Fact sheet: L&G Sht Dtd Stg Corp Bd Idx

Fund information
Fund name
L&G Short Dated Sterling Corporate Bond Index I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund manager
  • LGIM Index Fund Management Teamsince 30/09/2013
Fund objective
The above objectives are before the deduction of any charges and assumes income is reinvested. There is no guarantee that any of the objectives will be met over any time period. Both capital and reinvested income are at risk.
Benchmark
  • Markit iBoxx Sterling Corporates 1-5 Year TR
Investment style
Passive/Tracking
Investment method
Physical - Full, Fixed Interest
Quick stats
1 Year return
4.6%
1 Year rank in sector
83/89
Sector
UT Sterling Corporate Bond
Yield
2.3%
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.
0.14%
Fund size
£519m (£255m 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.
10
Bid price
54.85
Offer price
55.02
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond17.1%
Henderson Inst Long Dat Cr15.8%
F&C Instl Lg Dtd Corp Bd15.3%
Fidelity Inst UK Lg Crp Bd15.2%
Insight UK Corp Lg Mat Bd14.9%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK49.1%
    USA11.7%
    Netherlands9.6%
    France6%
    Others4.6%
  • Investment Grade Corporate Bonds93.5%
    Government Bonds3.5%
    Cash & Cash Equivalents1.2%
    High Yield Bond1.2%
    Others0.7%
  • UK Fixed Interest49.1%
    US Fixed Interest11.7%
    Dutch Fixed Interest9.6%
    French Fixed Interest6%
    Global Fixed Interest4.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%1%2.5%4.6%9.7%-
Sector0.6%2.7%5.2%9.1%18.4%34.4%
Rank within sector71 / 9688 / 9687 / 9483 / 8976 / 83-
Quartile3rd4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.5%4.9%0.9%--
Sector3.1%9.1%-0.3%10.1%0.2%
Rank within sector86 / 9477 / 8712 / 85--
Quartile4th4th1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
Price movement
52 week high54.89
52 week low52.44
Current bid price54.85
Current offer price55.02
Current mid price-
Region
1UK49.05%
2USA11.65%
3Netherlands9.56%
4France6.01%
5Others4.6%
6Australia4.27%
7Germany4.26%
8Ireland3.38%
9Sweden2.71%
Industry sector
1Investment Grade Corporate Bonds93.49%
2Government Bonds3.54%
3Cash & Cash Equivalents1.17%
4High Yield Bond1.15%
5Others0.65%
Asset type
1UK Fixed Interest49.05%
2US Fixed Interest11.65%
3Dutch Fixed Interest9.56%
4French Fixed Interest6.01%
5Global Fixed Interest4.6%
6Australian Fixed Interest4.27%
7German Fixed Interest4.26%
8Irish Fixed Interest3.38%
9Swedish Fixed Interest2.71%
Individual holdings
1BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP500002.73%
2TREASURY 1.25% GILT 22/7/18 GBP0.012.29%
3BANK OF AMER CRP 6.125 15/09/21 EMTN (S1 GB)1.2%
4E.ON INTERNATIONAL FINANCE 6% SNR EMTN 30/10/19 GBP500001.06%
5ING BANK NV LONDON 6.875% BDS 29/05/23 GBP500000.98%
6NATIONAL AUSTRALIA BANK 1.875% BDS 20/02/20 GBP1000000.96%
7TREASURY 1.5% GILT 22/01/2021 GBP0.010.94%
8STANDARD CHARTERED BANK 7.75% SUBORD NTS 03/04/18 GBP500000.92%
9ABBEY NATIONAL TREASURY SERVICES 1.875% NTS 17/02/20 GBP1000000.9%
Management
Fund manager group
Legal & General UT Mgr
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund objective
The above objectives are before the deduction of any charges and assumes income is reinvested. There is no guarantee that any of the objectives will be met over any time period. Both capital and reinvested income are at risk.
Benchmark
  • Markit iBoxx Sterling Corporates 1-5 Year TR
Investment style
Passive/Tracking
Investment method
Physical - Full, Fixed Interest
Fund manager
NameSinceBiography
LGIM Index Fund Management Team30/09/2013The 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 Short Dated Sterling Corporate 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)0.09%
Total expense ratio (TER)-
Bid price54.93
Offer price55.09
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK6GS
L&G Short Dated Sterling Corporate 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)0.09%
Total expense ratio (TER)-
Bid price51.62
Offer price51.77
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK6GR
L&G Short Dated Sterling Corporate Bond Index I Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price54.85
Offer price55.02
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK6GU
L&G Short Dated Sterling Corporate Bond Index I Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£20,000
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price51.54
Offer price51.69
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK6GT
L&G Short Dated Sterling Corporate Bond Index P 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 codeM45L
L&G Short Dated Sterling Corporate Bond Index P 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 codeM45K
Data provided by

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