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Stocks and Shares ISAObjective
The aim is for your investment to track the performance, before fees and expenses, of the Bloomberg Barclays US High Yield Very Liquid Index ex 144A (Index)/ The Index is based on the Bloomberg Barclays US Corporate High Yield Index (Parent Index), which reflects the performance of high-yielding fixed-interest tradable debt (bonds) denominated in US Dollar/|| The Index tracks a subset of bonds from the Parent Index which are readily realisable and includes bonds which are issued by financial, utility, or industrial institutions that meet specific maturity, credit rating and liquidity requirements/ || For bonds to be included in the Index, they must on the relevant rebalancing date meet certain pre-determined standards (such as eligible currency, amount outstanding, quality, maturity and level of interest payments)/ The bonds must have a fixed rate of interest, must be rated less than Ba1/BB+ by major rating agencies and exclude the 144A tranche securities/ || The Index is calculated on a total return net basis/ This means that all interest payments received from bonds are reinvested in the Index/ The Index is reviewed and rebalanced monthly/ ||To achieve the aim, the Fund will attempt to replicate the Index by buying a substantial number of the bonds which are comprised in the Index, in the same proportion as the Index as determined by DWS entities/ ||The Fund may employ techniques and instruments in order to manage risk, reduce costs and improve results/ These techniques and instruments may include the use of derivatives/ The Fund may also engage in secured lending of its investments to certain eligible third parties to generate additional income to offset the costs of the Fund/|| Dividends may be paid on your shares up to four times per annum/ ||You may redeem your investment on demand on a daily basis/
- Leverage100
- Currency hedgingNo