Fact sheet: L&G Cash Trust

Fund information
Fund name
L&G Cash Trust I Acc
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund managers
  • Jennifer Gillespiesince 01/01/2008
Fund objective
The objective of this fund is to maintain capital and to providea 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 (a type of loan which pays interest)and Repos. Repos are an agreement between two parties tosell or buy an asset and later reverse the trade at an agreeddate and price.In stressed market conditions, the fund may be invested up to100% in government and public securities issued by a singleissuer.The maximum maturity of the instruments the fund invests inis 397 days but the fund must maintain a weighted averagematurity of less than 60 days.The bonds that the fund invests in must be investment grade(rated as lower risk). Investment grade bonds are bonds thathave achieved a higher credit rating from a rating agency.Credit ratings give an indication of how likely it is that theissuer of a bond will be able to pay back interest and the loanon time.The fund may use derivatives (contracts which have a valuelinked to the price of another asset) to:• reduce risk or cost; or• generate additional capital or income with no, or anacceptably low, level of risk.The fund may also invest in other fixed income securities,other money market instruments and collective investmentschemes.Your units will be accumulation units. Income frominvestments held by the fund (interest) will be reinvested intothe value of your units.You can buy or sell units in this fund on any working day. Youneed to contact us with your instruction before 12 noon. Thisis the time we calculate unit prices for this fund. If you contactus after 12 noon, the units will be bought or sold at the nextworking day's price.This fund:• is not the same as a bank or building society account. Yourmoney is not protected under the UK deposit protectionscheme;• is appropriate for investors looking to add a cash elementto their portfolio or those who wish to invest for a shortperiod of time.If you do not understand this document we recommend youseek additional information to help you decide if this fund isright for you.
Benchmark
  • IA Money Market
Investment style
Liquidity
Investment method
Deposits
Quick stats
1 Year return
0.2%
1 Year rank in sector
13/18
Sector
UT Money Market
Yield
0.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.15%
Fund size
£1,059m (£76m last year)
Bid price
96.9
Offer price
96.9
Top in this sector
Fund name1 Year
Thesis Motim9.7%
Royal London Enhncd Csh +0.9%
Federated Stg Csh +0.8%
F&C Short Duration Bond0.8%
Royal London Cash Plus0.5%
...more in UT Money Market

Performance snapshot

Holdings snapshot

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0%0.1%0.2%0.6%1.1%
Sector-0.1%-0%0.6%0.8%0.9%2.2%
Rank within sector9 / 187 / 1813 / 1813 / 1813 / 1711 / 14
Quartile2nd2nd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund0.2%0.2%0.2%0.2%0.3%
Sector0.8%-0.2%0.2%1%0.4%
Rank within sector13 / 1813 / 1713 / 1710 / 1611 / 14
Quartile3rd4th4th3rd4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.21
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-0.07
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
0.03
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
0.04
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.81
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.01
Price movement
52 week high96.9
52 week low96.71
Current bid price96.9
Current offer price96.9
Current mid price-
Region
1France19.06%
2Japan17.23%
3Netherlands9.86%
4UK9.04%
5Germany6.92%
6USA6.36%
7Money Market6.04%
8Qatar5.7%
9United Arab Emirates5.03%
Industry sector
1Money Market100%
Asset type
1Money Market100%
Individual holdings
1ABN AMRO4.08%
2BNP PARIBAS (SUISSE) SA3.67%
3BRED BANQUE POPULAIRE3.66%
4RABOBANK3.26%
5SUMITOMO MITSUI BANK3.26%
6CITIBANK3.1%
7HELABA BANK2.85%
8ABBEY NATIONAL TREASURY SERVICES2.44%
9STANDARD CHARTERED BANK2.44%
Management
Fund manager group
Legal & General UT Mgr
Fund manager company
Legal & General UT Mgr Ltd
Fund type
Unit Trust
Fund objective
The objective of this fund is to maintain capital and to providea 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 (a type of loan which pays interest)and Repos. Repos are an agreement between two parties tosell or buy an asset and later reverse the trade at an agreeddate and price.In stressed market conditions, the fund may be invested up to100% in government and public securities issued by a singleissuer.The maximum maturity of the instruments the fund invests inis 397 days but the fund must maintain a weighted averagematurity of less than 60 days.The bonds that the fund invests in must be investment grade(rated as lower risk). Investment grade bonds are bonds thathave achieved a higher credit rating from a rating agency.Credit ratings give an indication of how likely it is that theissuer of a bond will be able to pay back interest and the loanon time.The fund may use derivatives (contracts which have a valuelinked to the price of another asset) to:• reduce risk or cost; or• generate additional capital or income with no, or anacceptably low, level of risk.The fund may also invest in other fixed income securities,other money market instruments and collective investmentschemes.Your units will be accumulation units. Income frominvestments held by the fund (interest) will be reinvested intothe value of your units.You can buy or sell units in this fund on any working day. Youneed to contact us with your instruction before 12 noon. Thisis the time we calculate unit prices for this fund. If you contactus after 12 noon, the units will be bought or sold at the nextworking day's price.This fund:• is not the same as a bank or building society account. Yourmoney is not protected under the UK deposit protectionscheme;• is appropriate for investors looking to add a cash elementto their portfolio or those who wish to invest for a shortperiod of time.If you do not understand this document we recommend youseek additional information to help you decide if this fund isright for you.
Benchmark
  • IA Money Market
Investment style
Liquidity
Investment method
Deposits
Fund managers
NameSinceBiography
Jennifer Gillespie01/01/2008In 2008 Jennifer joined LGIM as Head of Money Markets, moving from Scottish Widows Investment Partnership (SWIP) where she was Investment Director, Money Market Funds. Prior to this Jennifer also held the role of Treasury Manager with Scottish Widows Bank (SWB). She has more than 18 years of industry experience covering segregated cash mandates, liquidity and cash funds. Jennifer graduated from the University of Waterloo in Canada with a BA (hons) in Soviet studies. She is also an associate of the Chartered Institute of Bankers in Scotland
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Cash Trust I Acc
Initial charge-
Annual charge-
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)-
Bid price96.9
Offer price96.9
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLQ61
L&G Cash Trust L Acc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price50.09
Offer price50.09
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN4GW
L&G Cash Trust R Acc
Initial charge-
Annual charge-
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)-
Bid price93.68
Offer price93.68
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLE91
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.