Legal & General Cash R

  • 94.67p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 0.65%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.10%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 13 December 2019

Fund summary

Sector Short Term Money Market
Structure UNIT TRUST
Launched September, 1992
Size £2,086m
Yield 0.10%
Charging basis Capital
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.50%
Ongoing charges figure 0.65%

Allocation

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Investment process

Manager research

Average monthly relative returns

  • 14/15 -0.04%
  • 15/16 -0.03%
  • 16/17 -0.01%
  • 17/18 -0.01%
  • 18/19 0.00%

Bestinvest MRI

  • 3 years -0.01%
  • 5 years -0.02%
  • Career -0.06%
  • 3 years 100.00%
  • 5 years 73.60%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Jennifer Gillespie

Gillespie has more than 14 years industry experience covering segregated cash mandates, liquidity and cash funds. In 2008 Gillespie joined LGIM as Head of Cash Management, 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 SWIP. Gillespie graduated from the University of Waterloo in Canada with a Bachelor of Arts (with Honours) in Soviet Studies. She is also an Associate of the Chartered Institute of Bankers in Scotland.

Track record

Jennifer Gillespie has 11.1 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.06%. During the worst period of relative performance (from September 2008 - September 2019) there was a decline of 7% relative to the index. The worst absolute loss has been 0%.

Periods of worst performance

Absolute 0.00% (May 2012 - August 2013)
Relative -7.00% (September 2008 - September 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 July 2019

7.3% Cooperatieve Rabobank Ua
7.3% Sumitomo Mitsui Banking
6.8% Bnp Paribas London
6.3% Societe Generale London.
6.1% Bred - Banque Populaire
5.8% Dz Bank Ag
5.3% Bank Of Tokyo-Mitsub Ldn
3.6% Wells Fargo Bank Intl
3.4% Credit Agri Cib London
3.2% Skandinav Enskilda Bank
Source: Trustnet

Sector breakdown

Money Market 100.00%

Key Investor Information

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