Fact sheet: L&G Gbl Infln Lkd Bd Index

Fund information
Fund name
L&G Global Inflation Linked Bond Index I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund managers
  • LGIM Index Fund Management Teamsince 29/09/2013
Fund objective
The objective of this fund is to provide a mixture of income and growth (if the income is reinvested) by tracking the performance of the Barclays World Government Ex UK Inflation Linked Bonds TR Hedged GBP Index. The fund will invest between 80% and 100% in bonds (a type of loan which pays interest) included in the Index. These bonds will have a pre-set rate of income (either set at a fixed level or varying in a predetermined way). The fund’s investments will closely match those that make up the Index and this will be achieved through investing in a sample selection of the bonds in the Index. The bonds are issued in the relevant national currency by governments around the world (excluding the UK). The interest and capital returns on these bonds will be linked to local inflation rates. The bonds that the fund invests in will be a mixture of investment grade bonds (rated as lower risk) and sub-investment grade bonds (rated as higher risk). The mix will closely match that of the Index. 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. 35% or more of the fund can be invested in United States government or public bonds. 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. It will also use currency derivatives for investment purposes to manage the effect of fluctuations in exchange rates with Sterling, in order to maintain accurate tracking. The fund may also invest in other bonds, deposits, money market instruments and cash. Money market instruments are a type of security where cash can be deposited for short periods of time.If you hold accumulation units, income from investments held by the fund(interest) will be reinvested into the value of your units.If you hold distribution units, income from investments held by the fundwill be paid out to you every six months (as interest).You can buy or sell units in this fund on any working day. You need tocontact us with your instruction before 3.00pm. This is the time we calculateunit prices for this fund. If you contact us after 3.00pm, the units will bebought or sold at the next working day's price.This fund may not be appropriate for investors who plan to withdraw theirmoney within five years. The fund may be appropriate if you would like toadd a more specialist investment to an existing portfolio.
Benchmark
  • Barclays World Government ex UK Inflation Linked Bond Index (GBP Hedged)
Investment style
Passive/Tracking
Investment method
Physical – Sampled/Optimised, Fixed Interest
Quick stats
1 Year return
3.3%
1 Year rank in sector
50/67
Sector
UT Global Bonds
Yield
1.2%
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.
0.27%
Fund size
£725m (£327m 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.
28
Bid price
53.55
Offer price
53.63
Top in this sector
Fund name1 Year
M&G Global gvt bnd29.8%
Aberdeen World Gov Bd25.6%
M&G Global Macro Bond24.5%
BlackRock Osea GovBdTrk24.2%
BlackRock OseaCorBdTrk24.1%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

