The investment seeks to track the price and performance yield, before fees and expenses, of the MSFX Long US Dollar/GBP TR index. The fund aims to reflect movements in exchange rates between the two currencies, plus exposure to local interest rates. The index is a total return index reflecting the performance of a fully collateralised position in currency forward contracts which are rolled on a daily basis. It provides long exposure to (i) movements in exchange rates between the local currency (USD) and GBP and (ii) local interest rates - to the extent either are incorporated in forward contract prices.