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Legal & General All Stocks Gilt Index Trust Class C - Income (GBP)

Sell:118.80p Buy:118.80p Change: 0.1p (0.08%)
Prices as at 13 May 2022
Change: 0.1p (0.08%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 13 May 2022
Change: 0.1p (0.08%)
Prices as at 13 May 2022
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.

Legal & General All Stocks Gilt Index is our favoured gilt tracker fund. Gilts are issued and backed by the UK government, and could be a useful way to diversify a portfolio focused on shares or corporate bonds. We think Legal & General's team is one of the most experienced in managing a gilt tracker and we like the fact this fund is run at low lost.

Our view on the sector

Funds in this sector invest in bonds issued by the British government. They're typically viewed as lower risk because it's unlikely the UK government would default on its debts and be unable to pay the interest due to bondholders. They're still volatile at times though and their prices can go up and down due to wider economic factors, such as changes in interest rates. UK gilt funds probably won't achieve spectacular rates of growth. But they could be a good addition to a more conservative portfolio. They could also be used to diversify a portfolio focused on company shares or corporate bonds.

Performance Analysis

This fund aims to track the performance of the broader market of UK gilts. It's followed the performance of this index closely since launch, helped by having one of the lowest charges in this sector. Costs will always drag on performance to a degree, though.

Investment Philosophy

Tracker funds are one of the simplest ways to invest. They aim to match the performance of an index, rather than beat it. They usually do this by investing in every company in the index. This means they don't need analysts to research individual companies, which keeps costs to a minimum. If the fund's costs are low it's likely to track the index more closely.

Process and Portfolio Construction

This fund invests in every bond in the FTSE Actuaries UK Gilts All Stocks Index and in the same proportion. This is called full replication and could help the fund track the performance of the index closely. Legal & General is a fairly conservative tracker fund manager and they don't lend investments like some others do. They look for other opportunities to reduce costs though, like when they rebalance the fund to match the index, or by reinvesting dividends.

question mark Manager Track Record Based on HL Quantitative Research

  • Legal & General All Stocks Gilt...
  • Legal & General All Stocks Gilt...
  • FTSE A British Govt All Stocks NGR

Fund Track Record

13/05/17 to 13/05/18 13/05/18 to 13/05/19 13/05/19 to 13/05/20 13/05/20 to 13/05/21 13/05/21 to 13/05/22
Annual return -0.49% 3.69% 14.30% -8.96% -5.80%

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.

Fund Management Group Comment

Originally a life insurance company, Legal & General have been involved in managing investors' money since 1836. They are now one of the UK's largest investment and insurance companies. They have a prominence in managing tracker funds- with over a dozen funds and many more investments managed on behalf of institutions and pension funds.

Legal & General are one of the best resourced teams in tracker fund management- with over 50 managers, analysts and traders. They have a conservative approach to funds with the scale to keep costs low for investors.

Information about the fund

Fund manager biography

manager photo
Manager Name: LGIM Index Fund Management Team
Manager start date: 30 September 2013
Manager located in: London

The Index Fund Management Team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The Team has average industry experience of 15 years, of which seven ears has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns

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. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account