NEI Money Market Fund
Investment Objectives: To achieve short term interest income by maintaining a portfolio of high quality, short term securities with maturities of less than a year, such as treasury bills, guaranteed bonds, and other credit instruments issued by major Canadian corporations.
Inception Date: October 2000
Investment Style: The Fund aims to select money market instruments with good relative value, and adjusts the term to maturity in anticipation of interest rate changes.
Portfolio Advisor:
Advisor Inception Date: June 2004
About the Advisor: Paul Robillard has worked in fixed-income markets for the past thirty years as a pension fund portfolio manager and corporate treasurer. Before joining Desjardins Asset Management in 2007, Mr. Robillard worked at Hydro-Québec for 10 years, where he successively held the positions of Financial Markets Manager and Treasurer. He oversees the management of fixed-income securities mandates, corporate credit management and loan and securities activities.
| Total Assets | Management Fee | MER | Distribution Frequency |
| $98.6 million | 0.70 % | 0.74 % | Monthly |
| 3 Mo. | 6 Mo. | YTD | 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | Since Inception |
|
| NEI Money Market Fund | 0.0% | 0.1% | 0.0% | 0.2% | 2.2% | 2.4% | 2.3% | |
| Quartile Rank* |
| Front End | Back End | Volume Sales | Low Load | F-Series | I-Series |
| NWT140 | NWT10241 | NWT10341 | NWT840 | NWT940 | - |
Summary of Investment Portfolio December 31, 2009.
Management Report on Fund Performance as at September 30, 2009.
Proxy Voting Record: The fund invests only in assets that do not have voting rights attached to them in the ordinary course. As a result, there is no proxy voting record to disclose.
Note: Effective October 23, 2009, the Credential Money Market Fund and the Northwest Money Market Fund merged into the NEI Money Market Fund.
