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Legal & General Global Inflation Lnk Bond Indx Class C - Accumulation (GBP)

Sell:53.58p Buy:53.65p Change: 0.02p (0.04%)
Prices as at 22 March 2017
Sell:53.58p
Buy:53.65p
Change: 0.02p (0.04%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 22 March 2017
Sell:53.58p
Buy:53.65p
Change: 0.02p (0.04%)
Prices as at 22 March 2017
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
* Please note that there can be occasions when the Selling price shown may be temporarily higher than the Buying price. This can sometimes happen when the stock market is closed but it can also happen at other times for a variety of reasons. However, when the stock market is open and you place a trade, the selling price available to you will never be higher than the buying price. Live prices will be available when you place a deal with us during market hours. Please check these and contact us if you are unable to deal online.
Also available as income units Help

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.27% i
Ongoing saving from HL: 0.10% i
Net ongoing charge: 0.17%
There are other unit types of this fund available:
Class C - Income (GBP) (Net ongoing charge 0.17%)

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

Unit type: Unbundled
Manager:
LGIM Index Fund Management Team
Fund launch date: 28 August 2013
Sector: Global Bonds
Fund size: £890 million
Number of holdings: 110
Fund type: Unit Trust
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 15:00
Trustee: The Northern Trust Company
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

Performance

22/03/12 to 22/03/13 22/03/13 to 22/03/14 22/03/14 to 22/03/15 22/03/15 to 22/03/16 22/03/16 to 22/03/17
Annual return n/a n/a 6.21% -1.20% 1.27%

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 chart

Our view on this fund

This is a young fund, launched in mid 2013, but offers a good way to access globally based inflation-linked bonds, using derivatives to reduce the impact of currency movements (known as hedging). This is a well diversified fund with low charges.

Read more HL research on this fund

Fund Objective

The objective of this fund is to provide a mixture of income and growth (if the income is reinvested) by tracking the performance of the Barclays World Government Ex UK Inflation Linked Bonds TR Hedged GBP Index. The fund will invest between 80% and 100% in bonds included in the Index. These bonds will have a pre-set rate of income (either set at a fixed level or varying in a predetermined way). The fund's investments will closely match those that make up the Index and this will be achieved through investing in a sample selection of the bonds in the Index. The bonds are issued in the relevant national currency by governments around the world (excluding the UK). The interest and capital returns on these bonds will be linked to local inflation rates. The bonds that the fund invests in will be a mixture of investment grade bonds (rated as lower risk) and sub-investment grade bonds (rated as higher risk). The mix will closely match that of the Index. 35% or more of the fund can be invested in United States government or public bonds. 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. It will also use currency derivatives for investment purposes to manage the effect of fluctuations in exchange rates with Sterling, in order to maintain accurate tracking. The fund may also invest in other bonds, deposits, money market instruments and cash.

Income Details

Distribution yield : 1.90%
Underlying yield : 1.90%
Income paid: Bi-annually
Type of payment: Interest
Ex-dividend date: 5 June 2017 5 December 2017
Payment date: 5 August 20174 5 February 20184

All yields are variable and not guaranteed. Information correct as at 28 February 2017.

Security Weight
USA (GOVT) I/L 0.125 15/04/18 2.76%
USA (GOVT) I/L 0.125 15/04/20 2.74%
USA (GOVT) I/L 0.125 15/04/19 2.63%
USA (GOVT) I/L 0.125 15/04/21 2.41%
USA (GOVT) I/L 0.625 15/01/26 2.31%
USA (GOVT) I/L 0.625 15/01/24 2.25%
USA (GOVT) I/L 0.125 15/01/22(S1 DE) 2.25%
USA (GOVT) I/L 0.25 15/01/25 2.24%
USA (GOVT) I/L 2.375 15/01/25 2.22%
USA (GOVT) I/L 0.375 15/07/25 2.20%
Sector Weight
Bonds 99.24%
Non-Classified 0.53%
Cash and Equiv. 0.22%
Country Weight
United States 63.40%
France 12.16%
Italy 8.18%
Germany 4.48%
Japan 3.32%
Canada 2.84%
Spain 1.78%
Australia 1.66%
Sweden 1.32%
New Zealand 0.54%

Prices provided by Morningstar, correct as at 22 March 2017. Data provided by Funds Library, correct as at 28 February 2017.

FundsLibrary

You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

Data received from the Fund Management Company administering this fund and provided to you for your information. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.

4 If you elect to receive the income from a Vantage ISA or Vantage 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.