Money Market Fund

Money Market
Fund

Money Market Fund

Objective

To seek as high an overall rate of return as is consistent with maintaining liquidity and security of principal.

Investment Strategy

Target high-quality short-term money market instruments
Provide the highest possible yield while minimising risk

Key Benefits

Offers the highest liquidity
Superior capacity to maintain principal value and limit exposure to loss
Management fee of only 40 basis points*
No front-end or back-end loads

Rating

Our locally managed Money Market Fund is rated AAAm by Standard & Poor’s (S&P); it is the highest rating offered by S&P. The definition of an AAAm money market fund states: “Safety is excellent. Superior capacity to maintain principal value and limit exposure to loss”.

Risk/Return Profile

Low risk/Low return

Minimum Investment Required

USD 10,000.00 (or equivalent in CAD or GBP)

Features and Benefits

Three different currencies offered: USD, CAD and GBP, all of which provide very competitive yields
Daily liquidity, easy access: the fund redeems on every Bermuda business day and settles the same day for US and Canadian dollars; GBP settles the next day. If we receive instructions for wire, draft or redemption from a US or Canadian class before 10:30 a.m. Atlantic Time, via fax or in person, your money is available that afternoon. Fax redemptions are accepted subject to an indemnity form being completed.
Cost-effective management: there are no load or transaction fees; management fee of 0.40% (40 basis points)*
Short weighted average maturity: Approximately 30 days

Management Fee

0.40%*

2 de Abril #1012, Nuevo Repueblo, C.P. 64700 Monterrey Nuevo León