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MMK seeks to maximize current income while maintaining capital preservation and liquidity by broadly investing in money market instruments. The actively managed fund employs its credit research team to assess the relative attractiveness of instruments based on the general interest rates and market supply/demand imbalances. The fund invests in US government securities (T-bills, notes, and bonds), USD-denominated certificates of deposit and time deposits from banks, US and non-US commercial paper, high-quality company obligations, asset-backed and mortgage-related securities, and repurchase agreements. The fund invests in low-risk, high-quality debt with maturities of 397 days or less, targeting a dollar-weighted average maturity of no more than 60 days and a dollar-weighted average life of 120 days or less. The fund typically invests over 25% in bank obligations. As share price and NAV are expected to fluctuate, shares may be worth more or less than their original price when sold.
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| — | US DOLLAR | 33.83% | $9.62M |
| — | TREASURY BILL | 1.74% | $495.77K |
| — | MACKINAC FUNDING | 1.40% | $397.33K |
| — | HSBC BANK PLC | 1.23% | $350.16K |
| — | NORDEA BANK ABP | 1.23% | $350.14K |
| — | BARCLAYS BK PLC NEW YORK BRH I 09/26 FIXED 4.1 | 1.23% | $350.06K |
| — | NATL AUSTRALIA BK LT | 1.23% | $350.05K |
| — | COMMONWEALTH BK AUSTRALIA 09/26 VAR | 1.23% | $350.05K |
| — | MIZUHO BK LTD NEW YORK BRH INS | 1.23% | $350.05K |
| — | PARK AVE COLL NOTES 11/26 VAR | 1.23% | $350.03K |
| — | SWEDBANK AB PUBL IAM COML PAPE 02/27 VAR | 1.23% | $350.01K |
| — | ROYAL BANK OF CANADA | 1.23% | $350.01K |
| — | SUMITOMO MITSUI BKG CORP IAM C 08/26 VAR | 1.23% | $350.00K |
| — | MERRILL LYNCH TRI PARTY E REPO | 1.23% | $350.00K |
| — | CREDIT AGRICOLE CIB TD - 06Jul26 | 1.23% | $350.00K |
| — | NORINCHUKIN BK NEW YORK BRH IN | 1.23% | $350.00K |
| — | OVERSEA CHINESE BK CO NY 10/26 VAR | 1.23% | $350.00K |
| — | BANK NOVA SCOTIA HOUSTON TEX | 1.23% | $350.00K |
| — | ROYAL BANK OF CANADA | 1.23% | $349.98K |
| — | OVERSEA CHINESE BK CO NY 10/26 FIXED 3.89 | 1.23% | $349.92K |
| — | CHESHAM FNC/ CHESH LLC | 1.23% | $349.86K |
| — | VERTO CAP I 144A DISC COML PAP | 1.23% | $349.86K |
| — | BPCE 07/26 ZCP | 1.23% | $349.79K |
| — | ANGLESEA FDG PLC + ANG | 1.23% | $349.79K |
| — | ANGLESEA FDG PLC + ANG | 1.23% | $349.75K |