Cash Management Funds

Government TaxAdvantage Portfolio

Objective & Strategy

Provide current income consistent with preservation of capital and liquidity.

Permissible Investments

Invests primarily in short-term, high-credit-quality money market that are direct obligations of the U.S. Treasury and in U.S. government agency securities. The fund does not invest in repurchase agreements.

Security types:

US Treasury Obligations
US Government Obligations

Fund Highlights

  • The portfolio management team follows a conservative investment process with respect to minimal credit risk, interest rate risk and liquidity.
  • The fund is designed for short- to medium-term cash investments, operating cash, cash sweeps and the liquidity components of investment portfolios.
  • The fund aims to preserve capital, maintain liquidity and produce a competitive yield.
  • The fund intends to provide investors with dividends exempt from state and local income taxes in some jurisdictions. Investors residing in states with state income tax may find it more profitable to invest in this portfolio than in a fund not designed to comply with state tax considerations. This does not constitute tax advice. Please consult your tax advisor for your particular situation.

Management team

Effective Nov. 4, 2016 the Government TaxAdvantage Portfolio will change its name and strategy to become the Treasury Obligations Portfolio, and it will limit its investments to US Treasury securities. The objective to provide current income consistent with preservation of capital and liquidity remains the same.

The performance data quoted represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.

as of 08/31/2016

Cumulative Returns (%)

1Mo 3Mo YTD Since Incept.
0.01% 0.03% 0.08% 32.56%
as of 08/31/2016 06/30/2016

Average Annual Returns (%)

1Y (%) 3Y (%) 5Y (%) 10Y (%) Since
Incept. (%)
0.09 0.08 0.06 0.90 1.71
The performance data quoted represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. The 365-yield represents standard one-day yield for the funds. The 30-day simple yield represents annualized results for the period, net of fees and expenses and exclude any realized capital gains or losses.

The 7-day SEC yield reflects fee waivers and/or expense reimbursements in effect for the period. Had the Adviser not waived feeds and/or reimbursed expenses, the 7-day SEC yield would have been lower.

Average annual total returns reflect reinvested distributions, net of expenses for the periods. The 7-day SEC yield more closely reflects the current earning of the fund than the total returns.

Net asset value (NAV) 

Daily and weekly liquid assets

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No history records found for this date range

Net shareholder flows

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Total net assets 

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Yields 

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Factor 

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Weighted average maturity (WAM) and weighted average life (WAL)

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as of 09/29/2016

Daily

  • $1.00 Current NAV 
    (as of 09/29/2016)
  • $1.0003 Market Value NAV 
    (as of 09/29/2016)
  • 88.49% Daily liquidity 
    (as of 09/29/2016)
  • 96.20% Weekly liquidity 
    (as of 09/29/2016)
  • Net shareholder flows
    N/A Redemptions 

    $5,786.87 Purchases 
  • $178,992,791 Total net assets 
  • 0.11% 7-day SEC yield
  • -0.07% Unsub. 7-day SEC yield
  • 0.11% 30-day simple yield 
  • 0.11% 365-day yield 
  • 0.00000301 Factor 
  • 27 days WAM 
  • 56 days WAL 

Details

  • CUSIP 825252794
  • Inception Date 12/30/1999
  • Bloomberg Ticker ASTIGCM
  • Fund Number 1906
  • Ratings 
    Standard & Poors AAAm

    Moody's Aaa-mf

    Fitch Ratings N/A
  • 3 p.m. ET Same-day settlement time

NAIC Requirements
National Association of Insurance Commissioners (NAIC)
Meets NAIC requirement of a 0% capital reserve for a purchase by insurance companies.