Prime Money Market Fund
The fund seeks stability of principal and current income. The fund invests primarily in high-quality commercial paper. Commercial paper represents very short-term loans made by banks and corporations. The fund also invests in other money market securities.
| Share Class | Ticker | CUSIP | Inception |
|---|---|---|---|
| Class A | FSCXX | 316786300 | 8/11/92 |
| Class B | FBPXX | 316786441 | 10/11/00 |
| Class C | FPCXX | 31678R312 | 5/1/02 |
| Institutional | FCPXX | 316786409 | 6/14/89 |
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 | $846,982,068 |
Funds
U.S. Equity Funds
Fixed Income Funds
Money Market Funds
Structured Products
Specialty Products
