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Russell Money Market Pool
Series 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
| 31-May-09 |
|
3 mths |
|
YTD |
|
1 yr. |
|
3 yrs. |
|
5 yrs. |
|
10 yrs. |
|
Incep.* |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series A |
|
0.03 |
|
0.20 |
|
1.43 |
|
2.80 |
|
2.45 |
|
2.78 |
|
2.95 |
| Pool Characteristics |
|
as of May 29, 2009
|
|
| Current Yield** |
0.07% |
| Effective Yield** |
0.07% |
| Number of Holdings: |
35 |
| as of March 31, 2009 |
|
| Total Pool Assets: |
$92.4 million |
| as of March 31, 2009 |
|
Summary of Investment Portfolio
| Top 25 Holdings* |
|
% of net asset value of the Pool |
| As at March 31, 2009 |
|
|
| Government of Canada Treasury Bill-1.07%-May 28, 2009 |
|
18.9 |
| Government of Canada Treasury Bill-0.83%-May 14, 2009 |
|
8.0 |
| Government of Canada Treasury Bill-0.81%-April 16, 2009 |
|
6.5 |
| Government of Canada Treasury Bill-0.51%-Aug 20, 2009 |
|
5.7 |
| Government of Canada Treasury Bill-0.69%-July 23, 2009 |
|
4.6 |
| Government of Canada Treasury Bill- 0.97%- Jan 21, 2010 |
|
4.3 |
| Government of Canada Treasury Bill- 0.54%- Sept 17, 2009 |
|
4.0 |
| Government of Canada Treasury Bill- 1.15%- July 09, 2009 |
|
3.2 |
| Toyota Credit Canada Discount Note- 0.82%-April 02, 2009 |
|
2.7 |
| Honda Canada Finance Inc. Discount Note-0.77%- April 02, 2009 |
|
2.6 |
| Encana Corp. Discount Note-0.77%- April 06, 2009 |
|
2.6 |
| Province of Ontario Treasury Bill- 0.34%- May 27, 2009 |
|
2.6 |
| Altalink Discount Note- 2.030%- 0.79%- April 14, 2009 |
|
2.5 |
| Firstbank Bankers Acceptance-0.47%- April 28, 2009 |
|
2.5 |
| Bank of Nova Scotia Bearer Deposit Note-0.52%-April 20, 2009 |
|
2.5 |
| Toronto Dominion Bank (The) Bankers' Acceptance-0.46%- April 30, 2009 |
|
2.5 |
| Royal Bank of Canada Discount Note-0.49%- April 30,2009 |
|
2.4 |
| Province of Manitoba-0.89%- Dec 02, 2009 |
|
2.1 |
| Province of Ontario Treasury Bill- 1.57%- April 20, 2009 |
|
2.1 |
| Shoppers Drug Discount Note- 0.57%- April 20, 2009 |
|
1.9 |
| Canadian Imperial Bank of Commerce Bankers Acceptance-0.48%- April 21, 2009 |
|
1.9 |
| Government of Canada Treasury Bill- 0.92%- Dec 24, 2009 |
|
1.8 |
| Nestle Cap Discount Note-0.66%- May 1, 2009 |
|
1.8 |
| Enbridge Discount Note- 0.62%- May 1, 2009 |
|
1.8 |
| Government of Canada Treasury Bill- 1.400%- Nov 26, 2009 |
|
1.6 |
| |
|
|
| Net Asset Value (thousands of dollars) |
|
$92,358 |
Note: The statement of investment portfolio may change due to ongoing portfolio transactions of the Portfolio. This list will be updated within 60 days of each quarter end and is available on our website- www.russell.com/ca.
| Sector Weights |
|
% of net asset value of the Pool |
| As at March 31, 2009 |
|
|
| Corporate |
|
26.9 |
| Government |
|
73.1 |
Each Pool in the Russell Sovereign Investment Program® (other than Russell
Diversified Monthly Income Portfolio and Russell Retirement Essentials Portfolio)
offers Series A, B, E, F and O units. The Russell Diversified Monthly Income
Portfolio has E-5 and E-7, I-5, I-7, F-5 and F-7 units. The Russell Retirement
Essentials Portfolio has E-5, E-6, E-7, I-5, I-6, I-7, F-5, F-6 and F-7. The
returns of each series of units may differ as a result of varying fees and expenses.
Series A and B units have the same management fee. Your adviser is paid a trailer
fee as compensation for providing services to you. Series 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. Series 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 Series
O units. Instead, each Series O investor negotiates a separate fee that is paid
directly by the investor. Series 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.
Series A units of Russell Canadian Equity Pool, Russell US Equity Pool, Russell
Overseas Equity Pool and Russell Canadian Fixed Income Pool have been available
since January 1993. The Emerging Markets Equity Series A units have been available
since June 1997 and the Global Equity and Money Market Series A units have been
available since April 1998. With the exception of Russell Diversified Monthly
Income Portfolio, Russell Retirement Essentials Portfolio and Russell Core Plus
Fixed Income Pool, Series B and F units of all the pools have been available
since 2001. Russell Core Plus Fixed Income Pool and the Series E units of all
the Russell Sovereign have been available since October 2007. Russell Core
Plus Fixed Income Pool has been available since October 2007. Russell
Retirement Essentials Portfolio has been available since March 2008. Series F-5,
F-7 and I-5 of Russell Diversified Monthly Income Portfolio have been available
since November 2005 and I-7 of Russell Diversified Monthly Income Portfolio has
been available since November 2004.
Unless otherwise noted, all the rates shown are for the period ending March 31,
2009. The rates shown are compounded yearly. They also include changes in unit
value and all money that has been re-invested.
Data sources include: S&P/TSX Composite Index, Dex Universe Bond
Index and Dex 30-day T-bills, Bank of Canada: Consumer Price Index, GIC's and
Conventional Mortgages, Standard and Poor's 500 Index, Dow Jones Industrial Average,
MSCI Regional and EAFE Indexes and MSCI Emerging Markets Index.
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.
**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 May 29, 2009 annualized by compounding the seven-day return and does not represent an actual one-year return. The Average Term is as of May 29, 2009.
*Inception: April 1998
Date of first publish: June 5, 2009
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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.
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© Russell Investments Canada Limited 2009. All Rights Reserved.
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