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. Also offers services including brokerage, retirement investing, advice and college savings. Nafis T. Smith, who has been portfolio manager of the fund since December 2017, will continue in that role. Apparently many people are still parking a lot of money in a money market fund when the money market fund only pays 0.01%. Overall this makes Vanguard funds among the cheapest investment tracker funds in the market when taking into account all charges including platform charges, but only if an investor uses their platform. Money market funds invest in things like short-term corporate bonds, commercial paper and overnight bank deposits. VMFXX | A complete Vanguard Federal Money Market Fund;Investor mutual fund overview by MarketWatch. The Vanguard Total Stock Market ETF (VTI) is also available as a mutual fund, but the ETF version is a better fit for investors who can’t meet the $3,000 mutual fund minimum. View mutual fund news, mutual fund market and mutual fund interest rates. One-year returns of 3.12%, three … 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. These are all money market instruments that offer a return paid as interest. Vanguard Treasury Money Market Fund (VUSXX). As the name suggests, it’s designed to match the performance of a broad swathe of equities — specifically, the CRSP U.S. Total Market Index, which includes a mix of small-, mid-, and large-cap growth and value stocks. Vanguard Prime Money Market Fund will be reorganized into a government money market fund and renamed Vanguard Cash Reserves Federal Money Market Fund. The $125.3 billion Prime fund will transition to a government money market fund and be renamed Vanguard Cash Reserves Federal Money Market Fund in … Checkwriting is available in Vanguard Federal Money Market Fund Investor Shares (VMFXX, CUSIP 922906300) and other Vanguard money market funds. Designed for better market tracking. The fund's slightly riskier portfolio has generated slightly above-average returns relative to other ETF money market funds. If Vanguard funds interest you, here are eight ETFs to consider for your retirement portfolio. Dollars. Vanguard Extended Market Index Fund is a fine compliment to S&P 500 trackers. This fund requires a $50,000 minimum investment versus $3,000 for the other funds. Vanguard Prime Money Market Fund alone has $129 billion in it … To see more information of the Money Market ETFs, click on one of the tabs above. VMMXX | A complete Vanguard Cash Reserves Federal Money Market Fd;Inv mutual fund overview by MarketWatch. The fund invests primarily in high-quality, short-term money market instruments. The Vanguard Prime Money Market Fund is designed as an alternative to keeping money in cash, or in a savings account. Vanguard abruptly closed its $39.5 billion Treasury Money Market Fund to new investors after the end of trading on Thursday. Just what you'd expect from Vanguard.™ Under normal circumstances, at least 80% of its assets are invested in securities issued by the U.S. government and its agencies and instrumentalities. 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 today closed the $39.5 billion Vanguard Treasury Money Market Fund (Investor Shares: VUSXX) to most new investors to slow the fund's growth and protect its current shareholders. Vanguard Municipal Money Market Fund (VMSXX). Checkwriting is available for Vanguard Federal Money Market Fund and other Vanguard money market funds. Built on 30+ years of indexing expertise. A Vanguard spokesperson says that’s because mutual funds declare dividends on a daily basis, while their respective ETF share classes each declare on a monthly basis, making conversions incongruent. The Fund attempts to: 1. Vanguard Total Stock Market ETF (ticker: VTI ) This is a core U.S. stock market holding. If you haven't been redirected in 10 seconds, please click here to view our full investment product list.click here to view our full investment product list. This low-turnover portfolio provides cost-effective exposure to the entire stock market outside of the S&P 500. Vanguard Federal Money Market Fund seeks current income while maintaining liquidity and a stable share price of $1 by investing in high-quality, short-term money market instruments. How is a money market fund different from other funds? 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