Fitch Rates National Municipal Money 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 -- National Municipal Money Fund is assigned a money market fund rating of 'AAA/V1+' by Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. . 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 as high a level of current income that is consistent with preserving capital and providing liquidity. The fund pursues its objective by investing in high-quality, short-term municipal securities. 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 manager is Neuberger Berman Management Inc. and engages Lehman Brothers Asset Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control as the sub-advisor. Neuberger Berman Management Inc. and Lehman Brothers Asset Management LLC are subsidiaries of Lehman Brothers Holdings Inc. Lehman Brothers Investment Management Division had assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. of $207 billion as of Aug. 31, 2006. For more information, please look for the (Lehman Brothers) National Municipal Money 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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