Personal Investors

Strategy and policy

Investment strategy

The fund invests solely in high-quality, short-term money market securities whose interest and principal payments are backed by the full faith and credit of the U.S. government. At least 80% of the fund’s assets will always be invested in U.S. Treasury securities; the remainder of the assets may be invested in securities issued by U.S. government agencies. The fund will maintain a dollar-weighted average maturity of 60 days or less.

Investment policy

The fund reserves the right to invest, to a limited extent, in floating-rate securities, which are traditional types of derivatives.

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