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Prime Money Market

Prime money market funds invest in short-term securities issued by governments, government-sponsored... Prime money market funds invest in short-term securities issued by governments, government-sponsored enterprises, and investment-grade corporations. These funds are very stable investments (the funds are typically backed by the FDIC, a government agency or an investment-grade issuer). As such, prime money market funds are often purchased by conservative investors who are looking for a safe place to park their money, even if it means there is little upside besides interest payments. Prime funds can be either taxable, or tax free. Costs tend to be minimal, but some funds may impose a liquidity fee or temporarily suspend redemptions if certain conditions are met. Retail prime money market funds are unique because the SEC mandates that they maintain a stable net asset value (NAV) of $1. Last Updated: 12/24/2024 View more View less

Prime money market funds invest in short-term securities issued by governments, government-sponsored enterprises, and investment-grade corporations. These funds are very stable investments (the funds are typically backed by the FDIC, a government agency... Prime money market funds invest in short-term securities issued by governments, government-sponsored enterprises, and investment-grade corporations. These funds are very stable investments (the funds are typically backed by the FDIC, a government agency or an investment-grade issuer). As such, prime money market funds are often purchased by conservative investors who are looking for a safe place to park their money, even if it means there is little upside besides interest payments. Prime funds can be either taxable, or tax free. Costs tend to be minimal, but some funds may impose a liquidity fee or temporarily suspend redemptions if certain conditions are met. Retail prime money market funds are unique because the SEC mandates that they maintain a stable net asset value (NAV) of $1. Last Updated: 12/24/2024 View more View less

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As of 12/25/24

We couldn't find any Security within this investment theme.

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