Front Street Money Market Fund
**Note: this fund is a result of a merger of the former funds: Front Street Cash Fund and Front Street Money Market Fund Class. Please visit their respective web pages for historical information, including performance.**
The investment objective of the Front Street Money Market Fund is primarily to achieve limited income earnings with reasonable safety of capital and liquidity and secondarily for some capital appreciation. The Fund invests mainly in money market securities and bonds issued by Canadian governments and corporations, with maturities of up to one year, and in floating rate notes and asset-backed securities.
The Fund’s investment strategy entails investing in “money market securities” which are eligible for the Fund’s portfolio which include treasury bills, commercial paper, bankers’ acceptances and other evidences of indebtedness with remaining terms to maturity of 365 days or less. The Fund intends to maintain a portfolio with a high credit quality. The weighted average term to maturity of the Fund’s assets will not exceed 90 days.
| Latest 07.28.10 | Previous 07.27.10 | Change ($) | Month's End 06.30.10 | Month-to-Date | |
|---|---|---|---|---|---|
| Series A | $10.2317 | $10.2316 | +0.0001 | $10.2296 | +0.0% |
| Series B | $10.2366 | $10.2365 | +0.0001 | $10.2346 | +0.0% |
| Series F | $10.2367 | $10.2367 | 00.0000 | $10.2347 | +0.0% |
| Series X | $10.2310 | $10.2309 | +0.0001 | $10.2290 | +0.0% |
Please note that Class A (Low Load) is closed to new investors, but is open for switches within the corporate class.
Press Releases
Fund Codes & Trading Symbols
Class A -FSC 430 (LL)
Class B -FSC 431 (FE)
Class F -FSC 432 (NL)
Class X -FSC 433 (formerly Series A)
* Performance and NAV information provided is unaudited, and net of all fees and expenses.
- On October 31, 2008, the Front Street Cash Fund, a class of shares of Front Street Opportunity Funds Ltd., was merged into Front Street Money Market Fund Class, a class of shares of Front Street Mutual Funds Limited, with the continuing fund being Front Money Market Fund, a class of shares of Front Street Mutual Funds Limited.