Our Funds

U.S. Treasury Money Market Fund

FOZXX

Investment Strategy

Seeks to provide maximum current income and daily liquidity by purchasing U.S. Treasury and other money market funds that invest exclusively in such obligations.

Fund Facts

FOZXX
31846V450
AAAm
Aaa-mf
0.27%
0.20%
NAIC U.S. Direct Obligations/Full Faith & Credit Exempt List Click here to access NAIC Confirmation letters

Fund Features

  • Assigned highest credit ratings by Standard & Poor's and Moody's.
  • The fund invests exclusively in obligations of the U.S. Treasury and other money market funds that invest exclusively in such obligations.

‡ The advisor has contractually agreed to waive fees and reimburse fund expenses through October 31, 2019 so that the total annual fund operating expenses do not exceed as stated. These waivers and reimbursements may be terminated any time after October 31, 2019 by the advisor. Prior to that time, waivers and reimbursements may not be terminated without approval of the fund's board.

Standard & Poor's AAAm Rating: S&P evaluates a number of factors, including credit quality, market price, exposure, and management. Please visit standardandpoors.com for more information and ratings methodology.
Moody's Aaa-mf Rating: Money market funds with this rating are judged to be of an investment quality similar to Aaa-rated fixed-income obligations; that is, they are judged to be of the highest quality. Please visit moodys.com for more information and ratings methodology.

NAIC U.S. Direct Obligations/Full Faith and Credit Exempt List: A money market fund is eligible for listing on the NAIC (National Association of Insurance Commissioners) Exempt List if the fund: (1) maintains a constant net asset value of $1.00 at all times, (2) allows a maximum of seven day redemption of proceeds, (3) maintains a money market fund rating of AAA from Standard & Poor’s or Aaa from Moody’s Investors Services or an equivalent money market fund rating from any NAIC Acceptable Rating Organization and (4) invests 100% of its total assets in securities that are direct obligations of the U.S. government and/or backed by the full faith and credit of the U.S. government or collateralized repurchase agreements comprised of such obligations at all times. NAIC designations are suitable for NAIC members' use in determining whether a fund has met certain eligibility requirements for NAIC listing. NAIC designation should not be considered an investment criteria for non-members.

Portfolio Liquidity1

as of 12/12/2018
99.9%
99.9%

Portfolio Allocation2

as of 12/6/2018
100.0%

Bank Exposure By Country of Domicile2,3

as of 12/6/2018

The fund's portfolio allocations are as of the date indicated, are subject to change without notice and are not recommendations to buy or sell. Current and future portfolio holdings are subject to risk.

1Portfolio Daily Liquid Assets are the percentage of the portfolio that is comprised of cash, direct obligations of the U.S. Government, securities that will mature (or are subject to a demand feature that is exercisable and payable) within one business day, and /or amounts receivable and due unconditionally within one business day on pending sales of portfolio securities. Portfolio Weekly Liquid Assets are the percentage of the portfolio that is comprised of cash, direct obligations of the U.S. Government, Government securities that are issued by a person controlled or supervised by and acting as an instrumentality of the government of the United States pursuant to authority granted by the Congress of the United States that are issued at a discount to the principal amount to be repaid at maturity without provision for the payment of interest and have a remaining maturity date of 60 days or less, securities that will mature (or are subject to a demand feature that is exercisable and payable) within five business days and / or amounts receivable and due unconditionally within five business days on pending sales of portfolio securities.

2Shown as a percentage of amortized cost. Pursuant to Rule 2a-7 where portfolio securities are valued at the fund's acquisition cost adjusted for amortization of premium or accretion of discount rather than at their current market value.

3Bank Exposure is determined by using a combination of either direct exposure when an investment is issued by a bank or indirect exposure where a bank provides full liquidity and/or other credit support to a security. Some securities held by the fund may not have bank exposure; therefore, the chart provided may not include the fund's entire investment portfolio.

The fund is required to provide the Securities and Exchange Commission ("SEC") with a monthly electronic filing of more detailed portfolio holdings information on Form N-MFP. Click here  to access the fund's publicly available Form N-MFP filings on the SEC's website.