|Bid Price||GBX 70.66||Offer Price||GBX 71.09|
|Mid Price||-||Day Change||GBX -0.17 (-0.24%)|
|Price Date||22 Jun 2018||Crown Rating|
|Shares Class||Inc.||Yield||2.30 %|
|Total Expense Ratio||0.00||Fund Size||1,359,442,789.68|
|Launch Date||08/03/1988||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.00||Sector||Sterling Corporate Bond|
|Min Investment (£)||500.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B0CNHF03||Min TopUp (£)||100.00|
The objective of this fund is to provide a high income and the potential for growth (if the income is reinvested). 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 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 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.
Mark is a senior UK investment grade portfolio manager with responsibility for LGIM’s retail funds. Mark joined LGIM in 2014 from AXA Investment Managers where he was Head of Credit, UK, and was closely involved with AXA’s successful entry into buy and maintain credit. Prior to that, he was at the Royal Bank of Canada in a variety of senior capital market roles. Mark graduated from the University College of North Wales with a BA (hons) in economics in 1984 and from the University of Bradford Management Centre with an MBA in 1985. He also holds the Investment Management Certificate.