Cash & Equivalent Fund

Invested primarily in high quality, US Dollar-denominated money market instruments with remaining maturities of 13 months or less, the Cash & Equivalent Fund provides investors with the least amount of market risk and consequently the lowest total rate of return over time of United Church Funds’ 13 funds. Designed for those participants who seek a constant unit value, this fund offers a high level of liquidity with no expectation of appreciation, with income at current money market rates. The Cash & Equivalent Fund’s yield will vary from month to month, generally reflecting current short- term interest rates and other market conditions.

Manager: The Pension Boards-United Church of Christ, Inc.
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