Fact sheet: L&G High Income Pn

Fund information
Fund name
L&G High Income Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Martin Reevessince 01/11/2011
No data available.
Fund objective
To provide a high income from a portfolio of subinvestment grade fixed interest securities, issued by companies in the UK and overseas.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
10.6%
1 Year rank in sector
3/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£8m (£7m 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.
44
Bid price
1880.8
Offer price
1880.8
Top in this sector
Fund name1 Year
Aviva Invtec M High Inc Pn12%
Aviva JPM Gbl HighYldBd Pn11%
L&G High Income Pn10.6%
LV= Investec Monthly Hi Inc Pn10.3%
OMW IPLPimUsHiYiBdPn10%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • North America55.5%
    Europe ex UK23.2%
    UK8.9%
    Australasia3.6%
    Central & S America2.5%
  • High Yield Bond90.8%
    Fixed Interest5%
    Investment Grade Corporate Bonds3.4%
    Government Bonds0.5%
    Cash & Cash Equivalents0.3%
  • Global Fixed Interest90.7%
    UK Corporate Fixed Interest8.9%
    Cash & Cash Equivalents0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-0.8%6.7%10.6%17%43.4%
Sector-0.1%-0.6%4.4%7.7%14.7%46.9%
Rank within sector55 / 5748 / 571 / 573 / 569 / 4926 / 46
Quartile4th4th1st1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund13.5%-1.1%3.6%5.8%15.5%
Sector9.4%-0.1%4.4%6.8%19.3%
Rank within sector2 / 5634 / 5423 / 4943 / 4942 / 46
Quartile1st3rd2nd4th4th
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.
-0.43
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.
1.32
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.
0.33
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%.
6.42
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.
3.3
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.
0.28
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.
0.78
Price movement
52 week high1922.8
52 week low1581.8
Current bid price1880.8
Current offer price1880.8
Current mid price-
Region
1North America55.5%
2Europe ex UK23.15%
3UK8.93%
4Australasia3.61%
5Central & S America2.45%
6Asia1.99%
7Emerging Asia1.74%
8European Emerging Markets1.2%
9Others0.69%
Industry sector
1High Yield Bond90.77%
2Fixed Interest4.98%
3Investment Grade Corporate Bonds3.43%
4Government Bonds0.49%
5Cash & Cash Equivalents0.33%
Asset type
1Global Fixed Interest90.74%
2UK Corporate Fixed Interest8.93%
3Cash & Cash Equivalents0.33%
Individual holdings
1ARCELORMITTAL 7.75 01/03/41 (S2 US)1.54%
2AUS FIN PTY LTD 6.875 01/11/19 144A1.39%
3KEYSTONE FINANCING PLC 9.5% BDS 15/10/19 GBP100000144A1.34%
4NYRSTAR NETHERLANDS HLDGS BV 8.5% BDS 15/09/19 EUR100000 REG S1.33%
5MHGE PARENT LLC/FINANCE 8.5% BDS 01/08/19 USD2000144A1.3%
6ARCELORMITTAL 8.00 15/10/39 (S2 US)1.15%
7MANUTENCOOP FACILITY MGMT 8.5% BDS 01/08/20 EUR1000 144A1.04%
8OVAKO AB 6.5% NTS 01/06/19 EUR1000144A1.04%
9STRETFORD 6.75 15/07/24 REGS1.02%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
To provide a high income from a portfolio of subinvestment grade fixed interest securities, issued by companies in the UK and overseas.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Martin Reeves01/11/2011Martin Reeves is Head of Global High Yield. Prior to joining LGIM in 2011, Martin ran Credit Research at AllianceBernstein where he worked since 1998. Prior to Alliance Bernstein Martin was Head of US High Yield Research at UBK Asset Management and a Chartered Accountant with Ernst & Young. Martin holds an MA in Economics from Cambridge University, St Catharine’s College.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G High Income Pn 3
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.34%
Bid price1880.8
Offer price1880.8
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCV9
L&G High Income Pn G25
Initial charge-
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.24%
Bid price1891.1
Offer price1891.1
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL549
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.