Money Market Mutual Funds

Money Market Mutual Fund performance data quoted represents past performance, and current performance may be lower or higher. Past performance is no guarantee of future results. Performance data for the most recent month-end may be obtained by contacting us.

Footnote *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.

Footnote **You could lose money by investing in the Fund. Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares. The Fund generally must impose a fee when net sales of Fund shares exceed certain levels. 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.

Footnote ¹ $1.00 minimum initial investment.

Footnote ² This is a non-sweep fund — an order must be entered for all transactions (purchases and sales). Please contact your representative for additional information.

Seven-day yields are obtained from a Money Market Mutual Fund service provider. The seven-day current yield is based on the average net income per share for the seven days ended on the date specified above, and the offering price on that date. The current yield reflects any voluntary waivers or reimbursement of fund expenses by the advisor or its affiliates. Absent of these waivers or reimbursement arrangements, performance would have been lower. Please contact your Merrill advisor for current yield information. The seven-day yield shown more closely reflects the current earnings of the fund than the total return performance information. Taxable equivalent yields are for illustrative purposes only. The taxable equivalent yield assumes a 37.0% federal tax rate and will vary based on your federal tax rate.

Dividends from the tax-exempt money market mutual funds and the state-specific money market mutual funds are exempt from federal income tax; dividends from state-specific funds are exempt from the respective state's income tax as well. A portion of these funds' income, however, may be subject to the federal alternative minimum tax (AMT).

Other Information

Merrill, the Bull Symbol, Merrill Edge, ISA, Preferred Deposit and Preferred Deposit for Business are registered trademarks of Bank of America Corporation. Federated Hermes is a trademark of Federated Hermes, Inc. BlackRock is a registered trademark of BlackRock, Inc. Fidelity Investments is a registered trademark of FMR LLC.

Merrill brokerage accounts and investment advisory programs are offered by Merrill Lynch, Pierce, Fenner and Smith Incorporated (MLPF&S). MLPF&S and its affiliate Managed Account Advisers, LLC (MAA) are registered investment advisers. Investment advisor registration does not imply a certain level of skill or training. This material does not take into account a client's particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select.

Merrill and its representatives do not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used, to avoid U.S. federal, state or local tax penalties. Please consult your advisors as to any tax, accounting or legal statements made herein.

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