Other sweep options include the Eagle Class of JPMorgan U.S. Government Money Market Fund, Eagle Class of JPMorgan Municipal Money Market Fund, Eagle Class of JPMorgan California Municipal Money Market Fund, and Eagle Class of JPMorgan New York Municipal Money Market Fund.
The minimum required cash balance to participate in the automatic cash sweep program is $1,000. Clients with balances less than $50 in their money market accounts may periodically have their balances transferred to noninterest-bearing cash positions. If their accounts subsequently reach $1,000 in available cash, the cash will be swept back to the applicable money market funds. The $50 balance transfer and $1,000 minimum policies do not apply to qualified retirement accounts.
Important Information For Raymond James’ Clients (PDF)
Investments in the JPMorgan money market funds are neither guaranteed nor insured by FDIC or any other government agency, although such investments are generally eligible for coverage provided by SIPC and excess SIPC. While these funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the funds.
Investors should carefully consider the investment objectives, risks, charges and expenses of money market funds before investing. The prospectus contains this and other information about the funds. View prospectus for Eagle Class – JPMorgan Money Market Funds. The prospectus is available from your financial advisor and should be read carefully before investing.