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The High Watermark Funds' guarantee is backed by a master agreement between AIG Series Trust, on behalf of the Funds, and Prudential Global Funding Inc.
The 2010 High Watermark Fund, 2015 High Watermark Fund and 2020 High Watermark Fund are designed to meet a multitude of investors' needs, including education and retirement funding.
The Primary Fund is unique in that it is the only prime money fund that does not invest in commercial paper, asset-backed commercial paper, funding agreements or derivatives.