DREXX: Reich & Tang Daily Inc US Govt Retail

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DREXX Reich & Tang Daily Inc US Govt Retail

  • Fund
  • DREXX
  • Price as of: N/A
  • N/A N/A N/A
  • Primary Category
  • N/A
  • Fund Company
  • N/A
  • Share Class

DREXX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $835 M
  • Holdings in Top 10 78.7%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.16%

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 Mar 16, 2015

STANDARD (TAXABLE)

$5,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

N/A
  • Fund Type Money Market Fund
  • Investment Style Money Market-Taxable

Distributions

  • YTD Total Return N/A
  • 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 Daily Income Fund U.S. Government Portfolio
  • Fund Family Name N/A
  • Inception Date Dec 12, 2006
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States

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 invests at least 80% of its net assets in short-term, marketable securities and instruments issued or guaranteed by the U.S. government or by its agencies or instrumentalities, with maturities of 397 days or less, and repurchase agreements calling for resale in 397 days or less backed by Government Securities.

DREXX - Mutual Fund Categories

DREXX - Performance

Return Ranking - Trailing

Period DREXX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.0% 3.3% N/A
1 Yr 0.0% 0.0% 3.7% N/A
3 Yr 0.0%* -0.5% 0.0% N/A
5 Yr 0.0%* -37.0% 0.3% N/A
10 Yr N/A* -20.6% 0.8% N/A

* Annualized


Return Ranking - Calendar

Period DREXX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -1.4% 0.0% N/A
2017 N/A 0.0% 2.1% N/A
2016 N/A -90.1% 0.0% N/A
2015 N/A 0.0% 0.4% N/A
2014 N/A 0.0% 3.1% N/A

Total Return Ranking - Trailing

Period DREXX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.0% 3.3% N/A
1 Yr 0.0% 0.0% 3.7% N/A
3 Yr 0.0%* -0.5% 0.0% N/A
5 Yr 0.0%* -37.0% 0.3% N/A
10 Yr N/A* -20.6% 0.8% N/A

* Annualized


Total Return Ranking - Calendar

Period DREXX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -1.4% 0.0% N/A
2017 N/A 0.0% 2.1% N/A
2016 N/A -90.1% 0.0% N/A
2015 N/A 0.0% 0.4% N/A
2014 N/A 0.0% 3.1% N/A

NAV & Total Return History

DREXX - Holdings

Concentration Analysis

DREXX Category Low Category High DREXX % Rank
Net Assets 835 M 4.87 M 172 B N/A
Number of Holdings 37 1 1055 N/A
Net Assets in Top 10 767 M 2.07 M 98.1 B N/A
Weighting of Top 10 78.72% 8.9% 110.3% N/A

Top 10 Holdings

  1. Federal National Mortgage Association, 0.08% 20.51%

  2. Federal Home Loan Bank 0.07% 10.26%

  3. Federal National Mortgage Association, 0.09% 10.26%

  4. Federal Home Loan Bank 0.06% 8.72%

  5. Bank Of America, N.A. 0.10% Dated 03/31/15, Due , Repurchase Proceeds At Ma 7.69%

  6. Federal Home Loan Bank 0.06% 7.13%

  7. Federal Agricultural Mortgage Corporation, 0.11% 5.13%

  8. Federal Home Loan Mortgage Corporation, 0.10% 3.59%

  9. Federal Agricultural Mortgage Corporation, 0.08% 2.77%

  10. Redevelopment Agency Of The City And County Of San Francisco Multifamily Ho 2.67%


Asset Allocation

Weighting Return Low Return High DREXX % Rank
Cash
97.21% -1.98% 102.14% N/A
Bonds
15.43% 0.00% 110.26% N/A
Stocks
0.00% 0.00% 3.56% N/A
Preferred Stocks
0.00% 0.00% 0.00% N/A
Convertible Bonds
0.00% 0.00% 1.39% N/A
Other
-12.63% -20.98% 100.00% N/A

Bond Sector Breakdown

Weighting Return Low Return High DREXX % Rank
Cash & Equivalents
97.21% -1.98% 102.14% N/A
Municipal
15.43% 0.00% 101.98% N/A
Derivative
0.00% 0.00% 0.51% N/A
Securitized
0.00% 0.00% 35.60% N/A
Corporate
0.00% 0.00% 25.86% N/A
Government
0.00% 0.00% 110.26% N/A

Bond Geographic Breakdown

Weighting Return Low Return High DREXX % Rank
US
15.43% 0.00% 110.26% N/A
Non US
0.00% 0.00% 33.86% N/A

DREXX - Expenses

Operational Fees

DREXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.16% 0.00% 2.80% N/A
Management Fee 0.12% 0.05% 0.57% N/A
12b-1 Fee 0.90% 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.50% N/A

Sales Fees

DREXX 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

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

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

DREXX - Distributions

Dividend Yield Analysis

DREXX Category Low Category High DREXX % Rank
Dividend Yield 0.00% 0.00% 1.71% N/A

Dividend Distribution Analysis

DREXX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

DREXX Category Low Category High DREXX % Rank
Net Income Ratio 0.01% 0.00% 2.42% N/A

Capital Gain Distribution Analysis

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

DREXX - Managers

Tenure Analysis

Category Low

10.17

Category High

17.58

Category Average

14.42

Category Mode

15.51