Fact sheet: L&G Mgd Mnthly Inc Trust

Fund information

Fund name
L&G Managed Monthly Income Trust I Acc
Fund company manager
Legal & General UT Mgr Ltd
Fund type
UKA
Fund manager
Richard Hodges
since 01/02/2014
Fund objective
The objective of this fund is to provide a high income each month. 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 at least 80% investment grade (rated as lower risk). The fund may also invest up to 20% in sub-investment grade bonds (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 that the fund invests in may be issued by companies, governments or other public bodies 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, deposits or other authorised investment funds. 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 monthly (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

9.9 %

1 Year rank in sector

25/90

Sector

UT Sterling Corporate Bond

Yield

3.6

Fund size

£ 425.1 m

FE Risk score

39

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    56.32%
  • USA
    16.38%
  • France
    8.65%
  • Netherlands
    4.59%
  • Others
    3.85%
  • Financials
    37.93%
  • Utilities
    24.88%
  • Asset/Mortgage-Backed Securities
    9.85%
  • Government Bonds
    6.44%
  • Telecommunications
    6.21%
  • UK Fixed Interest
    56.32%
  • US Fixed Interest
    16.38%
  • French Fixed Interest
    8.65%
  • Dutch Fixed Interest
    4.59%
  • Global Fixed Interest
    3.85%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.35 %6.58 %10.35 %24.78 %44.26 %
Sector1.05 %5.49 %8.83 %20.18 %34.55 %
Rank within sector12 / 9720 / 9525 / 9012 / 8413 / 70
Quartile th1 st1 st2 nd1 st1 st

Calendar performance

YTD-20172016201520142013
Fund5.09 %10.74 %0.27 %12.02 %0.99 %
Sector4.2 %9.08 %-0.3 %10.06 %0.21 %
Rank within sector23 / 9519 / 8827 / 8619 / 8334 / 77
Quartile th1 st1 st2 nd1 st2 nd

Risk statistics

Alpha0.04
Beta1.22
Sharpe0.57
Volatility6.58
Tracking error1.35
Information ratio0.94
R-Squared0.99

Price movement

52 week high127.9
52 week low115.3
Current bid price127.9
Current offer price128.8
Current mid price0

Holdings by region

  • 56.32% UK
  • 16.38% USA
  • 8.65% France
  • 4.59% Netherlands
  • 3.85% Others
  • 3.34% Germany
  • 1.96% Australia
  • 1.09% Mexico
  • 1.07% Russia
  • 0.96% Switzerland

Holdings by sector

  • 37.93% Financials
  • 24.88% Utilities
  • 9.85% Asset/Mortgage-Backed Securities
  • 6.44% Government Bonds
  • 6.21% Telecommunications
  • 4.47% Consumer Services
  • 3.37% Consumer Goods
  • 2.21% Health Care
  • 2.18% Industrials
  • 1.16% Oil & Gas

Holdings by asset type

  • 56.32% UK Fixed Interest
  • 16.38% US Fixed Interest
  • 8.65% French Fixed Interest
  • 4.59% Dutch Fixed Interest
  • 3.85% Global Fixed Interest
  • 3.34% German Fixed Interest
  • 1.96% Australian Fixed Interest
  • 1.09% Mexican Fixed Interest
  • 1.07% Russian Fixed Interest
  • 0.96% Swiss Fixed Interest

Individual holdings

  • 2.26% HM TREASURY UNITED KINGDOM DMO 4.25% GILT 07/12/40
  • 1.81% ELEC DE FRANCE 6.125 02/06/34EMTN
  • 1.72% HM TREASURY UNITED KINGDOM DMO 3.5% GILT 22/01/45 GBP
  • 1.71% PRUDENTIAL PLC 11.375% 29/05/2039
  • 1.38% SOCIETY LLOYD'S 7.421 21/06/17 49P
  • 1.36% BRIT LTD 6.625% SUB NTS 09/12/30 GBP50000
  • 1.32% PARAGON GROUP OF COMPANIES 6% NTS 28/08/24 GBP100000000
  • 1.16% SCOTTISH WIDOWS LTD 5.5% NTS 16/06/23 GBP1000
  • 1.1% E.ON INTL FIN BV 6 30/10/19 EMTN (S1 LU)
  • 1.08% GAZPROM 4.25 06/04/24