As at 31 Jul 2023
In addition to LGIM’s risk management oversight, the Fund is rated by the following agencies:
| Valuation frequency | Daily, 16:00 Irish time |
| Dealing frequency | Each Business Day |
| Settlement period | T+2 |
This share class is registered for sale in the following countries:
Source: Lipper
Performance for the 1 unit class in GBP, launched on 18 November 2016. Source: Lipper. Performance is gross of fees and assumes that all income generated by the investments, before deduction of tax, remains in the fund.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
Performance for the 2 unit class in GBP, launched on 11 October 2021. Source: Lipper. Performance is gross of fees and assumes that all income generated by the investments, before deduction of tax, remains in the fund.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
Performance for the 3 unit class in GBP, launched on 18 August 2020. Source: Lipper. Performance is gross of fees and assumes that all income generated by the investments, before deduction of tax, remains in the fund.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
Performance for the 4 unit class in GBP, launched on 06 September 2016. Source: Lipper. Performance is gross of fees and assumes that all income generated by the investments, before deduction of tax, remains in the fund.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
Performance for the 5 unit class in GBP, launched on 18 November 2016. Source: Lipper. Performance is gross of fees and assumes that all income generated by the investments, before deduction of tax, remains in the fund.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
As at 31 Jul 2023
| Cumulative | Fund |
| 6 Months | - |
| Year to date | - |
| 3 years | - |
| 5 years | - |
| Annualised | Fund |
| 1 year | - |
| 3 years | - |
| 5 years | - |
As at 30 Jun 2023
| Cumulative | Fund |
| 6 Months | - |
| Year to date | - |
| 3 years | - |
| 5 years | - |
| Annualised | Fund |
| 1 year | - |
| 3 years | - |
| 5 years | - |
| 12 months to 30 June | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | - | - | - | - | - | - | - | - | - | - |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | - | - | - | - | - | - | - | - | - | - |
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Fund | - | - | - |
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Fund | - | - | - |
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.
| Scenarios | If you exit after 1 year | If you exit after RHP | |
|---|---|---|---|
| Minimum | There is no minimum guaranteed return. You could lose some or all of your investment. | ||
The stress scenario shows what you might get back in extreme market circumstances.
The unfavourable scenario was calculated using data from 2015-09 to 2016-08. As insufficient price points were available the following benchmark/s were utilised: SONIA.
The moderate scenario was calculated using data from 2018-00 to 2018-11.
The favourable scenario was calculated using data from 2017-01 to 2017-12. As insufficient price points were available the following benchmark/s were utilised: SONIA.
The stress scenario shows what you might get back in extreme market circumstances.
The unfavourable scenario was calculated using data from 2020-01 to 2020-12. As insufficient price points were available the following benchmark/s were utilised: SONIA.
The moderate scenario was calculated using data from 2019-03 to 2020-02. As insufficient price points were available the following benchmark/s were utilised: SONIA.
The favourable scenario was calculated using data from 2017-10 to 2018-09. As insufficient price points were available the following benchmark/s were utilised: SONIA.
There is no data currently available for this share class.
The stress scenario shows what you might get back in extreme market circumstances.
The unfavourable scenario was calculated using data from 2015-09 to 2016-08. As insufficient price points were available the following benchmark/s were utilised: SONIA.
The moderate scenario was calculated using data from 2016-11 to 2017-10.
The favourable scenario was calculated using data from 2014-04 to 2015-03. As insufficient price points were available the following benchmark/s were utilised: SONIA.
There is no data currently available for this share class.
As at 31 Jul 2023. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
| Certificate of Deposit | 39.5 | |
| Floating Rate Notes | 38.3 | |
| Commercial Paper | 17.6 | |
| LGIM Sterling Liquidity Fund | 4.6 |
| 0 to 7 days | 8.4 | |
| 7 days to 6 months | 38.4 | |
| 6 to 12 months | 22.8 | |
| 1 to 3 years | 25.3 | |
| 3+ years | 5.1 |
| AAA | 9.0 | |
| AA+ | 1.1 | |
| AA- | 31.4 | |
| A+ | 39.0 | |
| A | 18.8 | |
| A- | 0.7 |
Source: Standard & Poor's
| Top 10 issuers | 41.2 | |
| Rest of portfolio | 58.8 |
| Toronto Dominion Bank | 4.6 |
| LGIM Sterling Liquidity Fund | 4.6 |
| Bank of Nova Scotia | 4.5 |
| BRED Banque Populaire | 4.4 |
| Royal Bank of Canada | 4.3 |
| Canadian Imperial Bank | 4.1 |
| ING Bank | 3.9 |
| National Australia Bank | 3.9 |
| Nordea Bank | 3.5 |
| Westpac | 3.4 |
| Canada | 23.0 | |
| United Kingdom | 19.3 | |
| France | 14.2 | |
| Australia | 10.4 | |
| Japan | 8.9 | |
| Finland | 6.3 | |
| Netherlands | 5.1 | |
| Sweden | 3.7 | |
| Norway | 2.9 | |
| Other | 6.2 |
Liquidity Management
Liquidity Management (within Global Trading and Liquidity) forms a strategic part of our asset management capability incorporating liquidity and short duration portfolios as well as securities financing.
