Fact sheet: L&G Dynamic Bond Trust

Fund information
Fund name
L&G Dynamic Bond Trust I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund managers
  • Shahzada Omar Saeedsince 30/06/2015
Fund objective
The objective of this fund is to provide a combination of income and growth.The fund will invest between 80% and 100% in bonds (a type of loan which pays interest) and/or derivatives (contracts which have a value linked to the price of another asset) and/or cash. The bonds may have a fixed or variable rate of income. The bonds that the fund invests in may be investment grade (rated as lower risk) or sub-investment grade (rated as higher risk). Investment and sub-investment grade bonds are bonds that have been given a credit rating by a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time. The bonds held may be issued by companies or governments and may be issued in the UK or overseas. 35% or more of the fund can be invested in bonds issued by the government of any one of various countries or by any one of various international organisations. For more information, please see the fund's Prospectus. The fund may use derivatives (contracts which have a value linked to the price of another asset) to: • reduce risk or cost; or • generate additional capital or income with no, or an acceptably low, level of risk. The fund may also use derivatives for investment purposes to: • enhance the performance of the fund; • manage the effect of changes in interest rates; • manage the effect of changes in exchange rates with Sterling, removing 90% or more of this exchange rate risk. The fund may also invest in other funds and/or company shares. If you hold accumulation units, income received by the fund (interest) will be reinvested into the value of your units. If you hold distribution units, income from investments held by the fund will be paid out to you every three months (as interest). You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price. This fund may not be appropriate for investors who plan to withdraw their money within five years. The fund may be appropriate if you are looking for a fund that has the flexibility to vary how much it invests at any time in lower risk investment grade bonds or higher risk subinvestment grade bonds, and can use derivatives to enhance performance.
Benchmark
  • IA £ Strategic Bond Sector
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
-1.4%
1 Year rank in sector
77/77
Sector
UT Sterling Strategic Bond
Yield
4.7%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.63%
Fund size
£881m (£1,077m 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.
22
Bid price
93.21
Offer price
93.87
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc10.5%
Fidelity I Stg Cr + Bd10.4%
Fidelity UK Inv Grd Lg Cr9.4%
Legg Mason IFBrwiGlInOp8.6%
Fidelity Pre-Retirmnt Bd8.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK96.6%
    Money Market3.4%
  • Others73%
    Consumer Services10.4%
    Financials9.7%
    Health Care4.3%
    Industrials3.6%
  • UK Fixed Interest96.6%
    Cash & Cash Equivalents3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-2.7%-1.7%-1.4%3.2%27.8%
Sector-1.2%-3.2%2.7%4.7%12.4%32.6%
Rank within sector57 / 8339 / 8282 / 8277 / 7769 / 7148 / 60
Quartile3rd2nd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.5%0.4%3%5.5%15.2%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector77 / 7729 / 7465 / 7217 / 6427 / 61
Quartile4th2nd4th2nd2nd
Risk statistics
Alpha
?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.
0.79
Beta
?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.
0.2
Sharpe
?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.
-0
Volatility
?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%.
2.54
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.
3.57
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.
-0.71
R-Squared
?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.
0.07
Price movement
52 week high95.91
52 week low92.76
Current bid price93.21
Current offer price93.87
Current mid price-
Region
1UK96.63%
2Money Market3.37%
Industry sector
1Others72.98%
2Consumer Services10.44%
3Financials9.67%
4Health Care4.28%
5Industrials3.55%
6Consumer Goods2.86%
7Asset/Mortgage-Backed Securities2.64%
8Cash & Cash Equivalents1.78%
9Telecommunications0.92%
Asset type
1UK Fixed Interest96.63%
2Cash & Cash Equivalents3.37%
Individual holdings
1MICROSOFT CORP 3.95% BDS 08/08/56 USD200010.35%
2DIAMOND 1 FIN/DIAMOND 2 8.35% BDS 15/07/46 USD1000 REG S4.89%
3EXPRESS SCRIPTS HLDG CO 4.8% BDS 15/07/46 USD20003.14%
4CHARTER COMMUNICATIONS OPT LLC/CAP 6.834% BDS 23/10/55 USD20003.07%
5TOTAL S.A. 3.369 06/10/26 49P EMTN2.66%
6VODAFONE GROUP 3% NTS 12/08/56 GBP1000002.52%
7RAC BOND CO 4.87 06/05/26 EMTN2.37%
8MEXICO CITY AIRPORT TRUST 5.5% SNR NTS 31/10/46 USD200000 144A2%
9ORACLE CORP 4% BDS 15/07/46 USD20001.98%
Management
Fund manager group
Legal & General UT Mgr
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund objective
The objective of this fund is to provide a combination of income and growth.The fund will invest between 80% and 100% in bonds (a type of loan which pays interest) and/or derivatives (contracts which have a value linked to the price of another asset) and/or cash. The bonds may have a fixed or variable rate of income. The bonds that the fund invests in may be investment grade (rated as lower risk) or sub-investment grade (rated as higher risk). Investment and sub-investment grade bonds are bonds that have been given a credit rating by a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time. The bonds held may be issued by companies or governments and may be issued in the UK or overseas. 35% or more of the fund can be invested in bonds issued by the government of any one of various countries or by any one of various international organisations. For more information, please see the fund's Prospectus. The fund may use derivatives (contracts which have a value linked to the price of another asset) to: • reduce risk or cost; or • generate additional capital or income with no, or an acceptably low, level of risk. The fund may also use derivatives for investment purposes to: • enhance the performance of the fund; • manage the effect of changes in interest rates; • manage the effect of changes in exchange rates with Sterling, removing 90% or more of this exchange rate risk. The fund may also invest in other funds and/or company shares. If you hold accumulation units, income received by the fund (interest) will be reinvested into the value of your units. If you hold distribution units, income from investments held by the fund will be paid out to you every three months (as interest). You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price. This fund may not be appropriate for investors who plan to withdraw their money within five years. The fund may be appropriate if you are looking for a fund that has the flexibility to vary how much it invests at any time in lower risk investment grade bonds or higher risk subinvestment grade bonds, and can use derivatives to enhance performance.
Benchmark
  • IA £ Strategic Bond Sector
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Shahzada Omar Saeed30/06/2015Omar joined LGIM in February 2015 from Zurich based Swisscanto Asset Management where he was Head of Global High Yield, managing global high yield and total return strategies. Prior to Swisscanto, Omar held positions at Western Asset Management, F&C Asset Managment, Standard & Poor's and Habib Bank.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Dynamic Bond Trust F Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price89.88
Offer price90.52
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5XM
L&G Dynamic Bond Trust F Inc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price61.81
Offer price62.25
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5XN
L&G Dynamic Bond Trust I Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price93.21
Offer price93.87
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX104
L&G Dynamic Bond Trust I Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price62.65
Offer price63.09
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX103
L&G Dynamic Bond Trust R Acc
Initial charge3%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price87.48
Offer price90.74
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX106
L&G Dynamic Bond Trust R Inc
Initial charge3%
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price60.61
Offer price62.86
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX105
L&G Dynamic Bond Trust X Gr Acc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price104.4
Offer price105.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeX089
L&G Dynamic Bond Trust X Gr Inc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price63.16
Offer price63.6
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeX090
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