- Similar to a savings account
- Rates change monthly
- Preservation of principal – won’t see a negative return
Who Should Invest: Those investors who are seeking higher returns than comparable term CDs and money markets. This fund is designed to provide stability, safety and liquidity.
Strategy: The fund manager invests primarily in U.S. Treasury bills, treasury notes, agency securities, collateralized mortgage obligations, repurchase agreements, commercial paper and other short-term fixed income instruments.
Notes: Funds are not FDIC insured. Past performance is not a guarantee of future results. Returns are net of money management fees. For your information, the invested funds managed by the Foundation are exempt from registration requirements of the federal securities laws.
Historical performance of the BFSC Cash Equivalent Fund against relevant benchmarks is available upon request.