Fact sheet: L&G Gbl Infln Lkd Bd Index

Fund information

Fund name
L&G Global Inflation Linked Bond Index I Acc
Fund company manager
Legal & General UT Mgr Ltd
Fund type
UKA
Fund manager
LGIM Index Fund Management Team
since 30/09/2013
Fund objective
The objective of this fund is to provide a mixture of income and growth (if the income is reinvested) by tracking the performance of the Barclays World Government Ex UK Inflation Linked Bonds TR Hedged GBP Index. The fund will invest between 80% and 100% in bonds (a type of loan which pays interest) included in the Index. These bonds will have a pre-set rate of income (either set at a fixed level or varying in a predetermined way). The fund’s investments will closely match those that make up the Index and this will be achieved through investing in a sample selection of the bonds in the Index. The bonds are issued in the relevant national currency by governments around the world (excluding the UK). The interest and capital returns on these bonds will be linked to local inflation rates. The bonds that the fund invests in will be a mixture of investment grade bonds (rated as lower risk) and sub-investment grade bonds (rated as higher risk). The mix will closely match that of the Index. 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. 35% or more of the fund can be invested in United States government or public bonds. 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. It will also use currency derivatives for investment purposes to manage the effect of fluctuations in exchange rates with Sterling, in order to maintain accurate tracking. The fund may also invest in other bonds, 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 fundwill be paid out to you every six months (as interest). This fund may not be appropriate for investors who plan to withdraw theirmoney within five years. The fund may be appropriate if you would like toadd a more specialist investment to an existing portfolio.
Benchmark
Barclays World Government ex UK Inflation Linked Bond Index (GBP Hedged)
Investment style
Passive/Tracking
Investment method
Physical – Sampled/Optimised,Fixed Interest

Performance snapshot

Quick stats

1 Year return

-0.07 %

1 Year rank in sector

59/66

Sector

UT Global Bonds

Yield

1.7

Fund size

£ 961.2 m

FE Risk score

29

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    60.45%
  • France
    12.33%
  • Italy
    8.23%
  • Germany
    3.59%
  • Japan
    3.37%
  • Index Linked
    93.19%
  • Others
    3.51%
  • Cash & Cash Equivalents
    3.3%
  • US Fixed Interest
    60.45%
  • French Fixed Interest
    12.33%
  • Italian Fixed Interest
    8.23%
  • German Fixed Interest
    3.59%
  • Japanese Fixed Interest
    3.37%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0 %1.43 %-0.07 %2.92 %0 %
Sector0.85 %3 %6.76 %16.19 %20.74 %
Rank within sector58 / 7253 / 6959 / 6654 / 57 /
Quartile th4 th4 th4 th4 th th

Calendar performance

YTD-20172016201520142013
Fund0.94 %4.05 %-0.96 %4.51 %0 %
Sector2.56 %12.58 %-1.32 %3.81 %-1.96 %
Rank within sector55 / 6954 / 6442 / 5832 / 55 /
Quartile th4 th4 th3 rd3 rd th

Risk statistics

Alpha-0.96
Beta0.35
Sharpe-0
Volatility3.79
Tracking error5.11
Information ratio-0.94
R-Squared0.35

Price movement

52 week high55
52 week low52.76
Current bid price53.97
Current offer price54.03
Current mid price0

Holdings by region

  • 60.45% USA
  • 12.33% France
  • 8.23% Italy
  • 3.59% Germany
  • 3.37% Japan
  • 3.3% Money Market
  • 2.73% Canada
  • 2.15% Spain
  • 1.64% Australia
  • 1.32% Sweden

Holdings by sector

  • 93.19% Index Linked
  • 3.51% Others
  • 3.3% Cash & Cash Equivalents

Holdings by asset type

  • 60.45% US Fixed Interest
  • 12.33% French Fixed Interest
  • 8.23% Italian Fixed Interest
  • 3.59% German Fixed Interest
  • 3.37% Japanese Fixed Interest
  • 3.3% Money Market
  • 2.73% Canadian Fixed Interest
  • 2.15% Spanish Fixed Interest
  • 1.64% Australian Fixed Interest
  • 1.32% Swedish Fixed Interest

Individual holdings

  • 2.89% USA (GOVT) I/L 0.125 15/04/20
  • 2.58% UNITED STATES OF AMER TREAS BONDS 2.375% BDS 15/1/25 USD1000
  • 2.55% USA (GOVT) I/L 0.375 15/07/23
  • 2.48% USA (GOVT) I/L 0.125 15/04/19
  • 2.48% USA (GOVT) I/L 1.125 15/01/21 (S1 DE)
  • 2.22% USA (GOVT) I/L 0.125 15/04/21
  • 2.19% UNITED STATES OF AMER TREAS BONDS 3.875% TIPS 15/4/2029 USD1000
  • 2.16% USA (GOVT) I/L 0.125 15/07/22
  • 2.14% UNITED STATES OF AMER TREAS NOTES 0.625% NTS 15/01/26 USD100
  • 2.11% UNITED STATES OF AMER TREAS NOTES 0.125% BDS 15/01/22 USD100