|Mid Price||GBX 100.02||Day Change||GBX +0.01 (0.01%)|
|Price Date||14 Jan 2019||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Last Ex-Dividend Date||10 September 2018||Last Dividend amount||0.16|
|Dividend Frequency||Semi-annually||Fund Size||503,196,474.08|
|Launch Date||31/01/2008||Standard Initial Charge (%)||3.75|
|Total Expense Ratio (%)||0.00||ISA Eligible||No|
|Annual Management Charge (%)||0.15||Sector||Money Market|
The aim of the Fund is to provide income and give you a high level of capital security.The Fund invests at least two-thirds of its assets in British Pound cash deposits, certificates of deposit (which are a type of deposit for a fixed period of time, usually offered by banks), and treasury bills issued by the UK government. The Fund is also able to invest up to 50% of the assets of the Fund in commercial paper (a type of loan taken by companies with high credit ratings to finance their short-term needs) that is priced in British Pounds. The investment policy is subject to a number of credit rating restrictions, which can be found in the prospectus for the Fund. The Fund may also invest in asset classes and instruments different from those stated above.
Paul Witchalls is a portfolio manager specialising in cash, money market funds and foreign exchange.Paul began his career in the loans department at Barclays Bank in 1984 and in 1986 moved to Greenwell Montagu Securities. He joined the Cash Management Division of Eagle Star Investment Managers1 in 1988 and was appointed Assistant Money Manager on the Treasury / Foreign Exchange Desk in 1992.Paul holds the Chartered Financial Analyst designation and is also an associate member of the CFA Society of the UK.