The fund is actively managed to provide broad exposure to US money markets. The fund primarily invests in high-quality debt securities, generally not maturing in more than one year, such as money market and short-term fixed-income securities issued by US government and its agencies and corporations. To select investments, the fund adviser follows a bottom-up strategy using diligent credit analysis, while taking into consideration global macroeconomic trends. The portfolio typically allocates high weight to corporate debt. The fund may also have Canadian debt exposure.