Buy and Maintain Credit Fund
Unit-Linked Life Insurance
Buy and Maintain Credit Fund
Fund codeCAAG
Fund codeCAAG
Fund aim
Fund characteristics
Fund facts
Fund size | £2,030.5m |
Base currency | GBP |
Domicile | United Kingdom |
Share class launch | 09/05/14 |
Modified duration | 5.70 years |
Gross redemption yield (unhedged) | 4.57% |
Performance
Portfolio breakdown
As at 31 Dec 2023
Top 10 issuers | 7.5% |
---|---|
Rest of portfolio | 92.5% |
No. of issuers | 357 |
---|
Top 10 issuers (%)
Notting Hill Genesis | 0.9 |
CK Hutchison Holdings | 0.9 |
United Kingdom | 0.8 |
UBS Group | 0.7 |
Royal Bank of Canada | 0.7 |
Vodafone Group | 0.7 |
Anheuser-Busch InBev | 0.7 |
London Stock Exchange Group | 0.7 |
Glas Cymru Holdings Cyfyngedig | 0.7 |
AstraZeneca | 0.7 |
Sector (%)
Financial | 10.8 |
Banking | 10.1 |
Consumer Non-Cyclical | 9.6 |
Consumer Cyclical | 8.7 |
Govt Related | 7.6 |
Industrial | 7.3 |
Utility - Electric | 7.0 |
REITS | 6.9 |
ABS | 6.3 |
Other | 25.8 |
Top 10 issuers | 7.5% |
---|---|
Rest of portfolio | 92.5% |
No. of issuers | 357 |
---|
Top 10 issuers (%)
Notting Hill Genesis | 0.9 |
CK Hutchison Holdings | 0.9 |
United Kingdom | 0.8 |
UBS Group | 0.7 |
Royal Bank of Canada | 0.7 |
Vodafone Group | 0.7 |
Anheuser-Busch InBev | 0.7 |
London Stock Exchange Group | 0.7 |
Glas Cymru Holdings Cyfyngedig | 0.7 |
AstraZeneca | 0.7 |
Sector (%)
Financial | 10.8 |
Banking | 10.1 |
Consumer Non-Cyclical | 9.6 |
Consumer Cyclical | 8.7 |
Govt Related | 7.6 |
Industrial | 7.3 |
Utility - Electric | 7.0 |
REITS | 6.9 |
ABS | 6.3 |
Other | 25.8 |
Credit rating (%)
AAA | 3.5 | |
AA | 12.8 | |
A | 43.7 | |
BBB | 36.9 | |
BB | 0.1 | |
Cash & equiv. | 2.9 |
Currency (%)
GBP | 77.1 |
USD | 22.7 |
EUR | 0.1 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
Maurice Browne
Maurice is the portfolio manager for our buy and maintain strategy in the Global Fixed Income team. Maurice joined LGIM in March 2013 from Aviva Investors where he worked for over six years as a credit portfolio manager. At Aviva he managed a range of sterling, euro and global credit portfolios including buy and maintain strategies. Maurice began his investment career in 2001 as a credit analyst and subsequently a manager of global credit portfolios at Merrill Lynch Investment Managers. Maurice graduated from the University of Cambridge and holds an MA in economics. He is also a CFA charterholder.
Literature
Document type
Prices
Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
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