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Legal & General Managed Monthly Income Class I - Accumulation (GBP)

Sell:131.30p Buy:131.30p Change: 0.1p (0.08%)
Prices as at 17 April 2024
Sell:131.30p
Buy:131.30p
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 17 April 2024
Sell:131.30p
Buy:131.30p
Change: 0.1p (0.08%)
Prices as at 17 April 2024
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.
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): 0.44%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.44%
There are other unit types of this fund available:
Class I - Income (GBP) (Net ongoing charge 0.44%)

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:
Mark Benstead
Fund launch date: 20 October 1997
Sector: GBP Corporate Bond
Fund size: £194 million
Number of holdings: 217
Fund type: Unit Trust
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: The Northern Trust Company
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

17/04/19 to 17/04/20 17/04/20 to 17/04/21 17/04/21 to 17/04/22 17/04/22 to 17/04/23 17/04/23 to 17/04/24
Annual return 6.22% 6.64% -7.17% -9.88% 5.76%

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

The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Fund Objective

The objective of this fund is to provide a high income each month. The fund will invest in bonds. These bonds will have a pre-set rate of income (either set at a fixed level or varying in a pre-determined way). The bonds that the fund invests in will be at least 80% investment grade (rated as lower risk). The fund may also invest up to 20% in sub-investment grade bonds (rated as higher risk). The bonds that the fund invests in may be issued by companies, governments or other public bodies anywhere in the world. 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. The fund may also invest in cash, deposits or other authorised investment funds.

Income Details

Distribution yield : 4.20%
Underlying yield : 4.20%
Income paid: Monthly
Type of payment: Interest
Ex-dividend date: 22 March 2024 22 April 2024 22 May 2024 22 June 2024 22 July 2024 22 August 2024 22 September 2024 22 October 2024 22 November 2024 22 December 2024 22 January 2025 22 February 2025
Payment date: 21 April 20244 21 May 20244 21 June 20244 21 July 20244 21 August 20244 21 September 20244 21 October 20244 21 November 20244 21 December 20244 21 January 20254 21 February 20254 21 March 20254

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 28 February 2024.

Security Weight
UTD. UTILITIES WAT 5.75% 1.89%
ANNINGTON FNDG. 3.184% 1.74%
SOUTHERN WATER SER 6.64% 1.39%
ROTHESAY LIFE 3.375% 1.36%
GS. GRP. 1.50% 1.32%
AT&T 4.875% 1.29%
4.87% 1.26%
Hammerson 6% 2026 1.17%
NESTLE HOLDINGS I 5.125% 1.15%
MARSTON'S ISSUER PLC F2F 1.12%
Sector Weight
Bonds 90.30%
Non-Classified 8.43%
Cash and Equiv. 1.27%
Country Weight
United Kingdom 47.13%
Non-Classified 16.45%
France 10.44%
United States 9.79%
Germany 3.16%
Netherlands 2.78%
Denmark 1.83%
Belgium 1.35%
Cash and Equiv. 1.27%
Luxembourg 1.26%

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. Prices provided by Morningstar, correct as at 17 April 2024. Data provided by Broadridge, correct as at 31 March 2024.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

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.