Westcore Funds offers investors the BlackRock Money Market Portfolio, which is managed by BlackRock. This money market fund complements Westcore's family of equity and bond funds.
For the current yield on this Money Market Portfolio, visit BlackRock's web site. The BlackRock Money Market Portfolio offered by Westcore Funds is termed "Money Market (Service)" with the ticker PNPXX on the BlackRock web site.
Investment Strategy
The BlackRock Money Market Portfolio invests in a broad range of short-term, high-quality, US-dollar denominated money-market instruments, including government, US and foreign bank, commercial and other obligations. Under normal market conditions, at least 25% of the Fund's total assets will be invested in obligations of issuers in the financial services industry or in obligations, such as repurchase agreements, secured by such obligations.
This Fund is available in the retail class only.
Risk Profile
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An investment in the BlackRock Money Market Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
The BlackRock Money Market Portfolio is distributed by BlackRock Investments, Inc. and is not affiliated with ALPS Distributors, Inc.
The risk profile spectrum provides an approximate illustration of the relative volatility of the Westcore Family of Funds determined by using each fund's 5-year annualized standard deviation as of 12/31/11. If the fund's retail class has less than five years of operations as of that date, the standard deviation of the fund's benchmark index is used instead. Standard deviation is a statistical measure of the historical volatility of a fund, which we believe can assist in classifying a fund within a risk spectrum. The placement on the risk spectrum (Low to High) is based on the comparison of each Fund's standard deviation measure, as described above, in relation to the universe of funds with a 5-year standard deviation measure as obtained from a third-party fund database. We believe those measures are accurate but have not independently verified them. Please refer to the prospectus for each fund's specific risks. Also a fund's measure of volatility is subject to change without notice as market or economic conditions change, and such changes may include significant and nonrecurring volatility events. Historical volatility is not necessarily indicative of future volatility and there is no guarantee that in any time period any one fund will be more or less volatile than any other fund.
1Existing accounts and automatic investment plans established before October 1, 2000 are entitled to reduced investment minimums: $1,000 for existing regular accounts; $250 for existing retirement or UGMA/UTMA accounts.
2A description of the retirement and education accounts available for investment in the Westcore Funds may be found in the SAI for the Funds. Please call 800.392.CORE (2673) to request a free copy of the SAI or click here to download.
