The rating is based on Standard & Poor's analysis of the fund's credit quality, investment
policies, market price exposure, and management. The rating signifies that the fund has a superior
ability to limit exposure to loss at all times, achieved through conservative investment practices
and strict internal controls. Standard & Poor's reviews the fund's portfolio holdings on a weekly
basis.
LOM Money Market Fund Ltd. is an open-ended investment company incorporated on February 19, 1998 as an exempted company under the laws of the Cayman Islands. Standard & Poor's previously assigned a triple- €˜Am' rating to the LOM Money Market Fund Ltd., Class A. Class AI is another share class of the rated fund where
shares are for institutional investors and denominated in United States Dollars. The LOM Money Market Fund's investment objective is to provide preservation of capital, liquidity, and returns that are similar to short-term money
rates. The fund seeks to achieve its investment objective by purchasing money market instruments with first-tier ratings as defined by nationally recognized rating organizations, while maintaining disciplined and effective management strategies.
All investment decisions for the money fund are made by LOM Asset Management Limited. Lines
Oversees Management group was founded in 1992 by Brian and Scott Lines as an offshore full-service securities brokerage firm. Three years ago they began the LOM Asset Management Limited division, providing discretionary investment management, proprietary research, and administration of LOM money market funds. Lines Overseas Management Limited serves as the administrator and transfer agent, and acts as custodian for the fund's assets.
Currently there are over 70 employees spread over three LOM locations in Guernsey, Cayman, and Bermuda. The LOM Money Market Fund maintains high credit quality standards by investing at least 50% of fund assets in securities rated €˜A-1+' by Standard & Poor's (or its equivalent) and a maximum of 50% in securities rated €˜A-1'. The fund seeks to maintain a weighted average maturity of 50 days or less to enhance liquidity and diminish sensitivity to changing interest rates, Standard & Poor's said.