UBAM - USD Floating Rate Notes UHC GBP 

Sub-Fund denominated in USD and which invests its net assets primarily in securities denominated in this currency. The average maturity of the bond portfolio excluding cash can be expected to range between 1 and 2.5 years but will not exceed 3 years at any time. As such, this Sub-Fund cannot be considered as a money market fund. At any time, this Sub-Fund invests a majority of its net assets in bonds and other debt securities, primarily investment grade. In particular the Sub-Fund can invest in, but is not limited to: - investment grade bonds issued by companies with a minimum rating of BBB- (Standard and Poor’s or Fitch) or Baa3 (Moody’s), - interest rate and credit derivatives such as futures, options, swaps and credit default swaps, unlike money market funds.