# Threadneedle Sterling Short-Term Money Market Fund (formerly Threadneedle Sterling Fund)
### Notes to the financial statements
for the accounting period 8 March 2019 to 7 March 2020
- 
###### ACCOUNTING POLICIES

The accounting policies for the fund are the same as those disclosed on pages 5 and 6.
- 
###### NET CAPITAL (LOSSES)/GAINS

Net capital (losses)/gains during the period comprise:
2020	2019
£000	£000
Non–derivative securities	(108)	123
Transaction costs		(1)	(1)
Net capital (losses)/gains		(109)	122
- 
###### DISTRIBUTIONS

The distribution takes account of revenue received on the creation of shares and revenue deducted on the cancellation of shares and comprises:
2020	2019
£000	£000
Interim	1,736	924
Final	  1,346	1,349
3,082	2,273
Add: Revenue deducted on the cancellation of shares	1,025	650
| 3  REVENUE |  |
| --- | --- |
|  | 2020 | 2019 | 8 |
|  | £000 | £000 |  |
| Interest on debt securities | 3,239 | 2,726 |  |
| Interest on short term investments | 379 | 289 |  |

Deduct: Revenue received on the creation of shares 	(964)		(617) Net distribution for the period	  3,143	2,306 Details of the distribution per share are set out in the table on pages 76 to 77.

###### DEBTORS
Bank interest		224	177
Total revenue		3,842	3,192
2020	2019
£000	£000
Amounts receivable for the issue of shares	320	282
Accrued revenue		248	354
Total debtors		568	636
| 4  EXPENSES |  |  | 9 | OTHER CREDITORS |  |
| --- | --- | --- | --- | --- | --- |
|  | 2020 | 2019 |  |  | 2020 | 2019 |
|  | £000 | £000 |  |  | £000 | £000 |
| Payable to the ACD or associates of the ACD, and the agents of either of them: |  |  |  | Amounts payable for the cancellation of shares Purchases awaiting settlement | – (15,994) | (602) – |
| Annual management charge | (381) | (540) |  | Accrued expenses | (13) | (16) |
| Registration fees | 	(227)	(253) | Amounts payable to ACD | 	(50)	(71) |
|  | 	(608)	(793) | Total other creditors | 	(16,057)	(689) |

Payable to the depositary or associates of the depositary, and the agents of either of them:
Depositary fees	(61)	(59)
Safe custody fees		(20)	(21)
	(81)	(80)

###### 10 DILUTION ADJUSTMENT
Under certain circumstances the ACD has the power to charge a dilution adjustment on the purchase and/or redemption of shares. If charged, the dilution adjustment will be paid into the fund. Full details of the operation of the scheme can be found in the Prospectus.
Other expenses:
Audit fees		(9)	(9)
	(9)	(9)
Total expenses*		(698)	(882)
*Including irrecoverable VAT where applicable.
- 
###### INTEREST PAYABLE AND SIMILAR CHARGES

2020	2019
£000	£000
Interest payable		(1)	(4) Total interest payable and similar charges		(1)	(4)
- 
###### TAXATION

2020	2019
£000	£000
- Analysis of charge in periodTotal current tax (note 6b)		–	–Total tax charge for the period		–	–
- Factors affecting taxation charge for period	Net revenue before taxation		3,143	2,306 Net revenue before taxation multiplied bythe standard rate of corporation tax of 20%	(629)	(461) Effects of:Distributions treated as tax deductible		629	461Current tax charge for period (note 6a)		–	–Interest distributions were made in respect of all distributions during the prior period.


###### 11 RELATED PARTY TRANSACTIONS
Threadneedle Investment Services Limited, as ACD, is a related party and acts as principal in respect of all transactions of shares in the fund.
The aggregate monies received through issues and paid on cancellations are disclosed in the Statement of Change in Net Assets Attributable to Shareholders. Any amounts due to or from Threadneedle Investment Services Limited at the end of the accounting period are disclosed in Notes 8 and 9.
Amounts payable to Threadneedle Investment Services Limited in respect of fund management and registration services are disclosed in Note 4 and amounts outstanding at the year end in Note 9.
All transactions have been entered into in the ordinary course of business on normal commercial terms.

###### 12 SHAREHOLDER FUNDS
Threadneedle Sterling Short–Term Money Market Fund currently has three share classes; Class 1, Class 2 and Class X shares. The charges on each share class are as follows:
Annual management charge
Class 1 shares	0.15%*
Class 2 shares	0.15%
Class X shares	N/A**
Registration fees
Class 1 shares	0.060%
Class 2 shares	0.035%
Class X shares	0.035%
The net asset value of each share class, the net asset value per share, and the number of shares in each class are given in the comparative tables on page 78. The distribution per share class is given in the distribution table on pages 76 to 77. All classes have the same rights on winding up.
*The lower annual management charge of 0.15% is charged at the ACD’s discretion subject to market conditions and can be increased to a maximum of the 0.5% fee disclosed in the prospectus.
**X Shares are not subject to an Annual Management Charge.

Translation (ENDE, 2020-03-31):
# Threadneedle Sterling Short-Term Money Market Fund (vormals Threadneedle Sterling Fund)
###### AUSSCHÜTTUNGSÜBERSICHT
(Fortsetzung)
| Klasse X – Bruttothesaurierungsanteile |  |
| --- | --- |
| Ausschüttung | Brutto- | Ertragsaus- | Bruttoerlös | Bruttoerlös |
| Zeitraum | erlös | gleich | thesauriert 2019/2020 | thesauriert 2018/2019 |
| Gruppe 1 08.03.2019 to 07.09.2019 | 0,3644 | – | 0,3644 | 0,2527 |
| 08.09.2019 bis 07.03.2020 | 0,3539 | – | 0,3539 | 0,3450 |
| Gruppe 2 08.03.2019 to 07.09.2019 | 0,1726 | 0,1918 | 0,3644 | 0,2527 |
| 08.09.2019 bis 07.03.2020 | 0,1981 | 0,1558 | 0,3539 | 0,3450 |
| Ausschüttungen im Berichtszeitraum, insgesamt |  |  | 0,7183 | 0,5977 |

Gruppe 2: Anteile, die innerhalb einer Ausschüttungsperiode gekauft wurden.