Dreyfus AMT-Free Tax Exempt Cash Management

Fund Objective / Approach

The fund seeks as high a level of current income exempt from federal income tax as is consistent with the preservation of capital and the maintenance of liquidity.

Total Fund Assets
$763,412,922  As of 03/15/19
Share Class Assets
$727,081,957  As of 03/15/19
Inception Date
03/12/85
Fiscal Year End
Jan 31
Trade Deadline
12 PM ET
WAM
9 Days  As of 03/15/19
WAL
9 Days  As of 03/15/19
Holdings
99  As of 02/28/19
Min Investment
$10,000,000
1-Day Yield
1.42%  As of 03/15/19
7-Day Subsidized Yield
1.44%  As of 03/15/19
7-Day Unsubsidized Yield
1.38%  As of 03/15/19
30-Day Yield
1.53%  As of 03/15/19
Dividend Factor
0.000116519  As of 03/15/19
Fund Share Price
$1.0000 
Market Value Nav
$1.0000  As of 03/18/19
Class Status
Open

Investors should consider the investment objectives, risks, charges and expenses of any mutual fund carefully before investing. Download a money market fund prospectus, or a summary prospectus, if available, that contains this and other information about a fund. Read it carefully before investing.

The net asset value (NAV) of the fund’s shares will “float,” meaning the NAV or share price of the fund will fluctuate with changes in the values of the fund’s portfolio securities. You could lose money by investing in a money market fund. Because the share price of the fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Fund Share Price calculations reflect the use of amortized cost to the extent permitted by Rule 2a-7. Market value NAV’s disclosed herein do not reflect the use of amortized cost to value any portfolio holdings, as required by Rule 2a-7.

Yield and investment return fluctuate and past performance is no guarantee of future results. As a measure of current income, 7-day yield most closely reflects the fund's current income generating ability. 30-day yield is based upon dividends per share from net investment income during the past 30 days, divided by the period ended maximum offering price per share and annualized. Daily and 30-day yield quotations may reflect current expense absorptions, without which performance would have been lower.

While dividends are declared daily, they are paid monthly (if any).

Market Value NAV: Calculated based on available market quotations (except overnight securities which are valued at amortized cost) related to the Fund’s securities at the close of business on the date stated. It is calculated to the nearest hundredth of a cent or (or $0.0001).

WAM: A measure of the average maturity of all of the underlying money market instruments in the fund, weighted to reflect the relative percentage ownership of each instrument, and taking into account applicable “maturity shortening” provisions provided by the Rule. Generally, for money market funds, WAM can be used primarily as a measure of relative sensitivity to interest rate changes.

WAL: WAL is the WAM of the money market fund calculated without reference to the “maturity shortening” provisions of Rule 2a-7 permitted for purposes of calculating WAM. Because WAL does not reflect the rule’s “maturity shortening” provisions, WAL will generally be higher than WAM.

Any order in proper form placed with Dreyfus by the Fund’s trading deadline and for which Federal Funds are received by 6:00 PM ET will be effective on that date. Investors will earn the dividend declared on that day.

The information on this Web site is not an offer to sell, or a solicitation of an offer to buy, any security, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale may not lawfully be made.

Leading Agency Rating and Other Designations

  • AAAm
    S&P
Fund ratings are statements of opinion, not statements of fact or recommendations to buy, sell or hold the shares of a fund.  Standard & Poor's (S&P) believes that, with a Principal Stability Rating of AAAm, the fund has an extremely strong capacity to maintain principal and stability and to limit exposure to principal losses due to credit, market, and/or liquidity risks.  For more information on rating methodology visit www.standardandpoors.com.  Rating agencies may revise or withdraw their ratings at any time, and ratings are not intended to guarantee a fund's performance nor are they intended to signal the suitability of an investment.

 

Portfolio Daily Net Inflow or Outflow

As of  03/15/19
  Start Date End Date  
$4,985,120

The Fund’s net inflows and outflows represent the Fund’s daily purchases and redemptions for that business day, including any exchanges and reinvestment of dividends, if applicable.

