LGIM Liquidity Funds plc (UCITS compliant)

LGIM US Dollar Liquidity Fund

Fund facts

Fund size
$1,541.5m
Base currency
USD
Launch date
21 Sep 2011
Domicile
Ireland
Share class launch

Statistics

Weighted average maturity
45 days
Weighted average final maturity
45 days

As at 31 Jul 2019

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

7 Day USD LIBID

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
  • Aims to provide capital stability, liquidity and diversification while providing a competitive level of return
  • Invests in high quality US dollar short-term fixed income and variable rate securities
  • Diversifies risk across a range of financial institutions, sovereign and corporate issuers
  • The LGIM US Dollar Liquidity Fund is a Short-Term Low-Volatility Net Asset Value (LVNAV) Money Market Fund.  LVNAV funds are valued using mark-to-market accounting and where appropriate an amortised cost method.  Valuations may fluctuate according to market interest rates, changing credit spreads and other credit events

Fund updates

Portfolio

As at 31 Jul 2019. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

Asset (%)

Commercial Paper 37.5
Certificate of Deposit 34.1
Deposit (Overnight) 24.7
Repurchase Agreement 3.7

Days to maturity (%)

Overnights 32.5
7 days to 1 month 10.6
1 to 3 months 44.9
3 to 6 months 12.0

Credit rating (%)

AAA 9.3
AA 4.6
AA- 26.0
A+ 30.3
A 29.8

Source: Standard & Poor's

Top 10 issuers 40.4
Rest of portfolio 59.6

Top 10 issuers (%)

EIB 4.7
Lloyds Banking Group 4.4
BNP Paribas 4.4
Rabobank 4.4
Nationwide Building Society 4.0
Bank of Montreal 3.7
Standard Chartered 3.7
United States Treasury* 3.7
Helaba 3.7
Wells Fargo & Company 3.7

*Includes reverse repurchase agreements collateralised with US Treasury issuance.

Country (%)

United Kingdom 14.6
France 13.8
Germany 12.4
Japan 9.6
Netherlands 9.0
Corporate 8.7
United States 7.5
Singapore 6.2
United Arab Emirates 4.3
Other 13.9

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)
1.0001
Difference
0.0001
Currency
USD
Price time
17:00 Irish time
Name
1 USD
NAV (LVNAV)
1.00
NAV (Mark to Market)
1.0001
Difference
0.0001
Currency
USD
Price time
17:00 Irish time
Name
3 USD
NAV (LVNAV)
1.00
NAV (Mark to Market)
1.0001
Difference
0.0001
Currency
USD
Price time
17:00 Irish time

Further details

Costs

Price basis
Single - mid
Initial charge
0.00%
Ongoing charges figure
0.10%
Min. investment
$30,000,000

Codes

ISIN
IE00B42XXY94
SEDOL
-
Bloomberg
LGUSLI4 ID
MEX
-

Dealing information

Valuation frequency Daily, 17:00 Irish time
Dealing frequency Each Business Day
Settlement period T+0

Country registration

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

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
George’s Court, 54-62 Townsend Street
Dublin 2, Ireland.
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.

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

Information for all Collectives is issued by Legal & General Investment Management Limited (‘LGIM’). It is a MiFID II compliant investment management firm that acts as Promoter and Distributor to a range of EU domiciled UCITS umbrella companies and a range of UK domiciled UCITS and Non UCITS Retail Schemes. LGIM also acts has been appointed as the Investment Manager of these funds.

Legal & General Investment Management Limited 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