Raymond James Cash Sweep Programs
Eagle Class – JPMorgan Money Market Mutual Funds
Other sweep options include the Eagle Class – JPMorgan Prime Money Market Fund, as well as the Eagle Class – JPMorgan Tax Free Money Market Fund, which seeks to achieve income that is exempt from federal income tax.
The minimum required cash balance to participate in the automatic cash sweep program is $1,000. Clients with balances less than $50 in their money market accounts may periodically have their balances transferred to noninterest-bearing cash positions. If their accounts subsequently reach $1,000 in available cash, the cash will be swept back to the applicable money market funds. The $50 balance transfer and $1,000 minimum policies do not apply to qualified retirement accounts.
Investments in the Eagle Class – JPMorgan money market funds are neither guaranteed nor insured by FDIC or any other government agency, although such investments are generally eligible for coverage provided by SIPC and excess SIPC. While these funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the funds. Investors should carefully consider the investment objectives, risks, charges and expenses of the Eagle Class – JPMorgan money market funds before investing. The prospectus contains this and other information about these funds. The prospectus is available from your financial advisor and should be read carefully before investing.