UBS RMA Government Money Market Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.0%
1 yr return
4.4%
3 Yr Avg Return
3.1%
5 Yr Avg Return
1.9%
Net Assets
$1.2 B
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.68%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RMGXX - Profile
Distributions
- YTD Total Return 4.0%
- 3 Yr Annualized Total Return 3.1%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.01%
- Dividend Yield 4.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameUBS RMA Government Money Market Fund
-
Fund Family NameUBSASSETMT
-
Inception DateJun 24, 2016
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
The fund is a money market fund and seeks to maintain a stable price of $1.00 per share. To do this, the fund invests in a diversified portfolio of high quality, US government money market instruments and in related repurchase agreements.
Money market instruments generally are short-term debt obligations. They also may include longer-term bonds that have variable interest rates or other special features (e.g., a put option) that give them the financial characteristics of short-term debt. The fund has adopted a policy to invest 99.5% or more of its total assets in cash, government securities, and/or repurchase agreements that are collateralized fully (i.e., collateralized by cash and/or government securities) in order to qualify as a “government money market fund” under federal regulations. Many US government money market instruments, including those in which the fund invests, pay income that is generally exempt from state and local income tax, although they may be subject to corporate franchise tax in some states. The fund generally seeks to invest in securities the income from which is considered “qualified interest income” under relevant tax law and guidance. Thus, the fund generally expects its distributions to be exempt from US withholding tax when paid to non-US investors. In addition, under normal circumstances, the fund invests at least 80% of its net assets in US government securities, including government securities subject to repurchase agreements. US government securities include direct obligations of the US Treasury (such as Treasury bills, notes or bonds) and obligations issued or guaranteed as to principal and interest (but not as to market value) by the US government, its agencies or its instrumentalities. Government securities subject to repurchase agreements include repurchase agreements that are collateralized fully by government securities.
The fund may invest a significant percentage (50% or more) of its assets in repurchase agreements. Repurchase agreements are transactions in which the fund purchases government securities and simultaneously commits to resell them to the same counterparty at a future time and at a price reflecting a market rate of
interest. Income from repurchase agreements may not be exempt from state and local income taxation. Repurchase agreements often offer a higher yield than investments directly in government securities. In deciding whether an investment in a repurchase agreement is more attractive than a direct investment in government securities, the fund considers the possible loss of this tax advantage.
The fund invests in securities through an underlying master fund. The fund and its corresponding master fund have the same objective. Unless otherwise indicated, references to the fund include the master fund.
Management process
UBS Asset Management (Americas) LLC (“UBS AM”) acts as the investment advisor. As investment advisor, UBS AM makes the fund’s investment decisions. UBS AM selects money market instruments for the fund based on its assessment of relative values and changes in market and economic conditions.
UBS AM considers safety of principal and liquidity in selecting securities for the fund and thus may not buy securities that pay the highest yield.
RMGXX - Performance
Return Ranking - Trailing
Period | RMGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.0% | 0.5% | 9.5% | 68.81% |
1 Yr | 4.4% | 0.5% | 10.0% | 74.26% |
3 Yr | 3.1%* | 0.7% | 5.1% | 71.94% |
5 Yr | 1.9%* | 0.5% | 110.7% | 77.23% |
10 Yr | N/A* | 0.4% | 32.4% | N/A |
* Annualized
Return Ranking - Calendar
Period | RMGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.0% | -0.1% | 5.0% | 85.28% |
2022 | 0.0% | 0.0% | 1.2% | 89.09% |
2021 | 0.0% | 0.0% | 0.0% | 90.11% |
2020 | 0.0% | 0.0% | 0.4% | 90.96% |
2019 | 0.0% | 0.0% | 2.0% | 90.88% |
Total Return Ranking - Trailing
Period | RMGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.0% | 0.5% | 9.5% | 68.81% |
1 Yr | 4.4% | 0.5% | 10.0% | 74.26% |
3 Yr | 3.1%* | 0.7% | 5.1% | 71.94% |
5 Yr | 1.9%* | 0.5% | 110.7% | 77.23% |
10 Yr | N/A* | 0.4% | 32.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | RMGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.9% | 0.8% | 5.9% | 61.42% |
