Standard & Poor's (S&P) has affirmed its highest money market rating of triple-'Am' to the LOM Money Market Fund Class A and the LOM Money Market Fund Class AI.

The ratings are based on S&P's assessment of the fund's expected credit quality characteristics, investment policies, and management.

A triple-'Am' rating signifies excellent safety of invested principal and a superior capacity to maintain principal at all times and is accomplished through conservative investment practices and strict internal controls.

In connection with the rating, S&P's will review the fund's portfolio holdings on an ongoing basis.

"The rating is a symbol of the conservative nature of the fund as well as our team's ability to manage a liquidity fund in a difficult investment environment," said lead portfolio manager, Jon Heckscher.

The fund was launched in 1998. Its investment objective is "to achieve as high a level of current income as is consistent with preserving capital and providing liquidity." In pursuing this objective, the fund will invest in an array of high quality US short-term, money-market securities.

The fund is to maintain strong credit quality standards, with at least 50 percent of the fund's assets held in securities rated 'A-1+' by Standard & Poor's or equivalent and the rest in 'A-1' or equivalent. In addition, the fund plans to maintain a weighted average maturity of 60 days or less.

The investment adviser for the fund is LOM Asset Management Limited, a wholly owned subsidiary of LOM (Holdings) Limited. As investment adviser, LOMAM sets the investment strategy for the fund, selects fund investments, and executes trades.

Not including the newly-rated fund, LOMAM manages three money-market funds (Canadian dollars, pound sterling and euros) as well as a full suite of mutual funds. Together, the funds comprise over $200 million in assets under management.