The portfolio seeks a high level of current income consistent with preservation of capital and maintenance of liquidity by investing solely in short-term obligations of the U.S. Treasury and repurchase agreements fully collateralized by obligations of the U.S. Treasury. The portfolio may buy securities from the U.S. government, including Treasury bills, Treasury notes, Treasury bonds and repurchase agreements fully collateralized by U.S. Treasury obligations. The portfolio currently intends to buy securities whose remaining maturities are not longer than 397 days, and the Fund maintains an average dollar-weighted maturity of 90 days or less.
In investing the Fund's assets, the portfolio manager seeks to take advantage of the dynamics of short-term interest rates by actively managing the Fund's average weighted maturity. The Fund may invest in repurchase agreements, which are contracts to sell and buy back a given security at a specific time and price to enhance yields.
An investment in the Fund is not insured or guaranteed by the FDIC or any other governmental agency. Although the Fund seeks to maintain a value of $1.00 per share, it is possible to lose money. An investor should consider the fund's investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in the fund's prospectus. To obtain a prospectus, please call 877-835-4531 or click here. Please read the prospectus carefully before investing.
