Money Market Funds are open-end mutual funds, which invest only in money market instruments and can be taxable or tax-exempt.
Excess cash in your Place Trade 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 or Priority Plus 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.
An investment in money market funds are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
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 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.
Place Trade Financial offers competitive money market funds and services through Reich & Tang Funds. Reich and Tang is a manager of money market funds and is a subsidiary of IXIS Asset Management North America, L. P., and investment management firm. Place Trade Financial is not affiliated with with Reich & Tang Funds or its subsidiary IXIS Asset Management North America, L. P. This is not an offer to buy or sell. For a prospectus containing complete information, contact Place Trade Financial's customer service department at 1-800-50-PLACE or visit our web site at www.placetrade.com.