General Risk Disclosure

This document provides an overview of the risks associated with our Treasury Product and investment in Money Market Funds (MMFs).

We offer a range of Funds via the Platform:

  • BlackRock ICS Sterling Liquidity Fund
  • BlackRock ICS US Dollar Liquidity Fund
  • BlackRock ICS Euro Liquidity Fund

The Funds seek to maximise current income consistent with the preservation of principal and liquidity through the maintenance of a portfolio of high quality short-term "money market" instruments. The portfolio invests primarily in first-tier securities, which include commercial paper, certificates of deposit, floating rate notes, time deposits and fully collateralised repurchase agreements. The investment manager will take into account certain environmental social and governance criteria when selecting investments, as detailed in the Fund’s prospectus.

Short Term Money Market Funds do not generally experience extreme price variations. Changes in interest rates will impact the Fund. On any day where the net return (i.e. return less costs and expenses) of the Fund is negative an Accumulating Share Class of the fund will see a decrease in the NAV per Share. Some of the risks that may occur through investing in this product:

  • Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
  • Credit Risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Fund when due.

Round does not hold client money or client assets, this is done by WealthKernel Ltd and Interactive Brokers (UK) Ltd. WealthKernel Ltd is regulated by the FCA (FRN: 723719). Interactive Brokers (UK) Ltd is regulated by the FCA (FRN: 208159). If the Custodian is unable to return your assets to you, you may be able to make a claim to the FSCS up to £85,000.

The investment services we provide are on an execution-only basis and we do not offer investment advice or make any assessment about the suitability of the Fund for you. Seek professional advice if you are unsure of the suitability of any investment.

You should always read the Key Information Investor Document (“KIID”) before investing. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up and you may not get back the full amount you invested. If you are in any doubt about making an investment you should consult a financial adviser.

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