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Money Market Funds
Money Market Funds are open-end mutual funds, which invest only
in money markets and can be taxable or tax-exempt.
Excess cash in your LaBrunerie Financial account will be swept
into a taxable or tax-exempt money fund. Each day, all available
cash balances coming from trades and distributions are automatically
transferred into your interest-bearing investment or money market
fund
You can choose either a taxable or nontaxable fund from Reich &
Tang Funds for your money market account. Your priority account
lets you invest in the money market fund that best suits your needs.
Reich & Tang offers taxable, government, federal tax free, and
state tax free.
The Institutional Daily Income Fund/Money Market
Portfolio and the Institutional Daily Income Fund/US Treasury Portfolio
have an initial requirement of $1 million.
An investment in Money Market funds are not
insured or guaranteed by FDIC or any other government agency. Although
the funds seek to preserve the value of your investment at $1 per
share, it is possible to lose money by investing in the funds. A
portion of the income from tax-free funds may be subject to state
and local taxes and the Federal Alternative Minimum Tax.
The representative yields shown are subject
to market conditions and may fluctuate. A portion of the Funds'
fees were waived or reimbursed during the reporting period. Without
the waivers or reimbursements, the yields noted above would have
been lower. Past performance is no guarantee of future results.
Income from Tax-exempt Funds may be subject
to state or local taxes, and if applicable, the Federal alternative
minimum tax (AMT).
The fund overviews presented on this page are
not the Fund Prospectus and are for informational purposes only
and are not to be construed as preferring one fund over another
or as advice to purchase any fund. Prudent investors will obtain
and read the Prospectus for each fund.
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