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== Fund aim ==
== Fund aim ==
To provide capital stability and a return in line with money market rates<ref>Money market rates are the interest rates at which short-term financial instruments are traded in the money market. The money market is a marketplace where banks, corporations, and other financial institutions buy and sell financial instruments with short maturities, typically less than one year. Examples of financial instruments traded in the money market include Treasury bills, certificates of deposit, commercial paper, and repurchase agreements.
To provide capital stability and a return in line with money market rates <ref>Money market rates are the interest rates at which short-term financial instruments are traded in the money market. The money market is a marketplace where banks, corporations, and other financial institutions buy and sell financial instruments with short maturities, typically less than one year. Examples of financial instruments traded in the money market include Treasury bills, certificates of deposit, commercial paper, and repurchase agreements.


Money market rates are determined by supply and demand in the market. When demand for short-term funds is high, money market rates tend to rise, and when demand is low, rates tend to fall. Money market rates are an important indicator of the overall health of the economy and can influence borrowing costs for consumers and businesses.</ref> whilst providing daily access to liquidity and providing an income. The fund seeks to maintain a AAA rating, which is the highest fund rating available.
Money market rates are determined by supply and demand in the market. When demand for short-term funds is high, money market rates tend to rise, and when demand is low, rates tend to fall. Money market rates are an important indicator of the overall health of the economy and can influence borrowing costs for consumers and businesses.</ref> whilst providing daily access to liquidity and providing an income. The fund seeks to maintain a AAA rating, which is the highest fund rating available.
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The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.


'''What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.'''
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.


'''The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product with input from the over the last 10 years. Markets could develop very differently in the future.'''
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product with input from the over the last 10 years. Markets could develop very differently in the future.


=== Recommended holding period (RHP): 0.01 Years ===
=== Recommended holding period (RHP): 0.01 Years ===
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!If you exit afterRHP
!If you exit afterRHP
|-
|-
|'''Minimum'''
|Minimum
| colspan="2" |'''There is no minimum guaranteed return. You could lose some or all of your investment.'''
| colspan="2" |There is no minimum guaranteed return. You could lose some or all of your investment.
|-
|-
| rowspan="2" |'''Stress scenario'''
| rowspan="2" |Stress scenario
|'''What you might get back after costs'''
|What you might get back after costs
|'''9,999.79'''
|9,999.79
|-
|-
|Average return each year (%)
|Average return each year (%)
| -0.21
| -0.21
|-
|-
| rowspan="2" |'''Unfavourable scenario'''
| rowspan="2" |Unfavourable scenario
|'''What you might get back after costs'''
|What you might get back after costs
|'''10,000.00'''
|10,000.00
|-
|-
|Average return each year (%)
|Average return each year (%)
|0.00
|0.00
|-
|-
| rowspan="2" |'''Moderate scenario'''
| rowspan="2" |Moderate scenario
|'''What you might get back after costs'''
|What you might get back after costs
|'''10,000.30'''
|10,000.30
|-
|-
|Average return each year (%)
|Average return each year (%)
|0.30
|0.30
|-
|-
| rowspan="2" |'''Favourable scenario'''
| rowspan="2" |Favourable scenario
|'''What you might get back after costs'''
|What you might get back after costs
|'''10,000.72'''
|10,000.72
|-
|-
|Average return each year (%)
|Average return each year (%)
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= Asset (%) =
= Asset (%) =
{| class="wikitable"
{| class="wikitable"
|Certificate of Deposit<ref>A Certificate of Deposit (CD) is a financial product offered by banks and credit unions that allows investors to earn a fixed rate of interest on their savings over a specified period of time.
|Certificate of Deposit
 
When you purchase a CD, you agree to deposit a certain amount of money with a bank or credit union for a fixed term, which can range from a few months to several years. The bank pays you a fixed rate of interest for the duration of the CD term, which is typically higher than the interest rate paid on savings accounts.
 
CDs are considered a low-risk investment because they are FDIC insured up to $250,000 per depositor per institution, which means that even if the bank fails, the depositor will receive their principal and interest payments back. However, in exchange for this low-risk investment, investors give up some liquidity since early withdrawal of the funds typically results in a penalty.
 
