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Agusto & Co. affirms the “A(f)-“ rating assigned to AXA Mansard Money Market Fund

Rating Release

Agusto & Co. affirms the “A(f)-“ rating assigned to AXA Mansard Money Market Fund

The rating expires on 31 December 2019.

The Rating assigned to AXA Mansard Money Market Fund (the Fund or AXA MMF) reflect the Fund’s conservative guidelines with respect to credit and liquidity risk, with an average of 76% of net assets held in FGN securities. However, we note that the Fund occasionally exceeded the 90-day regulatory WAM limit prescribed for money market funds.

This Rating Release is transmitted to you for the sole purpose of dissemination through your newspaper / magazine / agency. The rating release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Agusto & Co.