Fact sheet: L&G Ovr 15Y Glt IdxPn

Fund information
Fund name
L&G Over 15 Years Gilt Index Pn G17 SH
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund manager
  • Sebastien Fauchersince 20/11/2016
No data available.
Fund objective
To track the return of the FTSE Actuaries UK Conventional Gilts Over 15 Years Index (after adjustment for charges and tax) to within +/- 0.25% each year for two years in three by investing in UK Index-Linked Government Securities. In order to accurately track this index the fund will invest in a representative sample of holdings.
Benchmark
  • FTSE Actuaries UK Conventional Gilts Over 15 Years
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
11.8%
1 Year rank in sector
50/117
Sector
PN Sterling Long Bonds
Yield
-
Fund size
£69m (£40m 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.
90
Bid price
2079.6
Offer price
2079.6
Top in this sector
Fund name1 Year
Ignis Standard Lg Gilt Pn25.1%
Stan Life L&G Ov15Yr IL GltIdx Pn21.2%
OMW M&G PP Lg Dted Corp Bd Pn16%
Pru Sup Lg Idx Lkd Pn14.7%
M&G PP Super Long Index Linked Pn14.5%
...more in PN Sterling Long Bonds

Performance snapshot

Holdings snapshot

  • UK100%
    Money Market0%
  • Government Bonds99.4%
    Fixed Interest0.6%
    Cash & Cash Equivalents0%
  • UK Gilts99.4%
    UK Fixed Interest0.6%
    Money Market0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.3%-13.4%3%11.8%42.1%43.9%
Sector-2.7%-10.8%5.5%11.9%36.4%44.5%
Rank within sector97 / 117107 / 118103 / 11850 / 11727 / 10541 / 92
Quartile4th4th4th2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund13.5%0.2%26.4%-6.2%2.9%
Sector13.9%0%21.3%-4.3%6.5%
Rank within sector68 / 11835 / 1107 / 10568 / 10046 / 92
Quartile3rd2nd1st3rd2nd
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.
-0.36
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.
1.2
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.
0.7
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%.
13.45
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.
3.4
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.
0.47
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.
0.96
Price movement
52 week high2430.7
52 week low1828.2
Current bid price2079.6
Current offer price2079.6
Current mid price-
Region
1UK99.99%
2Money Market0.01%
Industry sector
1Government Bonds99.42%
2Fixed Interest0.57%
3Cash & Cash Equivalents0.01%
Asset type
1UK Gilts99.42%
2UK Fixed Interest0.57%
3Money Market0.01%
Individual holdings
1UK(GOVT OF) 4.25% STK 07.96%
2TREASURY 4.25% GILT 07/12/55 GBP0.017.66%
3TREASURY 4.5% GILT 7/9/2034 GBP0.017.56%
4TREASURY 4.25% GILT 07/03/36 GBP0.016.95%
5TREASURY 4.5% GILT 7/12/42 GBP6.9%
6TREASURY 4% GILT 22/01/60 GBP0.016.86%
7TREASURY 4.75% GILT 07/12/38 GBP6.43%
8TREASURY 3.5% GILT 22/01/45 GBP6.31%
9TREASURY 3.75% GILT 22/07/52 GBP0.016.13%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
To track the return of the FTSE Actuaries UK Conventional Gilts Over 15 Years Index (after adjustment for charges and tax) to within +/- 0.25% each year for two years in three by investing in UK Index-Linked Government Securities. In order to accurately track this index the fund will invest in a representative sample of holdings.
Benchmark
  • FTSE Actuaries UK Conventional Gilts Over 15 Years
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Sebastien Faucher20/11/2016Sebastien has 10 years of experience in the investment industry, having served as portfolio manager in the passive fixed income team at State Street Global Advisors from 2006 to 2008. He also spent 5 years at National Bank of Canada where as a Senior Risk Manager until 2004 and then Arbitrageur until 2006. He received a Master’s Degree in Finance from Laval University in 1999. Sebastien earned his CFA designation in 2002.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Over 15 Years Gilt Index Pn G17 SH
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price2079.6
Offer price2079.6
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL674
L&G Over 15 Years Gilt Index Pn G17 SH Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1899.7
Offer price1899.7
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL675
Data provided by

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