Overview
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Description
Franklin U.S. Government Money Fund is a government money market mutual fund that primarily seeks to provide shareholders with high current income while maintaining capital preservation and liquidity. The fund invests at least 99.5% of its total assets in U.S. government securities, cash, and repurchase agreements that are fully collateralized by government securities or cash. These government securities encompass those issued or guaranteed by the United States or by entities acting as instrumentalities of the U.S. government, and may include agencies such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. The fund employs a stringent risk management approach, only purchasing securities deemed to present minimal credit risk, and maintains a short portfolio maturity to support liquidity and price stability. As a government money market fund, it aims to maintain a stable $1.00 share price using the amortized cost method, playing a critical role for investors seeking safety, liquidity, and competitive yields on short-term cash holdings within the broader financial market.
About
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Instrument type
Mutual fund
Country
United States
MIC code
XNAS