Debt securities are subject to interest rate risk, credit risk, income risk, issuer risk and market risk. The value of U.S. Government securities can decrease due to, among other factors, changes in interest rates or changes to the financial condition or credit rating of the U.S. Government.
As a money market fund, the Daily Income Fund has limited potential for income production. You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.