|
|
|
|
 |
|
Russell Money Market Pool
Class A Units
Goal
To provide the maximum current income that is consistent with preservation of capital and liquidity by investing primarily in Canadian money market securities.
Target Allocation
(Actual manager allocation may vary)
| Style |
|
Weight |
|
Manager |
| |
|
|
|
|
| Short-Term Money Market |
|
100% |
|
McLean Budden Ltd |
Investment Performance
| 30-Jun-08 |
|
3 mths |
|
YTD |
|
1 yr. |
|
3 yrs. |
|
5 yrs. |
|
10 yrs. |
|
Incep.* |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class A |
|
0.72 |
|
1.58 |
|
3.53 |
|
3.12 |
|
2.57 |
|
3.07 |
|
3.1 |
| Pool Characteristics |
|
as of June 30, 2008
|
|
| Current Yield** |
3.61% |
| Effective Yield** |
3.68% |
| Average Term** |
88 Days |
| Total Pool Assets: |
$38.73 Million |
| as of March 31, 2008 |
|
Summary of Investment Portfolio
| Top 25 Holdings* |
|
% of Pool |
| as at March 31, 2008 |
|
|
| Percentage of net assets ($68,783,841 ) of the Pool |
|
|
| Nestle Capital Canada Discount Note 05-May-2008 |
|
9.7 |
| Business Development Bank Discount Note 26-June-2008 |
|
9.6 |
| Bank of Nova Scotia Discount Note 16-May-2008 |
|
8.6 |
| Farm Credit Corp. Discount Note 22-May-2008 |
|
7.8 |
| Government of Canada Treasury Bill 18-Sept-2008 |
|
7.3 |
| Honda Canada Finance Discount Note 08-May-2008 |
|
7.2 |
| GE Capital Canada Funding Co. Discount Note 29-May-2008 |
|
7.0 |
| TD Bank Bankers Acceptance 05-Sept-2008 |
|
6.7 |
| Government of Canada Treasury Bill 19-Mar-2009 |
|
5.3 |
| Manualife BDN 04-June-2008 |
|
5.3 |
| Volkswagen Credit Discount Note 07-May-2008 |
|
4.5 |
| EnCana Corporation Discount Note 23-June-2008 |
|
4.3 |
| Nova Scotia Power Discount Note 17-April-2008 |
|
4.2 |
| Toyota Credit Canada Discount Note 28-May-2008 |
|
3.6 |
| Enbridge Pipelines Inc. Discount Note 07-May-2008 |
|
3.4 |
| Business Development Bank Discount Note 07-April-2008 |
|
2.0 |
| Bank of Montreal Bank Variable Rate Deposit Note 12-May-2008 |
|
1.7 |
| Canadian Wheat Board Discount Note 29-May-2008 |
|
1.2 |
| Royal Bank of Canada Ltd. 3.450%- 01-April-2008 |
|
0.8 |
| |
|
|
| * This Pool has only 19 holdings as at March 31, 2008 |
|
|
Note: The statement of investment portfolio may change due to ongoing portfolio transactions of the Pool. This list will be updated within 60 days of each quarter end.
| Sector Weights |
|
|
| as at March 31, 2008 |
|
|
| Corporate |
|
66.20% |
| Government |
|
33.20% |
Each Pool in the Russell Sovereign Investment Program (other than Sovereign Diversified Monthly Income Portfolio) offers Class A, B, E, F and O units. The Sovereign Diversified Monthly Income Portfolio has E-5 and E-7 units. The returns of each class of units may differ as a result of varying fees and expenses. Class A and B units have the same management fee. Your adviser is paid a trailer fee as compensation for providing services to you. Class F units are sold only to investors enrolled in a fee-for-service or wrap program and these units have a reduced management fee and do not pay trailer fees to the adviser. Instead each investor negotiates a separate, ongoing fee that is paid directly to their adviser and is based on the market value of the investors' assets. Class O units are only available from Russell Investments Canada Limited and are generally not sold to the public. They are intended to be used in fund of fund arrangements and other wrap programs sponsored by us. They are also available to large institutional investors or other accounts as we may determine from time to time on a case-by-case basis. No management fees are charged to the Pools with respect to the Class O units. Instead, each Class O investor negotiates a separate fee that is paid directly by the investor. Class E units targets large investors and as such, have a higher minimum investment and a lower trailer and management fee. For more information about our Pools please see Legal Information.
Date of first publish: April 2, 2008.
*Inception: April 1998
**The Current Yield is calculated by subtracting the management fees from the gross yield. The Effective Yield based on the seven-day period ended on March 31, 2008 annualized by compounding the seven-day return and does not represent an actual one-year return. The Average Term is as of February 29, 2008.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments and the use of an asset allocation service. Please read the prospectus of the mutual funds in which investment may be made under the asset allocation service before investing.
The performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Past performance may not be repeated.
Money Market Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment will be returned to you.
|
|
|
| |
Related INFORMATION |
|
|
|
Products and services described on these websites are intended for Canadian residents only. Information on these sites should not be considered a solicitation to buy or an offer to sell a security to any person. Persons outside Canada may find more information about products and services available within their jurisdictions by going to Russell's worldwide site, http://www.russell.com.
Legal Information Privacy Policy
Required Sales Disclosure
© Russell Investments Canada Limited 2008. All Rights Reserved.
|
