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. 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. Its tickers and CUSIPs (Investor Shares VMMXX, CUSIP 922906201; Admiral™ Shares VMRXX, CUSIP 922906508) stayed the same. Vanguard Prime Money Market Fund will be reorganized into a government money market fund and renamed Vanguard Cash Reserves Federal Money Market Fund. It maintains a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less. 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. Something went wrong while loading Watchlist. 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. The Fund invests in short term, high quality money market securities issued by US government agencies. The fund is now designated as a government money market fund. 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. There are currently no items in this Watchlist. … 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… Your money market settlement fund is used to pay for and receive proceeds from brokerage transactions, including Vanguard ETFs ®, in your Vanguard Brokerage Account. 100% of our low-cost money market funds performed better than their peer-group averages over the past 10 years.*. For the best MarketWatch.com experience, please update to a modern browser. The Fund seeks to provide current income consistent with the preservation of capital and liquidity. Investment objective Vanguard Federal Money Market Fund seeks to provide current income while maintaining liquidity and astable share price of $1. 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. 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. Research current and historical price charts, top holdings, management and full profile. The Fund seeks to provide current income consistent with the preservation of capital and liquidity. Results will vary for other time periods. 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 ®. Under normal circumstances, at least 80% of its assets are invested in securities issued by the U.S. government and its agencies and instrumentalities. Diversification does not ensure a profit or protect against a loss. 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. Subscriber Agreement & Terms of Use, Keep your cash in a money market fund for short-term needs or until you decide how to invest it. There is also a Vanguard Federal Money Market Fund (VMFXX). Late next month, Vanguard will transition its $125.3 billion Prime Money Market Fund to … Vanguard Federal Money Market Fund is the only settlement fund available. 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. 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%. VANGUARD FEDERAL MONEY MARKET FUND. The Fund also seeks to maintain a stable net asset value of … 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. Learn about Vanguard Federal Money Market Fund. Vanguard … Historical and current end-of-day data provided by FACTSET. There is no assurance the objectives will be met. Cut your federal tax bill with a national tax-exempt fund. 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 … Have Watchlists? The fund's name has changed to Vanguard Cash Reserves Federal Money Market Fund. Intraday Data provided by FACTSET and subject to terms of use. Create a list of the investments you want to track. 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. 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. View & analyze the VMMXX fund chart by total assets, risk rating, Min. Barron's provides information on holdings, historical returns and other key fund data. 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 Vanguard Federal Money Market Fund (VMFXX) Vanguard launched the Vanguard Federal Money Market Fund (VMFXX) in 1981. The competitive performance data shown represent past performance, which is not a guarantee of future results. Here are details of the changes, as announced in August: The fund's name has changed to Vanguard Cash … Vanguard Prime Money Market Fund will be reorganized into a government money market fund and renamed Vanguard Cash Reserves Federal Money Market Fund. Vanguard Federal Money Market Fund Investor Shares Ticker: VMFXX 0000106830 / S000004462 / C000012238. Copyright © 2020 MarketWatch, Inc. All rights reserved. Vanguard Prime Money Market Fund (VMMXX). VMFXX (Mutual Fund) Vanguard Federal Money Market Fund Dividend policy Active The fund invests primarily in high-quality, short-term money market instruments. The Fund also seeks to maintain a stable net asset value of $1.00 per share. All investing is subject to risk, including the possible loss of the money you invest. 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. footnote*For the 10-year period ended September 30, 2020, 9 of 9 Vanguard money market funds outperformed their Lipper peer-group averages. Intraday data delayed at least 15 minutes or per exchange requirements. Distributions of income are taxable. At the same time, many online savings accounts are at about 0.80%. 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. 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. All quotes are in local exchange time. Vanguard Money Market Reserves is a registered with the U.S. Security and Exchange Commission and incorporated in the state of Delaware. Checkwriting is available for Vanguard Federal Money Market Fund and other Vanguard money market funds. Source: Lipper, a Thomson Reuters Company. Vanguard Money Market To find out detailed information on Vanguard Money Market in the U.S., click the tabs in the table below. 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: Only mutual funds and ETFs (exchange-traded funds) with a minimum 10-year history were included in the comparison. 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. Cookie Notice. This money market mutual fund holds the money you use to buy securities, as well as the proceeds whenever you sell. Vanguard Federal Money Market 529 Portfolio* Contributions to this individual fund portfolio will be invested solely in the Vanguard Federal Money Market Fund. For … The fund invests primarily in high-quality, short-term money market instruments. Vanguard Prime Money Market Fund has changed its name and investment strategy and closed one of its share classes to new investors, effective today. 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. 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. Log in to see them here or sign up to get started. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Vanguard Federal Money Market Fund is the only settlement fund available. Vanguard Federal Money Market Fund mutual fund. Visit a quote page and your recently viewed tickers will be displayed here. The income from this fund is taxed at both the federal level and the state level. The fund invests primarily in high-quality, short-term money market instruments. View the latest quote, returns and news for Vanguard Federal Money Market Fund;Investor (VMFXX). Under normal circumstances, at least 80% of its assets are invested in securities issued by the U.S. government and its agencies and instrumentalities. 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). 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. View fund performance. Transfer money between your bank and your Vanguard accounts whenever you need to. By using this site you agree to the 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. investment, market … Find our live Vanguard Cash Reserves Federal Money Market Fund Investor Shares fund basic information. Privacy Notice, and Get quote details and summary for Vanguard Federal Money Market Fund;Investor (VMFXX). This browser is no longer supported at MarketWatch. Changes are coming for risk-averse Vanguard investors who are parking cash. Total AUM as of April 2020 is $183.35 billion. 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