|Bid Price||-||Offer Price||-|
|Mid Price||GBX 90.38||Day Change||GBX +0.01 (0.01%)|
|Price Date||18 Oct 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.52 %|
|Total Expense Ratio||0.50||Fund Size||171,646,906.39|
|Launch Date||25/07/1994||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||500.00||Total Expense Ratio (%)||0.50|
|ISIN||GB0033029413||Min TopUp (£)||100.00|
The fund is classified as a money market fund. The objective of the fund aims to produce a level of income in line with money market rates, combined with maintenance of capital. The fund invests primarily in Sterling denominated money market instruments (including qualifying short term debt securities) as well as deposits. Money market instruments are normally dealt on the money market which are both liquid and have a value which can be accurately determined at any time. The fund may use derivatives (complex instruments) to manage the fund more efficiently, with the aim of reducing risk, minimising costs and/or generating additional capital or income. The fund is actively managed within its objectives and is not constrained by a benchmark.
Based in Henley-on-Thames, Stuart is responsible for a number of global bond and cash portfolios. Stuart began his investment career in 1997 at Standard & Poor’s as an economist, initially specialising in analysis of the Benelux region and then covering the UK fixed income and money markets with responsibility for forecasting UK economic data and providing fixed income strategy. On joining our company in 2003, he was initially the fixed income specialist within our Investment Communication team before successfully transferring to the Fixed Interest team in January 2006 as a fixed income strategist, specialising in the analysis of macro economic data and trends. In March 2010 Stuart was promoted to the role of fund manager. He holds a BSc (Honours) in Business Economics with Computing from the University of Surrey and a MSc in Finance from Birkbeck College, University of London.