Legal & General Active Global High Yield Bond Fund
Unit Trust (UK UCITS compliant)
Legal & General Active Global High Yield Bond Fund
I-Class GBP Accumulation
ISINGB00B0CNHJ41
Price
ISINGB00B0CNHJ41
Price
Fund aim
The objective of the Fund is to provide income and growth above those of the ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Total Return Index (Hedged to GBP), the “Benchmark Index”. The Fund aims to outperform the Benchmark over rolling three year periods after the deduction of all fees and expenses.
Fund snapshot
- What does it invest in? Invests in sub-investment grade (or high yield) bonds issued by companies around the world.
- How does it invest? Actively managed, with the ability to invest at least 70% in bonds with a sub-investment grade (higher risk) credit rating. May also invest in bonds with an investment grade (lower risk) credit rating, and securities with bond-like features.
Fund facts
Fund size | £860.8m |
Base currency | GBP |
Fund launch date | 1 Nov 2000 |
Domicile | UK |
Share class launch | 26 Aug 2005 |
Annualised yield | 7.4% |
Modified duration | 3.66 years |
Benchmark
ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Total Return Index (Hedged to GBP)
Costs
Initial charge | 0.00% |
Ongoing charges figure | 0.41% |
Dilution adjustment | 1.01% - round trip |
Performance
Portfolio breakdown
As at 29 Feb 2024
Top 10 issuers | 11.0% |
---|---|
Rest of portfolio | 89.0% |
No. of issuers | 454 |
---|
Top 10 issuers (%)
Petroleos Mexicanos | 2.1 |
ARD Holdings | 1.2 |
INEOS | 1.2 |
Venture Global LNG | 1.1 |
Carnival | 0.9 |
Tenet Healthcare | 0.9 |
Community Health Systems | 0.9 |
FJ International Invest | 0.9 |
Charter Communications | 0.8 |
G Holdings | 0.8 |
Sector (%)
Energy / E&P | 18.3 |
Homebuilders / materials | 7.9 |
Healthcare | 6.1 |
Telecommunications | 5.1 |
Media | 4.7 |
Chemicals | 4.2 |
Manufacturing | 3.4 |
Technology | 3.1 |
Consumer Products | 2.8 |
Other | 44.5 |
Top 10 issuers | 11.0% |
---|---|
Rest of portfolio | 89.0% |
No. of issuers | 454 |
---|
Top 10 issuers (%)
Petroleos Mexicanos | 2.1 |
ARD Holdings | 1.2 |
INEOS | 1.2 |
Venture Global LNG | 1.1 |
Carnival | 0.9 |
Tenet Healthcare | 0.9 |
Community Health Systems | 0.9 |
FJ International Invest | 0.9 |
Charter Communications | 0.8 |
G Holdings | 0.8 |
Sector (%)
Energy / E&P | 18.3 |
Homebuilders / materials | 7.9 |
Healthcare | 6.1 |
Telecommunications | 5.1 |
Media | 4.7 |
Chemicals | 4.2 |
Manufacturing | 3.4 |
Technology | 3.1 |
Consumer Products | 2.8 |
Other | 44.5 |
Years to maturity (%)
0 - 5 Years | 89.8 |
5 - 10 Years | 6.2 |
10 - 15 Years | 0.3 |
15 - 20 Years | 0.5 |
20 - 25 Years | 1.3 |
25 - 30 Years | 0.8 |
30+ Years | 0.9 |
Other | 0.3 |
Credit rating (%)
BBB | 1.6 | |
BB | 44.1 | |
B | 44.2 | |
CCC | 5.1 | |
NR | 0.9 | |
Cash | 1.7 | |
Split rated | 2.3 |
Currency (%)
USD | 78.1 |
EUR | 16.9 |
GBP | 5.0 |
Other | 0.0 |
Region (%)
North America | 62.8 |
Western Europe | 18.3 |
Latin America | 8.4 |
Asia / Pacific - EM | 4.3 |
MEA | 2.5 |
Cash | 1.7 |
Russia / CIS | 1.1 |
Eastern Europe | 1.0 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
Martin Reeves
Martin Reeves is Head of Global High Yield. Prior to joining LGIM in 2011, Martin ran Credit Research at AllianceBernstein where he had worked since 1998. Prior to Alliance Bernstein Martin was Head of US High Yield Research at UBK Asset Management and a Chartered Accountant with Ernst & Young. Martin holds an MA in Economics from Cambridge University, St Catharine's College.
Literature
Document type
Prices
Pricing information
Price basis | Single swing |
Price time | 12:00 UK time |
Currency | GBP |
Download full price history
Codes and dealing
Codes
ISIN | GB00B0CNHJ41 |
SEDOL | B0CNHJ4 |
Bloomberg | NATHIIA |
MEX | LGITA |
Dealing information
Valuation frequency | Daily, 12pm (UK time) |
Dealing frequency | Daily |
Settlement period | T+4 |
Country registration
This share class is registered for sale in the following countries: