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Stocks and Shares ISAObjective
The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Bloomberg Barclays US Floating Rate Note < 5 Years Index, the Fund’s benchmark index (Index). The Share Class, via the Fund, aims to invest so far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the Index. The Index measures the performance of US Dollar-denominated FI securities issued globally by corporate and government-related issuers that pay income according to a floating rate of interest. The Index includes only FI securities that: (i) are SEC-registered securities, bonds exempt from registration at time of issuance, or SEC Rule 144A securities with or without registration rights; (ii) are rated investment grade, taking the middle rating given by Fitch, Moody’s and Standard & Poor’s Ratings Services (or, in the absence of such explicit bond ratings, using other sources, such as the index provider’s internal ratings); (iii) have at least US$300 million outstanding per individual bond; and (iv) have a remaining maturity (i.e. the time from issue until they become due for repayment) of greater than or equal to one month, but less than five years. These may include the strategic selection of certain securities that make up the Index or other FI securities which provide similar performance to certain constituent securities.
- Leverage -
- Currency hedgingNo