Morningstar Fund Report  | 07/04/2025Print

Legal & General Investment Management Global Corporate Bond Fund Class B (GBP Hedged Accumulation)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Legal & General Investment Management Global Corporate Bond Fund Class B (GBP Hedged Accumulation)
Fund0.3-14.97.23.72.2
+/-Cat1.3-0.4-0.8-0.10.6
+/-B’mrk1.50.7-0.70.80.5
 
Category: Global Corporate Bond - GBP Hedged
Category Benchmark: Morningstar Gbl Corp Bd GR ...
Key Stats
NAV
04/04/2025		 GBP 1.43
Day Change -0.07%
Morningstar Category™ Global Corporate Bond - GBP Hedged
IA (formerly IMA) Sector -
ISIN GB00B6V6KV92
Fund Size (Mil)
28/02/2025		 GBP 1010.00
Share Class Size (Mil)
03/04/2025		 GBP 472.57
Max Initial Charge -
Ongoing Charge
24/02/2025		  0.05%
Investment Objective: Legal & General Investment Management Global Corporate Bond Fund Class B (GBP Hedged Accumulation)
The objective of the Fund is to provide capital growth and income above those of the Bloomberg Capital USD / EUR / GBP Corporate 1% Issuer Capped Index (Unhedged) (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 a minimum of 80% in a variety of US Dollar, Euro and Sterling denominated fixed interest instruments such as bonds, other fixed or floating-rate debt securities and short-term debt securities. These may include asset-backed securities such as mortgage-backed securities (residential & commercial) and consumer loans (for example, auto loans or credit loans).
Returns
Trailing Returns (GBP)04/04/2025
YTD2.66
3 Years Annualised1.43
5 Years Annualised2.34
10 Years Annualised2.24
12 Month Yield 4.35
Management
Manager Name
Start Date
Jonathan Curteis
31/03/2024
Ian Hutchinson
31/03/2024
Inception Date
10/09/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Bloomberg US/EU/GB Corp 1%Is Cap TR GBPMorningstar Gbl Corp Bd GR Hdg GBP
Portfolio Profile for  Legal & General Investment Management Global Corporate Bond Fund Class B (GBP Hedged Accumulation)28/02/2025
Fixed Income
Effective Maturity-
Effective Duration-
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond94.730.4994.24
Property0.000.000.00
Cash6.693.742.96
Other2.800.002.80
Growth Of 1000 (GBP) 31/03/2025
Fund:  Legal & General Investment Management Global Corporate Bond Fund Class B (GBP Hedged Accumulation)
Category:  Global Corporate Bond - GBP Hedged
Category Index:  Morningstar Gbl Corp Bd GR Hdg GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-2.4610.769.570.25-14.937.233.732.23
+/- Category0.361.102.671.34-0.42-0.76-0.060.63
+/- Category Index-2.460.342.491.460.68-0.720.750.47
% Rank in Category34401543178475
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.07   -0.140.07
1 Week0.49   -0.110.17
1 Month0.00   -0.020.16
3 Months2.81   0.670.74
6 Months1.64   0.330.77
YTD2.66   0.620.74
1 Year6.65   0.581.19
3 Years Annualised1.43   -0.170.47
5 Years Annualised2.34   0.441.18
10 Years Annualised2.24   0.600.63
 
Category: Global Corporate Bond - GBP Hedged
Category Index: Morningstar Gbl Corp Bd GR Hdg GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.23---
20240.300.155.05-1.70
20231.490.03-1.787.54
2022-7.01-7.39-4.133.03
2021-2.872.660.120.42
2020-4.709.171.753.51
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearAbove AverageAverage4 star
10-YearHighAverage5 star
OverallAbove AverageAverage4 star
 
Category :  Global Corporate Bond - GBP HedgedClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev8.06 %
3-Yr Mean Return1.64 %
 
3-Yr Sharpe Ratio-0.30
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Corp Bd GR Hdg GBP  Morningstar Gbl Corp Bd GR Hdg GBP
3-Yr Beta0.990.99
3-Yr Alpha0.400.40
 
Fixed Income Style31/01/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 1010
Maturity Distribution %
1 to 314.10
3 to 518.74
5 to 717.10
7 to 1016.03
10 to 157.72
15 to 204.52
20 to 3013.93
Over 303.98
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA2.84   BB3.69
AA6.06   B1.46
A31.87   Below B0.34
BBB53.91   Not Rated-0.17
 
Category: Global Corporate Bond - GBP Hedged
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond94.730.4994.24
Property0.000.000.00
Cash6.693.742.96
Other2.800.002.80
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings1032
Assets in Top 10 Holdings9.36
NameSectorCountry% of Assets
United Kingdom of Great Britain and N... United Kingdom2.45
L&G EM Short Duration Bond Z USD AccLuxembourg1.40
Celanese US Holdings Llc 6.7%United States0.80
L&G EM Inv Grd Hrd Ccy Corp Bd Z USD AccLuxembourg0.77
CPUK Finance Limited 5.94%United Kingdom0.74
TotalEnergies Capital International S... France0.73
New York Life Global Funding 3.2%United States0.65
Bristol-Myers Squibb Company 5.75%United States0.61
AA Bond Co Ltd. 6.85%United Kingdom0.61
JPMorgan Chase & Co.United States0.60
 
Increase Decrease New since last portfolio
Category: Global Corporate Bond - GBP Hedged
 
Management
Name of CompanyLegal & General (Unit Trust Managers) Ltd
Phone-
Website -
AddressBrunel House
 Cardiff   CF24 0EB
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date10/09/2012
Fund Advisor(s)
Legal & General Investment Management Ltd.
Fund ManagerJonathan Curteis
Manager Start Date31/03/2024
Fund ManagerIan Hutchinson
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 Chargen/a
Ongoing Charge0.05%
Purchase Details
Minimum Investments
Initial1000000  GBP
Additional50000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes