Fund Detail: AIM STIT STIC Prime Cash Mgmt
(as of Feb 28, 2010)
The following data is available free of charge, after registration.
| Basic | |||
|---|---|---|---|
| Crane Symbol | Target | ||
| AM (days) | Category | ||
| Assets ($M) | Minimum ($K) | ||
| Expenses | Inception | ||
| 7-Day Effective | AAA-Rated | ||
| 7-Day Yield | 7-Day Rank1 | ||
| 30-Day Yield | 30-Day Rank1 | ||
| Contact | |||
| Fund Phone | |||
| Website | http://www.aiminvestments.com | ||
The following information is available to subscribers of Money Fund Intelligence:
| Returns | |||
|---|---|---|---|
| 1-Year 2 | 1-Year Rank1 | ||
| 3-Year2 | 3-Year Rank1 | ||
| 5-Year2 | 1-Month3 | ||
| 10-Year 2 | 3-Month3 | ||
| Since Inception2 | YTD3 | ||
| Legend | |
|---|---|
| 1) Rankings within fund's type and category.
2) Annualized compound returns. 3) Cumulative simple returns. 4) Approximation; may be inexact due to rounding errors. |
|
More information fields, and sorting capabilities, available in Money Fund Intelligence and Money Fund Intelligence XLS hardcopy.
Definitions & Formulas
Crane Data makes every effort to obtain the most accurate statistics possible but we cannot be held responsible for incorrect information. Information is obtained from multiple sources. Money Fund Intelligence™ is for informational purposes only and should not be considered investment advice. Prospectuses and advisers should be consulted before investing. Money funds are not guaranteed by the FDIC or any government agency and may lose value. Italics indicates dated or estimated information. Additional funds, fund types, and averages will be added in coming months. Fund: Name of portfolio and share class. We attempt to list the full legal name, but abbreviations and changes are often needed. MMF=Money Market Fund, Inst=Institutional, Govt=Government. Symbol: NASDAQ Ticker Symbol. If a fund has no ticker, we assign an ID with a number in it (e.g. AIM01). Assets: Total share class investments in millions of dollars. Portfolio assets are available in MFI XLS. AM: Average weighted maturity (in # of days). Exp%: Total Expense Ratio (after waivers) as annual percentage, includes all management, 12b-1, shareholder service and administrative fees. Obtained from prospectus, accountant, fund management company or website. 7Day%: 7-Day (SEC) simple annualized yield in percent. Dividends paid over 7 days are added, divided by 7, then multiplied by 365*100 (for %). (To compound, use the SEC's formula from Form N-1A. Effective Yield= [(Base Period Return + 1)365/7] -1) 1Month: monthly return annualized in percent. 3Mo: 3-month cumulative (unannualized) returns in %. YTD: Year-to-date returns (unannnualized in %). 1 Yr%: One year total return (annualized, compound). 3Yr%: Average annualized returns for prior 36 months. 5Yr%: Average annualized total returns for prior 60 months. 10Yr%: Average annualized total returns for prior 120 months. Incept: Average annualized return since inception. Inception Date: Fund's first day of operation. Gross7: Gross 7-day yield in % (simple), calculated by adding expense ratio to current 7-day yield (annualized).
Link of the Day
more links »MMMF Assets Drop Below $3.1 Trillion
ICI's latest weekly "Money Market Mutual Fund Assets shows assets falling below the $3.1 trillion level for the first time since November 2007. Yesterday afternoon's release said, "Total money market mutual fund assets decreased by $36.22 billion to $3.090 trillion for the week ended Wednesday, March 10, the Investment Company Institute reported today. Taxable government funds decreased by $18.82 billion, taxable non-government funds decreased by $12.35 billion, and tax-exempt funds decreased by $5.05 billion." Year-to-date, money fund assets have declined by $203 billion, or 6.2%, with institutional assets falling $169 billion, or 7.6%, and retail assets falling $34 billion, or 3.2%. Over 52 weeks, money fund assets have fallen a startling $816 billion, or 20.9%. (Institutional assets have fallen $485 billion, or 19.1%, and retail assets have fallen $331 billion, or 24.3%.) In other news, see "FDIC Board Approves An Extension Regarding the Safe Harbor Protection for Securitizations", which says, "The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved by notational vote an extension through September 30, 2010 of the Safe Harbor Protection for Treatment by the FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution in Connection With a Securitization or Participation." (The ASF send out a release too.) Finally, see The Wall Street Journal's "Reserve Management Demands Trial in Fraud Case".
Fitch Europe Money Market Fund Primer
A press release posted on Nasdaq.com says, "Fitch Ratings has released a primer for investors on European Money Market Funds (MMFs) which provides clear and key insights into the EUR1.3trn sector, as well as explaining how different funds operate and the risks they present among other factors. The primer, which is presented in an easy-to-navigate question and answer format, aims to answer investors' questions about money market funds, such as who bears the risks, the differences between MMFs and other cash instruments, and which risks are embedded in such funds among other pointers. In addition, Fitch provides additional information explaining how the agency rates money market funds, and on its new MMF rating scale introduced in October 2009." Aymeric Poizot, head of Fitch Ratings EMEA Fund and Asset Manager Ratings group says, "Fitch provides MMF ratings to help investors compare between funds and distinguish between true/traditional money market funds and so-called liquidity plus or enhanced cash funds whose risk profiles may be more akin to short-term bond funds.
Federal Register Version of SEC's Money Market Fund Reforms Posted
The more printer-friendly (62-pages) Federal Register version of the SEC's Money Market Fund Reforms was recently posted on the SEC's Final Rules web page. Also, the New York Federal Reserve, which yesterday issued its "Statement Regarding Counterparties for Reverse Repurchase Agreements," added a clarifying document, "RRP Eligibility Criteria for Money Funds: Frequently Asked Questions." A couple of the Q&A's include: "Does the $20 billion net assets requirement apply to the money fund or the fund family? The net asset requirement applies to the RRP counterparty applicant, which is the money market fund itself. As stated in the RRP Eligibility Criteria for Money Funds, to be accepted as a RRP counterparty, an applicant must, among other things, be a money market fund that satisfies the description set forth in Section I(A) and have net assets of no less than $20 billion for six consecutive months (measured at each month-end) prior to the submission of the application.... Will a seven-day put option be provided to money market funds who become RRP counterparties? Yes. As stated in footnote 4 in the RRP Eligibility Criteria for Money Funds, it is contemplated that for RRP with terms exceeding seven days, the RRP counterparty will be permitted to resell the securities to the New York Fed upon seven days prior notice. The specifics of this option will be provided in the New York Fed's Master Repurchase Agreement for money market funds, which the New York Fed expects to publish in about a month."