The fund aims to deliver high levels of income in excess of returns available through fixed term deposits and call accounts offered by banks, while providing investors with capital protection and the stability of monthly returns and liquidity. The fund's weighted average duration may not exceed 90 days and its weighted average legal maturity (life) may not exceed 120 days. While capital losses are unlikely, they can occur if, for example, one of the issuers of the assets underlying the fund defaults. In this event, losses will be borne by the fund and its investors.
A disciplined process is followed to arrive at the optimum area of the money market yield curve we wish to invest in. The fund's returns are further enhanced by the inclusion of selected, highly rated, corporate