Give Your Emergency Savings Boundaries
Put it behind glass with one of our money market funds.
When your emergency savings are separate from your everyday spending, decisions can be easier. Money market funds are designed for stability and easy access, making them a strong choice for an emergency fund.
Our money market funds offer a high-quality alternative to cash investments and convenient access to your money. Each focuses on two or three objectives: safety, access, income or tax-free income.
Choose the Fund That Fits Your Needs
Important: Money markets are designed for short-term savings and not long-term goals like retirement. These funds are generally held in taxable accounts to avoid the tax consequences of retirement account withdrawals.
Capital Preservation Fund (CPFXX)
Seeks to prioritize the safety of your investment and accessibility.
How It’s Managed:
Invests exclusively in short-term securities issued by the U.S. Treasury, which are guaranteed by the U.S. government.
U.S. Government Money Market Fund (TCRXX)
Seeks to generate income, maintain accessibility and preserve the value of your investment.
How It’s Managed:
Invests primarily in securities issued or guaranteed by the U.S. government and its agencies.
Prime Money Market Fund (BPRXX)
Seeks to provide high income while preserving the value of your investment.
How It’s Managed:
Invests in a mix of high-quality, short-term debt securities issued by corporations, banks and federal, state and local governments.
Tax-Free Money Market Fund (BNTXX)
Seeks the safety of your investment and high, federally tax-free income.
How It’s Managed:
Invests in municipal securities exempt from federal income tax and issued by cities, counties, other municipalities and U.S. territories.
This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.
Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.
All Money Market Funds:
Fund shares are not guaranteed by the U.S. Government.
Capital Preservation Fund:
Interest rate changes are among the most significant factors affecting bond return. In a declining interest rate environment, bond prices rise and the fund may generate less income. In a rising interest rate environment, bond prices fall.
Capital Preservation Fund and U.S. Government Money Market Fund:
Money Market Fund: You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.
Tax-Free Money Market Fund:
Because the fund invests primarily in municipal securities, it will be sensitive to events that affect municipal markets.
Investment returns are exempt from Federal taxes.
Even though the fund is designed to purchase assets exempt from federal taxes and currently has no exposure to the federal alternative minimum tax (AMT), there is no guarantee that all of the fund's income will be exempt from federal income tax or the federal AMT. Specifically, the portfolio managers are permitted at any time to invest up to 20% of the fund's assets in debt securities with interest payments that are subject to federal income tax and/or federal AMT.
Prime Money Market Fund and Tax-Free Money Market Fund:
Money Market Fund: You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon sale of your shares. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.