Investment Fund

Share Class
Purchase Restrictions: Class R-1 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
Price at NAV $1.00 as of 7/18/2025 (updated daily)
Fund Assets (millions) $35,836.5
Portfolio Managers
N/A
Expense Ratio
(Gross/Net %)
0.38 / 0.38%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds6.5%
Non-U.S. Bonds0.0%
Cash & Equivalents
93.5%
As of 6/30/2025 (updated monthly)

Description

Fund Objective
The investment objective of the fund is to provide you with a way to earn income on your cash reserves while preserving capital and maintaining liquidity. The fund is a government money market fund that seeks to preserve the value of your investment at $1.00 per share.

Fund Statistics

47 days
Weighted Average Maturity
78 days
Weighted Average Life

As of 6/30/2025 (updated monthly)

Liquidity, Net Flows & Pricing

As of Date Daily Liquid Assets (%) Weekly Liquid Assets (%) Net Flows ($) Market Value NAV ($)
7/17/25 62.73 88.24 -28,516,197.13 1.0000
7/16/25 62.27 88.14 -30,476,224.98 1.0000
7/15/25 62.47 88.38 -21,043,689.34 1.0000
7/14/25 61.95 87.59 -27,119,649.43 1.0000
7/11/25 63.09 86.48 -28,040,447.83 1.0002
7/10/25 62.91 85.82 -6,096,187.31 1.0000

VIEW HISTORY

Fund Facts

Fund Inception 5/01/2009
Fund Assets (millions)
As of 6/30/2025
 $35,836.5
Shareholder Accounts
Shareholder accounts are as of 6/30/2025
 472
Regular Dividends Paid
Monthly
Minimum Initial Investment $0
Capital Gains Paid
Dec
Fiscal Year-End Sep
Prospectus Date 12/01/2024
CUSIP 02630U 86 7
Fund Number 2159

Returns

Internal Prompt

Month-End Returns as of 6/30/25

Returns at NAV
| With Sales Charge
Read important investment disclosures
RAAXX
USTREAS T-Bill Auction Ave 3 Mon

Quarter-End Returns as of 6/30/25

Growth of 10K

Read important investment disclosures

High & Low Prices

Internal Prompt

Yield Read important investment disclosures

7-Day SEC Yield
as of 7/18/2025 (updated daily) 		7-Day SEC Yield
as of 6/30/2025 (updated monthly)
Fund at NAV 3.97% 3.93%
Fund at MOP N/A N/A

Holdings

Money Market Breakdown

Sectors

 U.S. Treasuries 40.9%
Government Agency Securities 34.3%
Repurchase Agreements 17.6%
Agency Notes & Bonds 7.2%

% of net assets as of 6/30/2025 (updated monthly)

Top Securities

FEDERAL RESERVE BANK OF NEW YORK 4.25% 07-01-2 ...
4.5%
U.S. Treasury 0% 11/13/2025
3.9%
U.S. Treasury 0% 11/20/2025
3.3%
U.S. Treasury 0% 7/8/2025
3.0%
U.S. Treasury 0% 7/15/2025
2.8%
U.S. Treasury 0% 7/29/2025
2.4%
SOCIETE GENERALE (NEW YORK BRANCH) 4.39% 07-01 ...
2.2%
FED HM LN BK BD 8/20/2025
2.2%
U.S. Treasury 0% 7/1/2025
2.0%
FED HM LN BK BD 8/8/2025
1.9%

% of net assets as of 6/30/2025 (updated monthly)

QUARTERLY HOLDINGS

MONTHLY HOLDINGS

Prices & Distributions

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Historical Prices Month-End

2025

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 07/18/25

FIND HISTORICAL DISTRIBUTIONS
2025
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/25 02/03/25 $0.0034484 $0.00 $0.00 $0.00 $1.00
Daily 02/28/25 03/03/25 $0.0030665 $0.00 $0.00 $0.00 $1.00
Daily 03/31/25 04/01/25 $0.0033695 $0.00 $0.00 $0.00 $1.00
Daily 04/30/25 05/01/25 $0.0032482 $0.00 $0.00 $0.00 $1.00
Daily 05/30/25 06/02/25 $0.0033703 $0.00 $0.00 $0.00 $1.00
Daily 06/30/25 07/01/25 $0.0032445 $0.00 $0.00 $0.00 $1.00
2025 Year-to-Date: Dividends Subtotal: $0.01974734 Cap Gains Subtotal: $0.00
Total Distributions: $0.01974734

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.27%
Other Expenses 0.11%
Service 12b-1 0.00%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RAAXX 0.38%
Lipper U.S. Government Money Market Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).