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

Sell:70.07p Buy:70.77p Change: 0.08p (0.11%)
Prices as at 25 September 2020
Sell:70.07p
Buy:70.77p
Change: 0.08p (0.11%)
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 25 September 2020
Sell:70.07p
Buy:70.77p
Change: 0.08p (0.11%)
Prices as at 25 September 2020
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 accumulation 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:
Inclusive - Class R - Income (GBP) (Net ongoing charge 0.58%)
Inclusive - Class R - Accumulation (GBP) (Net ongoing charge 0.58%)
Class I - Accumulation (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: £410 million
Number of holdings: 255
Fund type: Unit Trust
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 12:00
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

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Performance

25/09/15 to 25/09/16 25/09/16 to 25/09/17 25/09/17 to 25/09/18 25/09/18 to 25/09/19 25/09/19 to 25/09/20
Annual return 14.68% 0.26% 0.02% 11.54% 4.42%

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 : 2.40%
Income paid: Monthly
Type of payment: Interest
Ex-dividend date: 22 September 2020 22 October 2020 22 November 2020 22 December 2020 22 January 2021 22 February 2021 22 March 2021 22 April 2021 22 May 2021 22 June 2021 22 July 2021 22 August 2021
Payment date: 21 October 20204 21 November 20204 21 December 20204 21 January 20214 21 February 20214 21 March 20214 21 April 20214 21 May 20214 21 June 20214 21 July 20214 21 August 20214 21 September 20214

This data is provided by Funds Library. 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 31 August 2020.

Security Weight
ELECTRICITE DE FRA 5.50% 1.86%
TESCO PROP. FIN. 7.6227% 1.65%
BP CAPITAL MARKETS P F2V 1.38%
LLOYDS BANK 7.50% 1.32%
1¾% Treasury Gilt 2037 1.29%
UTD. UTILITIES WAT 2.00% 1.29%
HSBC BANK CAP. FNDG. F2F 1.25%
LOGICOR 2019-1 U 1.875% 1.20%
NATIONAL WESTMINSTER F2V 1.12%
WELLS FARGO 2.50% 1.12%
Sector Weight
Bonds 91.58%
Alternative Trading Strategies 4.94%
Cash and Equiv. 3.48%
Country Weight
United Kingdom 61.48%
United States 11.49%
France 7.03%
Non-Classified 6.73%
Cash and Equiv. 3.48%
Netherlands 2.85%
Ireland 1.67%
Luxembourg 0.78%
Germany 0.78%
Mexico 0.75%

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 25 September 2020. Data provided by Funds Library, correct as at 31 August 2020.

FundsLibrary
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.