Common use of Money Market Funds Clause in Contracts

Money Market Funds. Money market mutual funds, including the Dreyfus Government Cash Management 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. Please refer to Section 40 “Securities Industry Protection Corporation (SIPC) and Excess SIPC Coverage.” HTS anticipates receiving fees or other financial benefits based on your sweep account balance. For money market funds, those benefits can include annual payments based on the amount you invest in the sweep program. A portion of fees received may be paid to your Financial Professional. Please note that shares in a money market fund are not FDIC-insured, not guaranteed by the federal government, and are not deposits or obligations of any bank or guaranteed by any bank. There can be no assurance that a money market fund will be able to maintain a stable net asset value of $1 per share. Tax-exempt money market funds may be subject to the alternative minimum tax. See the money market fund prospectus for more complete information, including terms, management fees, prevailing rates, and expenses. You can obtain a prospectus by contacting your Financial Professional or via our website at xxx.xxxxxxxxxxxxxxxxx.xxx/xxxxxxxxxxx/xxxxx-xxxxxxx-xxxxxxxxxx/. You should consider the fund's investment objectives, risks, and expenses carefully before investing.

Appears in 7 contracts

Samples: Customer Agreement and Information Brochure, Customer Agreement and Information Brochure, Customer Agreement and Information Brochure

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