A Full-Service U.S. Treasury Cash Management Fund

For every investor’s cash holdings, there is one primary, overriding goal – safety.  In an attempt to achieve this goal, Treasury Bill Portfolio invests only in short-term U. S. Treasury securities, whose repayment is guaranteed by the full-faith-and-credit of the United States government. Treasury Bill Portfolio allows for check writing, quick and easy access to cash, and potentially high market rates of return without the hazard of early withdrawal penalties.

Treasury Bill Portfolio works as a cash management tool enabling you to potentially earn relatively higher market rates on your cash, yet allowing you instant access to your money at any time, for any reason, and in any amount. This means potentially more spendable cash in your pocket.  

Other powerful advantages of Treasury Bill Portfolio include:

MINIMAL VOLATILITY
For investors with cash holdings, an overarching goal is safety and capital preservation. To achieve these objectives, Treasury Bill Portfolio invests only in short-term U.S. Treasury securities, whose repayment is guaranteed by the full-faith-and-credit of the United States government. This guarantee applies only to the securities in which the portfolio invests, not to the Portfolio’s share price.

CONVENIENCE OF LIQUIDITY
As a cash management tool, Treasury Bill Portfolio offers investors the potential of earning relatively higher market rates on cash holdings while allowing instant access to money at any time, for any reason, and in any amount. Free from interest penalties for early withdrawal, investors can use their Treasury Bill Portfolio account to periodically replenish bank checking accounts, or as a yield-conscious way to hold investment cash.

POTENTIAL FOR HIGH AFTER-TAX RETURNS
Treasury Bill Portfolio’s tax advantage grows as an investor’s gains accumulate. Unlike other money market funds, Treasury Bill Portfolio retains its daily investment income. This permits the price of Portfolio shares to rise from day to day. The Portfolio pays out once per year, as per share dividends at the minimum amount required for the Portfolio itself to avoid income taxation.

Though investors are free to tap the increase in value at any time by writing a redemption check, the increase in a share’s value is not taxable until the share’s value is redeemed. In this fashion, share value can compound and grow year by year with limited taxation. Allowing gains to accumulate in this manner offers investors greater flexibility in their own tax planning.  For example, an individual investor’s tax bracket can remain unchanged until their shares are redeemed.