Quick Stats

Bid Price GBX 156.30 Offer Price GBX 157.40
Mid Price - Day Change GBX +0.10 (0.06%)
Price Date 23 Nov 2017 Crown Rating 3
Shares Class Inc. Yield 5.90 %
Total Expense Ratio 0.00 Fund Size 1,403,064,195.40
Launch Date 01/11/2000 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 100,000.00 Total Expense Ratio (%) 0.00
ISIN GB00B2Q4S050 Min TopUp (£) 0.00

Fund Objective

The objective of this fund is to provide a high income. 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 almost entirely subinvestment grade (rated as higher risk). Sub-investment grade bonds are bonds that have achieved a lower 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 bonds that the fund invests in will be issued by companies or governments anywhere in the world. 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 or deposits. If you hold accumulation units, income from investments held by the fund (interest) will be reinvested into the value of your units. If you hold distribution units, income from investments held by the fund will be paid out to you every three months (as interest). This fund may not be appropriate for investors who plan to withdraw their money within five years. This fund may be suitable if you are willing to accept the potential for volatility.

Fund Managers

Martin Reeves
Martin Reeves is Head of Global High Yield at LGIM, where he has worked for over five years. He runs the global high yield team, which is based in the UK, USA and Hong Kong. Prior to joining LGIM, Martin worked at AllianceBernstein for more than a decade and UBKAM in London and New York. Martin sits on the AFME high yield board and qualified as a chartered accountant with Ernst & Young. Martin holds an MA in economics from Cambridge University, St Catharine’s College.