Corporate trustees play several important oversight and fiduciary roles in money market funds, though their specific responsibilities vary based on regulatory jurisdiction and fund structure. Here's an overview of their key functions: 1. Asset Safekeeping: Corporate trustees hold legal title to the fund's assets, ensuring they remain separate from the investment manager's assets and are protected in case of the manager's insolvency. 2. Compliance Monitoring: They verify that investment decisions comply with the fund's stated objectives, investment policies, and regulatory requirements. 3. Cash Flow Management: Trustees monitor subscription and redemption activities, ensuring proper handling of investor capital. 4. Risk Oversight: They monitor adherence to risk parameters, including portfolio duration, credit quality, and diversification requirements. 5. Liquidity Requirements: Ensuring the fund maintains appropriate daily and weekly liquidity levels 6. Credit Quality: Monitoring that investments meet the high credit quality standards required of money market instruments