Fact sheet: L&G Sterling Income

Fund information

Fund name
L&G Sterling Income 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, whilst aiming to preserve capital over the long term.||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 issuers worldwide.||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.This fund may not be appropriate for investors who plan to withdraw their money within five years.
Benchmark
£ Corporate Bond
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

8.25 %

1 Year rank in sector

60/90

Sector

UT Sterling Corporate Bond

Yield

3.6

Fund size

£ 589.4 m

FE Risk score

24

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    55.46%
  • USA
    15.38%
  • France
    8.28%
  • Others
    5.9%
  • Germany
    4.48%
  • Financials
    36.47%
  • Utilities
    20.35%
  • Asset/Mortgage-Backed Securities
    13.47%
  • Telecommunications
    5.99%
  • Consumer Goods
    4.9%
  • UK Corporate Fixed Interest
    56.83%
  • Global Fixed Interest
    35.87%
  • Cash & Cash Equivalents
    3.95%
  • UK Gilts
    3.35%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.52 %3.9 %8.25 %17.69 %37.74 %
Sector0.83 %4.88 %8.75 %19.96 %34.12 %
Rank within sector79 / 9778 / 9560 / 9062 / 8434 / 70
Quartile th4 th4 th3 rd3 rd2 nd

Calendar performance

YTD-20172016201520142013
Fund3.46 %7.99 %0.18 %9.6 %2.36 %
Sector4.05 %9.08 %-0.3 %10.06 %0.21 %
Rank within sector69 / 9564 / 8831 / 8655 / 8313 / 77
Quartile th3 rd3 rd2 nd3 rd1 st

Risk statistics

Alpha0.34
Beta0.85
Sharpe0.41
Volatility4.67
Tracking error1.17
Information ratio-0.41
R-Squared0.97

Price movement

52 week high192
52 week low177.2
Current bid price0
Current offer price0
Current mid price191.8

Holdings by region

  • 55.46% UK
  • 15.38% USA
  • 8.28% France
  • 5.9% Others
  • 4.48% Germany
  • 3.83% Netherlands
  • 1.73% Mexico
  • 1.68% Australia
  • 1.02% Switzerland
  • 0.92% Russia

Holdings by sector

  • 36.47% Financials
  • 20.35% Utilities
  • 13.47% Asset/Mortgage-Backed Securities
  • 5.99% Telecommunications
  • 4.9% Consumer Goods
  • 4.22% Consumer Services
  • 4.01% Oil & Gas
  • 3.67% Industrials
  • 2.99% Government Bonds
  • 1.69% Cash & Cash Equivalents

Holdings by asset type

  • 56.83% UK Corporate Fixed Interest
  • 35.87% Global Fixed Interest
  • 3.95% Cash & Cash Equivalents
  • 3.35% UK Gilts

Individual holdings

  • 1.85% BG ENERGY CAPITAL 6.5% CAP SECS BDS 30/11/72 GBP100000
  • 1.27% JUNEAU INVESTMENTS LLC 5.9% NTS 22/2/2021 GBP1000
  • 1.26% SEEBOARD PLC 6.375 12/11/31 EMTN
  • 1.2% THAMES WATER UTILITIES CAYMAN FIN 5.75% MTN 13/09/30 GBP1000
  • 1.15% ELEC DE FRANCE 6.25 30/05/28 EMTN
  • 1.15% NWEN FINANCE PLC 5.875 21/06/21
  • 1.13% NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP100000
  • 1.11% HEATHROW FUNDING LTD 6% BDS 20/03/20 GBP100000 B3
  • 1.04% PARAGON GROUP OF COMPANIES 6.125% STG DEN NTS 30/01/22 GBP1
  • 1.03% EAST MIDLAND ELE 5.25 17/01/23 EMTN