Portfolio Weekly Liquid Assets

As of 03/15/19
Start Date End Date  
90.58%

As of  02/28/19 Fund 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus AMT-Free Tax Exempt Cash Management
DEIXX
1.30% 0.76% 0.46% 0.27% 2.47% 03/12/85
As of  12/31/18 Fund 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus AMT-Free Tax Exempt Cash Management
DEIXX
1.25% 0.69% 0.42% 0.26% 2.47% 03/12/85
As of  02/28/19 Fund 1 MO 3 MO 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus AMT-Free Tax Exempt Cash Management
DEIXX
0.11% 0.35% 1.30% 2.30% 2.32% 2.76% 128.66% 03/12/85
As of  12/31/18 Fund 1 MO 3 MO 1 YR 3 YRS 5 YRS 10 YRS Since Inception Inception Date
Dreyfus AMT-Free Tax Exempt Cash Management
DEIXX
0.13% 0.38% 1.25% 2.08% 2.09% 2.68% 128.16% 03/12/85

YTD Returns

As of  03/15/19 As of  02/28/19 As of  12/31/18
0.29% 0.22% 1.25%

The performance data quoted represents past performance, which is no guarantee of future results. Yield, share price and investment return fluctuate and an investor’s shares may be worth more or less than original cost upon redemption. Current performance may be lower or higher than the performance quoted. Click above for month-end returns.

Fund 02/19 01/19 12/18 11/18 10/18 09/18 08/18 07/18 06/18 05/18 04/18 03/18
DEIXX
1.47% 1.24% 1.53% 1.51% 1.42% 1.37% 1.30% 0.94% 1.12% 1.24% 1.39% 1.01%

Yield fluctuates and past performance is no guarantee of future results. As a measure of current income, 7-day yield most closely reflects the fund's current income generating ability.

Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.

Fund 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
DEIXX
1.25% 0.59% 0.23% 0.01% 0.01% 0.00% 0.00% 0.03% 0.10% 0.44%

Investment return fluctuates and past performance is no guarantee of future results.

Taxable Equivalent Yield Based on the Fund's 30-day Yield

30-Day Yield: 1.53%

Combined Effective Federal Income Tax Rate

 

As of  03/15/19
Name 27.80% 32.00% 35.80% 38.80% 40.80%
Joint Return $250,001 to $315,000 - $315,001 to $400,000 $400,001 to $600,000 Over $600,001
Single Return - $157,501 to $200,000 - $200,001 to $500,000 Over $500,001
Dreyfus AMT-Free Tax Exempt Cash Management
DEIXX
2.12% 2.25% 2.38% 2.50% 2.58%

The table above reflects the increased tax rates for incomes over $250,001 (joint)/$200,001 (single) which includes the 3.8% Medicare income tax, as applicable under law. Please consult your tax advisor on any tax-related matters. The hypothetical examples provided above are not intended to predict or project investment performance or outcomes, and actual results will vary.

Income is subject to state and local taxes. Capital gains, if any, are fully taxable.


Asset Allocation

As of  02/28/19

      Final Maturity

      As of  02/28/19

      Portfolio composition is subject to change at any time. Data reflects days until final maturity for individual portfolio securities.

      Holdings Report

      Fund Name Total Holdings  As of Historical Daily Holdings
      Dreyfus AMT-Free Tax Exempt Cash Management
      03/15/19

      See All Money Market Fund Holdings

      Portfolio composition is subject to change at any time.  The holdings listed should not be considered recommendations to buy or sell a security.

      Link to each fund's Form N-MFP on the Securities and Exchange Commission website.


      Monthly Expense Ratios (Annualized)

      As of  02/28/19 Fee Description Expense Ratio (%)
      Management Fee 0.20%
      Shareholder Service Fees 0.02%
      Other Expenses 0.04%
      Total Expenses 0.26%
      Expenses Reimbursed 0.06%
      Net Expenses 0.20%

      This data is annualized.  Monthly operating expenses may vary month to month.

      During the period, Dreyfus absorbed a portion of the fund's expenses. This arrangement may be modified at any time.

      Prospectus Fee Table Expense Ratios

      As of  06/01/18 Fee Description Expense Ratio (%)
      Management Fee 0.20%
      Shareholder Service Fees 0.02%
      Other Expenses 0.04%
      Total Expenses 0.26%