Examples of Money Market Fund in a sentence
Prior to, or at the same time your available funds are first swept into an available Money Market Fund, you will be furnished with the appropriate prospectus, which should be read carefully.
Money market mutual funds, including the Dreyfus General Money Market Fund, which may also be available as a customer- selected sweep option, are registered with the SEC pursuant to the Investment Company Act of 1940, and are treated as securities.
The selection of a more expensive share class of a Money Market Fund used as a Cash Sweep Vehicle will negatively impact your overall investment returns.
If Account is a non-retirement account, and a specific sweep money market mutual fund is not otherwise directed by you, you hereby authorize LPL to direct the cash balances held in your Account to the X.X. Xxxxxx U.S. Government Money Market Fund (unless you own a foreign account and then it will be the X.X. Xxxxxx U.S. Dollar Liquidity Fund).
By comparison, a Money Market Fund generally seeks to achieve the highest rate of return (less fees and expenses) consistent with the fund’s investment objective, which can be found in the fund’s prospectus.