US Dollar Money

Investment objective summary

The Fund aims to provide a US dollar income return at the rate available in the wholesale Eurocurrency market (the market in which currencies are borrowed and lent outside of the country in which those currencies are legal tender, e.g. a bank outside of the US borrowing or lending US dollars).

The Fund is a short-term, variable net asset value money market fund and while it aims to preserve capital, this is not guaranteed.

The Fund normally invests in bank deposits repayable within six months and money market instruments (tradable securities where money can be invested for short periods) with a lifespan of up to one year.

The Fund’s investments are priced or hedged (an investment technique which aims to protect the value of an investment against currency movements) back into US dollars.