A release entitled, "Moody's assigns Aaa to HighMark Treasury Plus Money Market Fund" says, "Moody's Investors Service has assigned a money market fund rating of Aaa to HighMark Treasury Plus Money Market Fund. The rating reflects the high credit quality, strong liquidity profile and limited market risk exposure of the fund as well as the effective investment process and adequate risk management structure of the advisor. The fund seeks current income while preserving capital and liquidity. In line with its mandate, the fund invests in US Treasury securities or overnight repurchase agreements collateralized with treasury securities. In addition the fund may invest up to 20% in other securities that are issued or guaranteed by the US government.... The fund currently has approximately $200 million in assets under management which are largely sourced through relationships with the advisor's parent, Union Bank N.A.. Although this fund has had concentrated exposure to certain repurchase agreement counterparties and has some shareholder concentration given the small size of the fund, the high credit quality and the liquid nature of the securities that can be purchased by this fund combine to mitigate the resulting risk."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
March December December
February November November
January October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September