North Growth Canadian Money Market Fund
To achieve a high level of current income while preserving capital and maintaining liquidity.
In order to minimize interest rate risk and credit risk the Fund holds a well-diversified portfolio invested only in short-term securities of the highest quality. The maximum term to maturity allowable for the Fund’s investments is 183 days; however, in practice the average maturity of the Fund’s investments will be kept near 30 days. Investments include: Government (federal or provincial) guaranteed bonds, corporate bonds rated R-1 by the Dominion Bond Rating Service, and securitized instruments rated R-1.
|Date of Inception:||August 26, 1999|
|Management Expense Ratio (MER):||0.25%|
|Dividend Distribution:||The Fund's income is allocated daily and distributed monthly.|
|Trustee:||RBC Investor and Treasury Services|
|Initial Minimum Investment:||$150,000|