Given current market events we have now populated Fund Centre with Fund exposures to assets with “country of risk*” as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. Please see the exposures below for further information.
*Sourced from Bloomberg
Fund facts
Fund size
£2,829.8m
Base currency
GBP
Launch date
14 May 2014
Domicile
UK
Share class launch
Statistics
Distribution yield
2.1%
Modified duration
2.87 years
As at 30 Jun 2022
Fund aim
The objective of the Fund is to provide a combination of growth and income by tracking the performance of the Markit iBoxx GBP Corporates 1-5 Index (the “Index”). This objective is after the deduction of charges and taxation.
Benchmark
Markit iBoxx Sterling Corporates 1-5 Index
Fund snapshot
- What does it invest in? Invests in short-dated company bonds with less than 5 years to maturity, which tend to be less sensitive to changes in interest rates than longer-dated bonds.
- How does it invest? Passively managed, aiming to replicate the performance of the Index.
Russia exposure
23 Feb 2022
0.41%
30 Jun 2022
0.00%
As at 30 Jun 2022
These numbers give indicative Fund exposures to assets with “country of risk” sourced from Bloomberg as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. The figures are based on early price estimated data so may differ from the fully verified month end NAV exposure. Where the holding is “indirect” (for example held in a sub-fund), best efforts have been made to ensure that exposure to the sub-fund(s) is on a consistent basis. As at dates have been chosen to reflect exposure both before and after the significant recent falls in values of impacted assets.
Exposures are presented to two decimal places, exposures may be rounded to 0 if less than 0.05%.
These exposures do not give an indication of the relative exposures versus the benchmark. With regard to index-based strategies, LGIM has a duty to track the relevant index to ensure clients receive exposure as set out in the relevant investment objective. Following the imposition of sanctions and assets being removed from indices the market was effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.
Performance
Source: Lipper
LIBOR is changing: read more on how future reforms of interbank offered rates may affect your investments with us.
Performance (%)
Performance summary (%)
As at 30 Jun 2022
| Cumulative | Fund | Benchmark |
| 1 month | -2.29 | -1.96 |
| 6 months | -6.03 | -6.36 |
| Year to date | -6.03 | -6.36 |
| 3 years | -1.76 | -1.86 |
| 5 years | 2.17 | 2.25 |
| Since launch | 11.92 | - |
| Annualised | Fund | Benchmark |
| 1 year | -7.10 | -7.20 |
| 3 years | -0.59 | -0.62 |
| 5 years | 0.43 | 0.45 |
| Since launch | 1.39 | - |
As at 30 Jun 2022
| Cumulative | Fund | Benchmark |
| Quarterly | -3.27 | -3.03 |
| Year to date | -6.03 | -6.36 |
| 3 years | -1.76 | -1.86 |
| 5 years | 2.17 | 2.25 |
| Since launch | 11.92 | - |
| Annualised | Fund | Benchmark |
| 1 year | -7.10 | -7.20 |
| 3 years | -0.59 | -0.62 |
| 5 years | 0.43 | 0.45 |
| Since launch | 1.39 | - |
Rolling 12-month performance to last quarter end (%)
| 12 months to 30 June | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Fund | 0.75 | 3.23 | 2.44 | 3.24 | -7.10 |
| Benchmark | 0.76 | 3.40 | 2.39 | 3.28 | -7.20 |
Calendar year performance (%)
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Fund | 2.39 | -0.27 | 4.91 | 3.85 | -0.95 |
| Benchmark | 2.59 | -0.25 | 5.04 | 3.80 | -0.69 |
Monthly performance (%)
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -7.10 | -0.59 | 0.43 | 1.39 |
| Benchmark | -7.20 | -0.62 | 0.45 | - |
Annualised performance (%)
| 1 year | 3 years | 5 years | Since launch | |
|---|---|---|---|---|
| Fund | -7.10 | -0.59 | 0.43 | 1.39 |
| Benchmark | -7.20 | -0.62 | 0.45 | - |
Performance for the C Acc unit class in GBP, launched on 14 May 2014. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.
Past performance is not a guide to the future.
Performance for the C Inc unit class in GBP, launched on 14 May 2014. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.
Past performance is not a guide to the future.
Performance for the I Acc unit class in GBP, launched on 14 May 2014. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.
Past performance is not a guide to the future.
Performance for the I Inc unit class in GBP, launched on 14 May 2014. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.
Past performance is not a guide to the future.
Performance for the L Inc unit class in GBP, launched on 14 May 2014. 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. Please note, the benchmark is priced at the close whereas the fund is priced earlier. This can lead to artificially high tracking difference. Please see the fact sheet for gross tracking difference with both fund and index on a closed-price basis.
Past performance is not a guide to the future.
Portfolio
As at 30 Jun 2022. All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index.
