Unit Trust (UCITS compliant)

Legal & General Sterling Corporate Bond Index Fund

Important Due to exceptional market conditions, spreads are currently volatile and may be subject to frequent change.

Fund facts

Fund size
£1,197.1m
Base currency
GBP
Launch date
28 Aug 2012
Domicile
UK
Share class launch

Statistics

Distribution yield
1.7%
Modified duration
8.24 years

As at 31 Jul 2020

Fund aim

The objective of the Fund is to provide a combination of growth and income by tracking the performance of the Markit iBoxx Sterling Non-Gilts ex BBB (the “Index). This objective is after the deduction of charges and taxation.

Benchmark

Markit iBoxx Sterling Non-Gilts ex BBB Index

  • What does it invest in? Invests in sterling denominated bonds issued by companies rated AAA, AA or A by credit ratings agencies.
  • How does it invest? Passively managed, aiming to replicate the performance of the Index.

Fund updates

Performance

Source: Lipper

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Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Jul 2020

    CumulativeFundBenchmark
    1 month1.171.17
    6 months2.752.71
    Year to date5.555.46
    3 years13.8213.81
    5 years28.8228.40
    Since launch43.30-
    AnnualisedFundBenchmark
    1 year6.305.97
    3 years4.414.40
    5 years5.195.12
    Since launch4.64-

    As at 30 Jun 2020

    CumulativeFundBenchmark
    Quarterly6.116.18
    Year to date4.334.25
    3 years13.2913.15
    5 years28.3428.68
    Since launch41.64-
    AnnualisedFundBenchmark
    1 year6.656.70
    3 years4.244.20
    5 years5.115.17
    Since launch4.54-
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    12 months to 30 June 2016 2017 2018 2019 2020
    Fund8.434.480.695.486.67
    Benchmark9.433.920.575.426.72

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund0.209.883.62-1.168.00
    Benchmark0.4810.283.50-0.997.88

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund6.304.415.194.64
    Benchmark5.974.405.12-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund6.654.245.114.54
    Benchmark6.704.205.17-

    Performance for the C Acc unit class in GBP, launched on 09 December 2013. 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 09 December 2013. 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 F Acc unit class in GBP, launched on 20 December 2012. 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 F Inc unit class in GBP, launched on 20 December 2012. 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 28 August 2012. 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 28 August 2012. 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 Acc unit class in GBP, launched on 25 April 2019. 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 28 August 2012. 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 R Acc unit class in GBP, launched on 12 June 2018. 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 R Inc unit class in GBP, launched on 12 June 2018. 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 31 Jul 2020. 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 (%)

    GBP100.0

    Years to maturity (%)

    0 to 537.4
    5 to 1025.5
    10 to 1510.2
    15 to 2010.0
    20 to 257.0
    25 to 303.0
    30 to 405.3
    Over 401.7

    Credit rating (%)

    AAA33.7
    AA20.5
    A45.6
    BBB0.2
    Other0.0

    Sector (%)

    Core Financials17.6
    Supranationals15.5
    Agencies11.8
    Housing Associations7.6
    Utilities7.1
    Non-financials4.9
    Covered4.8
    Consumer Services4.2
    Consumer Goods3.3
    Other23.3
    Top 10 holdings7.0
    Rest of portfolio93.0
    No. of issuers in fund249
    No. of issuers in index246

    Top 10 holdings (%)

    KFW 6% 20281.2
    European Investment Bank 5.625% 20320.9
    European Investment Bank 6% 20280.8
    European Investment Bank 2.5% 20220.7
    European Investment Bank 5% 20390.6
    Electricité de France 6% 21140.6
    LCR Finance 5.1% 20510.6
    Electricité de France 5.5% 20410.6
    KFW 5.75% 20320.6
    Engie 5% 20600.6

    Country (%)

    United Kingdom37.1
    Supranational15.5
    Germany12.3
    United States11.2
    France9.3
    Netherlands3.5
    Canada2.7
    Australia1.7
    Norway1.2
    Other5.5

    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

    Income

    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

    Dividend history

    Total dividends paid in each financial year of the fund.

    Prices

    Name
    I GBP Acc
    Bid price
    71.19p
    Offer price
    71.75p
    Absolute change
    -0.0014
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Bid price
    59.65p
    Offer price
    60.12p
    Absolute change
    -0.0011
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Acc
    Bid price
    56.60p
    Offer price
    57.04p
    Absolute change
    -0.0011
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Inc
    Bid price
    54.16p
    Offer price
    54.59p
    Absolute change
    -0.001
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    F GBP Acc
    Bid price
    70.69p
    Offer price
    71.24p
    Absolute change
    -0.0013
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    n/a
    Bid price
    n/a
    Offer price
    n/a
    Absolute change
    n/a
    Currency
    n/a
    Price time
    n/a
    Name
    C GBP Acc
    Bid price
    71.42p
    Offer price
    71.98p
    Absolute change
    -0.0014
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    C GBP Inc
    Bid price
    59.86p
    Offer price
    60.33p
    Absolute change
    -0.0011
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    L GBP Acc
    Bid price
    54.91p
    Offer price
    55.33p
    Absolute change
    -0.001
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    L GBP Inc
    Bid price
    60.26p
    Offer price
    60.73p
    Absolute change
    -0.0011
    Currency
    GBP
    Price time
    12:00 UK time

    Further details

    Costs

    Price basis
    Dual
    Initial charge
    0.00%
    Ongoing charges figure
    0.14%
    Bid / Offer spread
    0.80%

    Codes

    ISIN
    GB00B4M01C47
    SEDOL
    B4M01C4
    Bloomberg
    LEGSCIA LN
    MEX
    LGCSAB

    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:

    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
    6 rue Lou Hemmer
    L-1748 Senningerberg
    Grand-Duché de Luxembourg
    Facsimile: +352 276 222 150
    Telephone: +352 276 222 514
    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 LGIM Managers (Europe) Limited as management company for this fund. Registered in Ireland No. 609677. Registered Office: 33/34 Sir John Rogerson’s Quay, Dublin, 2, Ireland. Authorised and Regulated by the Central Bank of Ireland No. C173733.

    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 © 2020, Markit Indices GmbH.