NAV
Objective
The Legal & General Cash Flow Matched Bond Fund (the “Fund”) seeks current income.
Approach
LGIM America’s process for constructing the Fund’s portfolio combines top-down thematic considerations and bottom-up issue selection. Asset allocation decisions are formulated within the monthly global strategy process that produces a short- and long-term credit outlook. An experienced credit research team conducts comprehensive bottom-up issuer analysis, incorporating long-term views and fundamental analysis alongside a strict valuation discipline. The Fund is constructed in a risk-controlled manner, focusing on sectors and securities where research can add the most value while tightly controlling duration and yield curve exposure to match the duration and cash flow profile of a liability that pays a 2.25% cost-of-living adjusted income over the next five years. The Fund primarily invests in investment-grade corporate debt with final maturities of between one and five years.
Share class details
| Share class | Symbol | CUSIP | Gross expenses | Net expenses | Min. investment | Inception |
|---|---|---|---|---|---|---|
| Institutional Class | LGBIX | 00774Q288 | 1.42% | 0.20% | $1,000,000 | 12/23/21 |
The adviser has contractually agreed to waive fees and expenses until February 28, 2024.
Monthly performance (as of TBD)
| Share class | 1 mon | 3 mon | YTD | 1 yr | 3 yr | 5 yr | Since Inception |
|---|---|---|---|---|---|---|---|
| Institutional Class | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Quarterly performance (as of TBD)
| Share class | 1 yr | 3 yr | 5 yr | 10 yr | Since Inception |
|---|---|---|---|---|---|
| Institutional Class | N/A | N/A | N/A | N/A | N/A |
Annualized performance shown for periods greater than one year. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth less than their original cost and current performance may be higher or lower that the performance quoted. For performance current to the most recent month end, please visit call 1-833-44-LGIMA.
Top holdings (as of TBD)
Holdings are listed as Ticker, Coupon and Maturity. Holdings are subject to change.
Consider the funds’ investment objective, risk, and charges and expenses. This and other information can be found in the funds’ prospectus, and if available, the summary prospectus, which may be obtained by calling 1-833-44-LGIMA. Please read the prospectus, and if available the summary prospectus, carefully before investing.
There are risks involved in investing, including loss of principal. Asset allocation may not protect against market risk. Investment in the fund(s) is subject to the risks of the underlying funds. Bond Funds: Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Mortgage-Backed Securities: Bonds and bond funds generally decrease in value as interest rates rise. Mortgage-backed securities are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities. Municipal Bond: There is no guarantee that the Fund’s income will be exempt from federal or state income taxes. Capital gains, if any, are subject to capital gains tax. Bonds and bond funds will decrease in value as interest rates rise. Income from municipal bonds may be subject to the alternative minimum tax.
Indices are unmanaged and do not include the effect of fees. One cannot invest in an index. The Bloomberg Barclays US Corporate 1-5 Year Index measures the investment grade, US dollar-denominated, fixed-rate, taxable corporate bond market with remaining maturities between 1 and 5 years.
The funds are distributed by SEI Investment Distribution Company (SIDCO). SIDCO is not affiliated with LGIMA.