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IMAXX Reich & Tang Daily Inc MMkt Inst Svc

  • Fund
  • IMAXX
  • Price as of: Jul 27, 2015
  • $1.00
  • + $1.00
  • - 0.00%
  • Category
  • Money Market

IMAXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $2.34 B
  • Holdings in Top 10 55.7%

52 WEEK LOW AND HIGH

$1.00
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.48%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2015-03-16

STANDARD (TAXABLE)

$100,000

IRA

N/A

Investment Themes

CATEGORY

Money Market
  • Fund Type Money Market Fund
  • Investment Style Money Market-Taxable

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Daily
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Reich & Tang Daily Income Fund Money Market Portfolio
  • Fund Family Name Reich & Tang
  • Inception Date Apr 06, 1995
  • Shares Outstanding N/A
  • Share Class S
  • Currency USD
  • Domiciled Country United States
  • Manager Management Team

Fund Description

The fund maintains investment portfolios with a dollar-weighted average maturity of 60 days or less, to value its investment portfolios at amortized cost and maintain a net asset value of $1.00 per share. It seeks to achieve its objective by investing principally in short-term money market obligations with maturities of 397 days or less.

IMAXX - Performance

Return Ranking - Trailing

Period IMAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -100.0% 9900.0% 0.47% 3
1 Yr 0.0% -1.8% 0.9% 53.06% 4
3 Yr N/A * 0.0% 2.8% N/A N/A
5 Yr N/A * 0.0% 3.0% N/A N/A
10 Yr N/A * -0.1% 3.5% N/A N/A

* Annualized


Return Ranking - Calendar

Period IMAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 N/A -100.0% 0.4% N/A N/A
2014 N/A -100.0% 900.1% N/A N/A
2013 N/A -4.5% 0.0% N/A N/A
2012 N/A 0.0% 1.4% N/A N/A
2011 N/A 0.0% 6.1% N/A N/A

Total Return Ranking - Trailing

Period IMAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -100.0% 4900.0% 1.50% 3
1 Yr 0.0% -5.7% 1.4% 52.27% 4
3 Yr N/A * -1.9% 2.8% N/A N/A
5 Yr N/A * -1.2% 3.0% N/A N/A
10 Yr N/A * -0.1% 3.5% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period IMAXX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 N/A -100.0% 2.6% N/A N/A
2014 N/A -100.0% 900.1% N/A N/A
2013 N/A -4.6% 0.0% N/A N/A
2012 N/A 0.0% 3.5% N/A N/A
2011 N/A 0.0% 6.2% N/A N/A

NAV & Total Return History

IMAXX - Holdings

Filings data as of: Mar 31, 2015

Concentration Analysis

IMAXX Category Low Category High IMAXX % Rank Quintile
Net Assets 2.34 B 500 K 166 B 15.02% 2
Number of Holdings 32 1 919 12.50% 4
Net Assets in Top 10 1.76 B 5.17 M 116 B 10.98% 2
Weighting of Top 10 55.7% 5.2% 100.5% 13.54% 2

Top 10 Holdings

  1. Federal Home Loan Bank, 0.06% 6.31%
  2. Federal Home Loan Bank, 0.08% 6.31%
  3. China Construction Bank Corp., 0.43% 6.12%
  4. Chesham Finance Llc, 0.30% 5.52%
  5. Ebury Finance Llc 0.29% 5.52%
  6. Halkin Finance Llc 0.29% 5.52%
  7. Federal Home Loan Mortgage Corporation, 0.04% 5.21%
  8. Abbey National Treasury Services Plc, 0.03% 5.05%
  9. Canadian Imperial Bank Of Commerce, 0.02% 5.05%
  10. National Bank Of Kuwait S.A.K, 0.05% 5.05%

Asset Allocation

Weighting Category Low Category High IMAXX % Rank Quintile
Cash
95.81% 0.00% 100.70% 5.13% 2
Bonds
2.69% 0.00% 100.00% 31.23% 4
Other
1.50% -12.63% 100.00% 3.93% 1
Convertible Bonds
0.00% 0.00% 0.00% 0.08% 3
Preferred Stocks
0.00% 0.00% 6.43% 0.32% 3
Stocks
0.00% 0.00% 4.41% 0.16% 3

Bond Sector Breakdown

Weighting Category Low Category High IMAXX % Rank Quintile
Cash & Equivalents
95.81% 0.00% 100.70% 5.13% 2
Municipal
2.69% 0.00% 100.00% 16.19% 2
Securitized
0.00% 0.00% 69.45% 5.77% 3
Corporate
0.00% 0.00% 22.65% 9.38% 4
Derivative
0.00% 0.00% 1.15% 0.16% 3
Government
0.00% 0.00% 97.46% 17.87% 4

Bond Geographic Breakdown

Weighting Category Low Category High IMAXX % Rank Quintile
US
2.69% 0.00% 100.00% 31.57% 4
Non US
0.00% 0.00% 7.46% 1.92% 3

IMAXX - Expenses

Operational Fees

IMAXX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.48% 0.00% 137.84% 10.04% 3
Management Fee 0.12% 0.00% 0.60% 3.24% 2
12b-1 Fee 0.25% 0.00% 1.00% 3.30% 3
Administrative Fee 0.05% 0.00% 0.50% 4.01% 1

Sales Fees

IMAXX Fees (% of AUM) Category Low Category High IMAXX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

IMAXX Fees (% of AUM) Category Low Category High IMAXX Rank Quintile
Max Redemption Fee N/A 0.25% 0.25% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IMAXX Fees (% of AUM) Category Low Category High IMAXX Rank Quintile
Turnover N/A 0.00% 1054.00% N/A N/A

IMAXX - Distributions

Dividend Yield Analysis

IMAXX Category Low Category High IMAXX % Rank Quintile
Dividend Yield 0.0% 0.00% 0.29% 0.96% 3

Dividend Distribution Analysis

IMAXX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

IMAXX Category Low Category High IMAXX % Rank Quintile
Net Income Ratio 0.01% -0.23% 2.23% 3.51% 3

Capital Gain Distribution Analysis

IMAXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Daily Annually Daily Annually

IMAXX - Managers

Management Team

Lead Manager

Start Date

Apr 14, 1994

Tenure

21.22

Tenure Rank

4.0%

Team Managed


Tenure Analysis

Category Low

0.2

Category High

41.2

Category Average

11.8

Category Mode

1.9