L&G Buy & Maintain Credit Fund
SICAV (UCITS compliant)
L&G Buy & Maintain Credit Fund
Z-Class GBP Accumulation
ISINLU1054984114
Price
ISINLU1054984114
Price
Fund aim
The Fund aims to provide investors with a combination of growth and income. The Fund aims to deliver this objective while decarbonising the portfolio over time, targeting a 50% reduction in weighted average carbon intensity by 2030, compared to a December 2019 baseline level.
Fund snapshot
- What does it invest in? Invests predominantly in fixed income securities including corporate bonds and other debt instruments, issued Sterling, Euro and US dollar in the UK and overseas. Seeks to hedge non-sterling interest rate exposure back to the Sterling curve as well as hedging non-Sterling FX exposure back to Sterling.
- How does it invest? Actively managed, investing primarily in debt with an investment grade (lower risk) credit rating. May also invest in other types of securities and derivatives. Seeks to preserve value over credit cycle by avoiding securities experiencing significant deterioration in credit quality and defaults.
- Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics. Further information on how such characteristics are met by the Fund can be found in the Supplement.
Fund facts
Fund size | £2,120.9m |
Base currency | GBP |
Fund launch date | 8 May 2014 |
Domicile | Luxembourg |
Share class launch | 8 May 2014 |
Modified duration | 5.09 years |
Gross redemption yield (unhedged) | 5.02% |
Costs
Initial charge | 0.00% |
Ongoing charges figure | 0.04% |
Dilution adjustment | 0.55% - round trip |
Performance
Portfolio breakdown
As at 29 Feb 2024
Top 10 issuers | 7.2% |
---|---|
Rest of portfolio | 92.8% |
No. of issuers | 361 |
---|
Top 10 issuers (%)
United Kingdom | 0.9 |
Notting Hill Genesis | 0.9 |
CK Hutchison Holdings | 0.8 |
UBS Group | 0.7 |
Anheuser-Busch InBev | 0.7 |
Vodafone Group | 0.7 |
Royal Bank of Canada | 0.7 |
London Stock Exchange Group | 0.7 |
Glas Cymru Holdings Cyfyngedig | 0.6 |
AstraZeneca | 0.6 |
Sector (%)
Financial Other | 10.6 |
Banking | 10.1 |
Consumer Non Cyclical | 9.2 |
Consumer Cyclical | 9.0 |
Industrial Other | 7.4 |
REITS | 7.2 |
Utility - Electric | 7.2 |
Govt Related | 6.9 |
ABS | 6.2 |
Other | 26.2 |
Top 10 issuers | 7.2% |
---|---|
Rest of portfolio | 92.8% |
No. of issuers | 361 |
---|
Top 10 issuers (%)
United Kingdom | 0.9 |
Notting Hill Genesis | 0.9 |
CK Hutchison Holdings | 0.8 |
UBS Group | 0.7 |
Anheuser-Busch InBev | 0.7 |
Vodafone Group | 0.7 |
Royal Bank of Canada | 0.7 |
London Stock Exchange Group | 0.7 |
Glas Cymru Holdings Cyfyngedig | 0.6 |
AstraZeneca | 0.6 |
Sector (%)
Financial Other | 10.6 |
Banking | 10.1 |
Consumer Non Cyclical | 9.2 |
Consumer Cyclical | 9.0 |
Industrial Other | 7.4 |
REITS | 7.2 |
Utility - Electric | 7.2 |
Govt Related | 6.9 |
ABS | 6.2 |
Other | 26.2 |
Credit rating (%)
AAA | 3.4 | |
AA | 13.1 | |
A | 42 | |
BBB | 37.9 | |
BB | 0.1 | |
Cash & Equiv. | 3.5 |
Currency (%)
GBP | 75.9 |
USD | 23.0 |
EUR | 1.1 |
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.
Sustainability
SFDR categorisation
Article 8No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by the Fund.
Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by the Fund.
Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
The Fund seeks to implement LGIM’s Responsible Investment Framework which aims to provide a consistent and systematic approach to exclusions, refined criteria and thresholds for setting environmental and social characteristics with a defined terminology and approach to support the implementation of such characteristics across the financial products managed by LGIM.
The Responsible Investment Framework sets out the various types of investment strategies that LGIM’s financial products can follow and the responsible investing methodologies that explain how such investment strategies are defined and implemented.
The Fund follows the following sustainability-related investment strategy:
Literature
Document type
Prices
Pricing information
Price basis | Single swing |
Price time | 23:00 CET |
Currency | GBP |
Download full price history
Codes and dealing
Codes
ISIN | LU1054984114 |
SEDOL | - |
Bloomberg | LGBMCZA LX |
MEX | - |
Dealing information
Valuation frequency | Daily, 23:00 CET |
Dealing frequency | Each Business Day |
Settlement period | T+3 |
Administrator/Custodian | Northern Trust |
Country registration
This share class is registered for sale in the following countries: