From 5th January 2022 Legal & General Income Trust has changed its name to Legal & General Active Global High Yield Bond Fund.
The change to the Fund's Investment Objective is as follows:
To provide income and growth above those of the Bank of America Merrill Lynch composite, the "Benchmark". The fund aims to outperform the Benchmark by 1% per annum in order to achieve a high income. This objective is before the deduction of any charges and measured over rolling three year periods.
The fund is actively managed and may invest at least 70% in sub-investment grade bonds from overseas and UK issuers.
To provide income and growth above those of the ICE BofA BB-B Global High Yield Non-Financial 2% Constrained Total Return Index (Hedged to GBP), (the "Benchmark Index"). The fund aims to outperform the Benchmark Index by 1% per annum. This objective is before the deduction of any charges and measured over rolling three year periods.
The fund is actively managed and will invest at least 70% in sub-investment grade bonds in Sterling or bonds issued in other currencies and hedged back to Sterling.
If you have any questions regarding this article, please contact us.
- uploaded - 05 January 2022
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