Fitch Rates Alpine Municipal Money Market Fund 'AAA/V1+'.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Alpine Municipal Money Market Fund is assigned a money market fund rating of 'AAA/V1+' by Fitch Ratings. The rating reflects the fund's high credit quality, conservative investment policies, and strong ability to provide shareholders with a constant $1.00 per share valuation. Portfolio valuation reports are submitted to Fitch weekly. The investment objective of the fund is to provide a high level of federal tax-exempt current income consistent with the preservation of capital Preservation of Capital An investment strategy whose primary goal is to prevent the loss of an investment's total value. Notes: For investors using the capital preservation strategy to achieve their goal, they must ensure their portfolio is producing a return that is at and the maintenance of liquidity. The fund pursues its objective by investing in high quality, short-term municipal securities. Fitch requires a weighted average maturity (WAM WAM - Intermediate language for compiled Prolog, used by the Warren Abstract Machine. "An Abstract Prolog Instruction Set", D.H.D. Warren, TR 309, SRI 1983. ) of all assets on a dollar-weighted basis to be 60 days or less for a 'AAA/V1+' rated fund. The WAM as of July 27, 2006 was 13 days. Fitch assigns the 'V1+' volatility rating to distinguish money market funds that will maintain stable principal values from bond funds that experience fluctuating net asset values (NAV See navigation system and navigation bar. ) but nevertheless carry 'AAA' credit ratings and/or 'V1' volatility ratings. Bond funds are rated on a scale from 'V1' (least volatile, but still displaying NAV variability) to 'V10' (most volatile). The fund's investment adviser is Alpine Woods Capital Investors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Alpine). Established in 1998, Alpine manages over $3.5 billion in 9 mutual funds, 3 hedge funds, 1 closed-end fund and private accounts. For more information, please look for the Alpine Municipal Money Market Fund Manager Profile to be published shortly on the Fitch Ratings web site www.fitchratings.com. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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