![]() Please review your sweep money market fund’s prospectus to learn more about the compensation we receive from such funds. ![]() We receive compensation from these funds at rates that are set by the funds’ prospectuses and currently range, depending on the program in which you invest, from 0.10% per year ($10 per $10,000 of assets) to 0.25% per year ($25 per $10,000 of assets) of the total money market sweep fund assets held by our clients. You will bear a proportionate share of the applicable fund’s expenses in which your account assets are invested. ![]() Our affiliate, Morgan Stanley Investment Management (“MSIM”), serves and receives compensation as the investment adviser to the money market funds that are available as part of the Bank Deposit Program (“BDP”) or as an alternative if you are not eligible for BDP. If the account is ineligible to participate in the Bank Deposit Program, any free credit balances in the account will be swept into one of the alternatives based upon eligibility.ĬOMPENSATION PAID TO Morgan Stanley Smith Barney LLC The Bank Deposit Program is described in the account opening materials as well as in the Bank Deposit Disclosure Statement. The Bank Deposit Program is the default sweep option for accounts at Morgan Stanley Smith Barney unless the account is ineligible to participate in the Bank Deposit Program. Free credit balances generally include the uninvested cash in a client’s account(s) minus certain items such as purchase transactions due to settle within a specified time period, other charges to a client’s account(s), and cash balances that are designated as collateral for a client’s obligations. (Please see above for MGPXX 7-Day Effective Yield.)įor more information, view the Bank Deposit Program Disclosure Statement. ![]() Deposit balances above $20 million in an account are swept, without limit, to MGPXX. Interest rate tiers are based upon value of total deposit balances in the account. Under the Bank Deposit Program, free credit balances held in an account(s) at Morgan Stanley Smith Barney LLC are automatically deposited into an interest-bearing deposit account(s), at FDIC-insured banks. You will receive the cash proceeds less the liquidity fee and any other applicable fees. If a liquidity fee is imposed, the liquidity fee will be deducted from the cash proceeds when you redeem your shares. If a redemption gate is imposed, you will not be allowed to sell your positions and redeem shares from that money market mutual fund until the gate is lifted. ![]() Money market mutual funds may be subject to liquidity fees and redemption gates if determined appropriate by the money market mutual fund's board. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. An investment in any money market mutual fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund may impose a fee upon sale of the shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below requirement minimum because of market conditions or other factors. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. You could lose money by investing in a money market mutual fund. ![]()
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