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

Sell:129.70p Buy:130.90p Change: 0.20p (0.15%)
Prices as at 22 May 2020
Change: 0.20p (0.15%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 22 May 2020
Change: 0.20p (0.15%)
Prices as at 22 May 2020
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.
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): 1.03%
Ongoing saving from HL: 0.45% i
Net ongoing charge: 0.58%
There are other unit types of this fund available:
Inclusive - Class R - Income (GBP) (Net ongoing charge 0.58%)
Class I - Income (GBP) (Net ongoing charge 0.44%)
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: Inclusive
Mark Benstead
Fund launch date: 20 October 1997
Launch price: £1.00
Sector: GBP Corporate Bond
Fund size: £360 million
Number of holdings: 251
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: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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22/05/15 to 22/05/16 22/05/16 to 22/05/17 22/05/17 to 22/05/18 22/05/18 to 22/05/19 22/05/19 to 22/05/20
Annual return 2.18% 9.81% -0.51% 4.41% 5.28%

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.

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Our view on this fund

The Wealth 50 is the 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 the Wealth 50 is a good place to start. View funds on the Wealth 50 »

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 : 1.90%
Underlying yield : 1.90%
Income paid: Monthly
Type of payment: Interest
Ex-dividend date: 22 May 2020 22 June 2020 22 July 2020 22 August 2020 22 September 2020 22 October 2020 22 November 2020 22 December 2020 22 January 2021 22 February 2021 22 March 2021 22 April 2021
Payment date: 21 June 20204 21 July 20204 21 August 20204 21 September 20204 21 October 20204 21 November 20204 21 December 20204 21 January 20214 21 February 20214 21 March 20214 21 April 20214 21 May 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 March 2020.

Security Weight
TESCO PROP. FIN. 7.6227% 1.65%
UTD. UTILITIES WAT 2.00% 1.51%
LLOYDS BANK 7.50% 1.32%
AT&T 7.00% 1.25%
4¼% Treasury Stock 2032 1.18%
LOGICOR 2019-1 U 1.875% 1.15%
Sector Weight
Bonds 93.32%
Alternative Trading Strategies 4.64%
Cash and Equiv. 2.04%
Country Weight
United Kingdom 60.39%
United States 13.43%
France 7.01%
Non-Classified 6.10%
Netherlands 3.22%
Cash and Equiv. 2.04%
Ireland 2.01%
Luxembourg 1.19%
Germany 0.77%
Hong Kong 0.64%

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 22 May 2020. Data provided by Funds Library, correct as at 30 April 2020.

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