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Money Market Funds Prices

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Money Market Funds Prices at October 20 2020
Offer PriceYield12 Mth Return to
October 20 2020
Average
Maturity
(days)
Fund size
(Millions)
Minimum
Investment
Offer PriceYield12 Mth Return to June 30, 2020Average Maturity (days)Fund size (Millions)Minimum Investment
US Dollar A Class
25.67030.027%1.22%3665010,000
US Dollar B Class
26.16970.027%1.32%367795,000,000
US Dollar D Class
0.00000.000%0.00%00.00Distributors
Sterling A Class
20.47640.000%0.37%342010,000
Sterling B Class
20.89870.000%0.46%3405,000,000
Canadian Dollar A Class
17.27680.014%0.94%342610,000
Canadian Dollar B Class
17.73920.014%1.04%3405,000,000
Canadian Dollar D Class
0.00000.000%0.00%00Distributors
Euro A Class
0.00000.000%0.00%0010,000
Euro B Class
0.00000.000%0.00%005,000,000
 

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Butterfield Money Market Fund Limited, Sterling Class subscriptions suspended
 
Effective Friday, 18 September 2020 the Butterfield Money Market Fund Limited, Sterling Class will cease accepting subscriptions. Without positive yields to invest, the Fund will be unable to maintain its principal stability mandate as subsequent subscriptions will dilute the yield of current investors; therefore, all further subscriptions are suspended pending a further review.
 
There are no restrictions to redemptions; however, existing clients should note that any funds redeemed cannot be re-subscribed at this time.
 
The Fund was established as a Principal Stability Fund and is rated AAAm by Standard & Poor’s Fund Rating service under their Principal Stability Fund rules and guidelines.
 
For more information contact Butterfield’s Investment Centre at invest.bermuda@butterfieldgroup.com or (441) 299 3817

 

 

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