Fact sheet: L&G High Income Trust

Fund information

Fund name
L&G High Income Trust I Acc
Fund company manager
Legal & General UT Mgr Ltd
Fund type
UKA
Fund manager
Martin Reeves
since 01/11/2011
Fund objective
The objective of this fund is to provide a high income. 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 subinvestment grade (rated as higher risk). Sub-investment grade bonds are bonds that have achieved a lower 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. This fund may be suitable if you are willing to accept the potential for volatility.
Benchmark
-
Investment style
High Yield
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

12.24 %

1 Year rank in sector

4/23

Sector

UT Sterling High Yield

Yield

6.1

Fund size

£ 1.4 b

FE Risk score

40

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    49.25%
  • Others
    11.5%
  • UK
    11.29%
  • Brazil
    5.22%
  • China
    3.18%
  • Consumer Services
    18.64%
  • Industrials
    16.03%
  • Oil & Gas
    15.71%
  • Consumer Goods
    11.42%
  • Basic Materials
    9.6%
  • US Fixed Interest
    49.25%
  • Global Fixed Interest
    11.5%
  • UK Fixed Interest
    11.29%
  • Brazilian Fixed Interest
    5.22%
  • Chinese Fixed Interest
    3.18%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.08 %4.85 %12.24 %11.77 %35.77 %
Sector0.53 %4.43 %10 %11.25 %36.42 %
Rank within sector18 / 237 / 234 / 2315 / 2214 / 21
Quartile th4 th2 nd1 st3 rd3 rd

Calendar performance

YTD-20172016201520142013
Fund4.51 %15.55 %-2.58 %1.45 %5.43 %
Sector4.07 %9.87 %-0.27 %1.85 %6.22 %
Rank within sector7 / 232 / 2318 / 2315 / 2220 / 21
Quartile th2 nd1 st4 th3 rd4 th

Risk statistics

Alpha-0.62
Beta1.41
Sharpe0.12
Volatility6.71
Tracking error2.75
Information ratio0.26
R-Squared0.91

Price movement

52 week high132.8
52 week low115.9
Current bid price132
Current offer price133.1
Current mid price0

Holdings by region

  • 49.25% USA
  • 11.5% Others
  • 11.29% UK
  • 5.22% Brazil
  • 3.18% China
  • 2.87% Luxembourg
  • 2.55% Netherlands
  • 2.46% Sweden
  • 2.45% France
  • 2.07% Russia

Holdings by sector

  • 18.64% Consumer Services
  • 16.03% Industrials
  • 15.71% Oil & Gas
  • 11.42% Consumer Goods
  • 9.6% Basic Materials
  • 6.24% Financials
  • 5.39% Health Care
  • 4.98% Telecommunications
  • 4.76% Cash & Cash Equivalents
  • 4.02% Utilities

Holdings by asset type

  • 49.25% US Fixed Interest
  • 11.5% Global Fixed Interest
  • 11.29% UK Fixed Interest
  • 5.22% Brazilian Fixed Interest
  • 3.18% Chinese Fixed Interest
  • 2.87% Luxembourg Fixed Interest
  • 2.55% Dutch Fixed Interest
  • 2.46% Swedish Fixed Interest
  • 2.45% French Fixed Interest
  • 2.07% Russian Fixed Interest

Individual holdings

  • 1.28% AUSDRILL FINANCE PTY LTD 6.875% BDS 01/11/19 USD1000 144A
  • 1.22% CORRAL PETROLEUM 11.75 15/05/21 REGS
  • 1.07% DEA FINANCE SA 7.5% BDS 15/10/22 144A EUR100000
  • 1.05% ADIENT GLOBAL HOLDINGS LTD 3.5% BDS 15/08/24 EUR100000
  • 1.04% MHGE PARENT LLC/FINANCE 8.5% BDS 01/08/19 USD2000144A
  • 1.03% SCHUMANN SPA 7% BDS 31/07/23 EUR100000
  • 1% NAVIOS MARITIME HOLDINGS INC 8.125% BDS 15/11/21 USD1000 144A
  • 0.99% CLEAVER-BROOKS INC 8.75% BDS 15/12/19 USD1000 144A
  • 0.95% HOT TOPIC INC 9.25% SR SECD NTS 15/06/21 USD1000 144A
  • 0.92% BHP BILLITON FINANCE 6.5% SUB NC7 RST NTS 22/10/77 GBP100000