Money Market Funds

12 Months Ended

Dec. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Money Market Funds

5. Money Market Funds

Money market funds at December 31, 2015 and 2014 consisted of investments in shares of Morgan Stanley New York Municipal Money Market Trust with a market value of $104,095 and $213,699, respectively.

The Morgan Stanley New York Municipal Money Market Trust is an open-end fund incorporated in the USA. The Fund’s objective is as high level of daily income exempt from federal and New York income tax as is consistent with stability of principal and liquidity. The Fund invests in high quality, short- term municipal obligations that pay interest exempt from federal and NY taxes.

The following table presents money market funds at their level within the fair value hierarchy at December 31, 2015 and 2014.

	Total		Level 1		Level 2		Level 3
December 31, 2015:
Money market funds	$	104,095	$	104,095	$	—	$	—
December 31, 2014:
Money market funds	$	213,699	$	213,699	$	—	$	—