West Des Moines, Iowa-based money manager the Investors Management Group is planning the launch of a new Institutional Money Market Fund under their Vintage Mutual Funds family in December.

Fund managers will seek to offer liquidity, preservation of principal and will seek to maintain a stable net asset value of $1.00 per share.

The fund will have operating expenses of 15 basis points, according to the filing.

The minimum initial purchase in the fund is $1,000. The fund will be offered to educational institutions.  

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