  • North America73.2%
    Europe ex UK29.6%
    Japan3.7%
    Australasia2.3%
    Money Market-8.7%
  • Government Bonds108.7%
    Cash & Cash Equivalents-8.7%
  • North American Fixed Interest73.2%
    Europe ex UK Fixed Interest29.6%
    Japanese Fixed Interest3.7%
    Asia Pacific Fixed Interest2.3%
    Money Market-8.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-2.6%-0.4%3.3%7.7%-
Sector-2.9%-1.5%5.3%11.7%13.5%19%
Rank within sector30 / 7053 / 6960 / 6950 / 6742 / 57-
Quartile2nd4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.2%-1%4.5%--
Sector11.3%-1.3%3.8%-2%6.1%
Rank within sector51 / 6740 / 6132 / 58--
Quartile4th3rd3rd
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.
-0.2
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.
0.38
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%.
4.16
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.
5.1
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.
-0.74
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.
0.34
Price movement
52 week high55
52 week low51.32
Current bid price53.55
Current offer price53.63
Current mid price-
Region
1North America73.15%
2Europe ex UK29.58%
3Japan3.67%
4Australasia2.33%
5Money Market-8.73%
Industry sector
1Government Bonds108.73%
2Cash & Cash Equivalents-8.73%
Asset type
1North American Fixed Interest73.15%
2Europe ex UK Fixed Interest29.58%
3Japanese Fixed Interest3.67%
4Asia Pacific Fixed Interest2.33%
5Money Market-8.73%
Individual holdings
1USA (GOVT) I/L 0.125 15/04/183%
2USA (GOVT) I/L 0.125 15/04/192.98%
3USA (GOVT) I/L 0.125 15/04/202.88%
4UNITED STATES OF AMER TREAS BONDS 2.375% BDS 15/1/25 USD10002.61%
5UNITED STATES OF AMER TREAS NOTES 0.625% NTS 15/01/26 USD1002.59%
6USA (GOVT) I/L 0.125 15/07/222.59%
7USA (GOVT) I/L 0.625 15/01/242.59%
8UNITED STATES OF AMER TREAS NOTES 0.125% BDS 15/01/22 USD1002.51%
9USA (GOVT) I/L 0.375 15/07/232.49%
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 mixture of income and growth (if the income is reinvested) by tracking the performance of the Barclays World Government Ex UK Inflation Linked Bonds TR Hedged GBP Index. The fund will invest between 80% and 100% in bonds (a type of loan which pays interest) included in the Index. These bonds will have a pre-set rate of income (either set at a fixed level or varying in a predetermined way). The fund’s investments will closely match those that make up the Index and this will be achieved through investing in a sample selection of the bonds in the Index. The bonds are issued in the relevant national currency by governments around the world (excluding the UK). The interest and capital returns on these bonds will be linked to local inflation rates. The bonds that the fund invests in will be a mixture of investment grade bonds (rated as lower risk) and sub-investment grade bonds (rated as higher risk). The mix will closely match that of the Index. 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. 35% or more of the fund can be invested in United States government or public bonds. 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. It will also use currency derivatives for investment purposes to manage the effect of fluctuations in exchange rates with Sterling, in order to maintain accurate tracking. The fund may also invest in other bonds, deposits, money market instruments and cash. Money market instruments are a type of security where cash can be deposited for short periods of time.If you hold accumulation units, income from investments held by the fund(interest) will be reinvested into the value of your units.If you hold distribution units, income from investments held by the fundwill be paid out to you every six months (as interest).You can buy or sell units in this fund on any working day. You need tocontact us with your instruction before 3.00pm. This is the time we calculateunit prices for this fund. If you contact us after 3.00pm, the units will bebought or sold at the next working day's price.This fund may not be appropriate for investors who plan to withdraw theirmoney within five years. The fund may be appropriate if you would like toadd a more specialist investment to an existing portfolio.
Benchmark
  • Barclays World Government ex UK Inflation Linked Bond Index (GBP Hedged)
Investment style
Passive/Tracking
Investment method
Physical – Sampled/Optimised, Fixed Interest
Fund managers
NameSinceBiography
LGIM Index Fund Management Team29/09/2013The Index Fund management team comprises 29 investment professionals with average industry experience of 14 years. Together they are responsible for a wide range of index funds – covering equities, fixed income and alternative asset classes. The team has £277 billion index assets under management. All data as at 31 December 2015
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Global Inflation Linked Bond Index Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM47G
L&G Global Inflation Linked Bond Index C Acc
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)-
Bid price53.67
Offer price53.76
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJUGD
L&G Global Inflation Linked Bond Index C Inc
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)-
Bid price52.51
Offer price52.59
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJUGC
L&G Global Inflation Linked Bond Index F Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.51%
Total expense ratio (TER)-
Bid price53.21
Offer price53.29
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJEKC
L&G Global Inflation Linked Bond Index F Inc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.51%
Total expense ratio (TER)-
Bid price52.36
Offer price52.44
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJEKB
L&G Global Inflation Linked Bond Index I Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.27%
Total expense ratio (TER)-
Bid price53.55
Offer price53.63
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJEKD
L&G Global Inflation Linked Bond Index I Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISAYes
Ongoing charge (OCF)0.27%
Total expense ratio (TER)-
Bid price52.48
Offer price52.56
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJEKE
L&G Global Inflation Linked Bond Index Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM47F
Data provided by

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