Sell:104.79p Buy:104.79p Change: 
0.02p (0.02%)
Prices as at 30 January 2024
Sell:104.79p
Buy:104.79p
Change: 0.02p (0.02%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
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Prices as at 30 January 2024
Sell:104.79p
Buy:104.79p
Change: 0.02p (0.02%)
Prices as at 30 January 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
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Charges and Savings
| Initial charges | |
|---|---|
| Initial charge: | 0.00% |
| Initial saving from HL: | 0.00% |
| HL dealing charge: | Free |
| Net initial charge: | 0.00% |
How initial savings affect the buy price
The initial saving applied to a fund depends on how it is priced. Dual priced funds have two different prices (a sell price and a buy price); single priced funds have a single price (at which the fund can be bought and sold).
For dual priced funds the difference between the buy and sell price is made up of the initial charge and other costs e.g. the fund manager's dealing costs. The 'initial saving from HL' will reduce the buying price, but even with a full discount the buying price may still be higher than the selling price.
For single priced funds the price quoted does not include the 'initial charge'. Any 'initial charge' after deduction of the 'initial saving from HL' will be added to the price quoted.
Please note that even where a full saving is offered a dilution levy could be applied on the way in or out of the fund.
For full details please see the HL guide to fund prices, savings and yields. ×
| Annual charges | |
|---|---|
| Performance fee: | No |
| Ongoing charge (OCF/TER): | 0.15% |
| Ongoing saving from HL: | 0.00% |
| Net ongoing charge: | 0.15% |
HMRC believes that from April 2013 rebates of annual charges (such as loyalty bonuses) paid on funds held in nominee accounts, such as our Fund & Share Account, should be subject to income tax. Loyalty bonuses paid on funds in ISAs and SIPPs are unaffected, and they remain tax-free.
We believe all loyalty bonuses are tax-free and we are challenging HMRC's interpretation. However, while we make this challenge we are paying loyalty bonuses within the Vantage Fund & Share Account net of an amount equivalent to the basic rate tax. If we are successful in our challenge we will return this money to clients. If we are unsuccessful we will use the money to pay over any amounts due to HMRC.
If loyalty bonuses are taxable then the value of our ongoing saving to you could be reduced, depending on the rate of tax you pay. The below table gives an indication of how this may affect you.
In this case, the ongoing saving is 0.00%, of which 0.00% is paid by loyalty bonus. The tax that could be payable on this loyalty bonus, and therefore the value of this saving to you, is shown below.
| Non-taxpayer | Basic rate taxpayer | Higher rate taxpayer | Additional rate taxpayer | |
|---|---|---|---|---|
| Ongoing saving from HL: | 0.00% | 0.00% | 0.00% | 0.00% |
| Loyalty bonus: | 0.00% | 0.00% | 0.00% | 0.00% |
| Tax on loyalty bonus: | 0.00% | 0.00% | 0.00% | 0.00% |
| Value of ongoing saving to you: | 0.00% | 0.00% | 0.00% | 0.00% |
Tax rules can change and benefits depend on individual circ*mstances. Please remember loyalty bonuses received on funds held in the Vantage ISA or Vantage SIPP are exempt from tax.
Also, loyalty bonuses received by overseas investors, companies and charities are not required to be paid with the deduction of tax. Therefore, if you are an overseas investor, or you represent a company or charity please let us know if you would like your loyalty bonuses paid without the deduction of an amount equivalent to the basic rate tax.
In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.
HL Guide to fund prices, savings and yields
Other Information
| Unit type: | Unbundled |
|---|---|
| Manager: | LGIM Liquidity Team Management LGIM Liquidity Team Management |
| Fund launch date: | 23 September 1992 |
| Sector: | Short Term Money Market |
| Fund size: | £3,119 million |
| Number of holdings: | 75 |
| Fund type: | Unit Trust |
| Accumulation/income: | Accumulation |
| Dealing frequency: | Daily |
| Valuation point: | 12:00 |
| Trustee: | The Northern Trust Company |
| Minimum investment: | £100.00 |
| Charges deducted from: | n/a |
| Available in a regular savings plan: | Yes |
| Minimum regular savings value: | £25.00 |
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Performance
| 29/01/19 to 29/01/20 | 29/01/20 to 29/01/21 | 29/01/21 to 29/01/22 | 29/01/22 to 29/01/23 | 29/01/23 to 29/01/24 | |
|---|---|---|---|---|---|
| Annual return | 0.67% | 0.15% | -0.08% | 1.56% | 4.86% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
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Our view on this fund
The Wealth Shortlist features funds our analysts believe have the potential to outperform their peers over the long term. If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
Fund Objective
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.
