Legal & General Short Dated Sterling Corporate Bond Index Fund
Unit Trust (UK UCITS compliant)
Legal & General Short Dated Sterling Corporate Bond Index Fund
I-Class GBP Accumulation
ISINGB00BKGR3H21
Price
ISINGB00BKGR3H21
Price
Fund aim
The objective of the Fund is to track the performance of the Markit iBoxx GBP Corporates 1-5 Index, 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 short-dated company bonds with less than 5 years to maturity, which tend to be less sensitive to changes in interest rates than longer-dated bonds.
- How does it invest? Passively managed, aiming to replicate the performance of the Index.
Fund facts
Fund size | £2,530.2m |
Base currency | GBP |
Fund launch date | 14 May 2014 |
Domicile | UK |
Share class launch | 14 May 2014 |
Distribution yield | 3.7% |
Modified duration | 2.63 years |
Benchmark
Markit iBoxx Sterling Corporates 1-5 Index
Costs
Initial charge | 0.00% |
Ongoing charges figure | 0.14% |
Dilution adjustment | 0.36% - round trip |
Fund ratings
Performance
Portfolio breakdown
As at 31 Jan 2024
Top 10 holdings | 7.5% |
---|---|
Rest of portfolio | 92.5% |
No. of issuers in fund | 178 |
---|---|
No. of issuers in index | 195 |
Top 10 holdings (%)
Barclays 3.25% 12 Feb 27 | 0.9 |
BP Capital Markets 4.25% 31 Dec 99 | 0.8 |
Morgan Stanley 2.625% 09 Mar 27 | 0.8 |
Hsbc Holdings 3% 22 Jul 28 | 0.8 |
Bank of America 7% 31 Jul 28 | 0.8 |
Barclays 8.407% 14 Nov 32 | 0.7 |
Nationwide 6.178% 07 Dec 27 | 0.7 |
Ing Groep 3% 18 Feb 26 | 0.7 |
Santander UK Grp Hol. 7.098% 16 Nov 27 | 0.7 |
Goldman Sachs Group 4.25% 29 Jan 26 | 0.7 |
Sector (%)
Core Financials | 58.4 |
Consumer Goods | 10.5 |
Utilities | 9.2 |
Industrials | 5.0 |
Consumer Services | 4.5 |
Real Estate | 3.9 |
Telecommunications | 3.4 |
Financial Services | 2.2 |
Energy | 1.7 |
Other | 1.3 |
Top 10 holdings | 7.5% |
---|---|
Rest of portfolio | 92.5% |
No. of issuers in fund | 178 |
---|---|
No. of issuers in index | 195 |
Top 10 holdings (%)
Barclays 3.25% 12 Feb 27 | 0.9 |
BP Capital Markets 4.25% 31 Dec 99 | 0.8 |
Morgan Stanley 2.625% 09 Mar 27 | 0.8 |
Hsbc Holdings 3% 22 Jul 28 | 0.8 |
Bank of America 7% 31 Jul 28 | 0.8 |
Barclays 8.407% 14 Nov 32 | 0.7 |
Nationwide 6.178% 07 Dec 27 | 0.7 |
Ing Groep 3% 18 Feb 26 | 0.7 |
Santander UK Grp Hol. 7.098% 16 Nov 27 | 0.7 |
Goldman Sachs Group 4.25% 29 Jan 26 | 0.7 |
Sector (%)
Core Financials | 58.4 |
Consumer Goods | 10.5 |
Utilities | 9.2 |
Industrials | 5.0 |
Consumer Services | 4.5 |
Real Estate | 3.9 |
Telecommunications | 3.4 |
Financial Services | 2.2 |
Energy | 1.7 |
Other | 1.3 |
Years to maturity (%)
0 - 5 Years | 100.0 |
5 - 10 Years | 0.1 |
Credit rating (%)
AAA | 1 | |
AA | 8.6 | |
A | 44.6 | |
BBB | 45.6 | |
BB | 0.3 |
Currency (%)
GBP | 100.0 |
Country (%)
United Kingdom | 41.8 |
United States | 16.5 |
France | 11.2 |
Germany | 5.1 |
Canada | 3.9 |
Netherlands | 3.4 |
Spain | 3.4 |
Australia | 2.8 |
Switzerland | 2.2 |
Other | 9.8 |
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 | GB00BKGR3H21 |
SEDOL | BKGR3H2 |
Bloomberg | LGSDCIA LN |
MEX | LGAAIG |
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: