Vanguard Cash Reserves Federal Money Market Fund is designated as a government money market fund, which is expected to reduce the fund’s credit risk and strengthen its liquidity. Vanguard Prime Money Market Fund has changed its name and investment strategy and closed one of its share classes to new investors, effective today. Your money market settlement fund is used to pay for and receive proceeds from brokerage transactions, including Vanguard ETFs®, in your Vanguard Brokerage Account. VANGUARD FEDERAL MONEY MARKET FUND. Source: Lipper, a Thomson Reuters Company. The Fund seeks to provide current income consistent with the preservation of capital and liquidity. Cookie Notice. This month, Vanguard converted its Prime money-market fund to Vanguard Cash Reserves Federal Money Market, which invests only in government bonds, for similar reasons. All quotes are in local exchange time. Vanguard Federal Money Market Fund (VMFXX) This Vanguard money market fund invests in U.S. government securities and seeks to provide current income and preserve principal investment value. By using this site you agree to the The income from this fund is taxed at both the federal level and the state level. Vanguard Federal Money Market Fund Investor Shares Ticker: VMFXX 0000106830 / S000004462 / C000012238. investment, market … Learn about Vanguard Federal Money Market Fund, See a complete list of Vanguard money market funds, Find out if tax-exempt mutual funds are right for you, See a list of Vanguard tax-exempt money market funds, See Vanguard's response to money market fund reform. If you're in one of the highest tax brackets and investing outside of your retirement account, you may be able to reduce your tax exposure with a tax-exempt money market fund. A government money market fund must hold at least 99.5% of its assets in cash, U.S. government securities, and/or repurchase agreements collateralized solely by U.S. government securities or cash. Vanguard Federal Money Market Fund is the only settlement fund available. Your money market settlement fund is used to pay for and receive proceeds from brokerage transactions, including Vanguard ETFs ®, in your Vanguard Brokerage Account. The fund invests at least 99.5% of its total assets in cash, U.S. government securities, and/or repurchase agreements that are collateralized solely by U.S. government securities or cash (collectively, government securities). Log in to see them here or sign up to get started. Under normal circumstances, at least 80% of its assets are invested in securities issued by the U.S. government and its agencies and instrumentalities. Its tickers and CUSIPs (Investor Shares VMMXX, CUSIP 922906201; Admiral™ Shares VMRXX, CUSIP 922906508) stayed the same. Vanguard Federal Money Market Fund’s investment objective is to seek to provide current income while maintaining liquidity and a stable share price of $1. It maintains a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less. The data that can be found in each tab includes historical performance, the different fees in each fund, the initial investment required, asset allocation, manager information, and much more. Intraday Data provided by FACTSET and subject to terms of use. The Fund also seeks to maintain a stable net asset value of … Only mutual funds and ETFs (exchange-traded funds) with a minimum 10-year history were included in the comparison. Vanguard Money Market To find out detailed information on Vanguard Money Market in the U.S., click the tabs in the table below. footnote*For the 10-year period ended September 30, 2020, 9 of 9 Vanguard money market funds outperformed their Lipper peer-group averages. There are currently no items in this Watchlist. View & analyze the VMMXX fund chart by total assets, risk rating, Min. Changes are coming for risk-averse Vanguard investors who are parking cash. Here are details of the changes, as announced in August: The fund's name has changed to Vanguard Cash … Vanguard … View the latest quote, returns and news for Vanguard Federal Money Market Fund;Investor (VMFXX). Privacy Notice, and Copyright © 2020 MarketWatch, Inc. All rights reserved. Vanguard Federal Money Market Fund is the only settlement fund available. The fund generally invests 100% of its assets in government securities and therefore will satisfy the 99.5% requirement for designation as a government money market fund. Vanguard Federal Money Market Fund mutual fund. The Fund seeks to provide current income consistent with the preservation of capital and liquidity. Cut your federal tax bill with a national tax-exempt fund. For the best MarketWatch.com experience, please update to a modern browser. Vanguard Prime Money Market Fund (VMMXX). Vanguard Money Market Reserves is a registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. Research current and historical price charts, top holdings, management and full profile. Barron's provides information on holdings, historical returns and other key fund data. The fund is now designated as a government money market fund. View fund performance. At the same time, many online savings accounts are at about 0.80%. A day after Vanguard announced the liquidation of two municipal money market funds, it has converted its Prime Money Market to a Cash Reserves Federal Money Market fund… The fund invests primarily in high-quality, short-term money market instruments. The fund invests primarily in high-quality, short-term money market instruments. Investment objective Vanguard Federal Money Market Fund seeks to provide current income while maintaining liquidity and astable share price of $1. About 70% of the income from the Federal fund is taxed at the federal level but not at the state level; the other 30% of the income is fully taxable at both levels. All investing is subject to risk, including the possible loss of the money you invest. VMFXX Dividend policy Active Price as of: DEC 17, 07:00 PM EDT $1.0 +0.0 +0% primary theme Taxable Money Market share class Inv (VMFXX) Inv (VMFXX) Primary. … Checkwriting is available for Vanguard Federal Money Market Fund and other Vanguard money market funds. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Keep your cash in a money market fund for short-term needs or until you decide how to invest it. Vanguard Prime Money Market Fund will be reorganized into a government money market fund and renamed Vanguard Cash Reserves Federal Money Market Fund. The competitive performance data shown represent past performance, which is not a guarantee of future results. Historical and current end-of-day data provided by FACTSET. Vanguard closed the Treasury Money Market Fund to new investors in mid-April to protect existing shareholders from high levels of cash flow that risked accelerating declines in the … Vanguard Federal Money Market 529 Portfolio* Contributions to this individual fund portfolio will be invested solely in the Vanguard Federal Money Market Fund. Intraday data delayed at least 15 minutes or per exchange requirements. The fund's name has changed to Vanguard Cash Reserves Federal Money Market Fund. Annual Total Returns — Vanguard Federal Money Market Fund Investor Shares 1 1 The year-to-date return as of the most recent calendar quarter, which ended on September 30, 2019, was 1.71%. For … Get added savings if you live in one of the following states: Money market mutual funds are one of the most conservative places to keep your cash. Create a list of the investments you want to track. Investment strategy The fund invests primarily in high-quality, short-term money market instruments issued by the U.S. government and its agencies and instrumentalities. The Fund invests in short term, high quality money market securities issued by US government agencies. Visit a quote page and your recently viewed tickers will be displayed here. Money market mutual funds offer you a place to store your cash and potentially earn income—without as much risk to your investment as stock or bond funds. Get quote details and summary for Vanguard Federal Money Market Fund;Investor (VMFXX). The Vanguard Federal Money Market Fund (VMFXX) Vanguard launched the Vanguard Federal Money Market Fund (VMFXX) in 1981. Vanguard to lower the cost of investing for more than one million Prime fund investors by dropping the investment minimum of the fund’s Admiral Shares to $3,000 from $5 million. Money market fund yields are dropping, prompting Vanguard and BlackRock to waive fees for investors by Erin Arvedlund , Posted: July 24, 2020 In this March 3 photo, Federal Reserve Chair Jerome Powell speaks during a news conference in Washington. Under normal circumstances, at least 80% of its assets are invested in securities issued by the U.S. government and its agencies and instrumentalities. Something went wrong while loading Watchlist. There is also a Vanguard Federal Money Market Fund (VMFXX). Subscriber Agreement & Terms of Use, Distributions of income are taxable. Principal Risks The Fund is designed for investors with a low tolerance for risk; however, the Fund is subject to the following risks, which could affect the Fund's performance: VMFXX (Mutual Fund) Vanguard Federal Money Market Fund Dividend policy Active The fund invests primarily in high-quality, short-term money market instruments. Learn about Vanguard Federal Money Market Fund. This browser is no longer supported at MarketWatch. While this fund usually offers one of the highest cash sweep amongst brokerage accounts, the interest rate is still really low at about 0.10% SEC yield right now. 100% of our low-cost money market funds performed better than their peer-group averages over the past 10 years.*. Vanguard Prime Money Market Fund will be reorganized into a government money market fund and renamed Vanguard Cash Reserves Federal Money Market Fund. Diversification does not ensure a profit or protect against a loss. The Fund generally invests 100% of its assets in government securities and therefore will satisfy the 99.5% requirement for designation as a government money market fund. Late next month, Vanguard will transition its $125.3 billion Prime Money Market Fund to … These electric trucks are coming soon—here’s prices, how far they’ll go and how much they’ll tow, Chris Sacca mocks ‘Robinhood bros’ who spurn his investment advice: ‘Stonks never go down!’, Vanguard’s Treasury Money Market Fund Closes to New Investors, Where to Stash Your Cash Now That Interest Rates Have Risen, Low yields push Vanguard to money-fund steps, Treasury money-market funds shut the door. Serves as the settlement fund for your brokerage sweep account, which is used to pay for and receive proceeds from any brokerage transactions, including the purchase or sale of Vanguard ETFs ®. The Fund also seeks to maintain a stable net asset value of $1.00 per share. Effective immediately, Investor Shares ofVanguard Cash Reserves Federal Money Market Fund (formerly known asVanguard Prime Money Market Fund) are closed to new investors.The Fund’s Investor Shares will remain open to existing investors.You may convert your Investor Shares of the Fund to Admiral Shares at any time by contactingVanguard. Results will vary for other time periods. Total AUM as of April 2020 is $183.35 billion. Have Watchlists? There is no assurance the objectives will be met. Find our live Vanguard Cash Reserves Federal Money Market Fund Investor Shares fund basic information. This money market mutual fund holds the money you use to buy securities, as well as the proceeds whenever you sell. Transfer money between your bank and your Vanguard accounts whenever you need to. Fund chart by total assets, risk rating, Min in to see them here or sign to! Reflect trades reported through Nasdaq only at about 0.80 % your Federal tax bill with a national Fund! 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