Cash Management Funds

Tax-Free Cash Reserve Portfolio

Objective & Strategy

Provide tax-exempt income consistent with preservation of capital and liquidity.

Permissible Investments

Invests in high-quality, short-term municipal obligations seeking to provide income exempt from federal taxation, including variable rate demand notes, tax-exempt commercial paper, revenue bonds, anticipation notes and general obligation notes. Liquidity is managed with daily and weekly variable rate demand notes.

Security types:

Tax-Exempt Notes/Bonds
Tax-Exempt Commercial Paper
Tax-Exempt Variable Rate Securities

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 has never distributed a federal taxable dividend.
  • There is no alternative minimum tax (AMT) paper in the fund.

Management team

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.
0.02% 0.04% 0.07% 26.36%
as of 08/31/2016 06/30/2016

Average Annual Returns (%)

1Y (%) 3Y (%) 5Y (%) 10Y (%) Since
Incept. (%)
0.07 0.05 0.06 0.69 1.33
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)

From   to
as of 09/27/2016

Daily

  • $1.00 Current NAV 
    (as of 09/27/2016)
  • $1.0001 Market Value NAV 
    (as of 09/27/2016)
  • 78.85% Weekly liquidity 
    (as of 09/27/2016)
  • Net shareholder flows
    N/A Redemptions 

    $9,314.65 Purchases 
  • $214,453,909 Total net assets 
  • 0.52% 7-day SEC yield
  • 0.42% Unsub. 7-day SEC yield
  • 0.42% 30-day simple yield 
  • 0.53% 365-day yield 
  • 0.00001463 Factor 
  • 11 days WAM 
  • 26 days WAL 

Details

  • CUSIP 825252521
  • Inception Date 01/04/1999
  • Bloomberg Ticker AIMTXCM
  • Fund Number 1924
  • Ratings 
    Standard & Poors AAAm

    Moody's N/A

    Fitch Ratings N/A
  • Redemptions:
    12:30 p.m. ET
    Purchases:
    3 p.m. ET
    Same-day settlement time

NAIC Requirements
National Association of Insurance Commissioners (NAIC)
Meets NAIC-1 requirement of a 1% capital reserve for a purchase by insurance companies.