L&G Cash Trust L Acc

Quick Stats

Bid Price GBX 50.09 Offer Price GBX 50.09
Mid Price - Day Change GBX 0.00 (0.00%)
Price Date 2 Dec 2016 Crown Rating 2
Shares Class Inc. Yield 0.30 %
Total Expense Ratio 0.00 Fund Size 1,059,189,404.99
Launch Date 23/09/1992 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 100,000.00 Total Expense Ratio (%) 0.00
ISIN GB00BYV17T72 Min TopUp (£) 0.00

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.

Fund Managers

Jennifer Gillespie
In 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