Quick Stats

Bid Price GBX 61.06 Offer Price GBX 61.43
Mid Price - Day Change GBX +0.23 (0.38%)
Price Date 18 Oct 2017 Crown Rating 1
Shares Class Inc. Yield 6.90 %
Total Expense Ratio 0.00 Fund Size 475,121,183.09
Launch Date 30/04/2007 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 1,000,000.00 Total Expense Ratio (%) 0.00
ISIN GB00B1TWMY10 Min TopUp (£) 20,000.00

Fund Objective

The objective of this fund is to provide a combination of income and growth.The fund will invest between 80% and 100% in bonds (a type of loan which pays interest) and/or derivatives (contracts which have a value linked to the price of another asset) and/or cash. The bonds may have a fixed or variable rate of income. The bonds that the fund invests in may be investment grade (rated as lower risk) or sub-investment grade (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 held may be issued by companies or governments and may be issued in the UK or overseas. 35% or more of the fund can be invested in bonds issued by the government of any one of various countries or by any one of various international organisations. For more information, please see the fund's Prospectus. 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 use derivatives for investment purposes to: • enhance the performance of the fund; • manage the effect of changes in interest rates; • manage the effect of changes in exchange rates with Sterling, removing 90% or more of this exchange rate risk. The fund may also invest in other funds and/or company shares. This fund may not be appropriate for investors who plan to withdraw their money within five years. The fund may be appropriate if you are looking for a fund that has the flexibility to vary how much it invests at any time in lower risk investment grade bonds or higher risk subinvestment grade bonds, and can use derivatives to enhance performance.

Fund Managers

Shahzada Omar Saeed
Omar joined LGIM in February 2015 from Zurich based Swisscanto Asset Management where he was Head of Global High Yield, managing global high yield and total return strategies. Prior to Swisscanto, Omar held positions at Western Asset Management, F&C Asset Managment, Standard & Poor's and Habib Bank.