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(s)
Mark Benstead
since 01/09/2014
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 Sterling Corporate Bond
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

5.95 %

1 Year rank in sector

39/94

Sector

UT Sterling Corporate Bond

Yield

3.1

Fund size

£ 1.4 b

FE Risk score

44

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    57.56%
  • USA
    16.1%
  • France
    7.82%
  • Others
    4.75%
  • Germany
    3.36%
  • Financials
    36.3%
  • Utilities
    24.3%
  • Asset/Mortgage-Backed Securities
    7.86%
  • Government Bonds
    7.68%
  • Telecommunications
    6.85%
  • UK Fixed Interest
    57.56%
  • US Fixed Interest
    16.1%
  • French Fixed Interest
    7.82%
  • Global Fixed Interest
    4.75%
  • German Fixed Interest
    3.36%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0.21 %0.83 %5.95 %17.18 %29.32 %
Sector0.28 %0.9 %5.47 %15.18 %25.06 %
Rank within sector64 / 9748 / 9739 / 9428 / 8626 / 75
Quartile th3 rd2 nd2 nd2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund3.69 %10.34 %-0.16 %11.91 %0.62 %
Sector3.66 %9.08 %-0.3 %10.06 %0.21 %
Rank within sector43 / 9525 / 8851 / 8620 / 8242 / 76
Quartile th2 nd2 nd3 rd1 st3 rd

Risk statistics

Alpha-0.48
Beta1.24
Sharpe0.33
Volatility6.77
Tracking error1.43
Information ratio0.48
R-Squared0.99

Price movement

52 week high148.7
52 week low137.3
Current bid price146
Current offer price146.7
Current mid price0

Holdings by region

  • 57.56% UK
  • 16.1% USA
  • 7.82% France
  • 4.75% Others
  • 3.36% Germany
  • 3.23% Netherlands
  • 1.9% Cayman Islands
  • 1.47% Mexico
  • 1.25% Switzerland
  • 0.93% Sweden

Holdings by sector

  • 36.3% Financials
  • 24.3% Utilities
  • 7.86% Asset/Mortgage-Backed Securities
  • 7.68% Government Bonds
  • 6.85% Telecommunications
  • 4.65% Consumer Goods
  • 4.1% Industrials
  • 3.37% Consumer Services
  • 2.64% Health Care
  • 0.83% Oil & Gas

Holdings by asset type

  • 57.56% UK Fixed Interest
  • 16.1% US Fixed Interest
  • 7.82% French Fixed Interest
  • 4.75% Global Fixed Interest
  • 3.36% German Fixed Interest
  • 3.23% Dutch Fixed Interest
  • 1.9% American Emerging Fixed Interest
  • 1.47% Mexican Fixed Interest
  • 1.25% Swiss Fixed Interest
  • 0.93% Swedish Fixed Interest

Individual holdings

  • 2.04% UK(GOVT OF) 4.25% STK 0
  • 1.63% PRUDENTIAL PLC 11.375% 29/05/2039
  • 1.2% LLOYDS BANK PLC 6.5% NTS 17/09/40 GBP1000
  • 1.19% ELEC DE FRANCE 5.5 17/10/41 EMTN (S1 FR)
  • 1.17% EAST MIDLAND ELE 5.25 17/01/23 EMTN
  • 1.06% SCOTTISH WIDOWS LTD 5.5% NTS 16/06/23 GBP1000
  • 0.99% GLAXOSMITHKLINE CAPITAL 5.25% GTD NTS 19/12/33 GBP1000
  • 0.95% HEATHROW FUNDING LTD 7.125% BDS 14/02/24 GBP100000 B
  • 0.95% THAMES WATER UTILITIES CAYMAN FIN 5.75% MTN 13/09/30 GBP1000
  • 0.94% HSBC BANK FUND 5.844 05/11/3149P (S1 LU)