Collectives

LGIM Liquidity Funds plc (UCITS compliant)

LGIM Sterling Liquidity Fund

4-Class GBP

ISINIE00B29R7C68

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%

Performance scenarios

The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product with input from the over the last 10 years. Markets could develop very differently in the future.

Example investment: 10,000 GBP

Scenarios(Recommended holding period) 0.01 years
Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress scenario
What you might get back after costs10,000 GBP
Unfavourable scenario10,000 GBP
Moderate scenario
What you might get back after costs10,000 GBP
Favourable scenario10,000 GBP

Portfolio breakdown

As at 31 Jan 2024

Created with @product.name@ @product.version@Highcharts.com
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.
Created with @product.name@ @product.version@Highcharts.com

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.

SFDR categorisation

SFDR Product Summary

LGIME PAI entity report

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

Download full 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

For valuations and account queries contact:

Legal & General ICAV
Legal & General CCF
LGIM Liquidity Funds Plc

Northern Trust International Fund Administration Services (Ireland) Limited
City East Plaza - Block A
Towlerton
Ballysimon Road
Limerick
Ireland
V94 X2N9
Fax: +353 1 434 5293
Telephone: +353 1 434 5080
Email: LGIM_ta_queries@ntrs.com

Legal & General SICAV
Northern Trust Global Services SE
10 Rue du Château d'Eau
L-3364 Leudelange
Grand-Duché de Luxembourg
Fax: +352 28 294 454
Telephone: +352 28 294 123
Email: LGIM-TA-LUX@ntrs.com

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 not a guide to the future.

This fund holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell bonds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.

The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.

The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.

Shares in the fund are not the same as deposits. The amount invested in the fund may fluctuate up or down and you bear the risk of any loss of investment. The fund is not protected by any national deposit protection scheme.

Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.

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 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.

Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.

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

Issued by LGIM Managers (Europe) Limited as management company for this fund. Registered in Ireland No. 609677. Registered Office: 33/34 Sir John Rogerson’s Quay, Dublin, 2, Ireland. Authorised and Regulated by the Central Bank of Ireland No. C173733.

Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and 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.

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