Money Market

An excellent first step in establishing your relationship with R. Seelaus setting up a Medallion Account, which includes:

• A minimum initial investment of only $1,000 in cash and/or securities;no minimum balance once the account is opened;no annual account fee;
• A choice of three professionally managed money-market-fund portfolios: Money-Market,Government Securities 1, and Tax-Exempt;
• Automatic reinvestment of interest, dividends, and other cash balances into the money-market portfolio you select;
• No-minimum checking;
• Convenient worldwide 24-hour ATM access;
• Overdraft protection and a Private Credit Line based on the value of your marginable securities, which allows you to borrow (at rates usually lower than those available from banks) by simply writing a check or using your ATM card; the more you have, the more you can borrow, and the interest may be tax-deductible up to the total of your taxable investment income from all sources;
• Direct Deposit - automatic deposit of your paycheck (or government checks like Social Security) in your Medallion Account via electronic funds transfer; and
• an Automatic Payment feature - monthly debits for payments like mortgages, insurance drafts, car payments, and mutual-fund investments.

Your Medallion Account makes it easy to manage all your assets more effectively through a single account.2

1. The Government guarantee of the securities owned by the Government Securities Portfolio does not guarantee the net asset value of the Portfolio’s shares, which the Portfolio seeks to maintain at $1.00 per share. Yields on all three portfolios will fluctuate. Future performance is not guaranteed.
2. The Medallion Account fact kit includes the money-market-fund prospectus, which contains complete information, including management fees and expenses. Read it carefully before you invest.