U.S. Government Cash Reserve Fund
Effective May 29, 2020 the fund will be closed to new and existing investor purchases, subject to certain exceptions.
You could lose money by investing in this fund. Although the fund seeks to preserve its value at $1.00 per share, the fund cannot guarantee it will do so. An investment in this fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
| Without Waiver | 3.95 % |
| With Waiver | 4.11 % |
INVESTMENT OBJECTIVE
The fund's investment objective is to seek current income consistent with preservation of capital and liquidity.
Fund Information
- Fund Commencement 12/29/1986
- Net Assets ($ M) As of 12/31/24 $481.96
- Fiscal Year End AUGUST
Share Class Information
- Class Inception 09/18/2018
- Net Asset Value (NAV) As of 02/06/25 $1.00
- Most Recent NAV Change As of 02/06/25 $0.00 | 0.00%
- Fund Number 4881
- Maximum Sales Charge --
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Gross Expense Ratio
0.53%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
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Net Expense Ratio
0.37%
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 12/31/25
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Daily and Historical Information
View
Daily and Historical Information is a report which provides the Daily Liquid Assets (% of Portfolio). Weekly liquid Assets (% of Portfolio), Net Shareholder Flows, Net Asset Value (NAV) and the Net Asset Value (at Market) for each business day during the previous 6 months. Definitions of these terms may be found on the report.
Class R6 shares are available without a sales charge to eligible investors.
MANAGERS
Top 10 Holdings
- SSB FICC REPO - 4.430% JAN 02 25 - UST501
- BOFA SECURITIES INC REPO - 4.440% JAN 02 25 - BAC501
- US TREASURY BILL - 4.390% FEB 11 25 - UST502
- Us Treasury Bill 4.230% Feb 13 25
- US TREASURY BILL - 4.370% MAR 11 25 - UST503
- FANNIE MAE - 4.480% JAN 24 25 - FNM501
- US TREASURY BILL - 4.375% MAR 18 25 - UST503
- US TREASURY BILL - 4.270% APR 08 25 - UST504
- US TREASURY BILL - 4.460% FEB 06 25 - UST502
- US TREASURY BILL - 4.520% JAN 16 25 - UST501
Important Risk Considerations
Liquidity: It may be difficult to value, and it may not be possible to sell, certain investments, types of investments, and/or investments in certain segments of the market, and the portfolio may have to sell certain of these investments at a price or time that is not advantageous in order to meet redemptions or other cash needs.
Performance
Average Annual Total Returns (%)
Important Performance Information
Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.
Performance for Class R shares includes the performance of the fund's Class A shares, adjusted to take into account differences in sales loads and class-specific operating expenses (such as Rule 12b-1 fees), if any, for periods prior to their offering. Please see the prospectus for additional information about performance and expenses.
Sales Charges
Class R6 shares are available without a sales charge to eligible investors.
Annual Rate of Return (%)
As of 12/31/24| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| At NAV | 0.00 | 0.01 | 0.20 | 1.14 | 1.53 | 0.18 | 0.01 | 1.22 | 4.65 | 4.92 |
| At NAV | ||
|---|---|---|
| 2024 | 4.92 | |
| 2023 | 4.65 | |
| 2022 | 1.22 | |
| 2021 | 0.01 | |
| 2020 | 0.18 | |
| 2019 | 1.53 | |
| 2018 | 1.14 | |
| 2017 | 0.2 | |
| 2016 | 0.01 | |
| 2015 | - |
Pricing History
- NAV at Close of Trading on: 02/06/25
- Net Asset Value (NAV): $1.00
- Change ($) (since 02/05/25 ): 0.00
- Change (%) (since 02/05/25 ): 0.00
- Market Price (MP):
Historical NAV may not be available for all dates.
Historical MP may not be available for all dates.
7-Day SEC Yield (%)
Based on the latest seven days ended with dividends annualized. The yield quotation more closely reflects the current earnings of the Money Market portfolio than the total return quotation.Subsidies and fee waivers may be imposed at any time to enhance a fund's yield during periods when the fund's operating expenses have a significant impact on the fund's yield due to lower interest rates.
Subsidies and fee waivers may be imposed at any time to enhance a fund's yield during periods when the fund's operating expenses have a significant impact on the fund's yield due to lower interest rates.
As of 12/31/24
| Wavier | Yield Seven day value |
| Without Waiver | 3.95 |
| With Waiver | 4.11 |
Distributions
The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain
The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax.
(Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain
For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses.
(Source: Barron's Dictionary of Finance and Investment Terms)
The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
Updated Daily As of 02/06/25
| Record Date | Ex-Date | Payable Date | Type of Earnings | Rate per Share (US$) | Reinvestment NAV (US$) |
|---|---|---|---|---|---|
| 01/31/25 | 01/31/25 | 02/03/25 | Dividend | 0.00341 | 1.00 |
| 12/31/24 | 12/31/24 | 12/31/24 | Dividend | 0.00354 | 1.00 |
| 11/29/24 | 11/29/24 | 12/02/24 | Dividend | 0.00355 | 1.00 |
| 10/31/24 | 10/31/24 | 11/01/24 | Dividend | 0.00385 | 1.00 |
| 09/30/24 | 09/30/24 | 10/01/24 | Dividend | 0.00396 | 1.00 |
| 08/30/24 | 08/30/24 | 09/03/24 | Dividend | 0.00422 | 1.00 |
| 07/31/24 | 07/31/24 | 08/01/24 | Dividend | 0.00423 | 1.00 |
| 06/28/24 | 06/28/24 | 07/01/24 | Dividend | 0.00409 | 1.00 |
| 05/31/24 | 05/31/24 | 06/03/24 | Dividend | 0.00422 | 1.00 |
| 04/30/24 | 04/30/24 | 05/01/24 | Dividend | 0.00408 | 1.00 |
| 03/28/24 | 03/28/24 | 04/01/24 | Dividend | 0.00422 | 1.00 |
| 02/29/24 | 02/29/24 | 03/01/24 | Dividend | 0.00394 | 1.00 |
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Overview
INVESTMENT OBJECTIVE
The fund's investment objective is to seek current income consistent with preservation of capital and liquidity.
Fund Information
- Fund Commencement 12/29/1986
- Net Assets ($ M) As of 12/31/24 $481.96
- Fiscal Year End AUGUST
Share Class Information
- Class Inception 09/18/2018
- Net Asset Value (NAV) As of 02/06/25 $1.00
- Most Recent NAV Change As of 02/06/25 $0.00 | 0.00%
- Fund Number 4881
- Maximum Sales Charge --
-
Gross Expense Ratio
0.53%
Gross Expense Ratio: The Gross Expense Ratio is the fund's total operating expense ratio from the fund's most recent prospectus.
-
Net Expense Ratio
0.37%
Net Expense Ratio: The Net Expense Ratio reflects the reduction of expenses from contractual fee waivers and reimbursements. Elimination of these reductions will result in higher expenses and lower performance.
These reductions will continue until at least 12/31/25
-
Daily and Historical Information
View
Daily and Historical Information is a report which provides the Daily Liquid Assets (% of Portfolio). Weekly liquid Assets (% of Portfolio), Net Shareholder Flows, Net Asset Value (NAV) and the Net Asset Value (at Market) for each business day during the previous 6 months. Definitions of these terms may be found on the report.
Class R6 shares are available without a sales charge to eligible investors.
MANAGERS
Top 10 Holdings
As of 12/31/24- SSB FICC REPO - 4.430% JAN 02 25 - UST501
- BOFA SECURITIES INC REPO - 4.440% JAN 02 25 - BAC501
- US TREASURY BILL - 4.390% FEB 11 25 - UST502
- Us Treasury Bill 4.230% Feb 13 25
- US TREASURY BILL - 4.370% MAR 11 25 - UST503
- FANNIE MAE - 4.480% JAN 24 25 - FNM501
- US TREASURY BILL - 4.375% MAR 18 25 - UST503
- US TREASURY BILL - 4.270% APR 08 25 - UST504
- US TREASURY BILL - 4.460% FEB 06 25 - UST502
- US TREASURY BILL - 4.520% JAN 16 25 - UST501
Important Risk Considerations
Liquidity: It may be difficult to value, and it may not be possible to sell, certain investments, types of investments, and/or investments in certain segments of the market, and the portfolio may have to sell certain of these investments at a price or time that is not advantageous in order to meet redemptions or other cash needs.
