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(s)
Mark Benstead
since 01/09/2014
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
IA £ Corporate Bond
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

4.37 %

1 Year rank in sector

20/92

Sector

UT Sterling Corporate Bond

Yield

3.5

Fund size

£ 571.6 m

FE Risk score

24

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    55.03%
  • USA
    14.44%
  • France
    8.97%
  • Others
    6.06%
  • Money Market
    3.61%
  • Financials
    37.05%
  • Utilities
    20.36%
  • Asset/Mortgage-Backed Securities
    11.79%
  • Telecommunications
    5.97%
  • Consumer Services
    4.59%
  • UK Fixed Interest
    55.03%
  • US Fixed Interest
    14.44%
  • French Fixed Interest
    8.97%
  • Cash & Cash Equivalents
    3.61%
  • Dutch Fixed Interest
    3.41%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0.52 %2.49 %4.43 %15.73 %29.52 %
Sector0.49 %1.43 %3.52 %15.87 %26.67 %
Rank within sector45 / 9711 / 9720 / 9252 / 8531 / 70
Quartile th2 nd1 st1 st3 rd2 nd

Calendar performance

YTD-20172016201520142013
Fund4.48 %7.99 %0.18 %9.6 %2.36 %
Sector3.75 %9.08 %-0.3 %10.06 %0.21 %
Rank within sector27 / 9564 / 8832 / 8655 / 8213 / 76
Quartile th2 nd3 rd2 nd3 rd1 st

Risk statistics

Alpha0.83
Beta0.82
Sharpe0.34
Volatility4.59
Tracking error1.42
Information ratio-0.02
R-Squared0.95

Price movement

52 week high193.6
52 week low182.3
Current bid price0
Current offer price0
Current mid price193.5

Holdings by region

  • 55.03% UK
  • 14.44% USA
  • 8.97% France
  • 6.06% Others
  • 3.61% Money Market
  • 3.41% Netherlands
  • 2% Germany
  • 1.74% Mexico
  • 1.04% Australia
  • 1% Switzerland

Holdings by sector

  • 37.05% Financials
  • 20.36% Utilities
  • 11.79% Asset/Mortgage-Backed Securities
  • 5.97% Telecommunications
  • 4.59% Consumer Services
  • 3.93% Consumer Goods
  • 3.86% Oil & Gas
  • 3.61% Cash & Cash Equivalents
  • 3.29% Government Bonds
  • 3.16% Industrials

Holdings by asset type

  • 55.03% UK Fixed Interest
  • 14.44% US Fixed Interest
  • 8.97% French Fixed Interest
  • 3.61% Cash & Cash Equivalents
  • 3.41% Dutch Fixed Interest
  • 3.27% Global Fixed Interest
  • 2.79% Others
  • 2% German Fixed Interest
  • 1.74% Mexican Fixed Interest
  • 1.04% Australian Fixed Interest

Individual holdings

  • 1.85% BG ENERGY CAPITAL 6.5% CAP SECS BDS 30/11/72 GBP100000
  • 1.29% SEEBOARD PLC 6.375 12/11/31 EMTN
  • 1.28% JUNEAU INVESTMENTS LLC 5.9% NTS 22/2/2021 GBP1000
  • 1.23% THAMES WATER UTILITIES CAYMAN FIN 5.75% MTN 13/09/30 GBP1000
  • 1.19% ELEC DE FRANCE 6.25 30/05/28 EMTN
  • 1.19% NWEN FINANCE PLC 5.875 21/06/21
  • 1.18% NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP100000
  • 1.12% CHELTENHAM & GLOUCESTER 11.7529/10/49P
  • 1.12% HEATHROW FUNDING LTD 6% BDS 20/03/20 GBP100000 B3
  • 1.08% CENTRICA PLC 4% SNR NTS 16/10/23 USD200000 144A