|Bid Price||-||Offer Price||-|
|Mid Price||GBX 102.60||Day Change||GBX +0.20 (0.20%)|
|Price Date||23 Nov 2017||Crown Rating|
|Shares Class||Inc.||Yield||2.50 %|
|Total Expense Ratio||0.00||Fund Size||571,276,157.20|
|Launch Date||15/10/2001||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||20.00||Total Expense Ratio (%)||0.00|
|ISIN||GB0030949704||Min TopUp (£)||20.00|
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.||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, deposits or other authorised investment funds.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 held the title of Head of Credit, UK. Mark was closely involved with AXA’s successful entry into the buy and maintain credit strategy as well as delivering abovetarget performance on a range of segregated and annuity funds. Prior to that, he was at the Royal Bank of Canada in a variety of senior capital market roles, latterly as Managing Director, Head of Syndicate and European Debt Capital Markets. 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.