The investment objective of the Pro Money Market Fund is to provide investors maximum protection of capital while providing a competitive short-term rate of return.
The Fund invests in high quality money market instruments, including commercial paper issued by corporations, short-term notes, treasury bills and other money market instruments, floating-rate notes, term deposits at Canadian banks, bonds and debentures including treasury bills issued by the Government of Canada or by the government of a province of Canada, and certain corporations. The weighted average term to maturity of the Fund’s investments must be no more than 90 days. The Fund aims to maintain a constant net asset value of $10.00 per unit.