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Investment Objective
The objective of the Desjardins Money Market Fund is to provide unitholders with steady income while protecting capital and maintaining liquidity. To do so, the Fund invests mainly in short-term money market securities, particularly commercial paper and bankers’ acceptances, Treasury Bills and short-term corporate, municipal or school bonds.
Investment Strategies
To achieve the Fund’s objective, the portfolio manager:
 | Selects securities based on relative values;
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| Diversifies risks by investing in numerous issuers, both governments and companies;
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| Adjusts the portfolio duration according to its forecasts of short-term interest rate trends ;
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| Does not use derivatives;
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| Does not invest in foreign assets. |
What Are the Risks of Investing in This Fund?
Although the risk level of the Desjardins Money Market Fund remains very low, interest rate risk should be taken into account.
Who Should Invest in This Fund?
The Desjardins Money Market Fund is ideal for investors with very low risk tolerance.
Portfolio Manager
Desjardins Global Asset Management Inc.
Fund Information
Type of fund
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Canadian money market fund
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Inception
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January 15, 1989
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Type of securities
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Mutual fund units
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Eligibility
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100% eligible for RRSPs, LIRAs, RRIFs, LIFs, DPSPs, RESPs
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Management expense ratio
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1.15%
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Income distribution frequency
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Monthly
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Capital gains distribution frequency
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Annual
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