Legal & General Strategic Bond Fund Class I - Income (GBP)
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Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
×Charges and Savings
Initial charges | |
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Initial charge: | 0.00% |
Initial saving from HL: | 0.00% |
HL dealing charge: | Free |
Net initial charge: | 0.00% |
Annual charges | |||
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Performance fee: | No | ||
Ongoing charge (OCF/TER): | 0.63% | ||
Ongoing saving from HL: | 0.00% | ||
Net ongoing charge: | 0.63% | ||
There are other unit types of this fund available: | |||
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In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.
Other Information
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Performance
16/08/19 to 16/08/20 | 16/08/20 to 16/08/21 | 16/08/21 to 16/08/22 | 16/08/22 to 16/08/23 | 16/08/23 to 16/08/24 | |
---|---|---|---|---|---|
Annual return | 6.12% | 9.93% | -7.14% | 1.79% | 14.79% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
View fund chartOur view on this fund
The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
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 and/or derivatives 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). 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. The fund may use derivatives to reduce risk or cost, or to 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.
Income Details
Security | Weight |
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AA BD. 8.45% | 1.39% |
SAUDI ARABIAN OIL C 5.87% | 0.99% |
ATHORA HLDG. 5.875% | 0.94% |
EUSHI FINANCE INC 1 7.62% | 0.91% |
BANK OF NOVA SCOTIA/ F2V | 0.87% |
AROUNDTOWN FIN. SARL F2V | 0.85% |
9.25% | 0.83% |
BANCA MONTE DEI PASC F2V | 0.82% |
VOLKSWAGEN FIN SERV 6.5% | 0.76% |
BARCLAYS F2F | 0.72% |
Sector | Weight |
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Bonds | 87.85% |
Cash and Equiv. | 6.09% |
Non-Classified | 5.57% |
Banks | 0.49% |
Country | Weight |
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United Kingdom | 17.35% |
United States | 15.89% |
Non-Classified | 14.72% |
Cash and Equiv. | 6.09% |
France | 5.36% |
Luxembourg | 4.41% |
Netherlands | 3.59% |
Italy | 2.58% |
Spain | 2.48% |
Germany | 2.42% |
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 16 August 2024. Data provided by Broadridge, correct as at 31 July 2024.
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4 If you elect to receive the income from an ISA or a Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.