Morningstar Fund Report  | 07/04/2025Print

Legal & General Strategic Bond Fund Class R Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Legal & General Strategic Bond Fund Class R Accumulation
Fund1.9-4.75.59.80.8
+/-Cat1.94.2-1.65.2-0.9
+/-B’mrk3.78.8-0.27.0-0.4
 
Category: Global Flexible Bond - GBP Hedged
Category Benchmark: Morningstar Gbl Core Bd GR ...
Key Stats
NAV
04/04/2025		 GBX 113.90
Day Change -0.70%
Morningstar Category™ Global Flexible Bond - GBP Hedged
IA (formerly IMA) Sector £ Strategic Bond
ISIN GB00B1TWMM97
Fund Size (Mil)
31/03/2025		 GBP 954.90
Share Class Size (Mil)
04/04/2025		 GBP 7.20
Max Initial Charge -
Ongoing Charge
21/03/2025		  1.22%
Investment Objective: Legal & General Strategic Bond Fund Class R Accumulation
The objective of the Fund is to provide income and growth. The Fund is actively managed and may invest at least 80% in investment grade and sub-investment grade bonds (corporate and government) that are listed or traded in an OECD country. These are bonds with a credit rating from a nationally recognised statistical rating organisation (NRSRO) or non-rated bonds that are deemed equivalent by the Manager. The Fund will have a net exposure of at least 80% to Sterling.
Returns
Trailing Returns (GBP)04/04/2025
YTD0.09
3 Years Annualised5.23
5 Years Annualised6.14
10 Years Annualised2.31
12 Month Yield 6.21
Management
Manager Name
Start Date
Colin Reedie
28/02/2018
Matthew Rees
30/09/2019
Click here to see others
Inception Date
01/05/2007

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA £ Strategic BondMorningstar Gbl Core Bd GR Hdg GBP
Portfolio Profile for  Legal & General Strategic Bond Fund Class R Accumulation28/02/2025
Fixed Income
Effective Maturity-
Effective Duration-
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.920.000.92
Bond90.662.1688.50
Property0.000.000.00
Cash8.540.008.54
Other2.040.002.04
Growth Of 1000 (GBP) 31/03/2025
Fund:  Legal & General Strategic Bond Fund Class R Accumulation
Category:  Global Flexible Bond - GBP Hedged
Category Index:  Morningstar Gbl Core Bd GR Hdg GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-6.527.5811.801.88-4.695.539.850.79
+/- Category-3.66-0.546.571.874.17-1.565.24-0.88
+/- Category Index-6.731.266.613.718.77-0.257.04-0.42
% Rank in Category98657172475393
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.70   -0.67-0.98
1 Week-1.13   -1.46-2.28
1 Month-1.89   -1.76-2.59
3 Months0.00   -1.81-2.31
6 Months0.62   -0.68-1.08
YTD0.09   -1.80-2.13
1 Year6.75   1.081.19
3 Years Annualised5.23   3.064.67
5 Years Annualised6.14   3.246.61
10 Years Annualised2.31   0.291.26
 
Category: Global Flexible Bond - GBP Hedged
Category Index: Morningstar Gbl Core Bd GR Hdg GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20250.79---
20242.991.125.000.44
2023-1.750.560.666.11
2022-5.34-5.731.235.51
20211.681.26-0.10-0.96
2020-8.0511.032.856.48
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearHighAverage5 star
10-YearAverageAverage3 star
OverallAbove AverageAverage4 star
 
Category :  Global Flexible Bond - GBP HedgedClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev5.88 %
3-Yr Mean Return5.74 %
 
3-Yr Sharpe Ratio0.28
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Core Bd GR Hdg GBP  Morningstar DM Eur Real Est NR EUR
3-Yr Beta0.600.21
3-Yr Alpha3.783.92
 
Fixed Income Style31/01/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 952
Maturity Distribution %
1 to 311.53
3 to 522.27
5 to 711.89
7 to 1010.43
10 to 153.94
15 to 202.19
20 to 3030.17
Over 307.11
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA5.09   BB28.77
AA0.73   B15.71
A4.35   Below B4.21
BBB41.79   Not Rated-0.66
 
Category: Global Flexible Bond - GBP Hedged
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.920.000.92
Bond90.662.1688.50
Property0.000.000.00
Cash8.540.008.54
Other2.040.002.04
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings3
Total Number of Bond Holdings591
Assets in Top 10 Holdings10.94
NameSectorCountry% of Assets
Intesa Sanpaolo S.p.A. 7.778%Italy1.88
National Bank of Greece SA 8.75%Greece1.46
Close Brothers Group PLC 11.125%United Kingdom1.10
United Kingdom of Great Britain and N... United Kingdom1.04
AA Bond Co Ltd. 8.45%United Kingdom0.98
BP Capital Markets PLC 6.125%United Kingdom0.94
Deutsche Pfandbriefbank AG 8.474%Germany0.90
Societe Generale S.A. 7.132%France0.89
Permanent TSB Group Holdings PLC 13.25%Ireland0.87
CVS Health Corp 7%United States0.87
 
Increase Decrease New since last portfolio
Category: Global Flexible Bond - GBP Hedged
 
Management
Name of CompanyLegal & General (Unit Trust Managers) Ltd
Phone-
Website -
AddressBrunel House
 Cardiff   CF24 0EB
 United Kingdom
DomicileUnited Kingdom
Legal StructureUnit Trust
UCITSYes
Inception Date01/05/2007
Fund Advisor(s)
Legal & General Investment Management Ltd.
Fund ManagerColin Reedie
Manager Start Date28/02/2018
 
Biography
Colin is co-Head of Global Fixed Income and has responsibility for the London based fixed income team as well as overall portfolio management responsibilities for our Global Credit and Absolute Return strategies. Colin joined LGIM in 2005 from Henderson Global Investors where he was Head of Investment Grade Credit Fund Management. He has over 30 years’ experience in bond markets, specialising in non-government debt, and he has previously worked for Henderson Global Investors, Scottish Widows and Scottish Amicable.
Fund ManagerMatthew Rees
Manager Start Date30/09/2019
 
Biography
Matthew was appointed Head of Global Bond Strategies in September 2019. Prior to this he was co-head of the Euro credit portfolio management team, responsible for Euro-benchmarked and absolute return funds. He joined LGIM in March 2009 as a senior research analyst responsible for covering financial institutions and joined the Euro credit portfolio management team in February 2011. Prior to this Matthew spent three years as a Partner at Banquo Credit Management (a multibillion euro absolute return investment manager) and four years at UBS as Head of Financial Institutions Ratings Advisory. Matthew has more than 20 years’ experience in financial services and graduated from the University of York with a BA (hons) in English. He qualified as a chartered accountant with Coopers & Lybrand in 1996.
Fund ManagerEnda Mulry
Manager Start Date31/03/2024
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.22%
Ongoing Charge1.22%
Purchase Details
Minimum Investments
Initial100  GBP
Additional100  GBP
Savings-
Tax Free Savings Schemes
ISAsYes