Fact sheet: L&G Sterling Corporate Bd Idx

Fund information
Fund name
L&G Sterling Corporate 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 income by tracking the performance of the Markit iBoxx Sterling Non-Gilts ex BBB Index.||The fund will invest between 70% and 100% in bonds (a type of loan which pays interest) included in the Index. The fund’s investments will closely match those that make up the Index. The Index consists of bonds which are issued in Sterling by UK or overseas companies.||The bonds that the fund invests in will be almost entirely investment grade (rated as lower risk). Investment grade bonds are bonds that have achieved a higher credit rating from 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 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 invest in 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 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.
Benchmark
  • Markit iBoxx GBP Non-Gilts ex-BBB TR
Investment style
Passive/Tracking
Investment method
Physical - Full, Fixed Interest
Quick stats
1 Year return
6.6%
1 Year rank in sector
30/91
Sector
UT Sterling Corporate Bond
Yield
2.4%
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
£454m (£236m 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.
40
Bid price
59.91
Offer price
60.32
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond11.8%
F&C Instl Lg Dtd Corp Bd10.8%
Henderson Inst Long Dat Cr10.6%
Newton Long Corporate Bond10.4%
Blackrock InstBdOver10YrCorp9.8%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK99.6%
    Money Market0.4%
  • Investment Grade Corporate Bonds76.6%
    Government Bonds19.2%
    Fixed Interest2.8%
    High Yield Bond0.9%
    Cash & Cash Equivalents0.4%
  • UK Fixed Interest99.6%
    Cash & Cash Equivalents0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-6.1%2.3%6.6%19.1%-
Sector-1.4%-5%2.9%5.9%16.4%35.1%
Rank within sector67 / 9774 / 9463 / 9430 / 9118 / 86-
Quartile3rd4th3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund7.3%0.2%12.1%-1.3%-
Sector6.9%-0.3%10.1%0.2%12.1%
Rank within sector38 / 9229 / 9018 / 8772 / 78-
Quartile2nd2nd1st4th
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.
-0.07
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.
1.17
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.
0.4
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%.
6.39
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.
1.79
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.
0.43
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.
0.94
Price movement
52 week high64.23
52 week low55.82
Current bid price59.91
Current offer price60.32
Current mid price-
Region
1UK99.56%
2Money Market0.44%
Industry sector
1Investment Grade Corporate Bonds76.61%
2Government Bonds19.23%
3Fixed Interest2.79%
4High Yield Bond0.92%
5Cash & Cash Equivalents0.44%
6Others0.01%
Asset type
1UK Fixed Interest99.56%
2Cash & Cash Equivalents0.44%
Individual holdings
1EUROPEAN INVESTMENT BANK 1.5% BDS 01/02/19 EUR10001.52%
2KFW 6 07/12/28 EXCH (S1 LU)1.23%
3EUROPEAN INVESTMENT BANK 1.375% BDS 15/01/18 GBP1000000.93%
4EUROPEAN INVESTMENT BANK 6% BDS 7/12/2028 GBP10000.86%
5KFW 5.55 07/06/21 EXCH (S1 LU)0.85%
6TREASURY 1.25% GILT 22/7/18 GBP0.010.81%
7EUROPEAN INVESTMENT BANK 5.625% BDS 7/6/2032 GBP10000.79%
8EUROPEAN INVESTMENT BANK 5% BDS 15/4/2039 GBP10000.61%
9KFW 1.125 23/12/19 EMTN0.59%
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 income by tracking the performance of the Markit iBoxx Sterling Non-Gilts ex BBB Index.||The fund will invest between 70% and 100% in bonds (a type of loan which pays interest) included in the Index. The fund’s investments will closely match those that make up the Index. The Index consists of bonds which are issued in Sterling by UK or overseas companies.||The bonds that the fund invests in will be almost entirely investment grade (rated as lower risk). Investment grade bonds are bonds that have achieved a higher credit rating from 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 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 invest in 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 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.
Benchmark
  • Markit iBoxx GBP Non-Gilts ex-BBB TR
Investment style
Passive/Tracking
Investment method
Physical - Full, 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
FE Passive Rateable, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
L&G 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 price59.99
Offer price60.39
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJUFT
L&G 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 price54.41
Offer price54.77
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJUFS
L&G Sterling Corporate Bond Index F Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.37%
Total expense ratio (TER)-
Bid price60.04
Offer price60.44
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5KA
L&G Sterling Corporate Bond Index F Inc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.37%
Total expense ratio (TER)-
Bid price54.33
Offer price54.69
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5JZ
L&G Sterling Corporate 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)0.14%
Total expense ratio (TER)-
Bid price59.91
Offer price60.32
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5JX
L&G Sterling Corporate 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)0.14%
Total expense ratio (TER)-
Bid price54.32
Offer price54.69
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5JW
L&G Sterling Corporate Bond Index L 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 classInstitutional
Domicile-
Citi codeN0CL
L&G 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 codeM45N
L&G 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 codeM45M
Data provided by

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