LEGAL & GENERAL DYNAMIC BOND A - Fund overview
Bestinvest rating
Overview of
LEGAL & GENERAL DYNAMIC BOND A
A sophisticated UCIT 3 product investing across the fixed income universe with the aim of achieving gross returns of 3% in excess of Iboxx sterling non gilt, or a net positive return, irrespective of interest rate and economic cycle. The fund targets total returns as opposed to an income yield. The manager will make active use of derivative as well as cash securities to express his view, the structure of the fund also enables him to take advantage of 'short' as well as 'long' opportunities.
Fund summary
| Sector |
£ Strategic Bond
|
| Product type |
UNIT TRUST
|
| Launched |
April, 2007
|
| Size |
£1,153m
|
| Yield |
4.5%
|
| Charging basis |
50% INCOME 50% CAPITAL
|
| Dividends paid |
5/2, 5/5, 5/8, 5/11
|
| Cofunds |
Yes
|
| FundsNetwork |
Yes
|
| Bid price(inc) |
64.36p |
| Bid price(acc) |
75.41p |
Fund Charges
|
Standard Initial charge
|
3.00%
|
|
Initial charge via Bestinvest
|
0.00%
|
|
Additional bid/offer spread
|
1.09%
|
|
Annual management charge
|
1.25%
|
|
Total expense ratio
|
1.30%
|
|
Reduction in yield (10yr)
|
1.41%
|