Vanguard Federal Money Market Fund

Frequently Asked Questions About VMFXX

What are the top holdings of VMFXX?

A machine-readable holdings disclosure for Vanguard Federal Money Market Fund (VMFXX) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.

What sectors does VMFXX invest in?

Vanguard Federal Money Market Fund (VMFXX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is VMFXX most exposed to?

VMFXX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is VMFXX a US-only fund?

The country allocation card on this page shows VMFXX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

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.