Unit-Linked Life Insurance

Cash Fund

Fund facts

Fund size
£1,717.3m
Base currency
GBP
Launch date
Jul 1996
Domicile
United Kingdom

Statistics

Weighted average maturity
8 days

As at 31 Mar 2020

Fund aim

Reference Index

Fund characteristics

Fund updates

Performance

Source: LGIM

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Mar 2020

    CumulativeFundBenchmark
    Quarterly0.160.11
    6 months0.340.25
    Year to date0.160.11
    AnnualisedFundBenchmark
    1 year0.700.54
    3 years0.540.42
    5 years0.480.37
    Since launch3.002.96
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    12 months to 31 March 2016 2017 2018 2019 2020
    Fund0.460.320.290.620.70
    Benchmark0.360.200.220.510.54

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund0.450.370.240.550.72
    Benchmark0.360.260.160.460.57

    Monthly performance (%)

    Annualised performance (%)

    Annualised1 year3 years5 yearsSince launch
    Fund0.700.540.483.00
    Benchmark0.540.420.372.96

    Performance is reported in GBP based on weekly mid-market prices before the deduction of fees.

    Performance is reported in GBP based on weekly mid-market prices before the deduction of fees.

    Performance is reported in GBP based on weekly mid-market prices after the deduction of our standard investment management fees.

    Past performance is not a guide to future performance and the value of investments can go down as well as up.

    Portfolio

    As at 31 Mar 2020. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Days to maturity (%)

    0 to 7 days58.0
    7 days to 1 month24.4
    1 to 3 months17.5

    Credit rating (%)

    AA17.5
    AA-16.9
    A+27.3
    A29.6
    Cash & equiv.8.7
    Top 10 issuers89.0
    Rest of portfolio11.0

    Top 10 issuers (%)

    UK Treasury17.5
    Credit Agricole CIB London8.7
    Bank of Montreal8.7
    DZ Bank AG8.7
    Bank of Tokyo-Mitsub Ldn8.1
    National Bank of Canada8.1
    PMC Loan8.1
    Bred - Banque Populaire7.6
    Sumitomo Mitsui Banking7.5
    Landesbank Hessen-Thurin5.8

    Country (%)

    United Kingdom26.2
    France18.6
    Canada16.9
    Japan15.6
    Germany14.5
    Singapore4.1
    United Arab Emirates4.1

    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.

    Prices

    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close, daily close, or daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a weekly close, daily close, or daily midday basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.
    Units can be purchased, sold or switched on a designated dealing day. This fund is offered on a basis. Further information is available in the relevant operational procedures sheet and the Description of Funds.

    Weekly close

    Name
    Primary
    Bid price
    663.22p
    Mid price
    663.22p
    Offer price
    663.22p
    Absolute change
    -
    Currency
    GBP
    As at
    23 Jun 2020
    Name
    Charges included
    Bid price
    643.54p
    Mid price
    643.54p
    Offer price
    643.54p
    Absolute change
    -
    Currency
    GBP
    As at
    23 Jun 2020
    Name
    -
    Bid price
    -
    Mid price
    -
    Offer price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Bid price
    -
    Mid price
    -
    Offer price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Bid price
    -
    Mid price
    -
    Offer price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -

    Weekly dealt funds are valued at the local market close on the day preceding the dealing day.

    Daily close

    Name
    Primary
    Mid price
    663.24p
    Dealing price
    663.24p
    Absolute change
    -
    Currency
    GBP
    As at
    30 Jun 2020
    Name
    Charges included
    Mid price
    643.54p
    Dealing price
    643.54p
    Absolute change
    -
    Currency
    GBP
    As at
    30 Jun 2020
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -

    Daily close dealt funds are valued at the local market close on the dealing day.

    Daily midday

    Name
    Primary
    Mid price
    663.24p
    Dealing price
    663.24p
    Absolute change
    -
    Currency
    GBP
    As at
    1 Jul 2020
    Name
    Charges included
    Mid price
    643.54p
    Dealing price
    643.54p
    Absolute change
    -
    Currency
    GBP
    As at
    1 Jul 2020
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -
    Name
    -
    Mid price
    -
    Dealing price
    -
    Absolute change
    -
    Currency
    GBP
    As at
    -

    Daily midday dealt funds are valued at the 12:00 (UK time) on the dealing day.

    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

    All performance periods over a year will be annualised.

    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 Information Document, the Key Features Document and Description of Funds 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.

    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 and General Assurance (Pensions 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 Pension and Life Funds is issued by Legal and General Assurance (Pensions Management) Limited (‘PMC’). It is a life insurance company which carries on linked insurance business. As part of that business, it holds investments divided into separate sub-funds known as PF Sections. The value of each Policy that it issues is determined by reference to the value of one or more of the PF Sections. Legal & General Investment Management Limited, has been appointed as the investment manager of these PF Sections and is authorised and regulated by the Financial Conduct Authority. LGIM also provides investment and marketing services to PMC.

    Legal and General Assurance (Pensions Management) Limited is Registered in England and Wales No. 01006112.  Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, No. 202202.