CDTXX: Reich & Tang California Daily Tax-Free Income Fund - MutualFunds.com
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Reich & Tang CA Daily Tax-Free Inc B

CDTXX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $521 M
  • Holdings in Top 10 88.9%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.62%

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 Jul 27, 2015
  • Standard (Taxable) $5,000
  • IRA N/A

Fund Classification

  • Primary Theme N/A
  • Fund Type Money Market Fund
  • Investment Style Money Market-Tax-Free

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Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

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CDTXX - Profile

Distributions

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

Fund Details

  • Legal Name
    Reich & Tang California Daily Tax-Free Income Fund
  • Fund Family Name
    Reich & Tang
  • Inception Date
    Oct 09, 1996
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Management Team

Fund Description

Although the advisor will attempt to invest 100% of its total assets in Municipal Obligations and Participation Certificates therein, the fund normally will invest at least 80% of its net assets, plus any borrowings for investment purposes, in Municipal Obligations, the income from which is exempt from both federal and California income tax.

CDTXX - Performance

Return Ranking - Trailing

Period CDTXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 3.8% 49.40%
1 Yr 0.0% 0.0% 3.7% 49.46%
3 Yr 0.0%* -0.6% 0.0% 49.16%
5 Yr 0.0%* 0.0% 0.3% 49.09%
10 Yr 0.8%* 0.0% 0.9% N/A

* Annualized

Return Ranking - Calendar

Period CDTXX Return Category Return Low Category Return High Rank in Category (%)
2020 0.0% -1.4% 0.0% 49.24%
2019 0.0% 0.0% 2.1% 49.51%
2018 0.0% -3.5% 0.0% 48.88%
2017 0.0% 0.0% 0.4% 49.37%
2016 0.0% 0.0% 3.1% 49.43%

Total Return Ranking - Trailing

Period CDTXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 3.8% 49.40%
1 Yr 0.0% 0.0% 3.7% 49.46%
3 Yr 0.0%* -0.6% 0.0% 49.16%
5 Yr 0.0%* 0.0% 0.3% 49.09%
10 Yr 0.8%* 0.0% 0.9% N/A

* Annualized

Total Return Ranking - Calendar

Period CDTXX Return Category Return Low Category Return High Rank in Category (%)
2020 0.0% -1.4% 0.0% 49.24%
2019 0.0% 0.0% 2.1% 49.51%
2018 0.0% -3.5% 0.0% 48.88%
2017 0.0% 0.0% 0.4% 49.37%
2016 0.0% 0.0% 3.1% 49.43%

CDTXX - Holdings

Concentration Analysis

CDTXX Category Low Category High CDTXX % Rank
Net Assets 521 M 4.87 M 172 B 75.27%
Number of Holdings 18 2 1055 92.76%
Net Assets in Top 10 618 M 2.07 M 98.1 B 58.98%
Weighting of Top 10 88.89% 9.8% 118.1% 8.71%

Top 10 Holdings

  1. Federal Home Loan Bank 0.03% 17.99%
  2. Federal Home Loan Bank 0.09% 14.39%
  3. Federal Home Loan Bank 0.07% 12.84%
  4. Federal Home Loan Bank 0.04% 11.56%
  5. Federal Home Loan Bank 0.07% 7.20%
  6. Federal National Mortgage Association 0.09% 7.19%
  7. Federal Home Loan Bank 0.08% 5.04%
  8. California Pcfa Pcrrb (Pacific Gas And Electric Company) - 1996 Series E Lo 4.32%
  9. Federal Agricultural Mortgage Corporation 0.08% 4.32%
  10. State Of California Go Bonds, Series 2003a-2 Loc Bmo Harris Bank 0.01% 4.06%

Asset Allocation

Weighting Return Low Return High CDTXX % Rank
Cash 		84.33% 0.00% 101.35% 22.12%
Bonds 		12.40% 0.00% 103.85% 79.49%
Other 		3.27% -12.13% 100.00% 1.21%
Stocks 		0.00% 0.00% 3.56% 50.80%
Preferred Stocks 		0.00% 0.00% 0.12% 49.46%
Convertible Bonds 		0.00% 0.00% 1.12% 50.00%

Bond Sector Breakdown

Weighting Return Low Return High CDTXX % Rank
Cash & Equivalents 		84.33% 0.00% 101.35% 25.03%
Municipal 		12.40% 0.00% 99.96% 20.32%
Derivative 		0.00% 0.00% 0.51% 49.66%
Securitized 		0.00% 0.00% 35.60% 55.59%
Corporate 		0.00% 0.00% 25.86% 64.60%
Government 		0.00% 0.00% 103.85% 82.23%

Bond Geographic Breakdown

Weighting Return Low Return High CDTXX % Rank
US 		12.40% 0.00% 103.85% 70.78%
Non US 		0.00% 0.00% 36.11% 59.25%

CDTXX - Expenses

Operational Fees

CDTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.00% 2.80% 32.62%
Management Fee 0.30% 0.05% 0.57% 78.21%
12b-1 Fee 0.00% 0.00% 1.00% 13.99%
Administrative Fee 0.21% 0.01% 0.50% 87.00%

Sales Fees

CDTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CDTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

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.

CDTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 235.00% N/A

CDTXX - Distributions

Dividend Yield Analysis

CDTXX Category Low Category High CDTXX % Rank
Dividend Yield 0.00% 0.00% 3.14% 92.78%

Dividend Distribution Analysis

CDTXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CDTXX Category Low Category High CDTXX % Rank
Net Income Ratio 0.01% 0.00% 2.42% 96.66%

Capital Gain Distribution Analysis

CDTXX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History