Institutional Government Money Market Fund
The fund seeks current income and stability of principal. The fund invests primarily in short-term, U.S. Government securities.
| Share Class | Ticker | CUSIP | Inception |
|---|---|---|---|
| Institutional | KGIXX | 31678R502 | 6/2/97 |
| Preferred | KGPXX | 31678S708 | 10/20/03 |
| Select | KGSXX | 31678S815 | 10/20/03 |
| Trust | KGTXX | 31678S609 | 10/20/03 |
Investment Approach
Our fund managers buy securities that —
- Meet our stringent standards for safety and stability
- Offer attractive relative value, compared to similar types of securities
Sell Discipline
Because they hold very short-term securities, money market funds do not trade their holdings as actively as stock and bond funds do. However, we consider selling a security in one of our portfolios if —
- We see an opportunity to rotate into a more attractive security
- We need to rapidly extend or shorten a portfolio's average maturity
- We have concerns about the financial stability of a corporation from whom we bought commercial paper
Portfolio Characteristics
As of 12.31.11
| Total Net Assets | $1,413,583,674 |
Ratings
| Fitch | AAAmmf |
| S&P | AAAm |
| Moody's | Aaa-mf |
| NAIC | NAIC Class 1 List |
Maturity Schedule (%)
As of 12.31.11
| Days | % |
|---|---|
| 1 - 7 | 64.2 |
| 8 - 30 | 6.0 |
| 31 - 60 | 4.7 |
| 61 - 90 | 4.4 |
| 91 - 120 | 2.1 |
| 121 -180 | 8.7 |
| > 180 | 10.0 |
Funds
U.S. Equity Funds
Fixed Income Funds
Money Market Funds
Structured Products
Specialty Products
