NOTICE: 2019 Capital Gains Available. View PDF here.

On March 16, 2020 service providers to the Funds voluntarily waived fees and it may be necessary for additional fee waivers in order to maintain the yield of the Funds.

Fund Goal

Designed to serve as a holding place for future investment dollars, an emergency cash reserve or a readily available source of funds, the U.S. Treasury Fund seeks to safeguard your investment principal by concentrating on safety and liquidity first, with a strong secondary emphasis on generating a competitive yield.

We seek current income with liquidity and stability of principal by investing exclusively in short-term obligations backed by the full faith and credit of the U.S. government, some or all of which may be subject to repurchase agreements.

Process

Money Market funds are generally low-risk investments that seek stable returns over time, i.e., they value liquidity. We invest in top-rated investments that we believe offer minimal downside and maximum returns for you.

Our Money Market fund-building process is analytical and straightforward. Within the cash-equivalents market, our risk-management efforts focus on your need for safety, liquidity and competitive yields by investing in high-quality, short-term debt instruments.

Focused intently on risk-management and capital preservation, our Money Market managers are dedicated striving to ensure your money’s steady growth and safety.

How We Strive To Make Money Market Funds Work For You:

Safety And Liquidity Assessment

We seek top-rated investments in attractive sectors and prioritize liquidity.

Determine Maturity Structure

We seek a balance of yield and maturity to strive for low-risk investments while earning attractive returns.

Maintenance

We seek to maximize returns while maintaining capital. If the yield and risk are not worthwhile, we will change our approach.

Market Concerns

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. 

You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. 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.

Lipper Rankings

Category: Lipper U.S. Treasury Money Market Funds (As of 3/31/2020)

RankPercentile
1 year36/4775
3 year33/4474
5 year28/3774
10 year25/3570
Rankings are for Institutional Class and are based on average annual total returns, but do not consider sales charges.The Lipper Mutual Funds Average is an equally weighted average of the mutual funds within their respective Lipper classification, adjusted for reinvestment of capital gains distributions and income dividends. Lipper does not guarantee the accuracy of this information. More information is available at www.lipperweb.com. Thomson Reuters Copyright 2020, all rights reserved.Past performance is no guarantee of future results.
Show More

Fund Information as of 7/31/20

AdministrativeInstitutionalServiceSelect
Net Asset Value$1.00$1.00$1.00$1.00
SymbolAPGXXAPKXXAPJXXAPNXX
CUSIP14956P80214956P70314956P88514956P877
Inception09/05/9009/05/9009/05/9012/26/17
Gross Expense Ratio0.71%0.46%0.71%0.46%
Net Expense Ratio0.71%0.29%0.41%0.21%
RatingsAAAm by S&P; Aaa by Moody’s NAIC ApprovedAAAm by S&P; Aaa by Moody’s NAIC ApprovedAAAm by S&P; Aaa by Moody’s NAIC Approved

Fund Statistics as of 6/30/20

Total Net Assets$1,131,931,730
Weighted Average Maturity (bonds)25 days

Contractual fee waivers are in effect from December 26, 2019 through December 31, 2020.

While the fund seeks to manage and monitor risk, there is no way to remove risk. 

The Fund is rated by Standard & Poor’s and Moody’s. The rating is historical and is based upon the Fund’s credit quality, market exposure and management. It signifies that the Fund’s safety is excellent and that it has superior capacity to maintain a $1.00 net asset value per share. Ratings are subject to change and do not remove market risk. For more information on credit ratings including a description of the methodology upon which each rating is based, visit standardandpoors.com and moodys.com.

The NAIC allows an insurance company to reclassify its money market funds that were classified as Schedule D and reschedule as Schedule DA-Part 1. This Fund is on the National Association of Insurance Commissioner’s Approved list as a U.S. Direct Obligations/Full Faith & Credit listing. This designation denotes that the fund meets certain quality and pricing guidelines such as: a rating of AAAm or Aaa-mf by a Nationally Recognized Statistical Rating Organization (NRSRO), maintain a constant NAV $1.00 at all times, allow a maximum 7-day redemption of proceeds, invest 100% in U.S. government securities. This is subject to an annual review. Funds designated as U.S. Direct Obligations/Full Faith & Credit Exempt listings are exempt from NAIC reserve requirements when owned by an insurance company.

Show More