Fact sheet: L&G Fixed Interest Trust

Fund information

Fund name
L&G Fixed Interest Trust I Acc
Fund company manager
Legal & General UT Mgr Ltd
Fund type
UKA
Fund manager
Stuart Steven
since 01/06/2000
Fund objective
The objective of this fund is to provide a high income and the potential for growth (if the income is reinvested). The fund will invest in bonds (a type of loan which pays interest). These bonds will have a pre-set rate of income (either set at a fixed level or varying in a pre-determined way). 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 bonds that the fund invests in will be issued by companies or governments anywhere in the world. 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 cash or deposits. 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). This fund may not be appropriate for investors who plan to withdraw their money within five years.
Benchmark
IA £ Corporate Bond Sector
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

8.72 %

1 Year rank in sector

36/90

Sector

UT Sterling Corporate Bond

Yield

3.3

Fund size

£ 1.4 b

FE Risk score

40

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    59.28%
  • USA
    16.19%
  • France
    7.67%
  • Netherlands
    3.85%
  • Others
    3.8%
  • Financials
    34.52%
  • Utilities
    25.18%
  • Government Bonds
    7.83%
  • Asset/Mortgage-Backed Securities
    7.76%
  • Telecommunications
    6.69%
  • UK Fixed Interest
    59.28%
  • US Fixed Interest
    16.19%
  • French Fixed Interest
    7.67%
  • Dutch Fixed Interest
    3.85%
  • Global Fixed Interest
    3.8%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.2 %4.43 %8.3 %22.04 %39.24 %
Sector-0.01 %4.17 %7.44 %18.82 %33.17 %
Rank within sector64 / 9742 / 9536 / 9019 / 8421 / 70
Quartile th3 rd2 nd2 nd1 st2 nd

Calendar performance

YTD-20172016201520142013
Fund3.84 %10.34 %-0.16 %11.91 %0.62 %
Sector3.59 %9.08 %-0.3 %10.06 %0.21 %
Rank within sector38 / 9524 / 8850 / 8620 / 8342 / 77
Quartile th2 nd2 nd3 rd1 st3 rd

Risk statistics

Alpha-0.33
Beta1.24
Sharpe0.52
Volatility6.68
Tracking error1.41
Information ratio0.72
R-Squared0.99

Price movement

52 week high147.7
52 week low135.6
Current bid price146.2
Current offer price147.1
Current mid price0

Holdings by region

  • 59.28% UK
  • 16.19% USA
  • 7.67% France
  • 3.85% Netherlands
  • 3.8% Others
  • 3.42% Germany
  • 1.1% Australia
  • 1.1% Mexico
  • 0.98% Sweden
  • 0.97% Switzerland

Holdings by sector

  • 34.52% Financials
  • 25.18% Utilities
  • 7.83% Government Bonds
  • 7.76% Asset/Mortgage-Backed Securities
  • 6.69% Telecommunications
  • 4.41% Consumer Services
  • 4.2% Consumer Goods
  • 4.08% Industrials
  • 2.52% Health Care
  • 1.86% Cash & Cash Equivalents

Holdings by asset type

  • 59.28% UK Fixed Interest
  • 16.19% US Fixed Interest
  • 7.67% French Fixed Interest
  • 3.85% Dutch Fixed Interest
  • 3.8% Global Fixed Interest
  • 3.42% German Fixed Interest
  • 1.1% Australian Fixed Interest
  • 1.1% Mexican Fixed Interest
  • 0.98% Swedish Fixed Interest
  • 0.97% Swiss Fixed Interest

Individual holdings

  • 1.68% PRUDENTIAL PLC 11.375% 29/05/2039
  • 1.32% HM TREASURY UNITED KINGDOM DMO 3.5% GILT 22/01/45 GBP
  • 1.25% HM TREASURY UNITED KINGDOM DMO 4.5% GILT 7/12/42 GBP
  • 1.18% ELECTRICITE DE FRANCE 5.50 17/10/41
  • 1.14% SOCIETY LLOYD'S 7.421 21/06/17 49P
  • 1.11% EAST MIDLAND ELE 5.25 17/01/23 EMTN
  • 1.1% HM TREASURY UNITED KINGDOM DMO 4.25% GILT 07/12/40
  • 1.06% AT&T INC 7% BDS 30/04/40 GBP(VAR)
  • 1.05% SCOTTISH WIDOWS LTD 5.5% NTS 16/06/23 GBP1000
  • 1.01% GLAXOSMITHKLINE CAPITAL 5.25% GTD NTS 19/12/33 GBP1000