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
Helen Stuart
since 28/08/2012
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 GBP Non-Gilts ex-BBB TR
Investment style
Passive/Tracking
Investment method
Physical - Full,Fixed Interest

Performance snapshot

Quick stats

1 Year return

8.19 %

1 Year rank in sector

58/90

Sector

UT Sterling Corporate Bond

Yield

2.2

Fund size

£ 589.4 m

FE Risk score

39

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    100%
  • Financials
    25.47%
  • Government Bonds
    25.23%
  • Utilities
    10.51%
  • Asset/Mortgage-Backed Securities
    9.35%
  • Consumer Services
    6.56%
  • UK Fixed Interest
    100%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.07 %4.85 %8.19 %23.83 %0 %
Sector1.01 %5.18 %8.82 %20.08 %34.21 %
Rank within sector43 / 9765 / 9558 / 9015 / 84 /
Quartile th2 nd3 rd3 rd1 st th

Calendar performance

YTD-20172016201520142013
Fund3.57 %9.88 %0.2 %12.11 %-1.35 %
Sector4.12 %9.08 %-0.3 %10.06 %0.21 %
Rank within sector69 / 9534 / 8829 / 8617 / 8373 / 77
Quartile th3 rd2 nd2 nd1 st4 th

Risk statistics

Alpha0.13
Beta1.16
Sharpe0.54
Volatility6.43
Tracking error1.79
Information ratio0.57
R-Squared0.94

Price movement

52 week high64.23
52 week low58.49
Current bid price63.56
Current offer price63.98
Current mid price0

Holdings by region

  • 100% UK

Holdings by sector

  • 25.47% Financials
  • 25.23% Government Bonds
  • 10.51% Utilities
  • 9.35% Asset/Mortgage-Backed Securities
  • 6.56% Consumer Services
  • 5.68% Corporate Bonds
  • 3.6% Industrials
  • 3.35% Consumer Goods
  • 3.14% Others
  • 2.7% Health Care

Holdings by asset type

  • 100% UK Fixed Interest

Individual holdings

  • 1.25% EUROPEAN INVESTMENT BANK 1.5% BDS 01/02/19 EUR1000
  • 1.22% KFW 6 07/12/28 EXCH (S1 LU)
  • 1.08% KFW 1.125 23/12/19 EMTN
  • 0.92% EUROPEAN INVESTMENT BANK 6% BDS 7/12/2028 GBP1000
  • 0.87% KFW INTERNATIONAL FINANCE INC 5.55% BDS 7/6/2021 GBP100000 SER`OCT`
  • 0.75% HM TREASURY UNITED KINGDOM DMO 1.75% GILT 22/07/19 GBP0.01
  • 0.73% EUROPEAN INVESTMENT BANK 5.625% BDS 7/6/2032 GBP1000
  • 0.69% EUROPEAN INVESTMENT BANK 5% BDS 15/4/2039 GBP1000
  • 0.66% EUROPEAN INVESTMENT BANK 5.375% GTD BDS 7/6/2021 GBP(VAR)
  • 0.63% PFIZER INC 6.5% BDS 03/06/38 GBP50000