L&G Short Dated Sterling Corporate

Quick Stats

Bid Price GBX 51.39 Offer Price GBX 51.57
Mid Price - Day Change GBX 0.00 (0.00%)
Price Date 28 Apr 2017 Crown Rating
Shares Class Inc. Yield 2.20 %
Total Expense Ratio 0.00 Fund Size 479,946,760.40
Launch Date 14/05/2014 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 1,000,000.00 Total Expense Ratio (%) 0.00
ISIN GB00BKGR3G14 Min TopUp (£) 20,000.00

Fund Objective

The objective of this fund is to provide income and capital growth (if the income is reinvested) by tracking the total return of the Markit iBoxx Sterling Corporates 1-5 Index.The fund will invest between 70% and 100% in bonds (a type ofloan which pays interest) included in the Index. The fund’sinvestments will closely match those that make up the Index. TheIndex consists of bonds which are issued in Sterling by UK oroverseas companies. The bonds will have between1 and 5 years until they mature, and the company pays back the loan. The bonds that the fund invests in will be between 70% and 100% 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 acceptablylow, level of risk.The fund may also invest in deposits, money market instrumentsand cash. Money market instruments are a type of security wherecash can be deposited for short periods of time.If you hold accumulation units, income from investments held bythe fund (interest) will be reinvested into the value of your units.If you hold distribution units, income from investments held bythe fund will be paid out to you every six months (as interest).You can buy or sell units in this fund on any working day. Youneed to contact us with your instruction before 12 noon. This isthe time we calculate unit prices for this fund. If you contact usafter 12 noon, the units will be bought or sold at the next workingday's price.This fund may not be appropriate for investors who plan towithdraw 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