Legal & General All Stocks Gilt Index I

  • 135.30p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 251.90p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.15%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.15%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.90%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 19 January 2021, fund data last updated 05 November 2014

This is a low-cost tracker fund that aims to provide the return - less a small fee - of UK government bonds - so-called 'gilts'. The index itself is the FTSE A British Government All Stocks index. The structure of the fund is very simple - it uses full, physical replication, meaning it holds the same debt instruments that are in the index in the same proportions as the index, and doesn't use derivatives or engage in any securities lending.

Fund summary

Sector UK Gilt
Structure UNIT TRUST
Launched
Size £1,452m
Yield 0.90%
Charging basis Income
Dividends paid 5 Jun, 5 Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.15%
Ongoing charges figure 0.15%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The fund holds all the bonds in the FTSE A British Government All Stocks Total Return Index in proportion to the index. It is fully, physically replicating, there is no use of derivatives or securities lending. The portfolio manager does have the ability to participate in primary issue from the DMO which can allow a very limited amount of value-adding by getting access immediately before the bond is included in the index.

This is an attractively priced tracker fund, that gives ready access to UK government debt as an asset class. This asset class is typically sensitive to interest rate changes (whether perceived or actual). Historically, there has tended to be an inverse correlation between gilts and UK equities. This is about as plain vanilla as a tracker fund can get.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Sector breakdown

Government Bonds 100.00%

Portfolio

- 42 stocks - Held in proportion to the index

Key Investor Information - Income

Download

Key Investor Information - Accumulation

Download