Federated Prime Rate US Dollar Liqu
|Bid Price||-||Offer Price||-|
|Mid Price||USD 1.00||Day Change||USD 0.00 (-0.23%)|
|Price Date||17 Jun 2013||Crown Rating|
|Shares Class||Inc.||Yield||0.07 %|
|Total Expense Ratio||0.00||Fund Size||366,600,000.00|
|Launch Date||04/08/2008||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.20||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B2R5TR14||Min TopUp (£)||0.00|
To maximise the current income consistent with the preservation of principal and liquidity by investing in a diversified portfolio of high quality US Dollar denominated short term debt and debt related instruments. The primary objective is to maintain the net asset value either constant at par (net of earnings) or at the value of the investors' initial capital plus earnings.
Gary Skedge (Senior Portfolio Manager) joined FPRCM in September 2007 from HSBC Investments where he co-managed the AAA rated Sterling Liquidity and Liquidity Plus funds as well as numerous segregated portfolios. He has 24 years experience of the banking and investment management sector. He was Director of Money Markets and Foreign Exchange at Robert Fleming and has also worked at JP Morgan Chase and Invesco Fund Managers.