Unit Trust (UK UCITS compliant)

Legal & General Active Short Dated Sterling Corporate Bond Fund

Fund facts

Fund size
£210.8m
Base currency
GBP
Launch date
15 Oct 2001
Domicile
UK
Share class launch

Statistics

Distribution yield
3.4%
Modified duration
2.75 years

As at 31 Dec 2022

Fund aim

The objective of the Fund is to generate income whilst preserving capital.

Benchmark

Markit iBoxx GBP Corporates 1-5 Year Index

  • 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.

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 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 (%)
Select period:
Change

    Performance summary (%)

    As at 31 Dec 2022

    CumulativeFundBenchmark
    1 month-0.100.05
    6 months-1.91-1.82
    Year to date-9.00-8.07
    3 years-5.45-5.23
    5 years-0.12-0.70
    Since launch--
    AnnualisedFundBenchmark
    1 year-9.00-8.07
    3 years-1.85-1.77
    5 years-0.02-0.14
    Since launch--

    As at 31 Dec 2022

    CumulativeFundBenchmark
    Quarterly4.835.11
    Year to date-9.00-8.07
    3 years-5.45-5.23
    5 years-0.12-0.70
    Since launch--
    AnnualisedFundBenchmark
    1 year-9.00-8.07
    3 years-1.85-1.77
    5 years-0.02-0.14
    Since launch--
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    FundBenchmark
    20132.313.86
    20149.604.88
    20150.181.48
    20168.015.43
    20175.552.59
    2018-1.78-0.25
    20197.565.04
    20203.603.80
    20210.28-0.69
    2022-9.00-8.07

    Calendar year performance (%)

    FundBenchmark
    20132.313.86
    20149.604.88
    20150.181.48
    20168.015.43
    20175.552.59
    2018-1.78-0.25
    20197.565.04
    20203.603.80
    20210.28-0.69
    2022-9.00-8.07

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-9.00-1.85-0.02-
    Benchmark-8.07-1.77-0.14-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-9.00-1.85-0.02-
    Benchmark-8.07-1.77-0.14-

    Portfolio

    As at 31 Dec 2022. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Currency (%)

    GBP93.8
    EUR3.3
    USD2.9

    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 Years86.3
    5 - 10 Years10.8
    10 - 15 Years2.8
    20 - 25 Years0.1

    Credit rating (%)

    AAA1.7
    AA13.4
    A22.1
    BBB52.9
    BB7.2
    B0.6
    NR1.0
    Cash1.2

    Sector (%)

    Banks37.1
    Insurance12.0
    Real Estate11.5
    ABS9.1
    Utilities8.0
    Consumer Goods6.3
    Consumer Services5.7
    Industrials3.2
    Telecommunications3.1
    Other4.1
    Top 10 issuers27.9
    Rest of portfolio72.2
    No. of issuers79

    Top 10 issuers (%)

    Land Securities Group PLC3.4
    Banco Santander SA3.1
    Hammerson PLC2.9
    Goldman Sachs Group Inc/The2.9
    Credit Suisse Group AG2.9
    CK Hutchison Holdings Ltd2.8
    NatWest Group PLC2.5
    Rothesay Ltd/United Kingdom2.5
    Lloyds Banking Group PLC2.5
    Royal London Mutual Insurance Society Ltd/The2.4

    Country (%)

    United Kingdom45.8
    United States12.2
    France8.4
    Canada6.8
    Spain4.8
    Switzerland3.5
    Germany3.5
    China2.4
    United Arab Emirates2.1
    Other10.6

    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

    ESG reports

    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
    200.10p
    Change (%)
    0.05
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Price
    91.20p
    Change (%)
    0.05
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Acc
    Price
    184.70p
    Change (%)
    0.05
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Inc
    Price
    91.14p
    Change (%)
    0.05
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Acc
    Price
    195.70p
    Change (%)
    0.05
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Inc
    Price
    91.16p
    Change (%)
    0.05
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    L GBP Acc
    Price
    51.02p
    Change (%)
    0.06
    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 frequencyDaily, 12pm (UK time)
    Dealing frequencyDaily
    Settlement periodT+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

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