Fact sheet: L&G Sterling Corporate Bd Idx

Fund information

Fund name
L&G Sterling Corporate Bond Index I Acc
Fund company manager
Legal & General UT Mgr Ltd
Fund type
UKA
Fund manager(s)
LGIM Index Fund Management Team
since 30/09/2013
Fund objective
The objective of this fund is to provide income by tracking the performance of the Markit iBoxx Sterling Non-Gilts ex BBB Index.||The fund will invest between 70% and 100% in bonds (a type of loan which pays interest) included in the Index. The fund’s investments will closely match those that make up the Index. The Index consists of bonds which are issued in Sterling by UK or overseas companies.||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 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 deposits, money market instruments and cash. Money market instruments are a type of security where cash can be deposited for short periods of time. This fund may not be appropriate for investors who plan to withdraw their money within five years.
Benchmark
Markit iBoxx Sterling Non-Gilts ex BBB Index
Investment style
Passive/Tracking
Investment method
Physical - Full,Fixed Interest

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

1.98 %

1 Year rank in sector

84/92

Sector

UT Sterling Corporate Bond

Yield

2.2

Fund size

£ 623.5 m

FE Risk score

44

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    100%
  • Financials
    26.58%
  • Government Bonds
    25.67%
  • Asset/Mortgage-Backed Securities
    8.91%
  • Utilities
    8.58%
  • Consumer Services
    7.12%
  • UK Fixed Interest
    100%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0.48 %0.24 %1.98 %16.29 %26.29 %
Sector0.49 %1.33 %3.47 %15.86 %26.77 %
Rank within sector71 / 9789 / 9784 / 9243 / 8549 / 70
Quartile th3 rd4 th4 th3 rd3 rd

Calendar performance

YTD-20172016201520142013
Fund2.46 %9.88 %0.2 %12.11 %-1.35 %
Sector3.83 %9.08 %-0.3 %10.06 %0.21 %
Rank within sector82 / 9534 / 8830 / 8617 / 8272 / 76
Quartile th4 th2 nd2 nd1 st4 th

Risk statistics

Alpha-0.42
Beta1.17
Sharpe0.31
Volatility6.55
Tracking error1.81
Information ratio0.22
R-Squared0.94

Price movement

52 week high64.02
52 week low59.84
Current bid price62.88
Current offer price63.25
Current mid price0

Holdings by region

  • 100% UK

Holdings by sector

  • 26.58% Financials
  • 25.67% Government Bonds
  • 8.91% Asset/Mortgage-Backed Securities
  • 8.58% Utilities
  • 7.12% Consumer Services
  • 5.74% Corporate Bonds
  • 3.78% Consumer Goods
  • 3.44% Industrials
  • 3.28% Others
  • 2.65% Health Care

Holdings by asset type

  • 100% UK Fixed Interest

Individual holdings

  • 1.22% KFW 6 07/12/28 EXCH (S1 LU)
  • 1.16% EUROPEAN INVESTMENT BANK 1.5% BDS 01/02/19 EUR1000
  • 1.05% KFW 1.125 23/12/19 EMTN
  • 0.92% EUROPEAN INVESTMENT BANK 6% BDS 7/12/2028 GBP1000
  • 0.83% EUROPEAN INVESTMENT BANK 5.625% BDS 7/6/2032 GBP1000
  • 0.8% EUROPEAN INVESTMENT BANK 5% BDS 15/4/2039 GBP1000
  • 0.74% KFW 5.55 07/06/21 EXCH (S1 LU)
  • 0.69% PFIZER INC 6.5% BDS 03/06/38 GBP50000
  • 0.65% KREDITANSTALT FUER WIEDERAUFBAU KFW 5.75% BDS 7/6/2032 GBP1000
  • 0.61% ELEC DE FRANCE 6.125 02/06/34EMTN