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Tax-Free Money Market

Some money market funds are tax-free for investors. Funds that fall into... Some money market funds are tax-free for investors. Funds that fall into this category invest in debt issued by entities that are exempt from federal taxation, such as municipalities. While there are also funds that are exempt from state and local income taxes, these aren’t as common. Tax-free money market funds are conservative investment vehicles, offering a place for risk-averse investors to park their money and earn some interest. They don’t have the prospect of huge returns, but they are considered very stable investments. In fact, the SEC requires these funds to maintain a stable net asset value (NAV) of $1. Because income from these funds is tax-free, the yield an investor receives is typically lower than they’d get from a taxable money market fund. Last Updated: 11/04/2024 View more View less

Some money market funds are tax-free for investors. Funds that fall into this category invest in debt issued by entities that are exempt from federal taxation, such as municipalities. While there are also... Some money market funds are tax-free for investors. Funds that fall into this category invest in debt issued by entities that are exempt from federal taxation, such as municipalities. While there are also funds that are exempt from state and local income taxes, these aren’t as common. Tax-free money market funds are conservative investment vehicles, offering a place for risk-averse investors to park their money and earn some interest. They don’t have the prospect of huge returns, but they are considered very stable investments. In fact, the SEC requires these funds to maintain a stable net asset value (NAV) of $1. Because income from these funds is tax-free, the yield an investor receives is typically lower than they’d get from a taxable money market fund. Last Updated: 11/04/2024 View more View less

Overview

Returns

Income

Allocations

Fees

About

Security Type
Management Style
Share Class Type
Share Class Account
As of 11/1/24

$1.00

0.00%

$4.51 B

3.12%

$0.03

2.85%

2.09%

1.31%

0.95%

1.77%

$1.00

0.00%

$4.38 B

2.35%

$0.02

2.84%

-

1.24%

0.86%

0.35%

$1.00

0.00%

$3.24 B

2.88%

$0.03

2.52%

1.89%

1.20%

0.80%

0.60%

$1.00

0.00%

$1.82 B

2.77%

$0.03

2.65%

1.89%

1.18%

0.91%

0.16%

$1.00

0.00%

$1.34 B

3.20%

$0.03

3.03%

2.21%

1.38%

1.03%

0.16%

Schwab AMT Tax-Free Money Fund

SWWXX | Fund | Investor

$1.00

0.00%

$1.09 B

2.81%

$0.03

2.89%

-

1.33%

0.92%

0.38%

Schwab Municipal Money Fund

SWTXX | Fund | Investor

$1.00

0.00%

$129.63 M

2.81%

$0.03

3.17%

-

1.39%

0.95%

0.35%

Schwab New York Municipal Money Fund

SWYXX | Fund | Investor

$1.00

0.00%

$123.32 M

2.79%

$0.03

3.14%

-

1.39%

0.95%

0.36%

Vanguard Municipal Money Market Fund

VMSXX | Fund | Investor

$1.00

0.00%

$22.10 M

3.27%

$0.03

3.09%

2.27%

1.47%

1.08%

0.15%

TAX-FREE MONEY MARKET FUND

BNTXX | Fund | Investor

$1.00

0.00%

$6.72 M

2.76%

$0.03

2.56%

1.94%

1.25%

0.89%

0.50%

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