L&G UK Core Plus Bond Fund
SICAV (UCITS compliant)
L&G UK Core Plus Bond Fund
Z-Class GBP Accumulation
ISINLU1003757884
Price
ISINLU1003757884
Price
Fund aim
The objective of the Fund is to provide a combination of growth and income above those of the Markit iBoxx Non-Gilt All stocks Total Return Index, the "Benchmark Index". The Fund is actively managed and aims to outperform the Benchmark Index by 1.15% per annum. This objective is before the deduction of any charges and measured over rolling three year periods.
Fund snapshot
- What does it invest in? Invests predominantly in fixed income securities, including bonds and other debt instruments, issued in Sterling, Euro and US dollar by companies and governments.
- How does it invest? Actively managed, investing primarily in debt with an investment grade (lower risk) credit rating. May also invest in debt with a sub-investment grade (higher risk) credit rating or unrated bonds, as well as derivatives.
- 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 | £359.7m |
Base currency | GBP |
Fund launch date | 13 Mar 2014 |
Domicile | Luxembourg |
Share class launch | 13 Mar 2014 |
Modified duration | 5.04 years |
Gross redemption yield (unhedged) | 4.90% |
Benchmark
Markit iBoxx Non-Gilt All Stocks Total Return index
Costs
Initial charge | 0.00% |
Ongoing charges figure | 0.06% |
Dilution adjustment | 0.492% - round trip |
Performance
Portfolio breakdown
As at 29 Feb 2024
Top 10 issuers | 29.8% |
---|---|
Rest of portfolio | 70.2% |
No. of issuers | 194 |
---|
Top 10 issuers (%)
United Kingdom | 10.2 |
European Investment Bank | 4.0 |
Volkswagen | 2.4 |
BNP Paribas | 2.2 |
HSBC Holdings | 2.0 |
Credit Agricole Group | 2.0 |
Groupe BPCE | 2.0 |
Credit Mutuel | 1.8 |
Toronto-Dominion Bank | 1.7 |
Aviva | 1.6 |
Currency (%)
GBP | 91.0 |
EUR | 6.2 |
USD | 2.8 |
Top 10 issuers | 29.8% |
---|---|
Rest of portfolio | 70.2% |
No. of issuers | 194 |
---|
Top 10 issuers (%)
United Kingdom | 10.2 |
European Investment Bank | 4.0 |
Volkswagen | 2.4 |
BNP Paribas | 2.2 |
HSBC Holdings | 2.0 |
Credit Agricole Group | 2.0 |
Groupe BPCE | 2.0 |
Credit Mutuel | 1.8 |
Toronto-Dominion Bank | 1.7 |
Aviva | 1.6 |
Currency (%)
GBP | 91.0 |
EUR | 6.2 |
USD | 2.8 |
Credit rating (%)
Fund | Benchmark | Relative | ||
---|---|---|---|---|
AAA | 5.8 | 20.8 | -14.9 | |
AA | 14.8 | 13.3 | 1.5 | |
A | 21.7 | 29.0 | -7.3 | |
BBB | 39.6 | 36.8 | 2.8 | |
BB | 3.5 | 0.1 | 3.4 | |
B | 0.4 | - | 0.4 | |
NR | 0.3 | 0.1 | 0.2 | |
Cash | 13.9 | - | 13.9 |
Top sector over/underweights (%)
Fund | Benchmark | Relative | ||
---|---|---|---|---|
Cash and Equivalents | 13.9 | - | 13.9 | |
Banks | 24.6 | 20.5 | 4.1 | |
ABS | 9.3 | 8.6 | 0.7 | |
Consumer Goods | 5.4 | 4.8 | 0.7 | |
Real Estate | 4.0 | 3.4 | 0.6 | |
Consumer Services | 3.2 | 3.1 | 0.0 | |
Health Care | 1.3 | 1.4 | -0.1 | |
Insurance | 4.6 | 4.9 | -0.3 | |
Oil & Gas | 0.9 | 1.3 | -0.4 | |
Basic Materials | - | 0.4 | -0.4 | |
Technology | 0.1 | 0.7 | -0.6 | |
Telecommunications | 3.3 | 3.9 | -0.7 | |
Financial Services | 2.1 | 2.8 | -0.7 | |
Unknown | -0.1 | 0.7 | -0.8 | |
Covered | 0.5 | 1.5 | -1.1 | |
Industrials | 2.3 | 3.6 | -1.3 | |
Utilities | 9.4 | 12.9 | -3.5 | |
Sovereign | 15.3 | 25.5 | -10.1 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
Colin Reedie
Colin is co-Head of Global Fixed Income and has responsibility for the London based fixed income team as well as overall portfolio management responsibilities for our Global Credit and Absolute Return strategies. Colin joined LGIM in 2005 from Henderson Global Investors where he was Head of Investment Grade Credit Fund Management. He has over 30 years’ experience in bond markets, specialising in non-government debt, and he has previously worked for Henderson Global Investors, Scottish Widows and Scottish Amicable.
Matthew Rees
Matthew was appointed Head of Global Bond Strategies in September 2019. Prior to this he was co-head of the Euro credit portfolio management team, responsible for Euro-benchmarked and absolute return funds. He joined LGIM in March 2009 as a senior research analyst responsible for covering financial institutions and joined the Euro credit portfolio management team in February 2011. Prior to this Matthew spent three years as a Partner at Banquo Credit Management (a multibillion euro absolute return investment manager) and four years at UBS as Head of Financial Institutions Ratings Advisory. Matthew has more than 20 years’ experience in financial services and graduated from the University of York with a BA (hons) in English. He qualified as a chartered accountant with Coopers & Lybrand in 1996.
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 | LU1003757884 |
SEDOL | - |
Bloomberg | LGUKCPZ 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: