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Money Market Funds A money market fund is a mutual fund that invests in money market securities such as commercial paper, certificates of deposit, Treasury bills and other highly liquid securities. Money market funds typically have very low expense ratios and interest is credited monthly to shareholders. Money market mutual funds, unlike bank CDs and checking and savings accounts, are not federally insured and do not offer fixed rates of return. The yield on money funds will vary. An investment in money market funds is neither insured nor guaranteed by the
Federal Deposit Insurance Corporation (FDIC) or any bank or government agency.
Although money market funds seek to preserve the value of your investment at
$1.00 per share, it is possible to lose money by investing in the funds. Money
market mutual funds are offered by prospectus only. Please read it
carefully before you invest or send money. |