Collectives

LGIM Liquidity Funds plc (UCITS compliant)

LGIM Sterling Liquidity Fund

4-Class GBP

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, sterling 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.
  • 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&PAAAm
Moody'sAaa-mf
FitchAAAmmf

Fund facts

Fund size£35,733.9m
Base currencyGBP
Fund launch date9 Jan 2008
DomicileIreland
Share class launch13 Oct 2008
Weighted average maturity45 days
Weighted average final maturity66 days
As at 31 Jan 2024
Daily yield*5.30%
*As at 07 Mar 2024

Benchmark

Sterling Overnight Index Average

Costs

Initial charge0.00%
Ongoing charges figure0.10%

Portfolio breakdown

As at 31 Jan 2024

Top 10 issuers57.4%
Rest of portfolio42.6%

Top 10 issuers (%)

United Kingdom Treasury*19.9
BRED Banque Populaire4.9
BNP Paribas4.6
Mizuho Corporate Bank4.5
Bank of Tokyo Mitsubishi UFJ4.5
First Abu Dhabi Bank4.0
Sumitomo Mitsui Trust Bank4.0
Goldman Sachs4.0
BFCM3.6
Nordea Bank3.4
*Includes reverse repurchase agreements collateralised with UK Treasury issuance.

Asset (%)

Certificate of Deposit
51.9
Repurchase Agreement
17.6
Floating Rate Notes
11.0
Commercial Paper
10.6
Deposit (Overnight)
8.9

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

Environmental characteristics
Social characteristics

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.

Literature

Prices

Pricing information

Price basisSingle - mid
Price time14:00 Irish time
CurrencyGBP
Monthly price history
Please note that a maximum of 10 years price history is available.

Codes and dealing

Codes

ISINIE00B29R7C68
SEDOL-
BloombergLGSTLI4 ID
MEX-

Dealing information

Valuation frequencyDaily, 14:00 Irish time
Dealing frequencyEach Business Day
Settlement periodT+0

Country registration

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

Ireland
United Kingdom