BlackRock Money Market Portfolio

Money Market

Style: Money Market Retail Class: PNPXX

Investment Strategy

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.

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 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.

Fund Information & Investment Minimums

Retail Class
Ticker PNPXX
CUSIP 091927202
Inception Date 10/4/1989
Distribution Frequency Annually
Minimum to open a new regular account: $2,500
Minimum to open a new retirement, education1 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
Retail Class
Ticker PNPXX
CUSIP 091927202
Inception Date 10/4/1989
Minimum to open a new regular account: $2,500
Minimum to open a new retirement, education1 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
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.

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 3/31/17. If the fund’s retail class has less than five years of operations as of that date, the standard deviation of the fund’s Morningstar category 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.

1A 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.

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.

BlackRock MM Portfolio

 

Additionally, if the fund’s weekly 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.

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 3/31/17. If the fund’s retail class has less than five years of operations as of that date, the standard deviation of the fund’s Morningstar category 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.

1A 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.

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