Reich & Tang Daily Income Fund U.S. Treasury Portfolio - Institutional Service Class

 (MUTF:IDAXX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   -  
1 week   -  
4 week   +0.00%  
3 month   +0.00%  
YTD   +0.01%
   
1 year   +0.01%
   
3 years*   +0.01%
   
5 years*   +0.00%  
*annualized
Best 3 month return+1.53%  
Worst 3 month return0.00%  

Morningstar statistics

Morningstar category: Money Market-Taxable

Key statistics

Total assets2.16B 
Front load-  
Deferred load-  
Expense ratio0.47%  
Management fee-  
Fund familyReich & Tang 

Asset allocation

Cash99.93%  
Stocks0.00%  
Bonds0.00%  
Other0.07%  

Purchase information

Initial$100,000  
Additional$1,000  
1.000.00(0.00%)
Oct 31, 4:00PM EDT

Description

The investment seeks as high a level of current income to the extent consistent with the preservation of capital and the maintenance of liquidity. 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 the fund's net assets (plus any borrowings for investment purposes) in U.S. Treasury Bills, U.S. Treasury Notes, and U.S. Treasury Bonds (collectively, "U.S. Treasury Obligations") with maturities of 397 days or less and repurchase agreements calling for resale in 397 days or less.
Fund filings (PDF) »
Asset manager:
Management Team (Started: Nov 29, 1995)
Advisor Company:
Reich & Tang Asset Management LLC
Fund family reports on Morningstar »
Reich & Tang, 1 SW Columbia Street, Suite 1100, Portland, OR 97258, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha*     -     -     -     -
Beta*     -     -     -     -
Mean annual return 0.00 0.00 0.00 0.11
R-squared*     -     -     -     -
Standard deviation 0.00 0.00 0.00 0.53
Sharpe ratio -5.51 -6.26 -5.42 -2.19
* Against standard index

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