LF Canlife Sterling Liquidity I Inc
Latest (Mid) Price:
GBX 99.87
Day Change:
0.00%
| Shares Class | Inc. |
|---|---|
| Yield | 0.17 |
| Total Expense Ratio | 0.00 |
Fund Performance
Cumulative Performance
Discrete Performance
MoneyAM Fund Centre
Quick Stats
| Fund Size | 588,541,670.00 | Launch Date | 30/06/2017 | Standard Initial Charge (%) | 0.00 |
|---|---|---|---|---|---|
| Currency | GBX | ISA Eligible | No | Annual Management Charge (%) | 0.15 |
| Sector | IMA UK Equity Income | Min Investment (£) | 1,000,000.00 | Total Expense Ratio (%) | 0.00 |
| ISIN | GB00BYW8XW23 | Min Topup (£) | 100.00 | Ongoing Charge (%) | 0.1500 (on 22/12/2017) |
Fund Objective
The LF Canlife Sterling Liquidity Fund is designed to provide institutional investors with a high degree of capital security with daily liquidity. The managers have constructed a diversified money market portfolio of high quality sterling denominated money-market instruments, transferable securities and deposits with the aim of delivering an enhanced return relative to short-term bank deposits. This fund is a UCITS scheme and a standard variable net asset value (VNAV) money market fund (MMF). The MMF is not a guaranteed investment, nor does it receive external support to guarantee its liquidity. Unlike bank deposits, investment in MMFs can fluctuate and investor’s capital is at risk.
Fund Managers
Steve Matthews
Steve joined Canada Life Investments in 1996 and took on responsibility for the cash funds in 2002. Since 2002, Steve’s role has expanded to encompass managing on balance sheet assets and providing liquidity coverage for Canada Life and its subsidiaries. Steve is a fellow of the Chartered Institute for Securities and Investments.
Andy Head
Andy joined Canada Life Investments’ operations department in January 2003. He transferred into the Fixed Income team in October 2010 where he co-manages the liquidity funds and provides support for the Fixed Income managers. Andy holds the Investment Management Certificate, an Advanced Certificate in Global Securities Operations and the Investment Administration Qualification. He is a Chartered Member of the Chartered Institute for Securities & Investment.
Asset Breakdown
Region Breakdown
Sector Breakdown
| Name | Weight |
|---|---|
| Cash Funds | 3.80% |
| Certificates of Deposit | 11.50% |
| Commercial Paper | 7.50% |
| Corporate Bonds | 25.50% |
| Floating Rate Notes | 30.90% |
| Government Bonds | 8.40% |
| Time Deposits | 12.20% |
| UK Gilts | 0.20% |
Top 10 Holdings
| Name | Weight |
|---|---|
| NATIONAL BANK OF CANADA | 3.90% |
| TSB BANK | 3.80% |
| SUMITOMO MITSUI BANKING CORPOR | 3.60% |
| SANTANDER UK | 3.30% |
| GROUPE BPCE | 3.20% |
| ROYAL BANK OF CANADA | 3.20% |
| UBS | 3.10% |
| TOYOTA MOTOR CORPORATION | 3.00% |
| LLOYDS BANKING GROUP | 2.90% |
| EUROPEAN INVESTMENT BANK | 2.80% |
Please remember that past performance is not a guide of future returns. The value of investments and the income from them can go down as well as up as a result of currency exchange and market fluctuations and investors may not get back the amount originally invested.
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