I am looking at CSH2 as a place to put some cash, LYXOR SMART CASH UCITS ETF. This is a low risk accumulating ETF that returns money market rates and holders on 31 October accrue liability for excess reportable income (ERI) which is taxed at income tax rates. Since it is a reporting fund, sales of t…

I use it like you say to hold cash that I need in the near future. How did you find 8.5% by the way? I thought CSH2 basically tracks SONIA which is about 5% right now from this chart https://www.bankofengland.co.uk/boeapps/database/fromshowcolumns.asp?Travel=NIxAZxSUx&FromSeries=1&ToSeries=50&DAT=…

The performance graph of the fund page , hover over the last few days, the ETF is at 8.77% and the benchmark is showing at 5%.

Oh I see that’s interesting. Not sure how to read those charts as if you click YTD chart on that page it says ETF is 3.51% at the moment which seems more accurate to me (look at YTD for CSH2 in Google finance).

That’s the difference between the last 12 months and current daily at annual rates. So right now the price should be increasing by close to 8.7% / 365 (or however many counting days there are in a year) each day. I’m not familiar with CSH2, but I do use QUID and JGST. Both of their trailing annual…

I would like to think that 8.7% is current rate but looking at it again I understand that 8.7% is the increase from 2015 (start date of CSH2) and now. Google finance confirms this. It certainly is not going at 8.7% a year pace. It’s currently around 0.4% per month I would say is a good estimate.

CSH2 has increased 1.3% over the last 3 months, which would make 5.2% per year. This is consistent with current SONIA. As this can be achieved with only capital gains tax rates liability, and with the possibility to offset losses, I would consider it attractive. The only difficulty in a taxable acc…

agree with this, it’s interesting as investors are looking at CSH2 and trying to work out how much the yearly interest rate is but that is it not possible to find exactly as it’s tracking a moving SONIA index which could rise or fall in the future, who knows what the SONIA rate will be in 1,2,5 year…

Because of the buy,/sell spread the holding period need to be a few days if one is to do better than holding money in a bank instant access account. The spread is about 0.02%, so I figure that is 2-3 days worth of average gain.

You’re right, my bad! So it’s running about the same as the two I mentioned, possibly with a tax advantage if held in a non tax protected account.

Here are some historical ERI statistics for CSH2. 11/2017-10/2018 (distribution date 30/4/2019): £4.3959/unit (price then: about £1024, so 0.43%) 30/4/2020: £6.5820 = 0.64% 30/4/2021: £2.3578 = 0.23% But for subsequent years I notice 2022 and 2023: £0 ERI. I wonder if this ETF is now structure…

CSH2 Excess reportable income

📊 Investing

the_joker January 26, 2026, 11:08am 28

Take a look at my post here: Discussing LDUK Excess Reportable Income - L&G UK Quality Dividends ETF

Topic		Replies	Views
💰 Introducing daily interest on cash! 📰 What's new	73	9100	June 28, 2024
Capital gains tax 🤝 Help	132	36456	October 16, 2022
FAQ for Tax in the United Kingdom 🤝 Help	139	41459	March 27, 2026
:portugal: Clube Portugal - Finanças 📊 Investing	239	18444	May 20, 2026
EU registrations - OPEN 💬 Trading 212 chat	172	30506	September 29, 2023

CSH2 Excess reportable income

Related topics