GBP
Price time
12:00 UK time
Name
R GBP Inc
Price
89.52p
Change (%)
0.13
Currency
GBP
Price time
12:00 UK time
Name
F GBP Acc
Price
196.70p
Change (%)
0.15
Currency
GBP
Price time
12:00 UK time
Name
F GBP Inc
Price
89.56p
Change (%)
0.13
Currency
GBP
Price time
12:00 UK time
Name
L GBP Acc
Price
51.50p
Change (%)
0.14
Currency
GBP
Price time
12:00 UK time
Further details
Costs
Price basis
Single swing
Initial charge
0.00%
Ongoing charges figure
0.42%
Dilution adjustment
0.50%- round trip
Codes
ISIN
GB00B89QL129
SEDOL
B89QL12
Bloomberg
LGSINIA LN
MEX
LGMOEC
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:
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 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.
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
Neither Markit, its Affiliates or any third party data provider makes any warranty, express or implied, as to the accuracy, completeness or timeliness of the data contained herewith nor as to the results to be obtained by recipients of the data. Neither Markit, its Affiliates nor any data provider shall in any way be liable to any recipient of the data for any inaccuracies, errors or omissions in the Markit data, regardless of cause, or for any damages (whether direct or indirect) resulting therefrom. Markit has no obligation to update, modify or amend the data or to otherwise notify a recipient thereof in the event that any matter stated herein changes or subsequently becomes inaccurate. Without limiting the foregoing, Markit, its Affiliates, or any third party data provider shall have no liability whatsoever to you, whether in contract (including under an indemnity), in tort (including negligence), under a warranty, under statute or otherwise, in respect of any loss or damage suffered by you as a result of or in connection with any opinions, recommendations, forecasts, judgments, or any other conclusions, or any course of action determined, by you or any third party, whether or not based on the content, information or materials contained herein. Copyright © 2023, Markit Indices GmbH.
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