Signon to Passport
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Peter Yi With Northern Trust since 2000 |
Fact Sheet 
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This Fund is an attractive choice for those investors who are looking for liquidity and convenience with the advantage of money market rates. A broad range of short-term government, bank and commercial obligations can offer you the potential for attractive current income with minimal risk.
Fund Objective: The Fund seeks to maximize current income to the extent consistent with the preservation of capital and maintenance of liquidity by investing exclusively in high quality money market instruments.
Fund Objective: The Fund seeks to maximize current income to the extent consistent with the preservation of capital and maintenance of liquidity by investing exclusively in high quality money market instruments.
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The Advisor has agreed to reimburse certain expenses of the Fund. The contractual reimbursement arrangement is expected to continue until at least July 31, 2011. After this date, the contractual arrangements may be terminated if it is determined to be in the best interest of the Fund and its shareholders. In the absence of fee waivers, yield, total return, growth since inception and dividends would have been reduced. Total return is based on net change in NAV assuming reinvestment of distributions. The 7-day current yield more closely reflects the current earnings of the Fund than the total returns. The Fund also includes voluntary fee waivers that may change or end at any time. The 7-Day current yield would have been -0.31% as of July 31, 2010.
Disclosure
| Yield Comparisons Average Monthly Rates | ||
| Money Market Fund | iMoney Net MFR Average™/First Tier Retail | |
| 2010 | ||
| July | 0.02% | 0.05% |
| June | 0.01% | 0.02% |
| May | 0.01% | 0.02% |
| April | 0.01% | 0.02% |
| March | 0.01% | 0.02% |
| February | 0.01% | 0.02% |
| January | 0.01% | 0.02% |
| 2009 | ||
| December | 0.01% | 0.03% |
| November | 0.01% | 0.03% |
| October | 0.01% | 0.03% |
| September | 0.01% | 0.04% |
| August | 0.01% | 0.05% |
| Gross Expense Ratio | Net Expense Ratio* | |
| Money Market (NORXX) | 0.48% | 0.45% |
| *Includes contractual expense reimbursements that, if not extended, will end on July 31, 2011. The Fund also includes voluntary fee waivers that may change or end at any time. | ||
| 2009 | 2008 | 2007 | 2006 | 2005 | |
| Money Market | 0.13% | 1.89% | 4.83% | 4.59% | 2.76% |
| iMoney Net MFR AverageTM/First Tier Retail | 0.18% | 2.12% | 4.48% | 4.22% | 2.44% |
| Performance quoted represents past performance and does not guarantee future results. | |||||
as of
July 31, 2010
| Number of Holdings | 135 |
| Average Maturity | 48 DAYS |
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