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 35 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 0.35% (35 basis points)*
- Short weighted average maturity: Approximately 30 days
Management Fee
0.35%*
Fund Reports
Important information
Weekly holdings as of 30 January 2023
Weekly holdings as of 23 January 2023
Weekly holdings as of 23 May 2022
Weekly holdings as of 16 May 2022
Weekly holdings as of 9 May 2022
Weekly holdings as of 2 May 2022
Weekly holdings as of 25 April 2022
Weekly holdings as of 18 April 2022
Weekly holdings as of 11 April 2022
Weekly holdings as of 4 April 2022
Weekly holdings as of 28 March 2022
Weekly holdings as of 21 March 2022
Weekly holdings as of 14 March 2022
Weekly holdings as of 7 March 2022
Weekly holdings as of 28 February 2022
Weekly holdings as of 21 February 2022
Weekly holdings as of 14 February 2022
Weekly holdings as of 7 February 2022
Weekly holdings as of 31 January 2022
Weekly holdings as of 24 January 2022
Weekly holdings as of 17 January 2022
Weekly holdings as of 10 January 2022
Weekly holdings as of 4 January 2022
Weekly holdings as of 29 December 2021
Weekly holdings as of 20 December 2021
Weekly holdings as of 13 December 2021
Weekly holdings as of 6 December 2021
Weekly holdings as of 29 November 2021
Weekly holdings as of 22 November 2021
Weekly holdings as of 15 November 2021
Weekly holdings as of 8 November 2021
Weekly holdings as of 1 November 2021
Weekly holdings as of 25 October 2021
Weekly holdings as of 19 October 2021
Weekly holdings as of 12 October 2021
Weekly holdings as of 4 October 2021
Weekly holdings as of 27 September 2021
Weekly holdings as of 20 September 2021
Weekly holdings as of 13 September 2021
Weekly holdings as of 7 September 2021
Weekly holdings as of 30 August 2021
Weekly holdings as of 23 August 2021
Weekly holdings as of 16 August 2021
Weekly holdings as of 9 August 2021
Weekly holdings as of 2 August 2021
Weekly holdings as of 26 July 2021
Weekly holdings as of 19 July 2021
Weekly holdings as of 12 July 2021
Weekly holdings as of 5 July 2021
Weekly holdings as of 28 June 2021
Weekly holdings as of 22 June 2021
Weekly holdings as of 14 June 2021
Weekly holdings as of 7 June 2021
Weekly holdings as of 1 June 2021
Weekly holdings as of 25 May 2021
Weekly holdings as of 10 May 2021
Weekly holdings as of 3 May 2021
Weekly holdings as of 26 April 2021
Weekly holdings as of 22 February 2021
Weekly holdings as of 22 February 2021
Investment Services
Nigel Garrard, VP, Investment Strategy