Legal & General Cash Trust I Class Income

A Select 50 Fund - Fidelity insight

Category GBP Money Market - Short Term

This fund can be held in an Investment ISA, SIPP and Investment Account

Last buy/sell price

£0.5026

arrow-up£0.00 (+0.02%)

Fund Code

LACCI

BJKGG24

GB00BJKGG240

Prices updated as at 20 Dec 2024

Prices in GBP

Investment objective

The investment objective of the Trust is to maintain capital and to provide a return in line with money market rates, before charges. The Trust will invest in short term deposits, government bonds issued in pounds sterling and Repos. The maximum maturity of these instruments is 397 days but the Trust must maintain a weighted average maturity of less than 60 days. The bonds that the Trust invests in must be investment grade (rated as lower risk).

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Our view

Why we like the fund: This fund makes very short-term, high-quality bond investments and deposits (typically for only a few months). It aims to provide a return whilst preserving capital. L&G has a strong money market capability, and this fund is well priced. How to use the fund: This fund would be a good choice for investors who are seeking a more attractive level of interest or return than they may receive on a traditional savings account. It is important to recognise that this is a fund that holds 'cash-like' investments. It lends money on a very short-term basis (under 50 days on average) to a range of high-quality financial institutions, mainly large banks. Although it is a very conservative investment approach, it is likely to carry more risk than a traditional savings account.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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