Legal & General Active Sterling Corporate Bond Plus Fund
Unit Trust (UK UCITS compliant)
Legal & General Active Sterling Corporate Bond Plus Fund
I-Class GBP Accumulation
ISINGB00B0CNHQ18
Price
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 currency | GBP |
Fund launch date | 20 Oct 1997 |
Domicile | UK |
Share class launch | 26 Aug 2005 |
Annualised yield | 4.3% |
Modified duration | 6.02 years |
Benchmark
Markit iBoxx Sterling Corporate Bond Index
Costs
Initial charge | 0.00% |
Ongoing charges figure | 0.44% |
Dilution adjustment | 0.58% - round trip |
Performance
Portfolio breakdown
As at 29 Feb 2024
Top 10 issuers | 23.3% |
---|---|
Rest of portfolio | 76.7% |
No. of issuers | 118 |
---|
Top 10 issuers (%)
United Kingdom | 2.8 |
Credit Mutuel | 2.8 |
E.ON | 2.4 |
Credit Agricole Group | 2.3 |
Verizon Communications | 2.2 |
Rothesay/United Kingdom | 2.2 |
Hammerson | 2.2 |
National Grid | 2.1 |
BNP Paribas | 2.1 |
Telereal Securitisation Holdings | 2.1 |
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 |
Top 10 issuers | 23.3% |
---|---|
Rest of portfolio | 76.7% |
No. of issuers | 118 |
---|
Top 10 issuers (%)
United Kingdom | 2.8 |
Credit Mutuel | 2.8 |
E.ON | 2.4 |
Credit Agricole Group | 2.3 |
Verizon Communications | 2.2 |
Rothesay/United Kingdom | 2.2 |
Hammerson | 2.2 |
National Grid | 2.1 |
BNP Paribas | 2.1 |
Telereal Securitisation Holdings | 2.1 |
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 |
Years to maturity (%)
0 - 5 Years | 38.4 |
5 - 10 Years | 30.5 |
10 - 15 Years | 12.3 |
15 - 20 Years | 10.2 |
20 - 25 Years | 4.4 |
25 - 30 Years | 2.7 |
30+ Years | 1.5 |
Credit rating (%)
AAA | 0.4 | |
AA | 12.6 | |
A | 24.7 | |
BBB | 57.5 | |
BB | 4.1 | |
NR | 0.6 | |
Cash | 0.1 |
Currency (%)
GBP | 94.3 |
EUR | 4.6 |
USD | 1.1 |
Country (%)
United Kingdom | 49.1 |
France | 12.4 |
United States | 11.5 |
Germany | 5.1 |
Spain | 3.1 |
Canada | 2.4 |
Italy | 2.3 |
Denmark | 1.8 |
Switzerland | 1.4 |
Other | 10.9 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
Mark Benstead
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
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
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 | GB00B0CNHQ18 |
SEDOL | B0CNHQ1 |
Bloomberg | LGMMIIA |
MEX | LGMMIC |
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: