AB Government Exchange Reserves

Frequently Asked Questions About AEAXX

What does AEAXX invest in?

This USD money market mutual fund invests a minimum of 99.5% of its assets in U.S. Treasury securities, government agency obligations, and fully collateralized repurchase agreements. Its primary objective is to sustain a net asset value of $1.00, operating in strict adherence to SEC Rule 2a-7.

What is the expense ratio of AEAXX?

AB Government Exchange Reserves (AEAXX) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of AEAXX?

Effective duration measures AEAXX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. AEAXX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of AEAXX?

AEAXX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of AEAXX?

Yield to maturity (YTM) is the total return you'd earn from AEAXX if every bond in the portfolio is held to maturity at the current price. AEAXX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is AEAXX?

AB Government Exchange Reserves (AEAXX) manages — in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.