Investors should carefully consider the portfolio's investment objectives, risks, charges and expenses before investing. Information about these and other important subjects is in the Investment Circular, which you should read carefully before investing.
Current performance may be lower or higher than what is stated. To view performance current to the most recent month-end and for standard total returns and yields, click on the Performance Annualized and Yields tabs on the main Product page.
Performance quoted represents past performance, which is no guarantee of future results. Investment return will vary. The value of an investment when redeemed, may be worth more or less than the original cost.
The portfolio is the successor to the MMDT Cash Portfolio pursuant to a reorganization that occurred on March 4, 2013. Prior to that date, the portfolio had no investment operations. Accordingly, for periods prior to that date, the performance information is that of the MMDT Cash Portfolio which was managed by Fidelity Investments.
An investment in the Cash Portfolio is not a deposit of a bank and is neither insured nor guaranteed by the Commonwealth of Massachusetts or the U.S. government, the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although the cash portfolio seeks to preserve the value of your investment at $1.00 per unit, it is possible to lose money by investing in the Portfolio. The Portfolio's yield will vary from day to day based on changes in interest rates and market changes.
The portfolio is the successor to the MMDT Short Term Bond Fund pursuant to a reorganization that occurred on March 4, 2013. Prior to that date, the portfolio had no investment operations. Accordingly, for periods prior to that date, the performance information is that of the MMDT Short Term Bond Fund, which was managed by Fidelity Investments.
An Investment in the Short Term Bond Portfolio is not a deposit of a bank and is neither insured or guaranteed by the Commonwealth of Massachusetts or the U.S. government, the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The Portfolio's yield will vary from day to day based on changes in interest rates and market changes.
Yield quotations more closely reflect the current earnings of the fund than the total return quotation.
Total return represents the change in value of an investment after reinvesting all income and capital gains.
Total returns for periods of less than one year are cumulative.
Total return would have been lower in the absence of temporary expense waivers or reimbursements.
Bond prices are sensitive to changes in interest rates and a rise in interest rates can cause a decline in their prices. In addition, fixed-income investors should be aware of other risks such as credit risk, inflation risk, call risk and liquidity risk.
The ratings agencies that provided the quality breakdown ratings are S&P Global Ratings, Moody's and Fitch. When ratings vary, the highest rating is used. Credit ratings of A or better are considered to be high credit quality; credit ratings of BBB are good credit quality, and the lowest category of investment grade; credit ratings BB and below are lower-rated securities ("junk bonds"); and credit ratings of CCC or below have high default risk. The credit quality breakdown does not give effect to the impact of any credit derivative investments made by the fund.
Issued and approved by Federated Investment Counseling