SFDR categorisation: Article 8Article 8: These funds promote environmental and/or social characteristics
The Fund promotes the following environmental characteristics related to climate change:
The Fund also promotes the following other environmental characteristics:
The Fund promotes the following social characteristics relating to social norms and standards:
No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by the Fund.
Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
The Fund seeks to implement LGIM’s Responsible Investment Framework which aims to provide a consistent and systematic approach to exclusions, refined criteria and thresholds for setting environmental and social characteristics with a defined terminology and approach to support the implementation of such characteristics across the financial products managed by LGIM.
The Responsible Investment Framework sets out the various types of investment strategies that LGIM’s financial products can follow and the responsible investing methodologies that explain how such investment strategies are defined and implemented.
The Fund follows the following sustainability-related investment strategy:
The Future World Protection List (‘FWPL’) consists of companies that fail to meet minimum standards of globally accepted business practices on sustainability, or our minimum requirements on the carbon transition. There are three components to the list:
The Fund excludes investments in companies on FWPL. The list is monitored on an on-going basis and updated semi-annually. In order to determine the companies included on the list, we use data from a number of external ESG data providers.
Further information can be found at https://www.lgim.com/landg-assets/lgim/_document-library/capabilities/future-world-protection-list-public-methodology.pdf
The Fund excludes companies that fail to meet LGIM’s minimum requirements on climate change following engagement under Climate Impact Pledge (‘CIP’).
Further information can be found at Climate Impact Pledge overview
LGIM considers ESG factors when making investment decisions on behalf of the Fund which include a number of environmental and social factors, for example relating to:
The evaluation process starts with the identification of ESG factors using both top-down and bottom-up approaches. The top-down research analysis focuses on determining the resiliency of sectors on a macro level, while the bottom-up research process evaluates the ESG credentials of individual companies.
LGIM has developed a proprietary research tool called Active ESG View which brings together granular quantitative and qualitative ESG inputs. Active ESG View primarily uses third-party data from multiple different vendors which includes hundreds of ESG metrics (including data on carbon emissions, water and waste, environmental policies and controls, labour, health and safety, bribery and corruption) spanning 64 specific sectors and/or sub-sectors from a number of ESG data providers.
The quantitative inputs consist of two components:
LGIM set minimum thresholds for both of these components in Active ESG View. These are then supplemented by LGIM’s qualitative assessment of the sustainability risks and opportunities relating to the relevant issuer. This qualitative assessment is performed by the Global Research and Engagement Groups (“GREGs”) which bring together representatives from LGIM’s investment and investment stewardship teams across regions and asset classes. Where issuers fail to meet either of the components of the quantitative assessment, and the GREGs have reviewed and agreed with the assessment through qualitative analysis, such issuer shall be excluded from the Fund.
The sustainability indicator that will be used in relation to the attainment of the environmental and social characteristics relating to this process will measure the aggregate exposure to issuers that are not aligned with LGIM's minimum standards for ESG factor evaluation.
While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR. Accordingly, it should be noted that the investments underlying the Fund do not take into account the EU criteria for environmentally sustainable economic activities within the meaning of the Taxonomy Regulation.
While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR.
Further information on LGIM's Sustainable Investment Methodology can be found here.
The Fund considers principal adverse impacts on sustainability factors and LGIM has identified a subset of the adverse sustainability indicators that are relevant to the Fund’s investments. The Fund considers principal adverse impacts, identified using the below listed sustainability indicators, through the implementation of the Fund’s ESG investment strategy.
Legal & General (Unit Trust Managers) Limited
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LGIM Liquidity Funds Plc
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Telephone: +352 28 294 123
Email: [email protected]
The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.
Past performance is no guarantee of future results.
This fund holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell bonds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.
The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.
The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.
Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains.
Shares in the fund are not the same as deposits. The amount invested in the fund may fluctuate up or down. The fund is not protected by any national deposit protection scheme.
The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.
Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.
This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.
No investment decisions should be made without first reviewing the key investor information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.
Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.
This information is only directed at investors resident in jurisdictions where each fund is registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.
All information detailed on this website is current at the time of publication and may be changed in the future.
Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.
Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data
Issued by Legal & General Investment Management Limited as promoter and distributor for this fund in the UK.
Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.
