Morningstar CategoryUS Fund Money Market – Taxable
- Scott Simler | Barings LLC | Managed the fund since July 2009
This Fund seeks current income consistent with preservation of capital and liquidity.
The Fund normally invests at least 99.5% of its total assets in cash, U.S. Government securities, and/or repurchase agreements fully collateralized by cash or U.S. Government securities. In managing the Fund, the Fund's subadviser, Barings, LLC ("Barings"), intends to comply with Rule 2a-7 under the Investment Company Act of 1940, as amended (the "1940 Act"), which sets forth the requirements for money market funds regarding credit quality, diversification, liquidity, and maturity. The Fund seeks to maintain, but does not guarantee, a stable $1.00 share price. Under normal circumstances, the Fund invests at least 80% of its net assets in U.S. Government securities and repurchase agreements that are fully collateralized by U.S. Government securities. U.S. Government securities are high-quality securities issued or guaranteed by the U.S. Treasury or by an agency or instrumentality of the U.S. Government. U.S. Government securities may be backed by the full faith and credit of the U.S. Treasury, the right to borrow from the U.S. Treasury, or the agency or instrumentality issuing or guaranteeing the security. Certain issuers of U.S. Government securities, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, are sponsored or chartered by Congress but their securities are neither issued nor guaranteed by the U.S. Treasury.
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The Fund’s Principal Risks include - Credit Risk, Inflation Risk, Liquidity Risk, Management Risk, Market Risk, Money Market Instruments Risk, Prepayment Risk, Repurchase Agreement Risk, U.S. Government Securities Risk, Valuation Risk. Please refer to the summary prospectus (via the link below or by sending an email to email@example.com) for more information on the specific risks.