The Fund was incorporated as an exempted Company under the laws of the Cayman Islands on February 19, 1998.
The LOM Money Market Fund is a Fund designed to preserve investors' capital and liquidity while providing, though active management, a return in line with short -term money rates of the currency in which the class is denominated.
The assets of the Fund's U.S. Money Market Class may be invested in money market instruments that are issued or guaranteed as to principal and interest by the United States government and, therefore, constitute direct obligations of the United States of America ("U.S. Treasury obligations'). U.S. Treasury Obligations include instruments issued by such Federal Agencies as the Export -Import bank of the United States, the General Service Administration, the Government of National Mortgage Association and the Small Business Administration.
The assets of the Fund's Canadian Money Market Class may be invested in money market instruments that are issued or guaranteed as to principal and interest by the Canadian government and, therefore, constitute direct obligations of Canada ("Canadian Treasury obligations'). Canadian Treasury obligations include instruments issued by such Federal Agencies as the Export Development Corporation, the Canada Wheat Board, and the Canada Deposit Insurance Corporation.
The assets of the Fund's Euro Money Market Class may be invested in commercial paper, banker's acceptances, certificates of deposit, bank deposits, short-term obligations and any Euro denominated government bond, provided that it is of investment quality.
The listing of the LOM Money Market Fund is sponsored by Lines Overseas Management Limited. The securities are being listed under the BSX Listing Regulations for Collective Investment Schemes and the provisions for Publicly Traded Issues.
"The listing of the LOM Money Market Fund broadens the scope of products listed on the Exchange associated with Bermuda based investment services providers", said Mr. James S. McKirdy, Listing Manager of the BSX.