Maximum current income consistent with liquidity and the preservation of capital.
|Minimum Initial Investment||$1 million|
Aaa-mf Moody's rating2
AAAmmf Fitch Rating3
NAIC Approved List4
|Deadlines5||Investment: 5:00 p.m (ET)
Redemption: 5:00 p.m. (ET)
|Weighted Average Maturity (Days)9|
|Weighted Average Life (Days)9|
|Net Portfolio Assets ($)10|
The fund is a money market fund and seeks to maintain a stable price of $1.00 per share. The fund has adopted a policy to invest 99.5% or more of its total assets in cash, government securities, and/or repurchase agreements that are collateralized fully (i.e., collateralized by cash and/or government securities) in order to qualify as a "government money market fund" under federal regulations. In addition, in order to be a "Treasury" fund, under normal circumstances, the fund seeks to achieve its objective by investing at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in securities issued by the US Treasury and in related repurchase agreements. Under normal circumstances the fund expects to invest substantially all of its assets in securities issued by the US Treasury and in related repurchase agreements.
|Portfolio Management||Robert Sabatino, Managing Director
David J. Walczak, CFA, FRM, Executive Director
1"Daily liquid assets" is a term defined in US SEC Rule 2a-7 (which governs money market funds) and includes cash, direct obligations of the US government and securities that mature or are subject to a demand feature exercisable and payable within one business day.
2The Fund is rated Aaa-mf by Moody's, indicating its belief that the Fund has a very strong ability to meet the dual goals of providing liquidity and preserving capital. Further information regarding Moody's rating methodology may be found on its website at www.moodys.com.
3The Fund is rated AAAmmf by Fitch Ratings, which reflects Fitch's view of (1) the fund's overall credit quality and diversification; (2) low exposure to interest rate and spread risk; (3) holdings consistent with shareholder profiles and concentrations; and (4) maturity profiles consistent with rating criteria. Further information regarding Fitch's rating methodology may be found on its website at www.fitchratings.com.
4The National Association of Insurance Commissioners (NAIC) Class 1 List includes money market funds that meet certain criteria including: maintaining a rating of Am or better from Standard & Poors's or a rating of A or better from Moody's or equivalent, maintaining a constant net asset value of $1.00 at all times, allowing a maximum of seven-day redemption of proceeds and investing at least 95% of total assets in high quality securities as specified by the NAIC. For further information regarding the NAIC Approved List may be found at www.naic.org.
5Broker-dealers and other intermediaries through which the fund shares are offered may impose different cut off times/notice requirements than those reflected.
6Unsubsidized yield refers to the yield before waivers/reimbursements.
7Dividend factor represents the daily dividend amount per share. On Fridays and/or before non-business holidays, the dividend factor is increased to reflect the anticipated accrual of dividends on subsequent non-business days of the same month. Shares earn dividends on the day they are purchased but do not earn dividends on the day they are sold.
8Based upon latest strike price.
9Weighted average maturity and weighted average life information pertains to the relevant "master fund," not just the "feeder fund" named.
10Assets are quoted in USD/millions. Net Portfolio Assets represented are for the respective "master fund." The Fund is a "feeder fund" that invests in individual money market securities through a related "master fund." Please see the Fund's prospectus for more information.
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You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
UBS Asset Management (US) Inc. is each money market fund's distributor.