Asset Management: Marc Pfeffer, Matthew Santini

Weighted Average Maturity: Maximum 60 days.

Fund Cutoff: 5:00 PM ET

Inception: 12/30/1994



Credit Agency Ratings: The Fund has received the highest ratings given to money market mutual funds by two independent rating agencies:

AAAmmf - Fitch 1

AAAm - Standard and Poor's 1

Milestone Treasury Obligations Fund

Investment Objective

The Milestone Treasury Obligations Fund seeks to provide shareholders with the maximum current income that is consistent with the preservation of capital and the maintenance of liquidity.

Investments
The Fund invests exclusively in:
  • Direct obligations of the U.S. Treasury with final maturities of 397 days or less.
  • Repurchase agreements fully collateralized (102%) by U.S. Treasury obligations, entered into with counterparties which meet the requirements of the rating agencies.
 

1. Fitch "AAAmmf" ratings denote extremely strong capacity to achieve money market fund's investment objective of preserving principal and providing shareholder liquidity through limiting credit, market, and liquidity risk. A fund rated “AAAm” demonstrates extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit risk. “AAAm” is the highest principal stability fund rating assigned by Standard & Poor's.

For more information on Fitch, visit www.fitchratings.com.

For more information on Standard & Poor’s, visit www.standardandpoors.com.

There is not a guarantee the Fund will meet its objective. Although the Fund invests in short-term Treasury obligations, an investment in the Fund is subject to risk even if all securities in the Fund are paid in full at maturity. All money market instruments, including U.S. Treasury obligations, can change in value in response to changes in interest rates, and a major change in rates could cause the share price to change.

While U.S. Treasury obligations are backed by the full faith and credit of the U.S. Government, an investment in the Fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation, U.S. Government or any other government agency. Thus, while the Fund seeks to maintain a stable net asset value of $1.00 per share, there is no assurance that it will do so. It is possible to lose money by investing in the Fund.