U.S. Treasury Money Market Fund
The fund seeks current income and stability of principal. The fund invests primarily in short-term, U.S. Government obligations and repurchase agreements that are fully collateralized by such Treasury securities.
| Share Class | Ticker | CUSIP | Inception |
|---|---|---|---|
| Institutional | FQTXX | 316786508 | 12/12/88 |
| Preferred | FTPXX | 31678S831 | 10/20/03 |
| Select | FTSXX | 31678S823 | 10/20/03 |
| Trust | FTTXX | 31678S849 | 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 | $1,099,695,569 |
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 | 64.6 |
| 8 - 30 | 2.7 |
| 31 - 60 | 5.5 |
| 61 - 90 | 4.3 |
| 91 - 120 | 0.0 |
| 121 -180 | 11.5 |
| > 180 | 11.3 |
Funds
U.S. Equity Funds
Fixed Income Funds
Money Market Funds
Structured Products
Specialty Products
