DRTXX: Reich & Tang Daily Inc MMkt Retail

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DRTXX Reich & Tang Daily Inc MMkt Retail


Profile

DRTXX - Profile

Vitals

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

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.15%

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 Caregory 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 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
    N/A
  • Inception Date
    Nov 28, 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 seeks to achieve its objective by investing principally in short-term money market obligations with maturities of 397 days or less.


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Categories

DRTXX - Mutual Fund Categories


Performance

DRTXX - Performance

Return Ranking - Trailing

Period DRTXX 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 DRTXX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.4% 0.0% N/A
2018 N/A 0.0% 2.1% N/A
2017 N/A -90.1% 0.0% N/A
2016 N/A 0.0% 0.4% N/A
2015 N/A 0.0% 3.1% N/A

Total Return Ranking - Trailing

Period DRTXX 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 DRTXX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -1.4% 0.0% N/A
2018 N/A 0.0% 2.1% N/A
2017 N/A -90.1% 0.0% N/A
2016 N/A 0.0% 0.4% N/A
2015 N/A 0.0% 3.1% N/A

NAV & Total Return History


Holdings

DRTXX - Holdings

Concentration Analysis

DRTXX Category Low Category High DRTXX % Rank
Net Assets 2.34 B 4.87 M 172 B N/A
Number of Holdings 32 1 1055 N/A
Net Assets in Top 10 1.76 B 2.07 M 98.1 B N/A
Weighting of Top 10 55.69% 8.9% 110.3% N/A

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 Return Low Return High DRTXX % Rank
Cash
95.81% -1.98% 102.14% N/A
Bonds
2.69% 0.00% 110.26% N/A
Other
1.50% -20.98% 100.00% 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

Bond Sector Breakdown

Weighting Return Low Return High DRTXX % Rank
Cash & Equivalents
95.81% -1.98% 102.14% N/A
Municipal
2.69% 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 DRTXX % Rank
US
2.69% 0.00% 110.26% N/A
Non US
0.00% 0.00% 33.86% N/A

Expenses

DRTXX - Expenses

Operational Fees

DRTXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 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

DRTXX 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

DRTXX 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.

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

Distributions

DRTXX - Distributions

Dividend Yield Analysis

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

Dividend Distribution Analysis

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

Net Income Ratio Analysis

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

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DRTXX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
10.17 17.58 14.42 15.51