Money Market Fund (USD)
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
Table represents annualized yield.
| 7 Day Yield | 1.57% |
| 30 Day Yield | 3.27% |
| YTD Return | 1.09% |
| Annualized Return | 4.19% |
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2008 | 4.33% | 2.86% | 2.54% | 3.27% | - | - | - | - | - | - | - | - |
2007 | 4.23% | 4.79% | 4.58% | 4.65% | 4.32% | 4.42% | 4.48% | 4.30% | 5.28% | 5.19% | 4.13% | 4.25% |
2006 | 3.90% | 3.92% | 4.12% | 4.28% | 3.92% | 4.27% | 4.27% | 4.53% | 4.62% | 4.63% | 4.64% | 4.89% |
2005 | 1.52% | 1.90% | 1.97% | 2.12% | 2.43% | 2.46% | 2.54% | 2.94% | 2.90% | 3.13% | 3.27% | 3.45% |
2004 | 0.49% | 0.42% | 0.33% | 0.35% | 0.26% | 0.36% | 0.72% | 0.72% | 0.91% | 1.00% | 1.13% | 1.67% |
2003 | 0.70% | 0.97% | 0.82% | 0.54% | 0.73% | 0.62% | 0.38% | 0.28% | 0.40% | 0.35% | 0.32% | 0.37% |
2002 | 1.75% | 1.53% | 0.99% | 1.42% | 1.46% | 1.41% | 1.22% | 1.02% | 1.14% | 0.44% | 1.16% | 0.53% |
2001 | 5.88% | 5.76% | 5.04% | 4.55% | 4.43% | 3.54% | 3.10% | 3.39% | 3.86% | 2.33% | 2.01% | 1.08% |
Top 10 Holdings
Issuer | Maturity |
|---|---|
| AIM USD Liquidity Portfolio | Overnight |
| RBC (London) | Overnight |
| Investec AAm USD MMKT | Overnight |
| Toronto Dominion (London) | Overnight |
| Fidelity Inst Cash Fund | Overnight |
| US Treasury Strip Coupon | 11/15/2008 |
| US Govt Intl Bond | 7/8/2008 |
| United States Treasury Bill | 5/22/2008 |
| United States Treasury Bill | 5/15/2008 |
| United States Treasury Bill | 6/12/2008 |
Current Monthly Strategy Allocation

Analytics (1 Year)
| USD Money Market | Peer Group | |
|---|---|---|
| Annualized Return | 4.15% | 4.08% |
| 3 Year Annualized Return | 4.03% | 3.74% |
| Maximum Periodic Change | 0.12% | 0.62% |
| Minimum Periodic Change | 0.01% | -0.16% |
| Annualized Standard Deviation | 0.26% | 6.61% |
| Annualized Sharpe Ratio | n/a | n/a |
| Annualized Sortino Ratio | n/a | n/a |
| Volatility | 0.16% | 1.28% |
| Downside Risk | 0.13% | 0.68% |
| % Periods Up | 100.00% | 90.88% |
| Maximum Drawdown | 0.00% | -0.41% |
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