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Fund Information
Prime Money Market Fund - Class N Shares

Fund Overview | Performance | Fund Management

FUND OVERVIEW as of August 31, 2010

Fund Objectives

The Prime Money Market Fund seeks to provide current income through low-risk investments. Also, the Prime Money Market Fund seeks to maintain a $1.00 per share net asset value.

Investment Philosophy and Principal Strategy

We purchase liquid, high quality, short-term debt securities in U.S. dollar denominated money market instruments. The securities held by the Prime Money Market Fund must, in our opinion, present minimal credit risk. The Prime Money Market Fund invests in compliance with industry-standard requirements for money market funds for the quality, maturity, and diversification of investments.

Investor Profile

This fund is designed for investors who are looking for a relatively safe way to pursue current income, who seek a conservative, liquid investment to balance out more conservative investments, who like the idea of a constant share price, and who are investing on behalf of a business, municipality, school district, or other organization that must keep assets in safer, more liquid investments.

Trading Symbol

CNPXX

Inception Date

October 18, 1999

Composition as of 7/31/2010
Fixed Income 81.9%
Cash Equivalents 18.1%


Sector Diversification as of 7/31/2010
Commercial Paper 42.8%
Certificates of Deposit 31.0%
Repurchase Agreements 17.9%
Unknown 5.5%
Corporate Bonds 2.5%
STIF Treasury/Government 0.1%


Top Holdings as of 7/31/2010 Percentage of
Portfolio Assets
(Based on Market Value)
NOMURA TRI-PARTY REPO 5.5%
BARCLAY TRI-PARTY REPO 5.0%
DEUTSCHE TRI-PARTY REPO 3.7%
BOA TRI-PARTY REPO 3.7%
UNICREDIT BANK OF IRELAND 2.2%
SOCIETE GENERALE, CP 2.2%
FHLB 0.48% 10/25/2010 1.8%
BANCO DEL ESTADO DE CHILE 1.8%
BANCO BILBAO VIZ CAYA ARG 1.8%
LANDESBANK HESSEN THUERIN 1.8%
Holdings are subject to change.


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PERFORMANCE - Class N Shares as of August 31, 2010

Net Asset Value
$1.00

Total Net Assets
$539,250,974

Average Weighted Maturity
33 days

Yields
7-Day
Net
Yield		 7-Day
Effective
Yield		 1-Month
Net
Yield		 3-Month
Net
Yield
0.04% 0.04% 0.04% 0.04%
 

Total Return
3
Months		 Year
To
Date		 1 year Annualized
3 years		 Annualized
5 years		 Annualized
Since
Inception*
0.01% 0.03% 0.06% 1.17% 2.37% 2.30%
 
Disclosure

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insruance Corporation or any other government agency. For performance data current to the most recent month end, please click here or call 1-888-889-0799.

Although Money Market Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in Money Market Funds.

* If the fund is less than 1 year old, cumulative return since inception is shown; if the fund is less than 10 years old, annualized return since inception is shown.

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TOTAL ANNUAL FUND OPERATING EXPENSES

Net Expense Ratio
0.85%

Gross Expense Ratio
1.10%

For more information on fund expenses, click here.


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FUND MANAGEMENT

City National Asset Management, Inc. ("CNAM") provides investment management services to the Equity, Fixed Income and Money Market Funds. CNAM is a wholly owned subsidiary of City National Bank ("CNB"), a federally chartered commercial bank that has provided investment management services to institutions and individuals for over 40 years.

All investment decisions for the Prime Money Market Fund are made by CNAM’s Fixed Income Team of investment professionals, all of whom take an active part in the decision-making process.


Disclosure

To determine if this Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund's prospectus which may be obtained by clicking here or by calling 1-888-889-0799. Please read the prospectus carefully before investing.

Mutual Funds involve risk, including possible loss of principal. CNI Charter Funds are distributed by SEI Investments Distribution Co., Oaks, PA 19456, which is not affiliated with CNAM or CCMA and is not a bank.

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