Collectives

Unit Trust (UK UCITS compliant)

Legal & General Active Sterling Corporate Bond Plus Fund

I-Class GBP Accumulation

ISINGB00B0CNHQ18

Price

Fund aim

The objective of the Fund is to provide income and growth above those of the Markit iBoxx Sterling Corporate Bond Total Return Index (the “Benchmark Index”). The Fund aims to outperform the Benchmark Index over rolling three year periods after the deduction of all fees and expenses.

Fund snapshot

  • What does it invest in? Invests in bonds issued by a range of UK and overseas companies and governments.
  • How does it invest? Actively managed, with at least 80% in bonds with an investment grade (lower risk) credit rating, but may invest up to 20% in bonds with a sub-investment grade (higher risk) credit rating.

Fund facts

Fund size£197.2m
Base currencyGBP
Fund launch date20 Oct 1997
DomicileUK
Share class launch26 Aug 2005
Annualised yield4.3%
Modified duration6.02 years
As at 29 Feb 2024

Benchmark

Markit iBoxx Sterling Corporate Bond Index

Costs

Initial charge0.00%
Ongoing charges figure0.44%
Dilution adjustment0.58% - 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:Markit iBoxx Sterling Corporate Bond Index
Share class launch date:26 Aug 2005
Benchmark:Markit iBoxx Sterling Corporate Bond Index
    Share class launch date:26 Aug 2005
    Benchmark:Markit iBoxx Sterling Corporate Bond Index

    Portfolio breakdown

    As at 29 Feb 2024

    Top 10 issuers23.3%
    Rest of portfolio76.7%
    No. of issuers118

    Top 10 issuers (%)

    United Kingdom2.8
    Credit Mutuel2.8
    E.ON2.4
    Credit Agricole Group2.3
    Verizon Communications2.2
    Rothesay/United Kingdom2.2
    Hammerson2.2
    National Grid2.1
    BNP Paribas2.1
    Telereal Securitisation Holdings2.1

    Sector (%)

    Banks
    26.1
    Utilities
    22.3
    ABS
    10.6
    Insurance
    9.1
    Real Estate
    7.0
    Telecommunications
    6.4
    Industrials
    4.4
    Consumer Services
    4.0
    Consumer Goods
    3.2
    Other
    6.9

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

    Fund managers

    Mark Benstead headshot

    Mark Benstead

    Mark Benstead's award

    Mark is Head of Pan European credit and senior UK credit portfolio manager. Mark joined LGIM in 2014 from AXA Investment Managers where he was Head of Credit, UK.

    James MacIntyre-Ure headshot

    James MacIntyre-Ure

    James is a UK Credit senior portfolio manager in the Pan European Credit team, having joined LGIM in 2012. He is IMC qualified and a CFA charterholder. He holds a BSc (Hons) in Investment and Financial Risk Management from Cass Business School.

    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

    ISINGB00B0CNHQ18
    SEDOLB0CNHQ1
    BloombergLGMMIIA
    MEXLGMMIC

    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