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Fund Objective

The Fund’s investment objective is to seek high current income exempt from state income taxes while maintaining a stable net asset value of $1.00 per share.

Strategy Highlights

  • The Fund will invest at least 99.5% of its total assets in cash, government securities, and/or repurchase agreements collateralized by cash or government securities.
  • Primarily invests in cash, repurchase agreements and government securities with interest guaranteed by the full faith and credit of the United States Government.
  • Buys securities that have a maturity of less than 397 days.

Management Team

Peter Higgins
Head of Fixed Income and Sr. Portfolio Manager

Peter Higgins
Peter Higgins

Head of Fixed Income and Sr. Portfolio Manager

Peter Higgins

Peter Higgins has over 25 years of experience in fixed income investing, most notably as Partner and Lead Portfolio Manager at both Ares Management and BlueBay Asset Management. Previously, Peter specialized in global leveraged finance at investment banks such as Deutsche Bank AG, Goldman Sachs & Co. and Credit Suisse in both London, England, and New York City. Peter earned a bachelor’s degree in Economics-Political Science from Columbia University.

Fund at a glance

Index investing has become one of the most popular investment styles in the United States. We feel that in efficient markets, the lower relative fees give our index funds a distinct advantage over actively managed funds with similar investment styles. Furthermore, investing in an index fund gives the investor diversification and a predictable management style.

Please note that diversification does not guarantee a profit or protect against loss.

  • The stocks in the Fund represent roughly 7.3% of the total market index as measured by the S&P 1500 Composite Index.
  • It is made up of medium-sized companies, many of which are leaders in their respective industries.
  • The portfolio invests in each major market sector.
  • The stocks held by the Fund are different than those included in the S&P 500 and S&P SmallCap Index Funds. Therefore, it represents a diversification opportunity for investors of our other index funds.

Important Information

Fund Filings

Obtain the most recent 12 months of Securities and Exchange Commission filings pertaining to the U.S. TREASURY TRUST FUND.

Obtain Filings

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

An investment in the fund involves risk, including possible loss of principal. Fund information is not intended to represent future portfolio composition. Portfolio holdings are subject to change and should not be considered a recommendation to buy individual securities.

The value of fixed income securities may be affected by changes in interest rates and changes in credit ratings of the securities.