MoneyAM Fund Centre

Quick Stats

Fund Objective

The objective of this fund is to provide a combination of income and growth.Investment policy:? The fund will provide investment in a mix of assets. Investment will be made in bonds (a type of loan which pays interest), company shares and cash. Investments will also be made through other authorised investment funds which invest in these assets, including those managed by companies in the Legal & General Group. Over 60% of the fund has to be in interest-paying assets, ie bonds, cash, and funds that pay interest.? The fund will provide investment in bonds issued by governments and companies. Between 50% and 100% of the bonds will be investment grade (rated as lower risk). The fund will also provide investment in sub-investment grade bonds (rated as higher risk). Investment and sub-investment grade bonds are bonds that have been given a credit rating by a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time.? Investments may be selected from any geographical area or economic sector.? 35% or more of the fund can be invested in bonds issued by the UK Government, including the Scottish Administration, the ExecutiveCommittee of the Northern Ireland Assembly and the National Assembly of Wales.? The fund may use derivatives (contracts which have a value linked to the price of another asset) to: • reduce risk or cost; or • generate additional capital or income with no, or an acceptably low, level of risk

Fund Managers

Kevin Chessum

Kevin Chessum is an Associate Director of LGIM, responsible for managing asset allocation positions across a broad set of diversified funds. He joined LGIM in November 1982 from Warwick University, and initially analysed individual companies and sectors within the UK Equity market. He progressed to become a UK Equity fund manager and then, early in 2002, onto managing asset allocation portfolios. He is currently responsible for managing a set of portfolios that invest in a wide range of asset classes including UK and overseas equities, fixed interest, and cash.