CDs are often used by investors who want a safe investment with a guaranteed return, but are willing to lock up their funds for a period of time. The longer the term of the CD, the higher the interest rate paid, so investors can choose a term that matches their investment goals and risk tolerance.</ref>
|45.7
|45.7
|-
|-
|Commercial Paper<ref>Commercial paper is a short-term debt instrument issued by corporations to meet their immediate funding needs. It is typically issued with a maturity of less than 270 days and is used to finance short-term working capital needs, such as inventory purchases, payroll, and other operational expenses.
|Commercial Paper
 
Commercial paper is generally considered a low-risk investment because it is typically issued by large, well-established corporations with strong credit ratings. Because of this, commercial paper usually carries a lower interest rate than other short-term debt instruments such as Treasury bills.
 
Commercial paper is usually sold in large denominations, making it more accessible to institutional investors such as banks, mutual funds, and pension funds. However, individual investors can also participate in the market through money market mutual funds, which invest in a diversified portfolio of commercial paper.
 
The commercial paper market is an important source of short-term funding for corporations, and its issuance volume can be used as an indicator of the overall health of the economy. The market is subject to fluctuations based on changes in interest rates, credit ratings, and overall market conditions.</ref>
|21.2
|21.2
|-
|-
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For full fund holdings, see the Appendix of this page.
For full fund holdings, see the Appendix of this page.


== Fund Manager ==
= Fund Manager =
Liquidity Management


=== Liquidity Management ===
Liquidity Management (within Global Trading and Liquidity) forms a strategic part of our asset management capability incorporating liquidity and short duration portfolios as well as securities financing.
Liquidity Management (within Global Trading and Liquidity) forms a strategic part of our asset management capability incorporating liquidity and short duration portfolios as well as securities financing.


== Sustainability ==
= Sustainability =
SFDR<ref>The Sustainable Finance Disclosure Regulation (SFDR) is a European Union (EU) regulation that sets out rules for financial market participants and financial advisors to disclose the environmental, social, and governance (ESG) characteristics of their investment products. The SFDR was adopted in 2019 and became effective on March 10, 2021.
SFDR categorisation: Article 8


The SFDR classification system provides a framework for the disclosure of the ESG characteristics of investment products, with the aim of promoting transparency and comparability of ESG information across the financial industry. The classification system includes three levels of disclosure:
* Environmental and social characteristics
* ESG investment strategy
* Sustainability preferences


1) Article 6: Products that do not promote ESG characteristics or do not have a sustainable objective.
Environmental characteristics


2) Article 8: Products that promote environmental or social characteristics or have a sustainable investment objective, but do not have a specific reference to the reduction of carbon emissions.
Social characteristics


3) Article 9: Products that have a sustainable investment objective and have specific reference to the reduction of carbon emissions.
No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by the Fund.


Financial market participants are required to disclose the SFDR classification of their investment products in their pre-contractual documents, such as prospectuses or offering documents, and on their websites. The regulation aims to provide investors with more information about the sustainability of their investments, enabling them to make more informed investment decisions.</ref> categorisation: Article 8
Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
 
=== Environmental and social characteristics ===
 
==== Environmental characteristics ====
ccc
 
==== Social characteristics ====
ccc
 
=== ESG investment strategy ===
ccc


=== Sustainability preferences ===
= Literature =
ccc


No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by the Fund.
= Prices =


Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.


== Prices ==
{| class="wikitable"
{| class="wikitable"
|+
|+
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=== Costs ===
=== Costs ===
{| class="wikitable"
Price basis
|+
 
|Price basis
Single - mid
|Single - mid
 
|-
Initial charge
|Initial charge
 
|0.00%
0.00%
|-
 
|Ongoing charges figure  
Ongoing charges figure
|0.10%
 
|-
0.10%
|Min. investment
 
|£20,000,000
Min. investment
|}
 
===Codes===
£20,000,000
{| class="wikitable"
 
|+
= Codes =
|ISIN<ref>ISIN stands for International Securities Identification Number. It is a unique identification code that is used to identify securities such as stocks, bonds, and other financial instruments. The ISIN code is a 12-character alphanumeric code that is assigned to each security, and it provides a standardized way to identify securities across different countries and exchanges. The code is made up of three parts: 1) Country code: The first two characters of the ISIN code represent the country in which the security was issued. 2) Security code: The next nine characters of the ISIN code are unique to the security and are assigned by the national numbering agency of the country where the security was issued. 3) Check digit: The final character of the ISIN code is a check digit that is calculated using a mathematical formula based on the other 11 characters in the code. This helps to ensure the accuracy of the code. The ISIN code is used by financial institutions, regulators, and investors to identify and track securities for trading, settlement, and reporting purposes. It is an important tool for facilitating international investment and ensuring transparency in financial markets.</ref>
ISIN
| IE00B29R7C68
 