-
Performance
Performance
Average Annual Total ReturnsAverage Annual Total Returns (%)
These results represent the percent change in net asset value.Monthly | Quarterly As of 12/31/24 (*YTD Updated Daily, As of 02/05/25 , subject to revision and not annualized.)Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value fluctuate so your shares, when sold, may be worth more or less than the original cost; current performance may be lower or higher than quoted.Important Performance Information
Performance information prior to July 1, 2014, reflects time periods when the fund was not considered a U.S. Government money market fund and had different investment policies and strategies. The fund's investment policies and strategies changed effective July 1, 2014.Performance results reflect any applicable expense subsidies and waivers in effect during the periods shown. Without such subsidies and waivers the fund's performance results would be less favorable. All results are historical and assume the reinvestment of dividends and capital gains.
Performance for Class R shares includes the performance of the fund's Class A shares, adjusted to take into account differences in sales loads and class-specific operating expenses (such as Rule 12b-1 fees), if any, for periods prior to their offering. Please see the prospectus for additional information about performance and expenses.
Sales Charges
Class R6 shares are available without a sales charge to eligible investors.
Annual Rate of ReturnAnnual Rate of Return (%)
As of 12/31/24annual rate of return table 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 At NAV 0.00 0.01 0.20 1.14 1.53 0.18 0.01 1.22 4.65 4.92 At NAV 2024 4.92 2023 4.65 2022 1.22 2021 0.01 2020 0.18 2019 1.53 2018 1.14 2017 0.2 2016 0.01 2015 - Pricing & DistributionsPricing History
- NAV at Close of Trading on: 02/06/25
- Net Asset Value (NAV): $1.00
- Change ($) (since 02/05/25 ): 0.00
- Change (%) (since 02/05/25 ): 0.00
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical NAV LookupEnter date for which you wish to obtain a Historical NAV for this fundHistorical NAV may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.
7-Day SEC Yield (%)
Based on the latest seven days ended with dividends annualized. The yield quotation more closely reflects the current earnings of the Money Market portfolio than the total return quotation.Subsidies and fee waivers may be imposed at any time to enhance a fund's yield during periods when the fund's operating expenses have a significant impact on the fund's yield due to lower interest rates.
As of 12/31/24
Wavier Yield Seven day value Without Waiver 3.95 With Waiver 4.11 Distributions
The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.The Payable Date is the date on which the distribution is paid to shareholders.
Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.
Dividend Reinvestment at NAV is the automatic reinvestment of shareholder dividends in more shares at net asset value.
Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.
Long-term Capital Gain The gain on the sale of a capital asset where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax. (Source: Barron's Dictionary of Finance and Investment Terms)
Short-term Capital Gain For tax purposes the profit realized from the sale of securities or other capital assets held for less than 12 months. Short-term gains are taxable at ordinary income rates to the extent they are not reduced by offsetting capital losses. (Source: Barron's Dictionary of Finance and Investment Terms)
Updated Daily As of 02/06/25
Record Date Ex-Date Payable Date Type of Earnings Rate per Share (US$) Reinvestment NAV (US$) 01/31/25 01/31/25 02/03/25 Dividend 0.00341 1.00 12/31/24 12/31/24 12/31/24 Dividend 0.00354 1.00 11/29/24 11/29/24 12/02/24 Dividend 0.00355 1.00 10/31/24 10/31/24 11/01/24 Dividend 0.00385 1.00 09/30/24 09/30/24 10/01/24 Dividend 0.00396 1.00 08/30/24 08/30/24 09/03/24 Dividend 0.00422 1.00 07/31/24 07/31/24 08/01/24 Dividend 0.00423 1.00 06/28/24 06/28/24 07/01/24 Dividend 0.00409 1.00 05/31/24 05/31/24 06/03/24 Dividend 0.00422 1.00 04/30/24 04/30/24 05/01/24 Dividend 0.00408 1.00 03/28/24 03/28/24 04/01/24 Dividend 0.00422 1.00 02/29/24 02/29/24 03/01/24 Dividend 0.00394 1.00 Past performance is no guarantee of future results. Please consult your tax advisor for further information.