LGBIX — Legal & General Cash Flow Matched Bond Fund

LGBIX Fund Overview

LGBIX — Legal & General Cash Flow Matched Bond Fund is a US mutual fund managed by Advisors' Inner Circle Fund III, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Advisors' Inner Circle Fund III
• Category: Short Corporate Bond
• Assets under management: $24.99M
• 1-year return: 4.1%
• Ticker: LGBIX
• SEC CIK: 0001593547
• SEC series ID: S000070411
• Share class ID: C000223883

LGBIX Investment Objective and Strategy

Legal & General Cash Flow Matched Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund III.

Investment objective

The Legal & General Cash Flow Matched Bond Fund (the Cash Flow Matched Bond Fund or the Fund) seeks current income.

Principal investment strategy

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities and other financial instruments with economic characteristics similar to such securities. This investment policy can be changed by the Fund upon 60 days prior written notice to shareholders. The Fund primarily invests in investment-grade fixed income securities with final maturities of between one and five years. The Adviser considers investment grade fixed income securities to be those rated as BBB or Baa or above by Moodys Investors Services Inc. (Moodys), S&P Global Ratings (S&P), or Fitch, Inc. (Fitch). For purposes of the Funds 80% policy, fixed income securities include securities issued or guaranteed by the U.S. Government and its agencies or instrumentalities, municipal bonds, corporate bonds, and other corporate debt securities of U.S.

issuers, including corporate commercial paper. The Fund may also invest in derivative instruments, such as futures and swaps, to assist in managing duration and yield curve exposure relative to the Funds benchmark index. The Fund seeks current income through the management of investment grade credit with a final maturity between zero and five years. The Fund does not have a specific target for its average portfolio duration. When a fixed income security has a final maturity of less than one year, the Fund intends to sell that security or let it mature and reinvest the proceeds in securities with longer maturities. The Funds portfolio is laddered by investing in fixed income securities with different final maturities so that some securities age out of the zero-to-five year maturity range during each year.

The Advisers process for constructing the Funds portfolio combines top-down thematic considerations and bottom-up issue selection, leveraging the Advisers in-house credit analysts, strategists and economists to screen the Funds investment universe and emphasize investment themes and issuers that the Adviser believes have the most value and reflect the management teams highest conviction. The Adviser seeks to buy and maintain securities with the expectation to hold to maturity and therefore seeks to (i) emphasize long-term viability of the sector and issuer fundamentals; (ii) identify strong and stable management teams; (iii) align with shareholder, bondholder and management interests; (iv) ensure there are minimal risks that could cause step-changes in valuation; and (v) identify structural features that provide downside protection in periods of lower liquidity.

Although it is the Advisers intention to hold securities purchased on behalf of the Fund through maturity, the Adviser may sell if it becomes concerned about severe downside risk in a specific security, sector or region.

LGBIX Holdings

Top 10 holdings of Legal & General Cash Flow Matched Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all LGBIX holdings

LGBIX Portfolio Allocation

Asset-class allocation of Legal & General Cash Flow Matched Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

LGBIX Performance

Total returns for LGBIX (as of 2026-10-01), from SEC filings.

LGBIX Risk Information

Risk metrics for LGBIX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 3.2%

LGBIX Costs and Fees

LGBIX costs about $20 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.20%
• Gross expense ratio: 1.42%
• Portfolio turnover: 24%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

LGBIX Cashflows

Over the 12 months to 2024-01, Legal & General Cash Flow Matched Bond Fund had net inflows of $601.73K, from monthly SEC N-PORT filings.

LGBIX Debt Constituents

Largest debt holdings of Legal & General Cash Flow Matched Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

LGBIX Prospectus and SEC Filings

Official Legal & General Cash Flow Matched Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-02-28
• Prospectus (485BPOS) — filed 2022-02-28
• Prospectus (485BPOS) — filed 2021-01-07
• Portfolio holdings (N-PORT) — filed 2024-04-01
• Portfolio holdings (N-PORT) — filed 2023-12-29
• Portfolio holdings (N-PORT) — filed 2023-09-28
• Annual census (N-CEN) — filed 2024-01-12
• Annual census (N-CEN) — filed 2023-01-13

Related Funds

Other Short Corporate Bond funds tracked on ABC INVEST:

• Vanguard Short-Term Investment-Grade Fund (VFSTX)
• Vanguard Short-Term Corporate Bond Index Fund (VSCSX)
• American High Income Trust (AHITX)
• Vanguard High-Yield Corporate Fund (VWEHX)
• PGIM High Yield Fund (JDYRX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.