BLACKROCK MONEY MARKET PORTFOLIO
Notice of Discontinuation: Effective April 1, 2019, the BlackRock Money Market Portfolio will no longer be available as an investment option through Segall Bryant & Hamill Fund accounts.
SBH Funds offers investors the BlackRock Money Market Portfolio, which is managed by BlackRock. This money market fund complements SBH’s family of equity and bond funds. For the current yield on this Money Market Portfolio. visit BlackRock’s website. SBH Funds offers the BlackRock Money Market Portfolio in Service Class Shares with the ticker PNPXX.
The BlackRock Money Market Portfolio invests in a broad range of short-term, high-quality, U.S.-dollar denominated money-market instruments. including government, U.S. and fore ign 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.
Fund Information & Investment Minimums
|Minimum to open a new regular account:||$2,500|
|Minimum to open a new retirement, education• or UGMA/UTMA account:||$1,000|
|Minimum to open an Automatic Investment Plan Account:||$1,000|
|Automatic Investments:||$25/month per fund|
|Minimum to add to any type of account:||$25|
Liquidity, Valuations and Flows
Money market reform rules that went into effect in 2016 require retail money market funds, such as the BlackRock Money Market Portfolio, to provide specific information as of the end of each business day on the fund’s website. This required information includes (1) the percentage of total assets invested in daily liquid assets and weekly liquid assets;(2) the daily net inflows and outflows; and (3) the current NAV per share rounded to four decimal places. The link below will take you to a page on BlackRock’s website where this information is provided.
Additionally, if the fund’s week ly liquid assets fall below certain thresholds, details of which are noted in the BlackRock Money Market Portfolio’s prospectus, the fund is permitted to impose a liquidity fee of up to 2% on the value of shares redeemed or temporarily restrict purchases into or redemptions from the fund for up to 10 business
days during a 90 day period. Should either of these restrictions be imposed, details will be available by clicking on the link above.
You could lose money by investing in the BlackRock Money Market Portfolio. Although the BlackRock Money Market Portfolio seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The BlackRock Money Market Portfolio may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the BlackRock Money Market Portfolio’s liquidity falls below required minimums because of market conditions or other factors. An investment in the BlackRock Money Market Portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The BlackRock Money Market Portfolio’s sponsor has no legal obligation to provide financial support to the BlackRock Money Market Portfolio. and you should not expect that the sponsor will provide financial support to the BlackRock Money Market Portfolio at any time.
The BlackRock Money Market Portfolio is distributed by BlackRock Investments, Inc. and is not affiliated with ALPS Distributors, Inc.
A description of the retirement and education accounts available for investment in the SBH Funds may be found in
the SAi for the Funds. Please call (303) 392-2673 to request a free copy of the SAi or click here to download.