How does the migration of my investments impact me?


During the week of January 2, 2023, Brex Treasury will be migrating all Brex Cash 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

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 Cash funds at any time in your dashboard by going to Accounts > Brex Cash Account. 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.

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