Money Market Fund (CAD)
Investment Objective
To preserve capital and liquidity while providing, through active management, a return in line with short-term money rates of the relevant currency.
Management Style
Management monitors macroeconomic indicators to project short-term interest rate trends. Average portfolio maturity is adjusted to be consistent with interest rate forecasts; shortened if rates are projected to trend higher and lengthened if rates are projected to fall.
Fund Performance
All data as of April 30th, 2008.
Table represents annualized yield.
Table represents annualized yield.
| 7 Day Yield | 2.00% |
| 30 Day Yield | 2.34% |
| YTD Return | 1.25% |
| Annualized Return | 3.78% |
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2008 | 5.02% | 3.84% | 3.39% | 2.34% | - | - | - | - | - | - | - | - |
2007 | 3.49% | 3.74% | 3.52% | 3.51% | 3.88% | 3.50% | 3.45% | 4.14% | 3.99% | 3.84% | 3.93% | 3.45% |
2006 | 3.19% | 2.50% | 3.12% | 2.94% | 3.21% | 3.39% | 3.72% | 3.78% | 3.32% | 3.41% | 3.64% | 3.29% |
2005 | 1.98% | 2.00% | 1.75% | 1.96% | 1.94% | 1.92% | 1.85% | 2.00% | 2.02% | 2.28% | 2.25% | 2.77% |
2004 | 1.98% | 1.84% | 1.68% | 1.50% | 1.62% | 1.40% | 1.53% | 1.48% | 1.36% | 1.60% | 1.89% | 1.97% |
2003 | 1.89% | 2.09% | 2.37% | 2.41% | 2.65% | 2.78% | 2.50% | 2.19% | 2.13% | 2.06% | 1.90% | 2.06% |
2002 | 1.22% | 1.38% | 1.53% | 1.78% | 1.73% | 1.88% | 2.16% | 2.16% | 2.18% | 2.17% | 1.99% | 2.30% |
2001 | 5.02% | 5.32% | 4.62% | 4.35% | 3.82% | 4.07% | 4.27% | 4.60% | 4.28% | 2.95% | 2.02% | 2.26% |
Top 10 Holdings
Issuer | Maturity |
|---|---|
| RBC (London) | Overnight |
| Canadian Treasury Bill | 5/15/2008 |
| Fidelity Inst. CAD Fund | Overnight |
| Toronto Dominion Bank | Overnight |
| Canada (Cayman) | 6/1/2008 |
| Eksportfinans A/S | 6/23/2008 |
| General Electric Capital | 8/27/2008 |
| National Australia Bank | 8/22/2008 |
| Westpac Banking Corp | 11/14/2008 |
| Societe Nationale Chemins | 5/28/2008 |
Current Monthly Strategy Allocation
Analytics (1 Year)
| CAD Money Market | Peer Group | |
|---|---|---|
| Annualized Return | 3.83% | 2.99% |
| 3 Year Annualized Return | 3.28% | 2.23% |
| Maximum Periodic Change | 0.12% | 0.36% |
| Minimum Periodic Change | 0.02% | -0.17% |
| Annualized Standard Deviation | 0.19 | 0.80 |
| Annualized Sharpe Ratio | n/a | n/a |
| Annualized Sortino Ratio | n/a | n/a |
| Volatility | 0.13% | 1.02% |
| Downside Risk | 0.09% | 0.61% |
| % Periods Up | 100.00% | 97.99% |
| Maximum Drawdown | 0.00% | -0.56% |
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