Currency (%)
| GBP | 100.0 |
Years to maturity (%)
| 0 - 5 Years | 98.7 | |
| 5 - 10 Years | 1.3 |
Credit rating (%)
| AAA | 1.2 | |
| AA | 8.0 | |
| A | 36.5 | |
| BBB | 54.4 |
Sector (%)
| Core Financials | 53.7 | |
| Consumer Goods | 12.0 | |
| Utilities | 9.8 | |
| Industrials | 6.0 | |
| Consumer Services | 4.8 | |
| Real Estate | 3.8 | |
| Telecommunications | 3.2 | |
| Financial Services | 2.3 | |
| Oil & Gas | 1.7 | |
| Other | 2.6 |
| Top 10 holdings | 7.8 | |
| Rest of portfolio | 92.3 |
| No. of issuers in fund | 183 |
| No. of issuers in index | 174 |
Top 10 holdings (%)
| Jpmorgan Chase & Co 0.991% 28 Apr 26 | 0.9 |
| Bnp Paribas 3.375% 23 Jan 26 | 0.9 |
| Barclays 3.25% 12 Feb 27 | 0.8 |
| Ing Groep 3% 18 Feb 26 | 0.8 |
| Toronto-Dominion Bank 2.875% 05 Apr 27 | 0.7 |
| Hsbc Holdings 2.256% 13 Nov 26 | 0.7 |
| Lloyds Bank 7.625% 22 Apr 25 | 0.7 |
| Wells Fargo & Co 2% 28 Jul 25 | 0.7 |
| Bnp Paribas 2% 24 May 31 | 0.7 |
| Natwest Group 2.105% 28 Nov 31 | 0.7 |
Country (%)
| United Kingdom | 45.0 | |
| United States | 15.3 | |
| Germany | 9.7 | |
| France | 7.6 | |
| Spain | 4.1 | |
| Canada | 3.7 | |
| Australia | 2.8 | |
| Switzerland | 2.1 | |
| Netherlands | 2.0 | |
| Other | 7.8 |
Management Team
The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.
LGIMIndex Fund Management Team
Literature
Fact sheets
2022Change date
Reports and accounts
2022Change date
Long report - annual
15 Jun 2022Long report - annual
15 Feb 2021Long report - annual
15 Feb 2020Long report - annual
15 Feb 2019Long report - annual
15 Feb 2018Long report - annual
15 Feb 2017Short report - annual
15 Feb 2019Short report - annual
15 Feb 2018Short report - annual
15 Feb 2017Long report - interim
15 Aug 2021Long report - interim
15 Aug 2020Long report - interim
15 Aug 2019Long report - interim
15 Aug 2018Long report - interim
15 Aug 2017Short report - interim
15 Aug 2018Short report - interim
15 Aug 2017Income
Latest dividends
The latest dividends are shown below. The historic level of income generated by this fund may go down as well up and will vary over time.
of
Total dividends paid in each financial year of the fund.
Prices
Name
I GBP Acc
Price
56.52p
Change (%)
-0.09
Currency
GBP
Price time
12:00 UK time
Name
I GBP Inc
Price
48.07p
Change (%)
-0.08
Currency
GBP
Price time
12:00 UK time
Name
C GBP Acc
Price
56.75p
Change (%)
-0.09
Currency
GBP
Price time
12:00 UK time
Name
C GBP Inc
Price
48.27p
Change (%)
-0.08
Currency
GBP
Price time
12:00 UK time
Name
L GBP Inc
Price
48.44p
Change (%)
-0.1
Currency
GBP
Price time
12:00 UK time
A single swing price is displayed from 1st December 2020. Prior to this date, Bid and Offer prices are displayed for those funds that were previously dual priced.
Further details
Costs
Price basis
Single swing
Initial charge
0.00%
Ongoing charges figure
0.14%
Dilution adjustment
0.30%- round trip
Codes
ISIN
GB00BKGR3H21
SEDOL
BKGR3H2
Bloomberg
LGSDCIA LN
MEX
LGAAIG
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:
For valuations and account queries contact:
Legal & General (Unit Trust Managers) Limited
PO Box 6080
Wolverhampton
WV1 9RB
Tel : 0370 050 0955
Email: [email protected]
Legal & General ICAV
LGIM Liquidity Funds Plc
Northern Trust International Fund Administration Services (Ireland) Limited
City East Plaza - Block A
Towlerton
Ballysimon Road
Limerick
Ireland
V94 X2N9
Fax: +353 1 434 5293
Telephone: +353 1 434 5080
Email: [email protected]
Legal & General SICAV
Northern Trust Global Services SE
10 Rue du Château d'Eau
L-3364 Leudelange
Grand-Duché de Luxembourg
Facsimile: +352 28 294 454
Telephone: +352 28 294 123
Email: [email protected]
Key risks
The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.
Past performance is no guarantee of future results.
This fund holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell bonds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.
The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.
The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.
Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains.
We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.
Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.
Important information
This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.
No investment decisions should be made without first reviewing the key investor information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.
Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.
This information is only directed at investors resident in jurisdictions where each fund is registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.
All information detailed on this website is current at the time of publication and may be changed in the future.
Source and third party data
Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.
Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data
Issuer
Issued by Legal & General Investment Management Limited as promoter and distributor for this fund in the UK.
Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.
Index disclaimer
Neither Markit, its Affiliates or any third party data provider makes any warranty, express or implied, as to the accuracy, completeness or timeliness of the data contained herewith nor as to the results to be obtained by recipients of the data. Neither Markit, its Affiliates nor any data provider shall in any way be liable to any recipient of the data for any inaccuracies, errors or omissions in the Markit data, regardless of cause, or for any damages (whether direct or indirect) resulting therefrom. Markit has no obligation to update, modify or amend the data or to otherwise notify a recipient thereof in the event that any matter stated herein changes or subsequently becomes inaccurate. Without limiting the foregoing, Markit, its Affiliates, or any third party data provider shall have no liability whatsoever to you, whether in contract (including under an indemnity), in tort (including negligence), under a warranty, under statute or otherwise, in respect of any loss or damage suffered by you as a result of or in connection with any opinions, recommendations, forecasts, judgments, or any other conclusions, or any course of action determined, by you or any third party, whether or not based on the content, information or materials contained herein. Copyright © 2022, Markit Indices GmbH.
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