Initial Rate (Initial Margin Requirement)

The initial rate, i.e. the initial margin requirement, for a security is the percentage of the Money Market balance or marginable securities needed in your account against the total purchase price of a margin eligible security. The majority of securities that can be purchased on margin have an initial rate of 50%; however, we may require a higher initial rate for some securities based on perceived risk.

Fun Fact: The 50% minimum is established by Regulation T of the Federal Reserve board.

The buying power balance presented on our website is calculated using an initial rate of 50%. Securities being purchased which require a higher initial rate will reduce your account's buying power.

Tip: While margin can boost an investment strategy, buying securities on margin is not for everyone. Before investing on margin, please give the Margin Account Agreement the once over to review important risk disclosure information, and see our margin interest rates.

Important Information about this Money Market Fund

Investors should carefully consider the investment objectives, risks, charges and expenses of the Money Market Fund before investing. This and other important information is contained in the prospectus which should be read carefully before investing.

An investment in the fund is not a deposit in a bank, and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

Performance data represents past performance and does not guarantee future results.

The fund's most recent 7-day yield may be lower or higher than the figure quoted. Yield and return will vary.

Performance data and other information may be obtained by calling 1-800-888-9723 from 8 AM to 5 PM ET, Monday through Friday.

An investment in the fund is not a deposit in a bank, and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.