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Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
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Our view on this fund
features funds our analysts believe have the potential to outperform their peers over the long term.
If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are
thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start.
View funds on the Wealth Shortlist »
The Fund aims to provide income and preserve the original value of your investment, however, this is not guaranteed.
The Fund is actively managed, and looks to provide income returns broadly in line with the 1-month compounded SONIA (Sterling Overnight Index Average) rate, before charges are deducted.
The Fund invests in short-term assets of high credit quality from issuers that have received a favourable assessment in accordance with credit-quality assessment procedures adopted by the Fund. These investments may include UK Government securities (including Treasury bills) with a maturity of 184 days or less, sterling-denominated cash deposits and certificates of deposit. In addition, up to 50% of the Fund may be invested in sterling-denominated commercial paper, also with a maturity of 184 days or less. Investment in other short-term money market funds is permitted, but limited in total to 10% of the Funds value.
The 1-month compounded SONIA rate is considered a suitable interest rate benchmark against which the Funds performance can be measured and evaluated over time. The benchmark reflects the rate of interest paid on unsecured short-term transactions in the British sterling market, and represents a similar return profile to assets held in the Fund.