|Bid Price||GBX 97.06||Offer Price||GBX 97.06|
|Mid Price||-||Day Change||GBX 0.00 (0.00%)|
|Price Date||19 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.20 %|
|Total Expense Ratio||0.00||Fund Size||1,319,540,524.24|
|Launch Date||23/09/1992||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||500,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B0CNHB64||Min TopUp (£)||0.00|
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.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.
Jennifer Gillespie is Head of Money Markets and the Fund Manager for Legal & General’s Cash Trust. She joined LGIM in 2008 from Scottish Widows Investment Partnership (SWIP) where she held the title of Investment Director, Money Market Funds. Prior to that, she was a Treasury Manager with Scottish Widows Bank (SWB). Jennifer graduated from the University of Waterloo in Canada with a BA (Hons) in Soviet Studies and is also an Associate of the Chartered Institute of Bankers in Scotland.