Two money market funds obtain no-action relief to enter into arrangements with affiliates

4.20.2009 Two money market funds obtained no-action relief from the SEC to enter into arrangements with affiliated companies designed to ensure that the funds do not “break the dollar.” The arrangements involved the affiliate agreeing to buy or otherwise support certain portfolio holdings that had decreased significantly in value or possibly could go into default.  

Click SEI Daily Income Trust – Prime Obligation Fund to access the no-action letter.  

Click SEI Liquid Asset Trust – Prime Obligation Fund to access the no-action letter.