Legal & General’s Dynamic Bond Trust is an actively managed, strategic fixed income fund designed to perform throughout the economic cycle - whether interest rates rise or fall.
Using an unconstrained, global approach to fund management gives the manager - Richard Hodges - and his team the ability to find the very best fixed income opportunities, wherever they occur.
This alpha approach is balanced by innovative risk management - using sophisticated instruments to manage the fund’s volatility.
The team behind the Dynamic Bond Trust aims for top quartile performance whatever the market conditions. The wide range of assets and tools at the management team’s disposal give them the opportunity to achieve positive returns even when the wider bond market is deteriorating.
Performance
Performance data source since inception (30 April 2007) to 30 November 2011: Lipper, bid to bid basis, with net income reinvested ('R' Class). Past performance is not a guide to future performance.
Fund Overview
| |
Current |
Change |
| Price* |
Bid 76.89
Offer 79.93
|
-0.09
-0.09
|
| Fund Size (£m) |
1,480.06 |
|
| Number of positions |
174 |
|
| Distribution Yield (Gross)† |
3.80% |
|
| Underlying Yield (Gross)‡ |
3.20% |
|
*Price data as at 15 May 2012. All other data as at 30 November 2011. Source of all data FundsLibrary.
Fund Facts
| Fund Manager |
Richard Hodges |
|
| Launch Date |
30/04/2007 |
|
| Fund Structure |
Unit Trust |
|
| Benchmark |
IMA £ Strategic Bond Sector |
|
| IMA Sector |
£ Strategic Bond |
|
| Ex-dividend Date(s) |
5th December, 5th March, 5th June, 5th September |
|
| Domicile |
United Kingdom |
|
| Currency |
GBP |
|
| Initial Charge |
3.00% |
|
| Annual Management Charge (AMC) |
1.25% |
|
| Total Expense Ratio (TER) |
1.42% |
|
| UCITS |
Yes |
|
| Minimum Lump Sum Investment |
£500 |
|
| Minimum Monthly Investment |
N/A |
|
| Minimum Top-Up |
£100 |
|
| ISIN (accumulation) |
GB00B1TWMM97 |
|
| ISIN (income) |
GB00B1TWMJ68 |
|
|
|
|
†Distribution Yield (Gross)
We use what's called a distribution yield to indicate the amount of income that the fund could pay you over the next 12 months. We assume the fund will be keeping its current investments when we do the calculation. It's also worth pointing out that you could be taxed on your income and it could vary over time.
‡Underlying Yield (Gross)
We use what's called an underlying yield to indicate the amount of income (as defined by accounting standards) that the fund could receive over the next 12 months. We assume the fund will be keeping its current investments when we do the calculation. It's also worth pointing out that you could be taxed on your income and it could vary over time. If this yield is lower than the distribution yield this is either because a portion of the fund's charges are deducted from capital and/ or the fund has chosen to distribute the interest income actually received.