- What does VMFXX invest in?
- Vanguard Federal Money Market Fund’s investment objective is to seek to provide current income while maintaining liquidity and a stable share price of $1. The fund invests at least 99.5% of its total assets in cash, U.S. government securities, and/or repurchase agreements that are collateralized solely by U.S. government securities or cash (collectively, government securities). As such it is considered one of the most conservative investment options offered by Vanguard. Although the fund invests in short-term U.S. government securities, the amount of income that a shareholder may receive will be largely dependent on the current interest rate environment. Investors who have a short-term savings goal and are interested in a fund that invests in securities issued by the U.S. government or its agencies may wish to consider this option.Important Note: This fund may earn income from investments in repurchase agreements and certain other securities that are generally subject to state and local taxes.
- What is the expense ratio of VMFXX?
- Vanguard Federal Money Market Fund (VMFXX) charges an expense ratio of 0.11%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is VMFXX?
- Vanguard Federal Money Market Fund (VMFXX) manages $0 in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is VMFXX actively managed or an index fund?
- VMFXX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was VMFXX launched?
- Vanguard Federal Money Market Fund (VMFXX) launched in July 1981 and is managed by Vanguard.
- How has VMFXX performed?
- VMFXX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
