Objective

Investment objective summary

  • The Fund aims to give holders of the relevant Shares access to income at wholesale Eurocurrency market interest rates in Sterling. This Fund is a short term variable net asset value money market fund and while the Fund aims to preserve capital, this is not guaranteed.
Paul Carr
Portfolio Manager
Paul is a portfolio manager within the Emerging Market Fixed Income team. He manages the Reserve...
Team
Portfolio Manager

Performance & returns

Key facts

  • Domicile

    Luxembourg
  • ISIN

    LU0898848295
  • Risk profile

    1
  • SEDOL

    B90YQH3
  • CUSIP

    L5447S352
  • Bloomberg code

    INVISGD LX
  • Benchmark

    Overnight SONIA (LIBID 1Week GBP pre 30/11/2021)
  • Morningstar category sector

    GBP Money Market - Short Term
  • Fund inception date

    25/01/1985
  • Share class inception date

    14/06/2013
  • Minimum investment

    USD100,000,000 / equivalent approved currency
  • Valuation point

    16:00 New York Time (forward pricing)
  • Ninety One Sustainability Classification

    ESG Integration

Portfolio & Holdings

Date as of 31/03/2024
Certificates Of Deposit
36.3
Commercial Paper
26.1
Treasury Notes
20.2
Cash
17.4

Charges

Maximum initial charge %

10.00

Ongoing charge %

0.13
The Fund may incur further expenses (not included in the above Ongoing charge) as permitted by the Prospectus.

Specific fund risks

Default

There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss.

Government securities exposure

The Fund may invest up to 100% of its assets in securities issued or guaranteed by a permitted sovereign entity, as defined in the definitions section of the Fund’s prospectus.

Interest rate

The value of fixed income investments (e.g. bonds) tends to decrease when interest rates rise.

Money Market Funds

These investments differ from deposits as the amount invested is not guaranteed; the value of investments may rise and fall. The Fund does not receive external support to help keep its value stable nor guarantee its liquidity, for example its investments can be easily converted to cash. The risk of loss is borne by the investor.

Distributions & Yields

Most recent distribution payments
Distribution amount
GBP0.7628
Declaration Date
28 December 2023
Ex-distribution date
29 December 2023
Payable date
19 January 2024

We recommend that you seek independent financial advice to ensure this Fund is suitable for your investment needs.

All the information contained in this communication is believed to be reliable but may be inaccurate or incomplete. Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

It is not an invitation to make an investment nor does it constitute an offer for sale. Any decision to invest in the Fund should be made after reviewing the full offering documentation, including the Prospectus, which sets out the fund specific risks. Fund prices and English language copies of the Prospectus, annual and semi-annual Report & Accounts, Articles of Incorporation and where relevant, the local language copies of the Key Investor Information Documents (KIID) and Key Information Documents (KID), may be obtained from www.ninetyone.com.

Performance data source: © Morningstar, NAV based, (net of fees, excluding initial charges), total return, in the share class dealing currency. Performance would be lower had initial charges been included as an initial charge of up to 5% (10% for S shares) may be applied to your investment. This means that for an investment of $1,000, where the initial charge equals 5%, $950 ($900 for S shares) would actually be invested in the Fund. Returns to individual investors will vary in accordance with their personal tax status and tax domicile.

PRIIPs Performance scenarios and Risk Profile SRI data source: Broadridge Ireland Limited.

For a full description of the Morningstar rating for funds, please see the attached guide. A rating is not a recommendation to buy, sell or hold a fund.

The overall rating for a fund, often called the ‘star rating’, is a third party rating derived from a quantitative methodology that rates funds based on an enhanced Morningstar™ Risk-Adjusted Return measure. ‘Star ratings’ run from 1 star (lowest) to 5 stars (highest) and are reviewed at the end of every calendar month. The various funds are ranked by their Morningstar™ Risk-Adjusted Return scores and relevant stars are assigned. It is important to note that individual shareclasses of each fund are evaluated separately and their ratings may differ depending on the launch date, fees and expenses relevant to the shareclass. In order to achieve a rating the share class of a fund must have a minimum three-year performance track record.

The portfolio may change significantly over a short period of time. This is not a buy or sell recommendation for any particular security. Figures may not always sum to 100 due to rounding. 

For an explanation of statistical terms, please see our glossary.