Fund strategy

To preserve capital whilst aiming to provide a return in line with prevailing short term money market rates. To achieve this objective, the assets of the Fund are invested with the principle of risk diversification predominantly in fixed and floating Canadian Dollar denominated Money Market Instruments and in deposits with credit institutions, including but not limited to, fixed-term deposits at financial institutions, certificates of deposit, commercial paper, medium-term notes, short-term treasury bills, floating rate notes, Asset Backed Securities, ABCPs, call and notice accounts. The Funds investment in securities is limited to those with a residual maturity not exceeding 397 days. The Funds investment has a WAM that does not exceed 60 days and a WAL that does not exceed 120 days. In addition, the Management Company and the Investment Manager will solicit external rating and seek to obtain and maintain an AAAm or equivalent external credit rating assigned by at least one ratings agency.