Portfolio Positioning (as of 03/31/2016)

  • We continue to utilize a diverse mix of agency discount notes plus repurchase agreements collateralized by Treasuries and overnight cash deposits.
  • Interest rates of agency discount notes of up to six months in maturity remain at historically low levels.
  • Active management and daily monitoring of rates have enabled us to find attractive opportunities in agency discount notes relative to other issues of similar maturity.

Portfolio Details as of 03/31/2016

Total Net Assets
$692.94 M
Number of Issues
Average Coupon
Average Maturity
48.0 Days
Average Modified Duration
0.1 Years

Ten Largest and Aggregate Holdings

The most recent twelve months of information from the Fund's month-end schedules of portfolio holdings on Form N-MFP may be obtained, 60 days after the end of the month to which the information pertains, from the U.S. Securities and Exchange Commission's website,at the following link: Reports on Form N-MFP

The Fund’s liquidity exposure, net shareholder inflows/outflows and market NAV for the past six months are available at the following link: MMF Activity

Fund Dividends & Cap Gains next tab

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