RNT Natixis Liquid Prime Portfolio
We understand what most Treasury professionals are seeking when it comes to making their liquidity and short-term investment decisions: Credit Quality, Performance, and Transparency. All three prove critical in helping to best align your short-term cash allocations with your investment policy guidelines. The RNT Natixis Liquid Prime Portfolio was designed specifically to meet these needs and create a new standard in which Treasury professionals utilize money market mutual funds for their liquidity and short-term investment needs.
Moody's Aaa-mf
Credit Quality
Our “credit before yield” strategy stems from a rigorous and time tested strategy created by our in-house credit and research team. The credit approval process is the foundation from which our portfolio management team structures the Fund on a daily basis. We rely solely on our in-house research in selecting the issuers and credits for which can be invested in the Fund.
The Fund invests in Tier 1, A1/P1 paper and is rated Aaa-mf by Moody’s and AAAm by Standard & Poor’s.
Performance
The RNT Natixis Liquid Prime Portfolio has demonstrated consistent strong performance as a result of its credit and portfolio management expertise coupled with an attractive pricing strategy.
The fund is the #6 Performing Institutional Prime fund based on 7-day yield, according to Crane Data out of 162 prime funds, as of May 10, 2013.
| RNT Natixis Liquid Prime Portfolio | 7-Day Yield |
|---|---|
| Treasurer Class (LQTXX) | .08% |
| Liquidity Class (LIQXX) | .05% |
| Crane Data Institutional Prime Avg. | 0.04% |
| As of May 10, 2013 | |
Charged Expenses
| RNT Natixis Liquid Prime Portfolio (Treasurer Class) | 0.15% |
|---|---|
| Prime Institutional Average | 0.19% |
| Source: Crane Data | As of May 10, 2013 |
Transparency
The RNT Natixis Liquid Prime Portfolio is one of the first money market mutual funds to embrace the concept of complete transparency. Meaning, portfolio holdings and its approved issuer list are posted to this site on a daily basis.
Reich & Tang’s position is that it we have a responsibility to inform shareholders about their investments. Having access to daily holdings and the approved issuer list greatly enhances and expedites the due diligence process for shareholders and enables them to better evaluate the Fund for suitability as it relates to their investment guidelines.
Weighted Average Maturity/Liquidity
The RNT Natixis Liquid Prime Portfolio is an institutional money market fund. The ability to access daily liquidity from a money fund is critical for all shareholders, and, we believe, even more so for institutional investors. This being the case, the Fund employs a highly conservative weighted average maturity (WAM) and liquidity strategy.
Weighted Average Maturity
| RNT Natixis Liquid Prime Portfolio | 37 days |
|---|---|
| Prime Institutional Average | 44 days |
| Source: Crane Data | As of May 10, 2013 |
The SEC has mandated that all money market funds must maintain at least at least 30% of their portfolios in maturities of one week or less, and at least 10% of its assets in overnight instruments. The Fund takes a more conservative approach with its liquidity and WAM strategy relative to SEC mandates and its peer group.
Liquidity
| Matures Overnight | Matures in 1 Week or less | |
|---|---|---|
| SEC Mandate | 12% | 30% |
| RNT Natixis Liquid Prime Portfolio | 40% | 54% |
| Source: Reich & Tang | As of April 30, 2013 | |
Daily Income Fund - RNT Natixis Liquid Prime Portfolio |
| AAAm rated by Standard & Poor's and Aaa-mf rated by Moody's. Invests in commercial paper, floating rate notes, and domestic and foreign bank obligations. |
| Liquidity Class |
| Treasurer Class |
Past performance is not a guarantee of future results. Investment returns and the principal value of money market funds will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current yields may be higher or lower than the yield data quoted and the Fund’s performance ranking may vary. Yield quotation more closely reflects the current earnings of the money market fund than the total return quotation.
Please consider the investment objectives, risks, charges and expenses of the money market funds carefully before investing. The prospectus contains this and other information about the funds. Please read it carefully before investing. To obtain a prospectus, please call Reich & Tang at 800 433-1918. An investment in money market funds is not insured or guaranteed by the FDIC or any other governmental agency. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the funds.
Credit ratings do not provide assurance against default or other loss of money and can change.
Standard & Poor's money market fund rating criteria reflect an opinion of the safety of invested principal based on an analysis of portfolio credit quality, market price exposure, and conservative management. A money market fund rating is not a recommendation to buy or sell. Ratings do not serve to remove market risk and are subject to change.
Go to www.moodys.com for Moody's Managed Funds Credit Quality Ratings Methodology.
Money market funds distributed by Reich & Tang Distributors, Inc. Member FINRA