Fitch Rates BNY Hamilton U.S. Dollar Treasury Liquidity Fund 'AAA/V1+'.NEW YORK -- BNY BNY Bank of New York Hamilton U.S. Dollar Treasury Liquidity 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 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 maintenance of liquidity. The fund pursues its objective by investing in high-quality, short-term obligations of the U.S. Treasury and repurchase agreements collateralized by such obligations. 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 advisor is BNY Asset Management, the investment management division of The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. . The Bank manages $119 billion in assets, including over $30 billion in money market assets. For more information, please look for the BNY Hamilton U.S. Dollar Treasury Liquidity Fund Profile to be published shortly on the Fitch Ratings web site at 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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