How does the migration of my investments impact me?
During the week of January 2, 2023, Brex Treasury will be migrating all Brex business account customers with investments in Dreyfus Government Cash Management Administrative Shares (DAGXX) to Dreyfus Government Cash Management Investor Shares (DGVXX).
The table below shows how the funds currently invested with Dreyfus Administrative shares will map to the Dreyfus Investor shares:
Fund Name | Ticker | CUSIP | Balance Moves To | Fund Name | Ticker | CUSIP |
Dreyfus Government Cash Management Administrative Shares | DAGXX | 262006406 | → | Dreyfus Government Cash Management Investor Shares | DGVXX | 262006307 |
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DGVXX has the same underlying portfolio securities and will provide the same full liquidity and stability of principal as DAGXX. While DGVXX has a higher fund expense ratio, the net fund yield remains competitive to other comparable funds in the market. You can find expense ratio information for DGVXX in the prospectus here and for DAGXX in the prospectus here.
No action is required on your part for the share class migration. We’ll automatically move your investments from DAGXX to DGVXX during the week of January 2, 2023.
If you’d prefer, you can reallocate your Brex business account funds at any time in your dashboard by going to Accounts > Brex business accounts. Here, you can select Manage allocation > Change allocation and update your allocation strategy to either a suggested strategy or customize your allocation.
If you have questions about the share class migration, please contact our Brex Support team.