Unit Trust (UK UCITS compliant)

Legal & General Cash Trust

Fund facts

Fund size
£2,162.2m
Base currency
GBP
Launch date
23 Sep 1992
Domicile
UK
Share class launch

Statistics

Distribution yield
0.0%
Weighted average maturity
51 days

As at 31 Oct 2021

Fund aim

The objective of this Fund is to maintain capital and to provide a return in line with money market rates, before charges.

Benchmark

IA Short Term Money Market NR

Sector

IA Short Term Money Market NR

  • What does it invest in? Invests in short term deposits, certificates of deposit, government bonds denominated in sterling and repos.
  • How does it invest? Actively managed, with a requirement to maintain a weighted average maturity of less than 60 days and all investments having an investment grade (lower risk) credit rating.

Further details

Costs

Price basis
Single swing
Initial charge
0.00%
Ongoing charges figure
0.15%
Dilution adjustment
0.00%- round trip

Codes

ISIN
GB00B0CNHB64
SEDOL
B0CNHB6
Bloomberg
LEGCAIA
MEX
LGCTIA

Dealing information

Valuation frequencyDaily, 12pm (UK time)
Dealing frequencyDaily
Settlement periodT+1

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

    CumulativeFundIA Sector
    1 month-0.03-0.02
    6 months-0.06-0.06
    Year to date-0.10-0.11
    3 years0.900.56
    5 years1.550.89
    Since launch17.92-
    AnnualisedFundIA Sector
    1 year-0.10-0.13
    3 years0.300.19
    5 years0.310.18
    Since launch1.04-

    As at 30 Sep 2021

    CumulativeFundIA Sector
    Quarterly-0.02-0.02
    Year to date-0.07-0.09
    3 years1.000.63
    5 years1.590.92
    Since launch17.96-
    AnnualisedFundIA Sector
    1 year-0.08-0.12
    3 years0.330.21
    5 years0.320.18
    Since launch1.04-
    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
    Fund0.190.400.680.40-0.08
    IA Sector0.050.230.490.26-0.12

    Calendar year performance (%)

    2016 2017 2018 2019 2020
    Fund0.210.200.510.660.23
    IA Sector0.160.050.330.500.10

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-0.100.300.311.04
    IA Sector-0.130.190.18-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-0.080.330.321.04
    IA Sector-0.120.210.18-

    Performance for the I Acc unit class in GBP, launched on 07 November 2005. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the I Inc unit class in GBP, launched on 27 March 2019. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the L Acc unit class in GBP, launched on 28 April 2016. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the R Acc unit class in GBP, launched on 23 September 1992. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 21 December 1977. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. Performance assumes that the average basic annual management charge our customers pay has been deducted. This is 0.90% for internal funds and up to 2.00% for external funds. Your charge and therefore your fund performance may be different from this.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 21 December 1977. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 26 October 2018. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund. Performance assumes that the average basic annual management charge our customers pay has been deducted. This is 0.90% for internal funds and up to 2.00% for external funds. Your charge and therefore your fund performance may be different from this.

    Past performance is not a guide to the future.

    Performance for the unit class in GBP, launched on 26 October 2018. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after 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 (%)

    Cash100.0

    Days to maturity (%)

    0 to 7 days49.0
    7 days to 1 month3.0
    1 to 3 months12.1
    3 to 6 months33.7
    6 to 12 months2.3

    Credit rating (%)

    AA-17.7
    A+44.1
    A37.3
    Cash0.8

    Source: Standard & Poor's

    Top 10 issuers64.2
    Rest of portfolio35.8

    Top 10 issuers (%)

    Cooperatieve Rabobank UA9.1
    Nationwide Building Society9.1
    Bank of Tokyo Mitsubishi London9.1
    First Abu Dhabi PJSC UK7.5
    DZ Bank AG6.8
    Mizuho Corp Bank Ltd4.6
    Sumitomo Mitsui Trust Bank Ltd4.6
    Lloyds Bank Plc4.6
    Banque Fed Cred Mutuel4.6
    Societe Generale London4.3

    Country (%)

    Japan21.6
    United Kingdom20.8
    Netherlands13.7
    France13.2
    United Arab Emirates8.4
    Germany6.8
    Canada3.6
    Sweden3.4
    United States3.0
    Other5.5

    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

    Income

    Latest dividends

    The latest dividends are shown below. The historic level of income generated by this fund may go down as well up and will vary over time.

    of

    Dividend history

    Total dividends paid in each financial year of the fund.

    Prices

    Name
    I GBP Acc
    Price
    98.39p
    Change (%)
    0
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    I GBP Inc
    Price
    49.96p
    Change (%)
    0
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    R GBP Acc
    Price
    94.66p
    Change (%)
    0
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    L GBP Acc
    Price
    51.25p
    Change (%)
    0
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    158.60p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    1211.40p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    158.63p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time
    Name
    GBP
    Price
    1214.88p
    Change (%)
    -
    Currency
    GBP
    Price time
    12:00 UK time

    A single swing price is displayed from 1st December 2020. Prior to this date, Bid and Offer prices are displayed for those funds that were previously dual priced.

    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.

    When interest rates are low or negative and if the fund’s income is not enough to pay charges, the fund’s capital will be used instead. This may cause capital erosion and the value of the fund to fall.

    Where interest rates are negative, you may not receive interest payments and the value of your fund may decrease.

    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 has money on deposit with companies such as banks or other financial institutions and invests in bonds which are issued by the government. If these companies or the government 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 your 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.

    This fund is not the same as a bank or building society account. Your money is not protected under the UK deposit protection scheme.

    We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.

    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.