Collectives

Unit Trust (UK UCITS compliant)

Legal & General Short Dated Sterling Corporate Bond Index Fund

I-Class GBP Accumulation

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 currencyGBP
Fund launch date14 May 2014
DomicileUK
Share class launch14 May 2014
Distribution yield3.7%
Modified duration2.63 years
As at 31 Jan 2024

Benchmark

Markit iBoxx Sterling Corporates 1-5 Index

Costs

Initial charge0.00%
Ongoing charges figure0.14%
Dilution adjustment0.36% - round trip

Fund ratings

Performance

Performance for the I Acc unit class in GBP, launched on 14 May 2014. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference.
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.
Share class launch date:14 May 2014
Benchmark:Markit iBoxx Sterling Corporates 1-5 Index
Share class launch date:14 May 2014
Benchmark:Markit iBoxx Sterling Corporates 1-5 Index
    Share class launch date:14 May 2014
    Benchmark:Markit iBoxx Sterling Corporates 1-5 Index

    Portfolio breakdown

    As at 31 Jan 2024

    Top 10 holdings7.5%
    Rest of portfolio92.5%
    No. of issuers in fund178
    No. of issuers in index195

    Top 10 holdings (%)

    Barclays 3.25% 12 Feb 270.9
    BP Capital Markets 4.25% 31 Dec 990.8
    Morgan Stanley 2.625% 09 Mar 270.8
    Hsbc Holdings 3% 22 Jul 280.8
    Bank of America 7% 31 Jul 280.8
    Barclays 8.407% 14 Nov 320.7
    Nationwide 6.178% 07 Dec 270.7
    Ing Groep 3% 18 Feb 260.7
    Santander UK Grp Hol. 7.098% 16 Nov 270.7
    Goldman Sachs Group 4.25% 29 Jan 260.7

    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

    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 headshot

    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

    Prices

    Pricing information

    Price basisSingle swing
    Price time12:00 UK time
    CurrencyGBP
    Monthly price history
    Please note that a maximum of 10 years price history is available.

    Codes and dealing

    Codes

    ISINGB00BKGR3H21
    SEDOLBKGR3H2
    BloombergLGSDCIA LN
    MEXLGAAIG

    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:

    United Kingdom