Selected Daily Government Fund
Overview
Investment Strategy
The Selected Daily Government Fund seeks to achieve current income consistent with the principles of capital preservation and maintaining liquidity.
The Fund is a money market fund that seeks to preserve the value of your investment at $1.00 per share. There is no guarantee the Fund will be successful in maintaining a $1.00 share price.
The Fund invests primarily in short-term U.S. government agency
securities that carry the highest credit rating but yield more than U.S. treasury
securities of comparable maturities.
It
invests exclusively in U.S. treasury securities, U.S. government agency
securities, and U.S. government agency mortgage securities as well as
repurchase agreements collateralized by U.S. government securities. The Fund
seeks to maintain liquidity and preserve capital by carefully monitoring the
maturity of its investments. The Fund’s portfolio maintains a dollar-weighted
average maturity of 60 days or less.
Literature
The market value of an investment in the fund is not insured or guaranteed by the U.S. government or its agencies. CDs are insured by the FDIC for up to $100,000 and offer a fixed rate of return. Investment return and share price of the Fund fluctuate with market conditions, and you may have a gain or loss when you sell your shares.
The Fund’s shares are not deposits or obligations of any bank, are not guaranteed by the U.S. Government or any bank, and are not insured by the FDIC or any other agency and involve investment risks, including possible loss of the principal amount invested.
Davis Distributors, LLC, 2949 East Elvira Road, Suite 101, Tucson, AZ 85756