Cash Collateral Fund

The mark-to-market net asset value per share of the Fund is calculated using current market quotations (or an appropriate substitute that reflects current market conditions) to value its price per share to four decimal places ("Mark-to-Market NAV").

The Fund’s Mark-to-Market NAV is shown as of the final time that the net asset value was calculated for the Fund on that business day and is shown as of the end of each business day for the Fund during the preceding six months.

As required under Rule 2a-7 of the Investment Company Act of 1940, as amended, the Fund must hold at least 25% of its total assets in “daily liquid assets” and 50% of its total assets in “weekly liquid assets.” Daily liquid assets generally include: (i) cash; (ii) direct obligations of the U.S. Government; (iii) securities that will mature or are subject to a demand feature that is exercisable and payable within one business day; or (iv) amounts receivable and due unconditionally within one business day on pending sales of portfolio securities. Weekly liquid assets generally include: (i) cash; (ii) direct obligations of the U.S. Government; (iii) certain U.S. Government agency discount notes with remaining maturities of 60 days or less; (iv) securities that will mature or are subject to a demand feature that is exercisable and payable within five business days; or (v) amounts receivable and due unconditionally within five business days on pending sales of portfolio securities.

The Fund’s daily liquid asset figures are shown as of the final time that the net asset value was calculated for the Fund on that business day and are shown as of the end of each business day during the preceding six months.

As required under Rule 2a-7 of the Investment Company Act of 1940, as amended, the Fund must hold at least 25% of its total assets in “daily liquid assets” and 50% of its total assets in “weekly liquid assets.” Daily liquid assets generally include: (i) cash; (ii) direct obligations of the U.S. Government; (iii) securities that will mature or are subject to a demand feature that is exercisable and payable within one business day; or (iv) amounts receivable and due unconditionally within one business day on pending sales of portfolio securities. Weekly liquid assets generally include: (i) cash; (ii) direct obligations of the U.S. Government; (iii) certain U.S. Government agency discount notes with remaining maturities of 60 days or less; (iv) securities that will mature or are subject to a demand feature that is exercisable and payable within five business days; or (v) amounts receivable and due unconditionally within five business days on pending sales of portfolio securities.

The Fund’s weekly liquid asset figures are shown as of the final time that the net asset value was calculated for the Fund on that business day and are shown as of the end of each business day during the preceding six months.

The Fund’s historical daily inflows and outflows (“Net Flows”) shown for each business day represent the sum of the Fund’s daily purchases and redemptions for that business day, including any exchanges into or out of the Fund and any reinvestment of dividends, if applicable.

Net Flows for a business day include all purchases or redemptions communicated to the Fund prior to the Fund’s final cut off time for orders on that day. Orders accepted by a Fund’s agent on the applicable business day but not reported to the Fund on that day are reflected in the Fund’s Net Flows for the business day on which they are received by the Fund. The Fund’s Net Flows are shown for each business day during the preceding six months.