Fact sheet: L&G Close Bond Inc Portfolio Pn

Fund information
Fund name
L&G Close Bond Income Portfolio Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund manager
  • Ian Goodhandsince 31/05/2011
Underlying fund
Close Bond Income Portfolio
Fund objective
The investment objective of the Close Bond Income Portfolio Fund is to generate income while maintaining its capital value over the medium term.
  • IA £ Corporate Bond
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
1 Year rank in sector
PN Specialist
Fund size
£0m (£0m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
Bid price
Offer price
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Performance snapshot

Holdings snapshot

  • Not Specified96.8%
    Money Market3.2%
  • No data available.
  • Global Corporate Fixed Interest94.7%
    Money Market3.2%
    Global Fixed Interest2.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector178 / 546473 / 544325 / 531291 / 510227 / 386194 / 313
Calendar performance
 YTD - 20162015201420132012
Rank within sector293 / 514195 / 450127 / 388286 / 357156 / 318
Risk statistics
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
Price movement
52 week high138.76
52 week low124.42
Current bid price134.61
Current offer price134.61
Current mid price-
1Not Specified96.78%
2Money Market3.22%
Industry sector
No data available.
Asset type
1Global Corporate Fixed Interest94.71%
2Money Market3.22%
3Global Fixed Interest2.07%
Individual holdings
2SOCIETY OF LLOYD'S 7.421% 21/06/494.13%
3SSE PLC 3.875% 09/10/494.13%
4SOCIETY OF LLOYDS(THE) 4.75% SUB NTS 30/10/24 GBP1000003.94%
5SCOTTISH WIDOWS LTD 5.5% NTS 16/06/23 GBP10003.69%
6GKN HLDGS 5.375% BDS 19/09/22 GBP1000003.68%
7NATIONAL GRID 1.25% RPI LKD BDS 06/10/21 GBP100 563.58%
8AMLIN 6.5% FR SUB NTS 19/12/26 GBP500003.47%
9DAILY MAIL & GENERAL TRUST 6.375% BDS 21/06/27 GBP500003.45%
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The investment objective of the Close Bond Income Portfolio Fund is to generate income while maintaining its capital value over the medium term.
  • IA £ Corporate Bond
Investment style
No data available.
Investment method
No data available.
Fund manager
Ian Goodhand31/05/2011Ian joined Close in June 07 as a Fixed Income Fund Manager. He has 16 years of investment experience predominantly in fixed income securities with institutions including Lloyds, Hill Samuel, Bloomberg and formerly Old Mutual Asset Management gaining experience by directing an institutional Gilt Hedge Fund portfolio. He specialises across the full spectrum of fixed income investment opportunities including conventional & alternative asset classes. Ian is a graduate of the University of Brighton
No data available.
No data available.
Fund for sale in
United Kingdom
L&G Close Bond Income Portfolio Pn G25
Initial charge-
Annual charge0.88%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.88%
Bid price134.61
Offer price134.61
Mid price-
Price updated01/12/2016
Institutional or retail classRetail
Citi codeACJB
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.