Unit Trust (UCITS compliant)

Legal & General Mixed Investment Income 0-35% Fund

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Important customer notice:

The extreme market uncertainty caused by COVID-19 meant that trading in the L&G UK Property Fund was suspended from 18th March 2020. We intend that the fund will reopen on 13th October 2020. Find out more

Fund facts

Fund size
£90.1m
Base currency
GBP
Launch date
5 Oct 2015
Domicile
UK
Share class launch

Statistics

Underlying yield
2.5%

As at 31 Jul 2020

Fund aim

The objective of the Fund is to provide a combination of income and growth.

Benchmark

IA: Mixed Investment 0-35% Shares

  • What does it invest in? Invests primarily in funds, with between 0% and 35% underlying exposure to company shares and the remainder in bonds and other investments including property.
  • How does it invest? Actively managed, to give a combination of investments that allow payment of a regular income while preserving capital, with no more than 35% exposure to company shares and at least 45% invested in money market instruments and bonds with an investment grade (lower risk) credit rating.

Further details

Costs

Price basis
Single - dilution levy
Initial charge
0.00%
Ongoing charges figure
0.99%
Dilution levy
0.57%- round trip

Codes

ISIN
GB00BYW6BW21
SEDOL
BYW6BW2
Bloomberg
LG35DAC LN
MEX
LGXXR

Dealing information

Valuation frequencyDaily, 3pm (UK time)
Dealing frequencyDaily
Settlement periodT+4

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Jul 2020

    CumulativeFundIA Sector
    1 month0.560.64
    6 months-4.07-1.37
    Year to date-3.49-0.66
    3 years3.886.18
    5 years--
    Since launch18.8820.28
    AnnualisedFundIA Sector
    1 year-2.330.17
    3 years1.282.02
    5 years--
    Since launch3.653.90

    As at 30 Jun 2020

    CumulativeFundIA Sector
    Quarterly8.787.66
    Year to date-4.03-1.28
    3 years3.886.04
    5 years--
    Since launch18.2219.53
    AnnualisedFundIA Sector
    1 year-1.401.12
    3 years1.281.97
    5 years--
    Since launch3.593.84
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    12 months to 30 June 2016 2017 2018 2019 2020
    Fund-6.730.195.16-1.40
    IA Sector-7.671.413.401.11

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund-10.315.42-4.6911.43
    IA Sector-8.684.92-3.329.00

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-2.331.28-3.65
    IA Sector0.172.02-3.90

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-1.401.28-3.59
    IA Sector1.121.97-3.84

    Performance for the C Acc unit class in GBP, launched on 05 October 2015. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The performance comparator is provided to give context to the performance. The Mixed Investment Income 0-35% Fund aims to achieve an attractive balance between risk and return, as well as a higher level of income, and does not aim to closely track the IA sector as a benchmark.

    Past performance is not a guide to the future.

    Performance for the C Inc unit class in GBP, launched on 05 October 2015. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The performance comparator is provided to give context to the performance. The Mixed Investment Income 0-35% Fund aims to achieve an attractive balance between risk and return, as well as a higher level of income, and does not aim to closely track the IA sector as a benchmark.

    Past performance is not a guide to the future.

    Performance for the D Acc unit class in GBP, launched on 05 October 2015. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The performance comparator is provided to give context to the performance. The Mixed Investment Income 0-35% Fund aims to achieve an attractive balance between risk and return, as well as a higher level of income, and does not aim to closely track the IA sector as a benchmark.

    Past performance is not a guide to the future.

    Performance for the D Inc unit class in GBP, launched on 05 October 2015. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The performance comparator is provided to give context to the performance. The Mixed Investment Income 0-35% Fund aims to achieve an attractive balance between risk and return, as well as a higher level of income, and does not aim to closely track the IA sector as a benchmark.

    Past performance is not a guide to the future.

    Performance for the F Acc unit class in GBP, launched on 01 June 2016. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The performance comparator is provided to give context to the performance. The Mixed Investment Income 0-35% Fund aims to achieve an attractive balance between risk and return, as well as a higher level of income, and does not aim to closely track the IA sector as a benchmark.

    Past performance is not a guide to the future.

    Performance for the F Inc unit class in GBP, launched on 01 June 2016. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The performance comparator is provided to give context to the performance. The Mixed Investment Income 0-35% Fund aims to achieve an attractive balance between risk and return, as well as a higher level of income, and does not aim to closely track the IA sector as a benchmark.

    Past performance is not a guide to the future.

    Performance for the I Acc unit class in GBP, launched on 05 October 2015. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The performance comparator is provided to give context to the performance. The Mixed Investment Income 0-35% Fund aims to achieve an attractive balance between risk and return, as well as a higher level of income, and does not aim to closely track the IA sector as a benchmark.