2022 | 1.2% | 0.0% | 1.7% | 50.39% |
2021 | 0.0% | 0.0% | 1.9% | 35.99% |
2020 | 0.2% | 0.0% | 3.0% | 83.73% |
2019 | 0.0% | 0.0% | 3797.9% | 99.06% |
NAV & Total Return History
RMGXX - Holdings
Concentration Analysis
RMGXX | Category Low | Category High | RMGXX % Rank | |
---|---|---|---|---|
Net Assets | 1.2 B | 818 K | 211 B | 25.25% |
Number of Holdings | 1 | 1 | 346 | 97.77% |
Net Assets in Top 10 | 922 M | 147 K | 163 B | 76.92% |
Weighting of Top 10 | 100.00% | 22.7% | 100.0% | 7.91% |
Top 10 Holdings
- Government Master Fund 100.00%
- Government Master Fund 100.00%
- Government Master Fund 100.00%
- Government Master Fund 100.00%
- Government Master Fund 100.00%
- Government Master Fund 100.00%
- Government Master Fund 100.00%
- Government Master Fund 100.00%
- Government Master Fund 100.00%
- Government Master Fund 100.00%
Asset Allocation
Weighting | Return Low | Return High | RMGXX % Rank | |
---|---|---|---|---|
Cash | 100.00% | 25.56% | 100.00% | 8.66% |
Stocks | 0.00% | 0.00% | 0.00% | 89.11% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 89.11% |
Other | 0.00% | -1.67% | 0.04% | 87.87% |
Convertible Bonds | 0.00% | 0.00% | 21.22% | 91.09% |
Bonds | 0.00% | 0.00% | 74.44% | 97.77% |
RMGXX - Expenses
Operational Fees
RMGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.68% | 0.07% | 2.23% | 19.55% |
Management Fee | 0.20% | 0.03% | 0.50% | 80.20% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.55% | 66.20% |
Sales Fees
RMGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 5.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
RMGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 5.00% | 5.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
RMGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 485.00% | N/A |
RMGXX - Distributions
Dividend Yield Analysis
RMGXX | Category Low | Category High | RMGXX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.44% | 0.00% | 5.42% | 76.73% |
Dividend Distribution Analysis
RMGXX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
RMGXX | Category Low | Category High | RMGXX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.01% | -1.09% | 1.67% | 73.67% |
Capital Gain Distribution Analysis
RMGXX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.004 | OrdinaryDividend |
Aug 30, 2024 | $0.004 | OrdinaryDividend |
Jul 31, 2024 | $0.004 | OrdinaryDividend |
Apr 30, 2024 | $0.004 | OrdinaryDividend |
Mar 28, 2024 | $0.004 | OrdinaryDividend |
Feb 29, 2024 | $0.004 | OrdinaryDividend |
Jan 31, 2024 | $0.004 | OrdinaryDividend |
Dec 29, 2023 | $0.004 | OrdinaryDividend |
Nov 30, 2023 | $0.004 | OrdinaryDividend |
Oct 31, 2023 | $0.005 | OrdinaryDividend |
Sep 29, 2023 | $0.004 | OrdinaryDividend |
Aug 31, 2023 | $0.004 | OrdinaryDividend |
Jul 31, 2023 | $0.004 | OrdinaryDividend |
Jun 30, 2023 | $0.004 | OrdinaryDividend |
May 31, 2023 | $0.004 | OrdinaryDividend |
Apr 28, 2023 | $0.004 | OrdinaryDividend |
Mar 31, 2023 | $0.004 | OrdinaryDividend |
Feb 28, 2023 | $0.003 | OrdinaryDividend |
Jan 31, 2023 | $0.003 | OrdinaryDividend |
Dec 30, 2022 | $0.003 | OrdinaryDividend |
Nov 30, 2022 | $0.003 | OrdinaryDividend |
Oct 31, 2022 | $0.002 | OrdinaryDividend |
Sep 30, 2022 | $0.002 | OrdinaryDividend |
Aug 31, 2022 | $0.001 | OrdinaryDividend |
Jul 29, 2022 | $0.001 | OrdinaryDividend |
Jun 30, 2022 | $0.000 | OrdinaryDividend |
May 31, 2022 | $0.000 | OrdinaryDividend |
Apr 29, 2022 | $0.000 | OrdinaryDividend |
Mar 31, 2022 | $0.000 | OrdinaryDividend |
Feb 28, 2022 | $0.000 | OrdinaryDividend |
Jan 31, 2022 | $0.000 | OrdinaryDividend |
Dec 31, 2021 | $0.000 | OrdinaryDividend |
Dec 09, 2021 | $0.000 | CapitalGainShortTerm |
Dec 09, 2021 | $0.000 | CapitalGainLongTerm |
Nov 30, 2021 | $0.000 | OrdinaryDividend |
Oct 29, 2021 | $0.000 | OrdinaryDividend |
Sep 30, 2021 | $0.000 | OrdinaryDividend |
Aug 31, 2021 | $0.000 | OrdinaryDividend |
Jul 30, 2021 | $0.000 | OrdinaryDividend |
Jun 30, 2021 | $0.000 | OrdinaryDividend |
May 28, 2021 | $0.000 | OrdinaryDividend |
Apr 30, 2021 | $0.000 | OrdinaryDividend |
Mar 31, 2021 | $0.000 | OrdinaryDividend |
Feb 26, 2021 | $0.000 | OrdinaryDividend |
Jan 29, 2021 | $0.000 | OrdinaryDividend |
Dec 31, 2020 | $0.000 | OrdinaryDividend |
Dec 10, 2020 | $0.000 | CapitalGainShortTerm |
Nov 30, 2020 | $0.000 | OrdinaryDividend |
Oct 30, 2020 | $0.000 | OrdinaryDividend |
Sep 30, 2020 | $0.000 | OrdinaryDividend |
Aug 31, 2020 | $0.000 | OrdinaryDividend |
Jul 31, 2020 | $0.000 | OrdinaryDividend |
Jun 30, 2020 | $0.000 | OrdinaryDividend |
May 29, 2020 | $0.000 | OrdinaryDividend |
Apr 30, 2020 | $0.000 | OrdinaryDividend |
Mar 31, 2020 | $0.000 | OrdinaryDividend |
Feb 28, 2020 | $0.001 | OrdinaryDividend |
Jan 31, 2020 | $0.001 | OrdinaryDividend |
Dec 13, 2016 | $0.000 | CapitalGainShortTerm |