27.00p
(0.29%)
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Stocks and Shares ISAObjective
The Fund 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 ICEU.S. Treasury 1-3 Year Bond Index, the Fund’s benchmark index (Index). 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 and comply with its credit rating requirements. If the credit ratings of the FI securities are downgraded, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them. The Index offers exposure to US government bonds with a remaining maturity (i.e. the time from issue until they become due for repayment) from 1 to 3 years and aminimum amount outstanding of $300 million at the time of inclusion in the Index. They will pay income according to a fixed rate of interest and will, at the time ofinclusion in the Index, be investment grade (i.e. meet a specified level of creditworthiness). The Fund uses optimising techniques to achieve a similar return to its benchmark index. These may include the strategic selection of certain securities that make up the benchmark index or other FI securities which provide similar performance to certain constituent securities. Your shares will be accumulating shares (i.e. income will be included in their value).
- Leverage -
- Currency hedgingNo