The investment seeks to provide current income consistent with the preservation of capital and liquidity.
Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, determined at the time of purchase, in high quality, short-term, U.S. dollar denominated fixed-income instruments. For this purpose, high quality shall include short-term fixed-income instruments that are within the fund's credit quality guidelines.
The investment seeks to generate current income and secondarily maintain an emphasis on preservation of capital and liquidity.
The fund normally invests in a broad range of high quality, U.S. dollar-denominated fixed income instruments, including obligations issued or guaranteed by the U.S. government, its agencies, authorities, instrumentalities or sponsored enterprises ("U.S. government securities"), obligations of U.S. banks, corporate notes, commercial paper and other short-term obligations of U.S. companies, certificates of deposit, states, municipalities and other entities, fixed and floating rate asset-backed securities and repurchase agreements.