Fact sheet: L&G Dynamic Bond Trust

Fund information

Fund name
L&G Dynamic Bond Trust I Acc
Fund company manager
Legal & General UT Mgr Ltd
Fund type
UKA
Fund manager(s)
Shahzada Omar Saeed
since 01/07/2015
Fund objective
The objective of this fund is to provide a combination of income and growth.The fund will invest between 80% and 100% in bonds (a type of loan which pays interest) and/or derivatives (contracts which have a value linked to the price of another asset) and/or cash. The bonds may have a fixed or variable rate of income. The bonds that the fund invests in may be investment grade (rated as lower risk) or sub-investment grade (rated as higher risk). 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. The bonds held may be issued by companies or governments and may be issued in the UK or overseas. 35% or more of the fund can be invested in bonds issued by the government of any one of various countries or by any one of various international organisations. For more information, please see the fund's Prospectus. 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 use derivatives for investment purposes to: • enhance the performance of the fund; • manage the effect of changes in interest rates; • manage the effect of changes in exchange rates with Sterling, removing 90% or more of this exchange rate risk. The fund may also invest in other funds and/or company shares. This fund may not be appropriate for investors who plan to withdraw their money within five years. The fund may be appropriate if you are looking for a fund that has the flexibility to vary how much it invests at any time in lower risk investment grade bonds or higher risk subinvestment grade bonds, and can use derivatives to enhance performance.
Benchmark
IA £ Strategic Bond Sector
Investment style
Strategic Investment
Investment method
Fixed Interest

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

2.11 %

1 Year rank in sector

77/83

Sector

UT Sterling Strategic Bond

Yield

6.7

Fund size

£ 458.8 m

FE Risk score

33

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    27.32%
  • UK
    15.17%
  • Others
    13.22%
  • Money Market
    11.99%
  • Italy
    5.3%
  • Financials
    13.95%
  • Cash & Cash Equivalents
    13.78%
  • Consumer Services
    13.03%
  • Industrials
    12.83%
  • Government Bonds
    9.52%
  • US Fixed Interest
    27.32%
  • UK Fixed Interest
    15.17%
  • Global Fixed Interest
    13.22%
  • Money Market
    11.99%
  • American Emerging Fixed Interest
    6.7%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0.14 %1.04 %2.11 %1.91 %13.53 %
Sector0.1 %0.99 %5.29 %12.21 %23.25 %
Rank within sector42 / 8543 / 8377 / 8375 / 7559 / 66
Quartile th2 nd3 rd4 th4 th4 th

Calendar performance

YTD-20172016201520142013
Fund3.66 %-1.08 %0.35 %3.01 %5.47 %
Sector3.88 %7.28 %-0.29 %6.75 %2.59 %
Rank within sector48 / 8378 / 7829 / 7566 / 7418 / 68
Quartile th3 rd4 th2 nd4 th2 nd

Risk statistics

Alpha0.33
Beta0.2
Sharpe-0
Volatility3.08
Tracking error4.02
Information ratio-0.75
R-Squared0.05

Price movement

52 week high97.67
52 week low92.38
Current bid price96.02
Current offer price96.55
Current mid price0

Holdings by region

  • 27.32% USA
  • 15.17% UK
  • 13.22% Others
  • 11.99% Money Market
  • 5.3% Italy
  • 5.15% Argentina
  • 5.06% Brazil
  • 4.42% Mexico
  • 2.15% Russia
  • 2.14% Japan

Holdings by sector

  • 13.95% Financials
  • 13.78% Cash & Cash Equivalents
  • 13.03% Consumer Services
  • 12.83% Industrials
  • 9.52% Government Bonds
  • 8.25% Oil & Gas
  • 6.44% Telecommunications
  • 5.83% Consumer Goods
  • 5.79% Technology
  • 5.03% Basic Materials

Holdings by asset type

  • 27.32% US Fixed Interest
  • 15.17% UK Fixed Interest
  • 13.22% Global Fixed Interest
  • 11.99% Money Market
  • 6.7% American Emerging Fixed Interest
  • 5.3% Italian Fixed Interest
  • 5.06% Brazilian Fixed Interest
  • 4.42% Mexican Fixed Interest
  • 2.15% Russian Fixed Interest
  • 2.14% Japanese Fixed Interest

Individual holdings

  • 3.58% DIAMOND 1 FIN/DIAMOND 2 8.35% BDS 15/07/46 USD1000 REG S
  • 2.12% CHARTER COMMUNICATIONS OPT LLC/CAP 6.834% BDS 23/10/55 USD2000
  • 2.03% EMBARQ CORP 7.995% BDS 01/06/36 USD1000
  • 1.97% RITE AID CORP 9.25% BDS 15/03/20 USD1000 144A
  • 1.95% WIND ACQ 7.375 23/04/21 144A
  • 1.94% AUTOPISTAS DEL SOL 7.375% BDS 30/12/30 USD20000
  • 1.88% PETROBRAS GLOBAL FINANCE BV 6.125% BDS 17/01/22 USD2000
  • 1.85% PETROLEOS MEXICANOS 6.75% BDS 21/09/47 USD10000
  • 1.7% SOFTBANK GRP COR 6.875 19/07/27 P 0.
  • 1.59% VALE SA 5.625% BDS 11/09/42 USD1000