PMCs

Unit-Linked Life Insurance

Sterling Liquidity Plus Fund

Fund codeYAAK

Fund aim

The investment objective of the fund is to preserve capital over a 6 to 12-month horizon and generate an annual return above SONIA (Sterling Overnight Index Average) over the course of a market cycle.

Fund facts

Fund size£479.5m
Base currencyGBP
DomicileUnited Kingdom
Share class launch01/03/18
Weighted average maturity91 days
As at 31 Dec 2023

Reference

SONIA

Performance

Source: LGIM. Performance is reported in GBP based on weekly mid-market prices before the deduction of fees.
Please note that with effect from 30 September 2021 the reference index was amended from 3 Month GBP ICE LIBOR. The benchmark displayed in the tables opposite is a composite of the previous index and the current index which have been chain linked for reporting purposes.
Past performance is not a guide to future performance and the value of investments can go down as well as up.
Share class launch date:01 Mar 2018
Reference Index:SONIA
Share class launch date:01 Mar 2018
Reference Index:SONIA
    Share class launch date:01 Mar 2018
    Reference Index:SONIA

    Portfolio breakdown

    As at 31 Dec 2023

    Top 10 issuers45.8%
    Rest of portfolio54.2%

    Top 10 issuers (%)

    LGIM Sterling Liquidity Fund9.8
    Bank of Nova Scotia4.5
    Lloyds Banking Group4.4
    Royal Bank of Canada4.3
    Canadian Imperial Bank4.1
    National Australia Bank3.9
    Toronto Dominion Bank3.8
    BFCM3.7
    ING Bank3.6
    BRED Banque Populaire3.5

    Asset (%)

    Certificate of Deposit
    37.6
    Floating Rate Notes
    35.4
    Commercial Paper
    15.7
    Liquidity Fund
    9.8
    Deposit (Overnight)
    1.4

    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.

    Literature

    Prices

    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.

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    Monthly price history

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