PMCs

Unit-Linked Life Insurance

USD Corporate Bond AAA-AA-A Fund (Passive)

Fund aim

The investment objective of the fund is to provide diversified exposure to the USD corporate bond market and produce a return in line with the performance of the Bloomberg Global Aggregate USD Corp Over 5 Year ex BBB Index.

Fund characteristics

The fund provides exposure to corporate bonds whilst helping to reduce the associated trading costs. The constituent universe for the fund does not include government related securities such as agency, local authority and sovereign supranational issues. Government bonds may be used for liquidity and efficient portfolio management purposes.

Fund facts

Fund size£1,817.6m
Base currencyGBP
DomicileUnited Kingdom
Share class launch17/12/08
Modified duration10.34 years
Gross redemption yield (unhedged)4.95%
As at 31 Dec 2023

Benchmark

Bloomberg Global Aggregate USD Corp Over 5 Year ex BBB Index

Performance

Source: LGIM. Performance is reported in GBP based on weekly mid-market prices before the deduction of fees.
Past performance is not a guide to future performance and the value of investments can go down as well as up.
Share class launch date:17 Dec 2008
Benchmark:Bloomberg Global Aggregate USD Corp Over 5 Year ex BBB Index
Share class launch date:17 Dec 2008
Benchmark:Bloomberg Global Aggregate USD Corp Over 5 Year ex BBB Index
    Share class launch date:17 Dec 2008
    Benchmark:Bloomberg Global Aggregate USD Corp Over 5 Year ex BBB Index

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 holdings2.7%
    Rest of portfolio97.4%
    No. of issuers in fund374
    No. of issuers in index433

    Top 10 holdings (%)

    Anheuser-Busch 4.9% 01 Feb 460.4
    Abbvie 4.25% 21 Nov 490.4
    A-B Cos LLC / InBev 4.7% 01 Feb 360.3
    AbbVie 4.45% 14 May 460.2
    Microsoft 2.525% 01 Jun 500.2
    Bank of America 5.015% 22 Jul 330.2
    Bank of America 5.288% 25 Apr 340.2
    Wells Fargo & Co 5.013% 04 Apr 510.2
    Abbvie 3.2% 21 Nov 290.2
    Pfizer Inv Ent. Pte 5.3% 19 May 530.2

    Country (%)

    United States
    83.0
    United Kingdom
    3.0
    Japan
    2.1
    Belgium
    1.8
    Switzerland
    1.4
    Canada
    1.4
    Australia
    1.2
    Netherlands
    1.1
    China
    1.0
    Other
    4.0

    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

    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close, daily close, or daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.

    Download full price history

    Monthly price history

    Download full price history

    Please note that a maximum of 10 years price history is available.