Income Details
| Distribution yield : | 5.30% |
|---|---|
| Underlying yield : | 5.30% |
| Income paid: | Quarterly |
| Type of payment: | Interest |
| Ex-dividend date: | 5 February 2024 5 May 2024 5 August 2024 5 November 2024 |
| Payment date: | 5 April 20244 5 July 20244 5 October 20244 5 January 20254 |
This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 30 November 2023.
- HoldingsTop 10 holdings
- SectorsTop 10 sectors
- CountriesTop 10 countries
| Security | Weight |
|---|---|
| Cash | 95.03% |
| UK. T-BILL. 0.00% | 3.20% |
| CP.BANQUE POP 5.48% | 0.96% |
| BPCE DISC COML COMML P | 0.80% |
| Sector | Weight |
|---|---|
| Cash and Equiv. | 95.03% |
| Bonds | 3.20% |
| Non-Classified | 1.76% |
| Country | Weight |
|---|---|
| Cash and Equiv. | 95.03% |
| United Kingdom | 3.20% |
| Non-Classified | 1.76% |
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used.Prices provided by Morningstar, correct as at 30 January 2024. Data provided by Broadridge, correct as at 31 December 2023.
Key facts
| LGIM Liquidity Team Management | |
| Manager start date | 01/01/2008 |
| Manager located in | London |
Biography
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.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
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Introduction
As an expert in the field of investment and finance, I can provide you with information related to the concepts mentioned in the article you provided. I have a deep understanding of the financial markets, investment strategies, and various types of funds. I will use my expertise to explain the terms and concepts mentioned in the article.
Key Concepts Explained
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Sell Price and Buy Price: The sell price and buy price refer to the prices at which you can sell or buy holdings in a fund. The sell price is the price at which you can sell your holdings, while the buy price is the price at which you can purchase additional holdings. The difference between the sell price and buy price is known as the bid-ask spread.
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Initial Charges: Initial charges are fees that are deducted when you make an initial investment in a fund. These charges can vary depending on the fund and are typically expressed as a percentage of the investment amount. In the article, it is mentioned that the initial charge for the fund in question is 0.00%.
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Ongoing Charges: Ongoing charges, also known as the ongoing charge figure (OCF) or total expense ratio (TER), represent the annual costs associated with managing and operating a fund. These charges cover expenses such as management fees, administrative costs, and other operational expenses. The ongoing charge for the fund mentioned in the article is 0.15%.
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Loyalty Bonuses: Loyalty bonuses are incentives provided by investment platforms to investors who hold their funds. In the article, it is mentioned that loyalty bonuses paid on funds held in ISAs and SIPPs (Self-Invested Personal Pensions) are tax-free. However, loyalty bonuses paid on funds held in a Fund & Share Account may be subject to tax, which could reduce their value.
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Fund Objective: The fund objective describes the goal or purpose of a particular fund. In the case of the fund mentioned in the article, the objective is to maintain capital and provide a return in line with money market rates, before charges. The fund achieves this by investing in short-term deposits, government bonds, and other money market instruments.
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Distribution Yield: The distribution yield represents the income generated by a fund, expressed as a percentage of its current price. It indicates the annual income that an investor can expect to receive from the fund. In the article, the distribution yield is mentioned as 5.30%.
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Holdings: Holdings refer to the assets or securities that a fund invests in. The article provides information about the top 10 holdings, sectors, and countries in which the fund is invested.
Conclusion
In conclusion, the article you provided contains information about various concepts related to investment funds. I have explained key terms such as sell price, buy price, initial charges, ongoing charges, loyalty bonuses, fund objective, distribution yield, and holdings. If you have any further questions or need more information, feel free to ask.
