Verity U.S. Treasury Fund Investor Class (USTVX)

Overview

The fund is an investment vehicle that primarily focuses on acquiring direct debt obligations issued by the United States Treasury. These obligations include various forms of securities such as U.S. Treasury bills, notes, and bonds. The primary goal of the fund is to achieve its investment objective, which revolves around leveraging the financial stability and backing of the U.S. government securities. In adhering to its investment strategy, the fund commits to allocating at least 80% of its net assets, along with any borrowed funds for investment purposes, into direct debt obligations of the U.S. Treasury and into repurchase agreements that are collateralized by such U.S. Treasury securities.

Products and Services

• U.S. Treasury Bills

  Short-term debt obligations issued by the U.S. Treasury with maturities ranging from a few days to 52 weeks. Often sold at a discount from the par value, Treasury bills are a secure investment and provide returns upon maturity. The fund invests in these instruments as part of its strategy to maintain a secure and liquid portfolio.

• U.S. Treasury Notes and Bonds

  Medium to long-term securities that pay periodic interest in the form of coupon payments until maturity, at which point the principal amount is paid back to the holder. Treasury notes typically have maturities of 2, 3, 5, 7, or 10 years, while bonds have longer maturities of 20 to 30 years. These investments offer a balance of safety, income, and potential for modest capital appreciation.

• Repurchase Agreements Collateralized by U.S. Treasury Securities

  Short-term borrowing agreements where the fund purchases U.S. Treasury securities and agrees to sell them back at a predetermined price on a specified date, usually overnight. These agreements provide the fund with high liquidity and income while maintaining a secure position through the collateralization of U.S. Treasury securities.