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)*
- No front-end or back-end loadsShort weighted average maturity: Approximately 30 days
Management Fee
0.40%*
