Quick Stats

Bid Price GBX 63.00 Offer Price GBX 63.41
Mid Price - Day Change GBX +0.07 (0.11%)
Price Date 21 Jul 2017 Crown Rating
Shares Class Inc. Yield 2.20 %
Total Expense Ratio 0.00 Fund Size 592,420,095.71
Launch Date 28/08/2012 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 100,000,000.00 Total Expense Ratio (%) 0.00
ISIN GB00BG0QPD77 Min TopUp (£) 20,000.00

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.

Fund Managers

LGIM Index Fund Management Team
The Index Fund management team comprises 29 investment professionals with average industry experience of 14 years. Together they are responsible for a wide range of index funds – covering equities, fixed income and alternative asset classes. The team has £277 billion index assets under management. All data as at 31 December 2015