|-
IE00B29R7C68
|SEDOL<ref>SEDOL stands for Stock Exchange Daily Official List. It is a seven-character alphanumeric code that is used to identify securities traded on the London Stock Exchange and other exchanges in the United Kingdom. The SEDOL code is assigned by the London Stock Exchange and is used to uniquely identify each security listed on the exchange. The code consists of two parts: 1) Six-character alphanumeric security identifier: This part of the code uniquely identifies the security and is assigned by the London Stock Exchange. 2) Check digit: The final character of the code is a check digit that is calculated using a mathematical formula based on the other six characters in the code. This helps to ensure the accuracy of the code. The SEDOL code is used by financial institutions, regulators, and investors to identify and track securities for trading, settlement, and reporting purposes. It is an important tool for facilitating trading and ensuring transparency in financial markets. SEDOL codes are also used in conjunction with other security identification codes, such as ISINs, to provide additional information about securities traded on the London Stock Exchange.</ref>
 
| -
SEDOL
|-
 
|Bloomberg
-
|LGSTLI4 ID
 
|-
Bloomberg
|MEX
 
| -
LGSTLI4 ID
|}
 
===Dealing information===
MEX
 
-
 
= Dealing information =
{| class="wikitable"
{| class="wikitable"
|Valuation frequency
|Valuation frequency
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|}
|}


=== Country registration ===
== Country registration ==
This share class is registered for sale in the following countries: Ireland and UK.
This share class is registered for sale in the following countries:
 
Ireland
 
UK
 
== For valuations and account queries contact: ==
Legal & General (Unit Trust Managers) Limited
 
PO Box 6080
 
Wolverhampton
 
WV1 9RB
 
Tel : 0370 050 0955
 
Email: investments@landg.com
 
Legal & General ICAV
 
LGIM Liquidity Funds Plc
 
Northern Trust International Fund Administration Services (Ireland) Limited
 
City East Plaza - Block A
 
Towlerton
 
Ballysimon Road
 
Limerick
 
Ireland
 
V94 X2N9
 
Fax: +353 1 434 5293
 
Telephone: +353 1 434 5080
 
Email: LGIM_ta_queries@ntrs.com
 
Legal & General SICAV
 
Northern Trust Global Services SE
 
10 Rue du Château d'Eau
 
L-3364 Leudelange
 
Grand-Duché de Luxembourg
 
Facsimile: +352 28 294 454
 
Telephone: +352 28 294 123
 
Email: LGIM-TA-LUX@ntrs.com
 
== Key risks ==
The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.
 
Past performance is no guarantee of future results.
 
This fund holds bonds that are traded through agents, brokers or investment banks matching buyers and sellers. This makes the bonds less easy to buy and sell than investments traded on an exchange. In exceptional circumstances the fund may not be able to sell bonds and may defer withdrawals, or suspend dealing. The Directors can only delay paying out if it is in the interests of all investors and with the permission of the fund depositary.
 
The fund invests directly or indirectly in bonds which are issued by companies or governments. If these companies or governments experience financial difficulty, they may be unable to pay back some or all of the interest, original investment or other payments that they owe. If this happens, the value of the fund may fall.
 
The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.
 
Shares in the fund are not the same as deposits. The amount invested in the fund may fluctuate up or down and you bear the risk of any loss of investment. The fund is not protected by any national deposit protection scheme.
 
Investment returns on bonds are sensitive to trends in interest rate movements. Such changes will affect the value of your investment.
 
== Important information ==
This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.
 
No investment decisions should be made without first reviewing the key investor information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.
 
Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.
 
This information is only directed at investors resident in jurisdictions where each fund is registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.
 
All information detailed on this website is current at the time of publication and may be changed in the future.
 
== Source and third party data ==
Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.
 
Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data
 
== Issuer ==
Issued by Legal & General Investment Management Limited as promoter and distributor for this fund in the UK.
 
Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.


== Appendix ==
== Appendix ==
{| class="wikitable sortable"
{| class="wikitable"
|+
|+
!TNT  global security number
!TNT  global security number
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