LGIM Liquidity Funds plc (UCITS compliant)

LGIM Sterling Liquidity Plus Fund

ISIN

Fund facts

Fund size
£4,093.3m
Base currency
GBP
Launch date
6 Sep 2016
Domicile
Ireland
Share class launch

Statistics

Weighted average maturity
108 days
Weighted average final maturity
318 days

As at 31 Oct 2021

Fund aim

To preserve capital and to generate income.

Benchmark

SONIA

Fund ratings

In addition to LGIM’s risk management oversight, the Fund is rated by the following agencies:

  • What does it invest in? Invests in short-term assets which are issued by governments, high quality banks and companies which are issued in sterling or hedged back to sterling.
  • How does it invest? Actively managed, investing in money market instruments including certificates of deposit, commercial paper and treasury bills. May also invest in fixed and floating rate securities, open ended funds and deposits.

Further details

Costs

Dilution levy
0.06%- round trip

Codes

Dealing information

Valuation frequencyDaily, 16:00 Irish time
Dealing frequencyEach Business Day
Settlement periodT+2

Country registration

This share class is registered for sale in the following countries:

Fund updates

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Oct 2021

    CumulativeFund
    6 Months-
    Year to date-
    3 years-
    5 years-
    AnnualisedFund
    1 year-
    3 years-
    5 years-

    As at 30 Sep 2021

    CumulativeFund
    6 Months-
    Year to date-
    3 years-
    5 years-
    AnnualisedFund
    1 year-
    3 years-
    5 years-
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    12 months to 30 September 2017 2018 2019 2020 2021
    Benchmark-----

    Calendar year performance (%)

    2016 2017 2018 2019 2020
    Benchmark-----

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 years
    Fund---

    Annualised performance (%)

    1 year3 years5 years
    Fund---

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    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 guide to the future.

    Portfolio

    As at 31 Oct 2021. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Asset (%)

    Certificate of Deposit43.2
    Floating Rate Notes29.0
    Commercial Paper11.0
    Liquidity Fund9.8
    Deposit (Overnight)7.0

    Days to maturity (%)

    0 to 7 days16.6
    7 days to 6 months39.0
    6 to 12 months22.2
    1 to 3 years11.1
    3+ years11.1

    Credit rating (%)

    AAA12.1
    AA+0.8
    AA0.8
    AA-17.0
    A+41.7
    A26.6
    A-1.0

    Source: Standard & Poor's

    Top 10 issuers43.7
    Rest of portfolio56.3

    Top 10 issuers (%)

    LGIM Sterling Liquidity Fund9.8
    Canadian Imperial Bank4.4
    Royal Bank of Canada4.2
    UBS4.0
    Sumitomo Mitsui Banking Corp3.9
    BNP Paribas3.7
    GOLDMAN SACHS IN B3.7
    Mizuho Corporate Bank3.5
    Transport for London3.5
    Bank of Nova Scotia3.2

    Country (%)

    United Kingdom28.1
    Canada15.6
    France14.2
    Japan13.1
    Switzerland4.6
    Australia4.3
    Netherlands4.2
    Sweden4.2
    Germany3.9
    Other7.6

    Fund Manager

    Liquidity Management

    Liquidity Management (within Global Trading and Liquidity Management) forms a strategic part of our asset management capability incorporating liquidity management and secured funding.

    Literature

    Prices

    This share class is not currently pricing.
    Name
    4 GBP Acc
    Mid price
    1027.57p
    Change (%)
    0
    Currency
    GBP
    Price time
    16:00 Irish time
    Name
    1 GBP Acc
    Mid price
    1030.64p
    Change (%)
    0.00097
    Currency
    GBP
    Price time
    16:00 Irish time
    Name
    2 GBP Acc
    Mid price
    999.92p
    Change (%)
    0
    Currency
    GBP
    Price time
    16:00 Irish time
    Name
    3 GBP Acc
    Mid price
    -
    Change (%)
    -
    Currency
    GBP
    Price time
    16:00 Irish time
    Name
    n/a
    Mid price
    n/a
    Change (%)
    n/a
    Currency
    n/a
    Price time
    n/a

    For valuations and account queries contact:

    Legal & General (Unit Trust Managers) Limited
    PO Box 6080
    Wolverhampton
    WV1 9RB
    Tel : 0370 050 0955
    Email: [email protected]

    Legal & General ICAV
    LGIM Liquidity Funds Plc

    Northern Trust International Fund Administration Services (Ireland) Limited
    City East Plaza - Block A
    Towlerton
    Ballysimon Road
    Limerick
    Ireland
    V94 X2N9
    Fax: +353 1 434 5293
    Telephone: +353 1 434 5080
    Email: [email protected]

    Legal & General SICAV
    Northern Trust Global Services SE
    6 rue Lou Hemmer
    L-1748 Senningerberg
    Grand-Duché de Luxembourg
    Facsimile: +352 276 222 150
    Telephone: +352 276 222 514
    Email: [email protected]

    Key risks

    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.

    Important information

    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 and third party data

    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

    Issuer

    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.