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North Growth Canadian Money Market Fund
Investment Objectives:
To achieve a high level of current income while preserving capital and maintaining liquidity.
Investment Strategy:
In order 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.
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Date of inception: |
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October 26, 1999 |
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Load: |
No Load |
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Annual Management Fee: |
0.25% |
| Management Expense Ratio (MER): |
2007: 0.25%
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Dividend Distribution: |
The Fund’s income is allocated daily and distributed monthly. |
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Trustee: |
RBC Dexia Investor Services Trust |
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Auditor: |
Deloitte & Touche |
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Minimum Investment: |
$150,000 |
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Prospectus: |
No prospectus |
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Net Current Yield: |
As of December 31, 2007: 4.34% |
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