Legal & General Cash Trust I Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | 0.3% | -0.1% | 1.0% | 4.5% | 5.2% |
| Sector | 0.2% | -0.1% | 0.8% | 4.0% | 4.8% |
| Rank | 5/9 | 7/9 | 4/9 | 3/9 | 4/9 |
| Quartile | 2 | 3 | 2 | 1 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 3.6% | 2.2% | 1.3% | |
| Sector | 3.2% | 1.9% | 1.1% | |
| Rank | 3/9 | 3/9 | 3/7 | |
| Quartile | 1 | 1 | 2 | |
Holdings
| Stock | % Weight |
|---|---|
| Cash | 96.44 |
| UK. T-BILL. 0.00% | 2.54 |
| BANQUE POPULAIRE 5.35% C | 1.02 |
| Total | 100.00 |
Fund Aims
The objective of this fund is to maintain capital and to provide a return in line with money market rates, before charges. The fund will generally invest in short term deposits, certificates of deposit, government bonds (predominantly UK) issued in pounds sterling and Repos. In stressed market conditions, the fund may be invested up to 100% in government and public securities issued by a single issuer. The maximum maturity of the instruments the fund invests in is 397 days but the fund must maintain a weighted average maturity of less than 60 days. The bonds that the fund invests in must be investment grade (rated as lower risk). The fund may use derivatives to reduce risk or cost, or to generate additional capital or income with no, or an acceptably low, level of risk. The fund may also invest in other fixed income securities, other money market instruments and collective investment schemes.
Fund Manager
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.
ally.
Fund Overview
| Mid (20/12/2024) | 109.57p |
| Distribution yield | 5.30% |
| Underlying yield | - |
| Fund size (31/07/2024) | £2940.18m |
| Number of holdings | 71 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.15% |
| Launch date | 07/11/2005 |
Asset Allocation
| Cash and Equivalents | 96.44% | |
| UK Corporate Bonds | 2.54% | |
| Other Assets | 1.02% |
Commentary
UK economic data releases remained generally positive, albeit marginally less so than in October and November. Third-quarter economic growth was downgraded from 0.8% to 0.7%, though data from the manufacturing sector was encouraging with exports boosted by weaker sterling. However, a surge in November’s Public Sector Borrowing highlighted the poor state of UK public finances. Meanwhile concerns grew that snow-related disruption would make life even more difficult for retailers already facing a greater degree of caution among consumers. While rising food and energy costs are feeding through to inflation in many countries, UK inflation continues to cause particular concern. November’s consumer price inflation unexpectedly rose to 3.3% from October’s 3.2%, boosted by record rises in food, clothing and furniture prices. Nevertheless, despite reassurances from the Bank of England over its resolve, only one member of the central bank’s Monetary Policy Committee continued to vote to raise interest rates, with the other members favouring no change. The sole dissenter, Dr Andrew Sentence, warned that consumer price inflation is set to rise to 4.0% this year, double its official target. Meanwhile, the Eurozone debt debacle rumbled on, with speculation growing that the crisis could force countries such as Portugal to accept assistance, though the market’s real concern remains that the crisis is moving ever closer to ‘core’ countries. Against this backdrop, three-month sterling LIBOR rose from 0.7415% to 0.7575%.
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| Cash and Equivalents | 96.44% | |
| UK Corporate Bonds | 2.54% | |
| Other Assets | 1.02% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Cash and Equivalents | 96.44% | - | - | - | |
| Bonds | 2.54% | - | - | - | |
| Non-Classified | 1.02% | - | - | - | |
Regional Allocation
| Cash and Equivalents | 96.44% | |
| UK | 2.54% | |
| Non-Classified | 1.02% |
Fixed Interest Currencies
| Cash | 96.44% | |
| Pound Sterling | 2.54% | |
| Non-Fixed Interest Assets | 1.02% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Cash and Equivalents | 96.44% | - | |
| UK | 2.54% | - | |
United Kingdom
|
- | 2.54% | |
| Non-Classified | 1.02% | - | |
Asset Allocation
| 0 to 7 days | 37.49% | |
| 1 to 3 months | 32.95% | |
| 3 to 6 months | 15.87% | |
| 7 days to 1 month | 9.53% | |
| 6 to 12 months | 4.13% |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
2.54% |
| Cash And Equivalents |
|
96.44% |
| Unknown Maturity |
|
1.02% |
Fixed Interest Quality Profile
| Unknown Quality |
|
2.54% |
| Cash and Equivalents |
|
96.44% |
| Other Asset Types |
|
1.02% |
Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Cash | 96.44% | Cash and Equivalents | Cash and Equivalents |
| 2 | UK. T-BILL. 0.00% | 2.54% | Bonds | United Kingdom |
| 3 | BANQUE POPULAIRE 5.35% C | 1.02% | Non-Classified | Non-Classified |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B0CNHB6 |
| Mex Code | LGCTIA |
| Isin Code | GB00B0CNHB64 |
| Citi Code | LQ61 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.15% |
Aims and Benchmark
| Aims | The objective of this fund is to maintain capital and to provide a return in line with money market rates, before charges. The fund will generally invest in short term deposits, certificates of deposit, government bonds (predominantly UK) issued in pounds sterling and Repos. In stressed market conditions, the fund may be invested up to 100% in government and public securities issued by a single issuer. The maximum maturity of the instruments the fund invests in is 397 days but the fund must maintain a weighted average maturity of less than 60 days. The bonds that the fund invests in must be investment grade (rated as lower risk). The fund may use derivatives to reduce risk or cost, or to generate additional capital or income with no, or an acceptably low, level of risk. The fund may also invest in other fixed income securities, other money market instruments and collective investment schemes. |
| Benchmark | IA Short Term Money Market Sector |
| Benchmark Category | - |
| IA Sector | Short Term Money Market |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | Unit Trust |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | No |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Interest |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 05 November | 05 January |
| 05 February | 05 April |
| 05 May | 05 July |
| 05 August | 05 October |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 2.70% | Assuming a growth rate of 7.00% |
|---|---|
| 2.20% | - |
Fund Administration
| Fund Trustee/Depository | The Northern Trust Company |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | The Northern Trust Company |
Group Details
| Group name | Legal & General Unit Trust Managers Limited |
| Group address | Legal & General One Coleman Street London EC2R 5AA |
| Group telephone | 0370 050 0955 |
| Dealing telephone | - |
| investments@landg.com | |
| Homepage | www.lgim.com |
| Fax number | - |
Dealing
| Minimum Investment | £500000 |
| Minimum Top Up | £20000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 0.10 |
| Beta | 1.00 |
| Sharpe | 0.10 |
| Standard Deviation | 0.57 |
| Info Ratio | 1.53 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | Yes |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Solvency of Depository
The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.