Hedged Share Class definition

Hedged Share Class means any Share Class with the term “(Hedged)” in its name, including the Index Hedged Share Classes and the Portfolio Hedged Share Classes;

Hedged Share Class or ’Hedged Share Classes’ means (according to the context) a Portfolio Currency Hedged Share Class or a Reference Currency Hedged Share Class.

Hedged Share Class means a Class whose denominated currency is hedged against exchange rate fluctuations as set out in the section entitled Share Class Hedging;

Examples of Hedged Share Class in a sentence

• The costs and any benefit of currency hedging transactions will be allocated solely to the Currency Hedged Share Class to which the hedging relates.

• The currency exposure of the assets attributable to a Hedged Share Class may not be allocated to other Share Classes.

• The Fund may use various techniques and instruments, such as forward contracts and currency swaps, in accordance with the provisions of the Prospectus, intended to limit the impact of exchange rate movements between the Reference Currency of the Sub-Fund and that of a Currency Hedged Share Class on the performance of such Share Class.

• Any currency hedging transaction relating to a Hedged Currency Share Class, or any interest rate hedging transaction relating to a Duration Hedged Share Class, shall be valued in accordance with the provisions of Appendix II and shall be clearly attributable to the specific Hedged Currency Share Class or the specific Duration Hedged Share Class, as appropriate.

• A Hedged Share Class will not be leveraged as a result of such currency hedging transactions.

More Definitions of Hedged Share Class

Hedged Share Class means any Share Class with the term “(Hedged)” in its name;

Hedged Share Class means, for the purposes of this Fund, any Class which has a Class Currency that is different to the Base Currency of the Fund being the U.S. Dollar;

Hedged Share Class means a Class whose denominated currency is hedged

Hedged Share Class means a Class which is not denominated in the Base Currency of a Fund to which a currency hedging strategy is applied.

Hedged Share Class or ‘Hedged Share Classes’ means (according to the context) share class or classes which allow the use of currency hedging transactions to reduce the effect of exchange rate fluctuations between the Reference Currency or Reference Currencies and the Hedged Currency.

Hedged Share Class means a Share Class in respect of which the ICAV mayconduct currency hedging as specified in the Supplement for the relevant Fund where the benefits and costs of such hedging transactions will accrue solely to holders of Shares of such Class, and which may be a Hedged Currency Share Class;

Hedged Share Class means a Share Class whose dealing currency is hedged