Morningstar Fund Report  | 13/04/2025Print

Legal & General Active Global High Yield Bond F Class Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Legal & General Active Global High Yield Bond F Class Accumulation
Fund0.9-14.710.97.51.4
+/-Cat-2.2-1.9-1.3-0.40.3
+/-B’mrk-3.1-3.8-5.3-3.6-0.7
 
Category: GBP High Yield Bond
Category Benchmark: Morningstar UK HY Bd GR GBP
Key Stats
NAV
11/04/2025		 GBX 149.40
Day Change -0.20%
Morningstar Category™ GBP High Yield Bond
IA (formerly IMA) Sector £ High Yield
ISIN GB00B89R5R91
Fund Size (Mil)
31/03/2025		 GBP 669.31
Share Class Size (Mil)
11/04/2025		 GBP 0.00
Max Initial Charge -
Ongoing Charge
21/03/2025		  0.65%
Investment Objective: Legal & General Active Global High Yield Bond F Class Accumulation
The objective of the Fund is to provide income and growth above those of the ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Index (Hedged to GBP), the (“Benchmark Index”). The Fund aims to outperform the Benchmark Index over rolling three year periods after the deduction of all fees and expenses. The Fund is actively managed and will invest at least 70% in sub-investment grade bonds in Sterling or bonds issued in other currencies and hedged back to Sterling. Sub-investment grade bonds are those with at least one rating below investment grade from a nationally recognised statistical rating organisation (NRSRO).
Returns
Trailing Returns (GBP)11/04/2025
YTD-1.32
3 Years Annualised2.17
5 Years Annualised5.06
10 Years Annualised2.75
12 Month Yield 6.51
Management
Manager Name
Start Date
John Ryan
01/01/2025
Inception Date
17/08/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
ICE BofA BB-B Gbl HY NFin 2% C Hg TR GBPMorningstar UK HY Bd GR GBP
Portfolio Profile for  Legal & General Active Global High Yield Bond F Class Accumulation31/03/2025
Fixed Income
Effective Maturity-
Effective Duration-
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock1.700.001.70
Bond91.300.0091.30
Property0.000.000.00
Cash5.830.005.83
Other1.170.001.17
Growth Of 1000 (GBP) 31/03/2025
Fund:  Legal & General Active Global High Yield Bond F Class Accumulation
Category:  GBP High Yield Bond
Category Index:  Morningstar UK HY Bd GR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-6.4011.905.890.95-14.6510.947.451.39
+/- Category-2.511.142.25-2.23-1.92-1.25-0.450.26
+/- Category Index-4.50-1.061.19-3.11-3.76-5.27-3.64-0.69
% Rank in Category9024128483756533
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.20   -0.080.08
1 Week-1.97   -0.35-1.49
1 Month-3.30   -0.54-2.15
3 Months-1.71   -0.33-2.84
6 Months-0.66   -0.71-3.21
YTD-1.32   0.08-2.19
1 Year4.33   -0.79-4.92
3 Years Annualised2.17   -1.04-4.18
5 Years Annualised5.06   -0.45-2.33
10 Years Annualised2.75   -0.64-2.43
 
Category: GBP High Yield Bond
Category Index: Morningstar UK HY Bd GR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.39---
20242.060.763.930.53
20232.131.080.616.82
2022-5.24-11.56-2.414.35
20210.882.29-0.53-1.65
2020-17.3114.424.027.59
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAbove Average2 star
5-YearBelow AverageHigh2 star
10-YearAverageAbove Average2 star
OverallAverageAbove Average2 star
 
Category :  GBP High Yield BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.96 %
3-Yr Mean Return3.19 %
 
3-Yr Sharpe Ratio-0.11
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK HY Bd GR GBP  Morningstar Gbl HY Bd GR Hdg GBP
3-Yr Beta0.990.95
3-Yr Alpha-3.58-1.57
 
Fixed Income Style31/01/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 681
Maturity Distribution %
1 to 318.93
3 to 542.64
5 to 722.84
7 to 109.31
10 to 150.40
15 to 200.92
20 to 303.46
Over 300.64
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA2.24   BB47.34
AA0.00   B42.82
A0.08   Below B5.20
BBB1.78   Not Rated0.55
 
Category: GBP High Yield Bond
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock1.700.001.70
Bond91.300.0091.30
Property0.000.000.00
Cash5.830.005.83
Other1.170.001.17
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings5
Total Number of Bond Holdings878
Assets in Top 10 Holdings6.22
NameSectorCountry% of Assets
Ikks Invest Cl 2-1.20
Land O'Lakes Capital Trust I 7.45%United States0.84
Maxeda DIY Holding B.V. 5.875%Netherlands0.60
Energy Transfer LP 7.125%United States0.54
INEOS Finance PLC 6.375%United Kingdom0.53
Boparan Finance PLC 9.375%United Kingdom0.53
Telefonica Europe B V 6.75%Spain0.50
Standard Building Solutions Inc. 2.25%United States0.50
Speedway Motorsports LLC / Speedway F... United States0.50
Brookfield Property Reit Inc/Bpr Cumu... United States0.49
 
Increase Decrease New since last portfolio
Category: GBP High Yield Bond
 
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 Date17/08/2012
Fund Advisor(s)
Legal & General Investment Management Ltd.
Fund ManagerJohn Ryan
Manager Start Date01/01/2025
 
Biography
John is European Portfolio Manager in Global High Yield, and also has responsibility for commodity sectors, including Energy and Mining, on a global basis. John backs up Martin Reeves on the global portfolios. John joined LGIM in 2005 after graduating from Imperial College, London with a first class honours degree in Mathematics. John also holds the IMC qualification.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.65%
Ongoing Charge0.65%
Purchase Details
Minimum Investments
Initial500  GBP
Additional100  GBP
Savings10  GBP
Tax Free Savings Schemes
ISAsYes