A mutual fund that invests in high quality, short-term debt securities and has relatively low risks compared to other mutual funds. A money market fund generally seeks to maintain a fixed net-asset value – that means if you put $1.00 in, you will get $1.00 out. There is no guarantee that a money market fund will achieve this objective, and an investment in a money market fund can lose value.
Money market funds pay dividends that are generated by their underlying investments. Generally, these dividends will reflect short-term interest rates.
Securities in your Prudential Builder account are protected up to $500,000. For details, please see www.sipc.org Opens in a new window.