The AAAm-rated* Eagle Cash Trust — Municipal Money Market Fund invests in high-quality municipal securities, considered by many to be highly liquid and the most conservative investment after Treasuries (the safest). The fund's rating is subject to change, does not remove market risk and does not provide any assurance the fund will attain its investment objective. AllianceBernstein, the Fund’s subadviser, performs ongoing, in-depth due diligence on municipal borrowers and maintains a list of approved investments for the Fund that is based on its proprietary, internal ratings system, strict regulatory limits, and the limits of the Fund Prospectus and Statement of Additional Information. Currently, the Fund’s holdings are not subject to any Alternative Minimum Tax; however you should consult your tax advisor regarding your own particular tax situation.

Where applicable, the Fund buys and owns securities that are backed by bank letters of credit. Because letters of credit are considered guarantees under regulatory limits, (i.e. direct credit substitution), the criteria used are the credit ratings of the banks, both by the rating agencies and AllianceBernstein. AllianceBernstein monitors the banks’ credit strength regularly to ensure they remain eligible and appropriate for purchase into the Fund.

A Word about Risk

Investments in the money market funds are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government entity. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the funds.

*Standard & Poor's, a widely recognized independent authority on credit quality, rates certain money market funds based on weekly analysis. When rating a money market fund, Standard & Poor's assesses the safety of principal. According to Standard & Poor's, a fund rated AAAm ("m" denotes money market fund) offers excellent safety features and has superior capacity to maintain principal value and limit exposure to loss. In evaluating safety, Standard & Poor's focuses on credit quality, liquidity and management. The rating is subject to change and does not remove market risk.