LGIM Liquidity Funds plc (UCITS compliant)

LGIM US Dollar Liquidity Fund

ISIN

Fund facts

Fund size
$2,636.5m
Base currency
USD
Launch date
21 Sep 2011
Domicile
Ireland
Share class launch

Statistics

Weighted average maturity
46 days
Weighted average final maturity
46 days

As at 31 Oct 2021

Fund aim

To provide capital stability and a return in line with money market rates whilst providing daily access to liquidity and providing an income. The Fund seeks to maintain a AAA rating, which is the highest fund rating available.

Benchmark

Secured Overnight Financing Rate

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, US dollar based assets which are issued by governments, high quality banks and companies.
  • How does it invest? Actively managed, investing in deposits, short-term debt securities and money market instruments that mature within 397 days and have been awarded one of the two highest available short-term credit ratings by each recognised credit rating agency. May also invest in eligible short-term securitisations.

Further details

Costs

Codes

Dealing information

Valuation frequencyDaily, 17:00 Irish time
Dealing frequencyEach Business Day
Settlement periodT+0

Country registration

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

Fund updates

Portfolio

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

Asset (%)

Certificate of Deposit31.2
Commercial Paper29.2
Deposit (Overnight)29.1
Repurchase Agreement7.6
Government US2.9

Days to maturity (%)

Overnight40.5
2 to 7 days0.7
7 days to 1 month7.4
1 to 3 months35.8
3 to 6 months15.6

Credit rating (%)

AAA1.9
AA+10.7
AA14.3
AA-20.2
A+24.0
A28.9

Source: Standard & Poor's

Top 10 issuers43.5
Rest of portfolio56.5

Top 10 issuers (%)

United States Treasury*7.6
BRED Banque Populaire5.0
Australia & New Zealand Banking Group4.2
National Australia Bank4.0
Bank of Montreal3.8
BNP Paribas3.8
National Bank of Canada3.8
ABN Amro3.8
Mizuho Corporate Bank3.8
ACOSS3.8

*Includes reverse repurchase agreements collateralised with US Treasury issuance.

Country (%)

Japan17.1
Australia16.7
France16.4
United States13.3
Canada10.5
United Kingdom9.0
Germany5.2
Netherlands4.8
United Arab Emirates3.8
Finland3.2

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

Name
4 USD
NAV (LVNAV)
1.00
NAV (Mark to Market)
1.0000
Difference
0.0000
Currency
USD
Price time
17:00 Irish time
Name
1 USD
NAV (LVNAV)
1.00
NAV (Mark to Market)
1.0000
Difference
0.0000
Currency
USD
Price time
17:00 Irish time
Name
3 USD
NAV (LVNAV)
1.00
NAV (Mark to Market)
1.0000
Difference
0.0000
Currency
USD
Price time
17:00 Irish time

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.

Shares in the fund are not the same as deposits. The amount invested in the fund may fluctuate up or down and you bear the risk of any loss of investment. The fund is not protected by any national deposit protection scheme.

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.