An £45million investment fund, that gives an interest rate (coupon) of 3%.

[http://i.legalandgeneral.com/consumer/investments/products-and-funds/mixed-investments/investments-productsandfunds-mixedinvestments-fund-distribution.jsp]

It is a fund of fund, is a part from high quality securities, it also has significant holdings in the Legal & General Dynamic Bond Trust, the Legal & General High Income Trust, the Legal & General Managed Monthly Income Trust, the Legal & General Sterling Income Trust and the Legal & General Fixed Interest Trust.

The high quality blue chip investments are equity stakes in Rio Tinto, HSBC, Vodafone, BP and UK Gilts.

Its top 10 holdings are:

4¾% Treasury Stock 2015 (Bonds) =  8.41%
AstraZeneca (Pharmaceuticals & Biotechnology) = 2.26%
Rio Tinto (Mining) =  1.95%
BP (Oil & Gas Producers) = 1.41%
Prudential (Life Insurance) = 1.29%
Aviva (Life Insurance) = 1.24%
British American Tobacco (Tobacco) = 1.09%
Royal Dutch Shell B (Oil & Gas Producers) = 1.04%
Imperial Tobacco Group (Tobacco) 1.01%
HSBC Holdings PLC (Banks) 1.00%

To get 3% in a climate of near zero interest rates, it is an incredible fund.