PIMCO's Short-Term strategy is designed to improve on the return provided by a typical money market vehicle, albeit with some additional risk. The Short-Term strategy seeks to maximize current income while preserving capital and providing daily liquidity. The Short-Term strategy invests in money market and short maturity fixed income securities. It differs from traditional money market strategies by investing in longer maturities and a broader opportunity set of securities in an attempt to generate excess relative returns. Of course, utilizing this broader opportunity set also exposes a portfolio to some additional risk.