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Daniel Cross
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These funds specifically invest in emerging market economies with the largest being China...
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In case if you are wondering whether money market mutual funds are right for you at all, you should read this article.
The primary advantages of these funds outside of safety are that they offer daily liquidity and are free from liquidity fees imposed by the SEC. Since they invest in very short-term Treasury bills and repos, they provide easy tradability on a daily basis and you can quickly take advantage of rising rate environments. With the income from federally issued Treasury securities being state tax deductible, investors seeking to lower their tax bills may also favor government money funds.
Government money funds also typically deliver below-average yields. As risk declines, so does return potential, and investors could be sacrificing higher yields that could be achieved elsewhere.
Check out here what the money market reforms introduced in October 2016 mean for investors.
Learn more about floating NAV for money market funds here.
Those seeking to establish a “rainy day” fund could also find government money funds appealing thanks to their safety and liquidity. Many offer check-writing capabilities for even quicker access to the money.
Name | Ticker | Expense Ratio | Min. Initial Investment | 7-Day Yield | AUM | YTD Return | 3-Month Return |
---|---|---|---|---|---|---|---|
Fidelity Government Money Market Fund | SPAXX | 0.42% | $2,500 | 0.58% | $83.9B | 0.16% | 0.07% |
Vanguard Federal Money Market Fund | VMFXX | 0.11% | $3,000 | 0.92% | $74.9B | 0.30% | 0.13% |
American Funds U.S. Government Money Market Fund | AFAXX | 0.38% | $1,000 | 0.51% | $16.9B | 0.14% | 0.08% |
Gabelli U.S. Treasury Money Market Fund | GABXX | 0.08% | $3,000 | 0.83% | $1.8B | 0.15% | 0.06% |
Be sure check our News section to keep track of the recent fund performances.
Receive email updates about best performers, news, CE accredited webcasts and more.
News
Daniel Cross
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These funds specifically invest in emerging market economies with the largest being China...
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In this article, we will take a closer look at the upcoming initiatives...
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Find out why $30 trillon is invested in mutual funds.
Download our free report
Find out why $30 trillon is invested in mutual funds.
Download our free report
Find out why $30 trillon is invested in mutual funds.
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In case if you are wondering whether money market mutual funds are right for you at all, you should read this article.
The primary advantages of these funds outside of safety are that they offer daily liquidity and are free from liquidity fees imposed by the SEC. Since they invest in very short-term Treasury bills and repos, they provide easy tradability on a daily basis and you can quickly take advantage of rising rate environments. With the income from federally issued Treasury securities being state tax deductible, investors seeking to lower their tax bills may also favor government money funds.
Government money funds also typically deliver below-average yields. As risk declines, so does return potential, and investors could be sacrificing higher yields that could be achieved elsewhere.
Check out here what the money market reforms introduced in October 2016 mean for investors.
Learn more about floating NAV for money market funds here.
Those seeking to establish a “rainy day” fund could also find government money funds appealing thanks to their safety and liquidity. Many offer check-writing capabilities for even quicker access to the money.
Name | Ticker | Expense Ratio | Min. Initial Investment | 7-Day Yield | AUM | YTD Return | 3-Month Return |
---|---|---|---|---|---|---|---|
Fidelity Government Money Market Fund | SPAXX | 0.42% | $2,500 | 0.58% | $83.9B | 0.16% | 0.07% |
Vanguard Federal Money Market Fund | VMFXX | 0.11% | $3,000 | 0.92% | $74.9B | 0.30% | 0.13% |
American Funds U.S. Government Money Market Fund | AFAXX | 0.38% | $1,000 | 0.51% | $16.9B | 0.14% | 0.08% |
Gabelli U.S. Treasury Money Market Fund | GABXX | 0.08% | $3,000 | 0.83% | $1.8B | 0.15% | 0.06% |
Be sure check our News section to keep track of the recent fund performances.
Receive email updates about best performers, news, CE accredited webcasts and more.
News
Daniel Cross
|
These funds specifically invest in emerging market economies with the largest being China...
Jayden Sangha
|
In this article, we will take a closer look at the upcoming initiatives...
Kristan Wojnar, RCC™
|
This week we are tackling the practice management topics of a client-centric approach,...
Find out why $30 trillon is invested in mutual funds.
Download our free report
Find out why $30 trillon is invested in mutual funds.
Download our free report
Find out why $30 trillon is invested in mutual funds.
Mutual Fund Education
Justin Kuepper
|
Let's take a closer look at how ESG investments have outperformed during the...
Mutual Fund Education
Daniel Cross
|
While CITs and mutual funds share many similarities, there are some key differences...
Mutual Fund Education
Sam Bourgi
|
The phrase ‘bear market’ has been thrown around a lot lately, but it...