Our money market fund seeks to provide a stable source of income in low-risk, high-quality, short-term money market instruments.
This makes the fund a stable and low-risk option for investors to hold their savings, while aiming for a slightly higher return than cash. It can be a useful tool as part of a cash management strategy.
Like other investments, the value of money market funds, and the income from them, may fall or rise and investors may get back less than they invested.
Typically more stable during volatile markets than other fixed income funds.
The fund’s OCF is just 0.12% (1). By keeping costs low, investors keep more of their returns.
A liquid and low-risk fund for investors to hold their savings over shorter time periods.
Invests in a variety of short-term money market instruments issued by governments around the world.
(1) As at 31 December 2024. The Ongoing Charges Figure (OCF) covers the fund manager’s costs of managing the fund. It does not include dealing costs or additional costs such as audit fees.
No, its NAV price will fluctuate slightly reflecting changes in the value of the fund’s underlying assets. This is due to the way the fund is structured. We believe this structure gives greater clarity when markets are volatile.
Other money market funds may be structured in a different way, which means the price remains fixed at £1.
The fund has over £1 billion in assets under management, as at 31 December 2024.
The fund primarily invests in short-term government debt. It may also hold a small amount of corporate debt, at the discretion of the fund manager.
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