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
Martin Reeves
since 02/05/2014
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

Quick stats

1 Year return

-1.47 %

1 Year rank in sector

83/83

Sector

UT Sterling Strategic Bond

Yield

7.1

Fund size

£ 573.3 m

FE Risk score

25

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    21.85%
  • Others
    17.58%
  • UK
    15.8%
  • Argentina
    10.92%
  • Money Market
    8.07%
  • Government Bonds
    19.84%
  • Financials
    16.93%
  • Consumer Services
    11.06%
  • Industrials
    10.01%
  • Cash & Cash Equivalents
    8.92%
  • US Fixed Interest
    21.85%
  • Global Fixed Interest
    17.58%
  • UK Fixed Interest
    15.8%
  • American Emerging Fixed Interest
    10.92%
  • Money Market
    8.07%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.8 %1.38 %-1.23 %-1.65 %18.69 %
Sector0.34 %4.29 %7.25 %13.64 %30.69 %
Rank within sector85 / 8582 / 8483 / 8374 / 7458 / 64
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Calendar performance

YTD-20172016201520142013
Fund1.21 %-1.08 %0.35 %3.01 %5.47 %
Sector3.78 %7.28 %-0.29 %6.75 %2.59 %
Rank within sector82 / 8478 / 7829 / 7465 / 7318 / 66
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Risk statistics

Alpha-0.74
Beta0.21
Sharpe-0
Volatility2.72
Tracking error3.72
Information ratio-1.04
R-Squared0.07

Price movement

52 week high95.91
52 week low92.38
Current bid price93.75
Current offer price94.38
Current mid price0

Holdings by region

  • 21.85% USA
  • 17.58% Others
  • 15.8% UK
  • 10.92% Argentina
  • 8.07% Money Market
  • 5.35% Brazil
  • 4.08% Italy
  • 3.77% Mexico
  • 2.5% Egypt
  • 2.45% France

Holdings by sector

  • 19.84% Government Bonds
  • 16.93% Financials
  • 11.06% Consumer Services
  • 10.01% Industrials
  • 8.92% Cash & Cash Equivalents
  • 8.38% Telecommunications
  • 6.44% Oil & Gas
  • 5.07% Basic Materials
  • 4.75% Technology
  • 3.74% Consumer Goods

Holdings by asset type

  • 21.85% US Fixed Interest
  • 17.58% Global Fixed Interest
  • 15.8% UK Fixed Interest
  • 10.92% American Emerging Fixed Interest
  • 8.07% Money Market
  • 5.35% Brazilian Fixed Interest
  • 4.08% Italian Fixed Interest
  • 3.77% Mexican Fixed Interest
  • 2.5% African Fixed Interest
  • 2.45% French Fixed Interest

Individual holdings

  • 4.84% DIAMOND 1 FIN/DIAMOND 2 8.35% BDS 15/07/46 USD1000 REG S
  • 2.93% AT&T INC 5.7% BDS 01/03/57 USD2000
  • 2.4% EGYPT (GOVT) 8.5 31/01/47 REGS
  • 2.29% CHARTER COMMUNICATIONS OPT LLC/CAP 6.834% BDS 23/10/55 USD2000
  • 1.65% PROV BUENOS AIRE 7.875 15/06/27 FEB
  • 1.55% WIND ACQ 7.375 23/04/21 144A
  • 1.47% PETROBRAS GLOBAL FINANCE BV 6.125% BDS 17/01/22 USD2000
  • 1.46% PROV DE MENDOZA 8.375 19/05/24 REGS
  • 1.4% EMBARQ CORP 7.995% BDS 01/06/36 USD1000
  • 1.37% RL FINANCE BONDS 6.125% BDS 30/11/43 GBP100000