Vanguard Money Market
There are 9 Vanguard Money Market funds for investors to place their money in with minimal risk. 6 of these funds are tax exempt and 3 are taxable.
There is the Admiral Treasury Money Market fund that has all of its $22.2 billion in assets in US Treasury Bills. Since its inception, this fund has had a return of 3.62%, but at the present time is closed to investors. This is one of the taxable funds.
The Vanguard California Tax-Exempt Money Market Fund has $5.3 billion in assets that is 100% invested in 314 tax exempt securities. The average maturity date of these securities is 38 days which makes this fund highly liquid.
The Vanguard Federal Money Market Fund is another taxable fund that is also closed to investors. There is $7.7 billion in assets that are divided up with 71% in US governmental obligations and 29% in US Treasury Bills.
The Vanguard New Jersey Tax Exempt Money Market Fund has $2.51 billion in assets that are invested in 159 tax exempt securities.
The Vanguard New York Tax Exempt Money Market Fund has $3.8 billion in assets that are invested in 254 tax exempt securities.
The Vanguard Ohio Tax Exempt Money Market Fund has $924.5 million in assets that are invested in 130 tax exempt securities.
The Vanguard Pennsylvania Tax Exempt Money Market Fund has $3.3 billion in assets that are invested in 197 tax exempt securities.
The Prime Money Market is taxable and more diverse than the other MM funds. There is $111.9 billion in assets with 2% in bankers acceptances, 51.3% in CDs, 18.2% in commercial paper, 0.1% in repurchase agreements, 9.0% in US governmental obligations, and 19.3% in US Treasury Bills.
The Tax Exempt Money Market Fund has all of the $20.1 billion in assets in 1,224 tax exempt securities.
These Vanguard funds are extremely low risk and safe investments. Each has a minimum of $3,000 for investors to get shares but they will purchase 3000 shares since all of them have a share price of $1.00. Because of the low risk, the Vanguard Money Market funds are also having very low returns. All of which are less than 5% over 10 years.
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