MoneyAM Fund Centre

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Fund Objective

The Fund aims to produce a return from capital and income by investing predominantly in US Dollar, Euro and Sterling denominated fixed interest securities. The Fund will invest predominantly in a variety of US Dollar, Euro and Sterling denominated fixed interest instruments such as bonds, other fixed or floating-rate debt securities and short-term debt securities. These may include asset-backed securities such as mortgage-backed securities (residential & commercial) and consumer loans (for example, auto loans or credit loans). The Fund may also invest in other fixed and variable rate debt securities which are denominated in currencies other than US Dollar, Euro and Sterling as well as in collective investment schemes, other transferable securities, deposits, cash and near cash, warrants and money-market instruments.Investments in fixed or variable rate debt securities may include sovereign debt instruments; securities issued by government or other public bodies, subordinated debt instruments and secured debt instruments (i.e. bonds that are secured by assets). The Fund may use derivatives (both exchange traded and over-the-counter (“OTC”)) for investment purposes as well as for Efficient Portfolio Management. Exchanged traded and OTC derivatives utilised may include (but not be limited to) the following instrument types: interest rate futures, bond futures, currency forwards, interest rate swaps, inflation linked swaps, credit default swaps, basis swaps and total return swaps.The instruments set out above will predominantly be rated investment grade by a recognised rating agency (that is, rated BBB- or above by Standard & Poor’s or Baa3 or above by Moody’s). The Investment Manager will seek to broadly hedge the currency exposures of the Fund to the proportions of which the benchmark is comprised.The Investment Manager will use its discretion with regard to issues, sectors, geographical exposure and maturity of the portfolio, and therefore the Fund may be exposed to a limited number of issuers.