Short-Dated Gilts Fund (SGF)
SGF returns are related to Government gilt-edged securities and give a return in the form of interest. Rates of interest vary from year to year but the value of your investment cannot go down. SGF investors are guaranteed the average rate from the three highest-yielding, gilt-edged securities, which have less than five years to maturity. Interest is applied annually to money held in the SGF at the beginning of the Scheme year. Contributions made each month receive interest on a proportional basis. For example, any contributions paid in July will receive eight-twelfths of the current annual interest rate. Where funds are switched into, or out of, the SGF during the year, interest is calculated separately in respect of the money held before and after the date of the switch.
Total annualised interest rates so far this year (since April 2012)
Actual returns over the past 5 years:
| 1.19% |
| 1.85% |
| 2.25% |
| 3.67% |
| 5.08% |
