Examples of Fund Currency in a sentence
Core Diversified Growth & Income Portfolio See below See below Core Fundamental Holdings Portfolio See below See below Core Global Diversification Portfolio See below See below Currency Strategies Fund Currency Strategies Trust (JHVIT) 0.950% — first $250 million; 0.900% — next $250 million; and 0.850% — excess over $500 million.
Core Diversified Growth & Income Portfolio See below See below Core Fundamental Holdings Portfolio See below See below Core Global Diversification Portfolio See below See below Currency Strategies Fund Currency Strategies Trust (JHT) 0.950% — first $250 million; 0.900% — next $250 million; and 0.850% — excess over $500 million.
Such Share Classes that do not hedge their currency exposure to the Fund Currency will bear the suffix "U".
The Net Asset Value per Share of the Alternate Currencies Classes of Shares does therefore not necessarily develop in the same way as that of the Shares in the relevant Fund Currency.
It should be noted that these hedging transactions may be entered into whether the Reference Currency is declining or increasing in value relative to the relevant Fund Currency and so, where such hedging is undertaken it may substantially protect Investors in the relevant Share Class against a decrease in the value of the Fund Currency relative to the Reference Currency, but it may also preclude Investors from benefiting from an increase in the value of the Fund Currency.
Whilst holding hedged Shares may substantially protect the investor against losses due to unfavourable movements in the exchange rates of the Alternate Currencies against the Fund Currency, holding such Shares may also substantially limit the benefits of the investor in case of favourable movements.
The hedging will be undertaken to reduce exchange rate fluctuations in case the Fund Currency of the Sub-Fund or other material currencies within the Sub-Fund (such as the Dealing Currency/ies is/are declining or increasing in value relative to the hedged currency.
The Fund Currency is the EUR and the Sub-Fund may partly hedge the assets of the Sub-Fund de- nominated in a currency other than the EUR at the discretion of the Management Company.
Investors should note that it will not be possible to fully hedge the total Net Asset Value of hedged Alternate Currencies Classes of Shares against currency fluctuations of the Fund Currency, the aim being to implement a currency hedge equivalent to between 95% and 105% of the Net Asset Value of the respective Alternate Currencies Classes of Shares.
Absolute Return Currency Fund (formerly Currency Strategies Fund) Currency Strategies Trust (JHVIT) 0.950% — first $250 million; 0.900% — next $250 million; and 0.850% — excess over $500 million.