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Legal & General High Income Class I - Income (GBP)

Sell:46.28p Buy:46.77p Change: 0.01p (0.02%)
Prices as at 15 October 2019
Sell:46.28p
Buy:46.77p
Change: 0.01p (0.02%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 15 October 2019
Sell:46.28p
Buy:46.77p
Change: 0.01p (0.02%)
Prices as at 15 October 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & 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 does not feature on our Wealth 50 list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Our view on the sector

The yields on offer from high-yield bonds have proven attractive in a low interest rate environment. They now offer less value than they once did. But we still think there are attractive opportunities for those prepared to look. Funds in this sector invest mainly in 'high yield' or 'non-investment grade' bonds. These are issued by companies thought to be less able to pay off their debts so they offer higher yields to compensate for the extra risk. High-yield bonds have tended to perform better when economic growth is strong because companies generally find it easier to pay their debts. But they are riskier and sometimes perform more like shares than investment grade bonds. Funds in this sector could be a good addition to a diversified portfolio invested to generate income.

Performance Analysis

Performance analysis for this fund is not available.

Investment Philosophy

Investment philosophy for this fund is not available.

Process and Portfolio Construction

Process and portfolio construction for this fund are not available.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

15/10/14 to 15/10/15 15/10/15 to 15/10/16 15/10/16 to 15/10/17 15/10/17 to 15/10/18 15/10/18 to 15/10/19
Annual return -0.84% 9.28% 9.84% -0.66% 3.39%

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.

Information about the fund

Fund manager biography

manager photo
Manager Name: Martin Reeves
Manager start date: 1 December 2011
Manager located in: London

Martin Reeves is Head of Global High Yield at LGIM, where he has worked for over five years. He runs the global high yield team, which is based in the UK, USA and Hong Kong. Prior to joining LGIM, Martin worked at AllianceBernstein for more than a decade and UBKAM in London and New York. Martin sits on the AFME high yield board and qualified as a chartered accountant with Ernst & Young. Martin holds an MA in economics from Cambridge University, St Catharine's College.

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 an ISA, Lifetime ISA, SIPP or Fund & Share Account