Northern Trust Funds plc - The US Dollar Fund K USD Acc
ISIN IE000O68XE41 / Valor 12779669
Northern Trust Funds plc - The US Dollar Fund K USD Acc
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Northern Trust US Dollar Fund aims to preserve capital, maintain liquidity and generate current income by investing in high-quality short-term fixed income or adjustable-rate securities denominated in US dollars. In practice, the portfolio is built mainly from short-term government and corporate bonds, debt instruments issued by financial institutions, and cash deposits, all subject to certain ESG criteria. The fund is managed as a Short Term Low-Volatility Net Asset Value money market fund, using a mix of amortised cost and market pricing to help support a stable NAV, although it may move to a variable NAV in some circumstances. Investment selection appears to focus on quality and short duration: securities must be rated at least A2/P1 or equivalent at purchase and have a maximum maturity of 397 days. The fund may also use repurchase and reverse repurchase agreements to help meet its objective, reduce risk, lower costs or add modest income. Overall, it seeks a conservative, actively managed US dollar cash and short-term bond solution with an emphasis on liquidity, capital preservation and steady income.
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