If you are looking for liquidity and convenience with the advantage of money market rates, consider this Fund. Money market funds invest in short-term instruments with maturities of 13 months or less, in an effort to maintain a stable net asset value of $1.00 per share.
- Invest primarily in the highest credit quality securities — First Tier securities.
- Seek to maintain an average maturity range of 20 to 60 days; this conservative range helps to avoid excessive yield volatility and unnecessary risk.
- Offer the potential for a higher yield than a fund of government securities, with limited additional risk, by investing in money market eligible corporate securities.