Collectives

Unit Trust (UK UCITS compliant)

Legal & General Active Global High Yield Bond Fund

I-Class GBP Accumulation

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 currencyGBP
Fund launch date1 Nov 2000
DomicileUK
Share class launch26 Aug 2005
Annualised yield7.4%
Modified duration3.66 years
As at 29 Feb 2024

Benchmark

ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Total Return Index (Hedged to GBP)

Costs

Initial charge0.00%
Ongoing charges figure0.41%
Dilution adjustment1.01% - round trip

Performance

Performance for the I Acc unit class in GBP, launched on 26 August 2005. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
Share class launch date:26 Aug 2005
Benchmark:ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Total Return Index (Hedged to GBP)
Share class launch date:26 Aug 2005
Benchmark:ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Total Return Index (Hedged to GBP)
    Share class launch date:26 Aug 2005
    Benchmark:ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Total Return Index (Hedged to GBP)

    Portfolio breakdown

    As at 29 Feb 2024

    Top 10 issuers11.0%
    Rest of portfolio89.0%
    No. of issuers454

    Top 10 issuers (%)

    Petroleos Mexicanos2.1
    ARD Holdings1.2
    INEOS1.2
    Venture Global LNG1.1
    Carnival0.9
    Tenet Healthcare0.9
    Community Health Systems0.9
    FJ International Invest0.9
    Charter Communications0.8
    G Holdings0.8

    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

    All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Fund managers

    Martin Reeves headshot

    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

    Prices

    Pricing information

    Price basisSingle swing
    Price time12:00 UK time
    CurrencyGBP
    Monthly price history
    Please note that a maximum of 10 years price history is available.

    Codes and dealing

    Codes

    ISINGB00B0CNHJ41
    SEDOLB0CNHJ4
    BloombergNATHIIA
    MEXLGITA

    Dealing information

    Valuation frequencyDaily, 12pm (UK time)
    Dealing frequencyDaily
    Settlement periodT+4

    Country registration

    This share class is registered for sale in the following countries:

    United Kingdom