Rating Release
Agusto & Co. hereby affirms the A+(f) rating assigned to First Trustees ARM Money Market Fund
The rating expires on 7 December 2026
Agusto & Co. hereby affirms the ‘A+(f)’ assigned to First Trustees ARM Money Market Fund (‘ARM MMF’ or ‘the Fund’). The rating is upheld by ARM MMF’s continued low exposure to liquidity and interest rate risks, as well as ARM Investment Managers Limited’s (‘ARM IM’ or ‘the Manager’) good operational track record in the asset management industry. However, the rating is constrained by the Fund’s exposure to a counterparty with a publicly available speculative credit rating during the review period, which accounted for 5% of ARM MMF’s portfolio.