L&G Sterling Income I Acc (FUND:B89QL12) - Fund price


Fund Report

Legal & General Sterling Income Fund I Class Accumulation

Key Stats
Morningstar® CategoryGBP Corporate Bond
Manager Name-
Inception Date31/10/2012
NAV 15/07/2019GBX 202.10
Day Change0.10%
12 Month Yield3.14%
ISINGB00B89QL129
SEDOLB89QL12
Dividend FrequencyMonthly
Net Assets (mil) 31/05/2019456.91 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Ongoing Cost0.42%
AMC0.42%
Fund Rebate-

Morningstar Rating™

StarRatingValueLabel_3

Morningstar Sustainability Rating

No Rating

No Rating


Sustainability Rating as of -

Benchmarks

Fund Benchmark

Markit iBoxx GBP Collateralized&Corp TR

Morningstar® Benchmark

Markit iBoxx GBP NonGilts TR

Growth Of 10,000 (GBP) 30/06/2019

How has this security performed
201420152016201720182019
Fund9.600.187.995.56-1.794.69
Category10.680.389.714.84-2.316.39
Benchmark12.200.4910.664.33-1.536.14
  • Fund: Legal & General Sterling Income Fund I Class Accumulation
  • Category: GBP Corporate Bond
  • Benchmark: Markit iBoxx GBP NonGilts TR
Trailing Returns % (GBP) 15/07/2019
FundCatBmark
YTD5.267.217.12
3 Years Annualised3.353.483.37
5 Years Annualised4.365.055.58
10 Years Annualised6.197.197.04

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment 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.

Portfolio Profile31/05/2019

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.010.000.01
Bonds91.620.1691.46
Cash3.020.003.02
Other5.510.005.51
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond76.16
Asset Backed9.00
Convertible4.07
Cash & Equivalents3.02
Covered Bond2.79
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
L&G High Income R Inc United Kingdom8.42
Lloyds Bank plc 5.12% 2025-03-07United Kingdom2.31
Juneau Investments LLC 5.9% 2021-02-22United States1.52
Electricite de France SA 6% 2049-12-31France1.51
Northumbrian Water Finance plc 2.38% 2027-10-05United Kingdom1.51
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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