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Up to 35% of the Fund’s assets may be invested in short-term debt instruments to meet anticipated day-to-day operating expenses.
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Up to 35% of the Fund’s assets may be invested in short-term debt instruments to meet anticipated day-to-day operating expenses.
Debt instruments are a way for markets and participants to easily transfer the ownership of debt obligations from one party to another. Debt obligation transferability increases liquidity and gives creditors a means of trading debt obligations on the market. Without debt instruments acting as a means to facilitate trading, debt is an obligation from one party to another. When a debt instrument is used as a medium to facilitate debt trading, debt obligations can be moved from one party to another quickly and efficiently.
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