WAM
WAM (Weighted Average Maturity) is a measure of a fund's sensitivity to interest rate movements utilizing the interest-rate reset date and not a security's stated final maturity.
WAL
WAL (Weighted Average Life) is a measure of a fund's sensitivity to credit spreads or liquidity conditions utilizing a security's stated final maturity date or the date of the next demand feature. WAL does not reflect changes in the interest rate reset date.
Daily Factor
A decimal representing the portion of an annual yield earned in one day.
†The subsidized yield reflects the yield calculation with voluntary reduction currently in effect. Without the reduction returns would have been lower.
Yield quotations more closely reflect the current earnings of money market funds than the total return quotations. Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
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