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Glossary M Marketing Companies The private-sector companies that market and/ or distribute the investment funds to pension funds, separate from their investment management. The marketing companies also provide some back-office services. The FRS Select funds do not have a marketing company because the investment managers are under direct contract with the FRS and a separate company (Hewitt Associates) performs all back-office functions. Unlike other funds, the FRS Select funds are available only through the FRS Investment Plan. [back to top] Money Market Funds Funds that invest in short-term securities (financial instruments or obligations) that are high quality and can be sold quickly with little loss of value. The funds have limited risk of declining in value. However, over the long-term, the returns may be modest, basically keeping pace with inflation. Money market funds are not FDIC insured or guaranteed. [back to top]