    Past performance is not a guide to the future.

    Performance for the I Inc unit class in GBP, launched on 05 October 2015. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The performance comparator is provided to give context to the performance. The Mixed Investment Income 0-35% Fund aims to achieve an attractive balance between risk and return, as well as a higher level of income, and does not aim to closely track the IA sector as a benchmark.

    Past performance is not a guide to the future.

    Performance for the L Inc unit class in GBP, launched on 05 October 2015. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. The performance comparator is provided to give context to the performance. The Mixed Investment Income 0-35% Fund aims to achieve an attractive balance between risk and return, as well as a higher level of income, and does not aim to closely track the IA sector as a benchmark.

    Past performance is not a guide to the future.

    Portfolio

    As at 31 Jul 2020. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Asset allocation (%)

    Equities21.8
    Government Bonds6.9
    Credit and Emerging Market Debt61.9
    Alternatives4.5
    Cash4.9

    Equities (%)

    UK Equity12.3
    Europe ex UK Equity4.8
    North America Equity2.0
    Asia Pacific ex Japan Equity1.9
    Emerging Market Equity0.9

    Developed corporate bonds (%)

    Government bonds (%)

    Dev ex UK Sovereign6.5
    Gilts0.4

    Developed government bonds (%)

    Credit and emerging market debt (%)

    UK Corporate Bonds19.5
    Global Corporates14.2
    Emerging Market Bonds (Hard Currency)10.9
    High Yield9.4
    Emerging Market Bonds (Local)8.0

    Alternatives (%)

    Listed Infrastructure2.5
    Real Estate Investment Trusts2.0

    UK (%)

    Europe ex UK (%)

    North America (%)

    Japan (%)

    Asia Pacific ex Japan (%)

    Emerging markets (%)

    Top 10 holdings77.8
    Rest of portfolio22.2

    Top 10 holdings (%)

    LGIM Global Corporate Bond Fund14.2
    L&G Managed Monthly Income Trust10.5
    L&G Emerging Markets Government Bond (US$) Index Fund9.4
    L&G High Income Trust9.4
    L&G (N) Tracker Trust9.2
    L&G Emerging Markets Government Bond (Local Currency) Index Fund7.5
    L&G Short Dated Sterling Corporate Bond Index Fund6.4
    LGIM Sterling Liquidity Fund Class 14.3
    iShares UK Dividend UCITS ETF3.5
    United Kingdom 0.625% Treasury Gilt 20253.5

    Energy (%)

    Grains (%)

    Industrial Metals (%)

    Precious Metals (%)

    Softs (%)

    Livestock (%)

    Fund Managers

    Bruce is a fund manager in the Multi-Asset Funds team, focusing on dynamic portfolio strategy in the multi-asset funds. Bruce joined LGIM in 2012 from Queensland Investment Corporation (QIC).

    Justin is a fund manager in Multi-Asset Funds team, focusing on the management of the team's retail and risk-profiled multi-asset funds. Justin joined LGIM in 2013 from Aviva Investors' multi-asset team.

    Chris is a fund manager in Multi-Asset Funds team with responsibilities in portfolio management and on-going development across the multi-asset product range. Chris joined LGIM in 2015 from HSBC Global Asset Management.

    BruceWhite

    JustinOnuekwusi

    ChristopherTeschmacher

    Literature

    Income

    Latest dividends

    The latest dividends are shown below. The historic level of income generated by this fund may go down as well up and will vary over time.

    of

    Dividend history

    Total dividends paid in each financial year of the fund.

    Prices

    Name
    C GBP Acc
    Mid price
    60.89p
    Change (%)
    -0.17
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    C GBP Inc
    Mid price
    51.84p
    Change (%)
    -0.17
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    D GBP Acc
    Mid price
    58.99p
    Change (%)
    -0.17
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    D GBP Inc
    Mid price
    50.24p
    Change (%)
    -0.17
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    F GBP Acc
    Mid price
    57.72p
    Change (%)
    -0.17
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    F GBP Inc
    Mid price
    50.05p
    Change (%)
    -0.17
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    I GBP Acc
    Mid price
    60.45p
    Change (%)
    -0.17
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    I GBP Inc
    Mid price
    51.47p
    Change (%)
    -0.17
    Currency
    GBP
    Price time
    15:00 UK time
    Name
    L GBP Inc
    Mid price
    52.55p
    Change (%)
    -0.17
    Currency
    GBP
    Price time
    15:00 UK time

    Key risks

    The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.

    Past performance is no guarantee of future results.

    The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.

    By investing in other funds this fund indirectly holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell its holdings in other funds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.

    The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.

    Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains.

    The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.

    We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.

    Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.

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