Your Money Market Fund holdings under the Program are visible across IBHK's platforms and reports.
| Where | What You Will See |
| All trading platforms (Portfolio screen) | Open positions |
| Activity Statement → Money Market Fund Sweep Balances | Your fund holdings by symbol and description, with quantity, price and value |
| Activity Statement → Money Market Fund Sweep Activity | Sweep transactions (subscriptions and redemptions) and paid distributions (shown as cash dividends), with date, description and amount |
| Activity Statement → Dividend Accruals | Daily accrued distributions not yet paid |
How and when are distributions paid on my Money Market Fund holdings?
Daily accrual
- The Money Market Funds offered under the Program are distributing funds. You accrue distributions every day, based on the number of fund shares you hold and the fund's current distribution rate. Because the distribution rate and your position can change daily, your daily accrual will change with it.
Where to see it
- Accrued distributions that have not yet been paid are shown in your Activity Statement as dividend accruals. Once paid, the distribution appears in the Money Market Fund Sweep Activity section as a cash dividend.
Payment
- Accrued distributions are paid monthly, usually within the first week of the following month.
Good to know
- The distribution rate is set by the fund and can change over time. It is not guaranteed.
- The fund's expense ratio is already deducted before distributions are passed through to you.
- Distributions are paid in cash to your account. They are not reinvested into additional fund shares.