LGIM Euro Liquidity Fund
LGIM Liquidity Funds plc (UCITS compliant)
LGIM Euro Liquidity Fund
4-Class EUR
ISINIE00BF2WZ587
ISINIE00BF2WZ587
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.
Fund snapshot
- What does it invest in? Invests in short-term, euro based assets issued by governments, high quality banks and companies.
- How does it invest? Actively managed, investing in deposits, short-term 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.
- Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics. Further information on how such characteristics are met by the Fund can be found in the Supplement.
Fund ratings
In addition to LGIM’s risk management oversight, the Fund is rated by the following agencies:
| S&P | AAAm |
| Moody's | Aaa-mf |
| Fitch | AAAmmf |
Fund facts
| Fund size | €1,833.9m |
| Base currency | EUR |
| Fund launch date | 20 Jun 2017 |
| Domicile | Ireland |
| Share class launch | 4 Oct 2018 |
| Weighted average maturity | 40 days |
| Weighted average final maturity | 49 days |
| Daily yield* | 3.89% |
| *As at 07 Mar 2024 |
Benchmark
Euro Short Term Rate
EONIA used to end of October 2019.
Costs
| Initial charge | 0.00% |
| Ongoing charges figure | 0.10% |
Portfolio breakdown
As at 31 Jan 2024
| Top 10 issuers | 49.4% |
|---|---|
| Rest of portfolio | 50.6% |
Top 10 issuers (%)
| Sumitomo Mitsui Banking Corp | 8.2 |
| KBC Bank | 7.4 |
| BRED Banque Populaire | 6.5 |
| BFCM | 5.5 |
| DZ Bank | 4.3 |
| Bank of Montreal | 3.8 |
| Bank of Nova Scotia | 3.5 |
| Mizuho Corporate Bank | 3.5 |
| Goldman Sachs | 3.5 |
| Toronto Dominion Bank | 3.3 |
Asset (%)
Certificate of Deposit | 37.9 |
Deposit (Overnight) | 36.3 |
Commercial Paper | 19.7 |
Floating Rate Notes | 6.2 |
| Top 10 issuers | 49.4% |
|---|---|
| Rest of portfolio | 50.6% |
Top 10 issuers (%)
| Sumitomo Mitsui Banking Corp | 8.2 |
| KBC Bank | 7.4 |
| BRED Banque Populaire | 6.5 |
| BFCM | 5.5 |
| DZ Bank | 4.3 |
| Bank of Montreal | 3.8 |
| Bank of Nova Scotia | 3.5 |
| Mizuho Corporate Bank | 3.5 |
| Goldman Sachs | 3.5 |
| Toronto Dominion Bank | 3.3 |
Asset (%)
Certificate of Deposit | 37.9 |
Deposit (Overnight) | 36.3 |
Commercial Paper | 19.7 |
Floating Rate Notes | 6.2 |
Credit rating (%)
| AAA | 2.8 | |
| AA- | 18.9 | |
| A+ | 49 | |
| A | 29.3 |
Country (%)
France | 17.3 |
Japan | 16.8 |
Canada | 14.0 |
Belgium | 9.2 |
United Kingdom | 8.6 |
Netherlands | 7.0 |
United States | 5.9 |
Germany | 4.4 |
Australia | 4.2 |
Other | 12.8 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding.
Fund managers
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.
Sustainability
SFDR categorisation
Article 8
Environmental characteristics
Social characteristicsNo 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.
Environmental characteristicsSocial characteristicsNo 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:
LGIM’s Future World Protection List
LGIM’s Climate Impact Pledge
ESG Factor EvaluationTaxonomy
Sustainable InvestmentsPrincipal Adverse ImpactsLiterature
Document type
Prices
Pricing information
| Price basis | Single - mid |
| Price time | 13:00 Irish time |
| Currency | EUR |
Codes and dealing
Codes
| ISIN | IE00BF2WZ587 |
| SEDOL | - |
| Bloomberg | LGEUL4A ID |
| MEX | - |
Dealing information
| Valuation frequency | Daily, 13:00 Irish time |
| Dealing frequency | Each Business Day |
| Settlement period | T+0 |
Country registration
This share class is registered for sale in the following countries:
