Sponsored by John Hancock Investment Management, Why Mid Caps May Lead The Way Out Of Recession. He suggests that investors consider government money market funds and online savings accounts as alternatives to muni money market and prime money market funds if they want highly liquid funds. Cision Distribution 888-776-0942 Access practical suggestions and clear insights for portfolio management - easily and quickly. For broker-dealers, registered investment advisors, and trust or bank brokerage professionals. Vanguard Marketing Corporation, Distributor of the Vanguard Funds. “Vanguard doesn’t have the flexibility that other for-profit companies have in cross-subsidizing its products” because its funds are owned by their investors, says Crane. For more than four decades, Vanguard's Prime fund has provided investors with a stable cash alternative to save for short-term goals, build emergency reserves, or complement a portfolio of stocks and bonds. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. VMFXX Dividend policy Active Price as of: NOV 01, 07:00 PM EDT $1.0 +0.0 +0% primary theme Taxable Money Market share class Inv (VMFXX) Inv (VMFXX) Primary. About VanguardVanguard is one of the world's largest investment management companies. Build conviction from in-depth coverage of the best dividend stocks. Vanguard sought to preserve the fund's yield by preventing excessive purchases of low-yielding government securities over a short time period. Vanguard Treasury Money Market Fund (VUSXX). The yield quotation more closely reflects the current earnings of the fund than the total return quotation. more than 1 million Prime fund investors from $5 million to $3,000 and the fees they pay from 16 basis points to 10 basis points. Not sure where to start? For performance data current to the most recent month-end, visit our website at vanguard.com/performance. (Source: Lipper, a Thomson Reuters Company.) A Warner Media Company. Learn about Vanguard Federal Money Market Fund See a complete list of Vanguard money market funds ), Would you prefer to come directly to Vanguard's website for. “What’s the advantage?”, Crane expects to see more consolidation in the money market space, especially in muni market and prime market space because “rates are so low funds can only charge half what they normally do.’’. 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. 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. Money market funds in today’s market should be considered “a return of my money not a return on my money,” says Wiener. 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. For the most recent performance, visit our website at www.vanguard.com/performance.3 Source: Crane Data 4 For the 20-year period ended June 30, 2020, Vanguard Prime Money Market Fund Admiral Shares outperformed 97% of its peer-group average. We like that. Peter Crane, president of Crane Data, which monitors the money market and mutual fund and banks savings market, says the decision may have more to do with the nature of the muni money market universe — “the smallest and most expensive money market funds to run with limited audience” and Vanguard’s own structure. two institutional prime money market funds — Fidelity Investments Money Market Prime Money Market Portfolio and Fidelity Investments Money Market Prime Reserves Portfolio — and Northern Trust liquidated its Northern Institutional Prime Obligations Portfolio in July. Higher turnover means higher trading fees. “If this is your emergency fund or money that will be on the sidelines a bit longer, look to an online savings account, which offer yields 10 times what you’re getting on most money funds, are fully liquid, and protected by federal deposit insurance.”. Vanguard Treasury Money Market Fund has reopened to new investors. Learn about this increasingly popular tax-advantaged investment vehicle and educate your clients. He describes the situation as “a perfect storm that will continue to lead to fund closures.”, Indeed, in August Fidelity Investments liquidated. Portfolio management news, reports, video and more. Only funds with a minimum 20-year history were included in the comparison. View fund performance. Vanguard's in-house fixed income management team serves as the sole manager of Vanguard's money market lineup and also manages active and index bond funds across a range of maturities in the taxable and tax-exempt markets. VMFXX (Mutual Fund) Vanguard Federal Money Market Fund Dividend policy Active Vanguard Fixed Income Group remains the fund's advisor. (Related: Vanguard Reopens, Reorganizes Money Market Funds). For the most recent performance, visit our website at vanguard.com/performance.5 Note, Vanguard Federal Money Market Fund offers only one share class. Municipal bonds news, reports, video and more. Source: Lipper, a Thomson Reuters Company. The changes being made by Vanguard are just the latest in a series of shifts affecting money market funds more broadly due to near-zero short-term rates in the U.S., which the Federal Reserve expects to maintain through the end of 2023. All Rights Reserved. “If this is your emergency fund or money that will be on the sidelines a bit longer, look to an online savings account, which offer yields 10 times what you’re getting on most money funds, are fully liquid, and protected by federal deposit insurance.”, Money market funds in today’s market should be considered “.

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