Unit-Linked Life Insurance

Cash Fund

Fund facts

Fund size
£1,978.2m
Base currency
GBP
Launch date
Jul 1996
Domicile
United Kingdom

Statistics

Weighted average maturity
4 days

As at 30 Jun 2019

Fund aim

Reference Index

Fund characteristics

Fund updates

Performance

Source: LGIM

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Jun 2019

    Cumulative Fund Benchmark
    Quarterly 0.18 0.14
    6 months 0.35 0.28
    Year to date 0.35 0.28
    Annualised Fund Benchmark
    1 year 0.68 0.56
    3 years 0.43 0.33
    5 years 0.44 0.34
    Since launch 3.07 3.04
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 June 2015 2016 2017 2018 2019
    Fund 0.45 0.46 0.25 0.35 0.68
    Benchmark 0.36 0.36 0.14 0.28 0.56

    Calendar year performance (%)

    2014 2015 2016 2017 2018
    Fund 0.45 0.45 0.37 0.24 0.55
    Benchmark 0.35 0.36 0.26 0.16 0.46

    Monthly performance (%)

    Annualised performance (%)

    Annualised 1 year 3 years 5 years Since launch
    Fund 0.68 0.43 0.44 3.07
    Benchmark 0.56 0.33 0.34 3.04

    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 30 Jun 2019. All data source LGIM unless otherwise stated. Totals may not sum due to rounding.

    Days to maturity (%)

    0 to 7 days 90.0
    7 days to 1 month 7.5
    1 to 3 months 2.5

    Credit rating (%)

    AA 10.0
    AA- 30.6
    A+ 15.0
    A 34.2
    Cash 1.7
    PMC Loan 8.5
    Top 10 issuers 82.2
    Rest of portfolio 17.8

    Top 10 issuers (%)

    UK Treasury 10.0
    National Bank of Canada 8.5
    DZ Bank Ag 8.5
    Bank of China London 8.5
    Lloyds Bank Plc 8.5
    Aust & NZ Bk Melbourne 8.5
    PMC Loan 8.5
    Bank Of Tokyo-Mitsub Ldn 7.5
    United Overseas Bk Sing 7.0
    First Abu Dhabi Bank Pjs 6.6

    Country (%)

    United Kingdom 28.7
    Japan 13.0
    France 10.6
    Australia 8.5
    Canada 8.5
    China 8.5
    Germany 8.5
    Singapore 7.0
    United Arab Emirates 6.6

    Fund Manager

    LGIM Liquidity Team Management

    LGIM has a team-based approach to liquidity management which forms a strategic part of our asset management capability drawing on the expertise of over 70 investment professionals from our liquidity and fixed income teams globally.

    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
    660.80p
    Mid price
    660.80p
    Offer price
    660.80p
    Absolute change
    -
    Currency
    GBP
    As at
    10 Oct 2019
    Name
    Charges included
    Bid price
    641.76p
    Mid price
    641.76p
    Offer price
    641.76p
    Absolute change
    -
    Currency
    GBP
    As at
    10 Oct 2019
    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
    660.91p
    Dealing price
    660.91p
    Absolute change
    -
    Currency
    GBP
    As at
    17 Oct 2019
    Name
    Charges included
    Mid price
    641.84p
    Dealing price
    641.84p
    Absolute change
    -
    Currency
    GBP
    As at
    17 Oct 2019
    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
    660.91p
    Dealing price
    660.91p
    Absolute change
    -
    Currency
    GBP
    As at
    18 Oct 2019
    Name
    Charges included
    Mid price
    641.84p
    Dealing price
    641.84p
    Absolute change
    -
    Currency
    GBP
    As at
    18 Oct 2019
    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.