Vanguard Federal Money Market Fund
The Vanguard Federal Money Market Fund (VMFXX) is a government money market fund that invests in short-term US government obligations. It seeks to provide current income while preserving capital and maintaining liquidity.
Key Features:
- Capital Preservation: Invests in short-term US government securities
- High Liquidity: Shares can be redeemed on demand
- Stable NAV: Maintains a $1.00 net asset value
- Low Risk: Considered one of the safest investment vehicles available
Expense Ratio: 0.11%
Number of Holdings | 302
Portfolio Context:
VMFXX is the closest Vanguard equivalent to the US Dollar Cash Fund.
This ETF is part of the Vanguard ETF Portfolio vs Equivalent Fidelity Funds comparison, where it serves as the Vanguard equivalent for one or more Fidelity funds.
Portfolio Composition
| Security Type | Weight |
|---|---|
| US Treasury Repurchase Agreements | ~40% |
| US Treasury Notes/Bonds | ~25% |
| US Treasury Bills | ~20% |
| Government Agency Debt | ~10% |
| Other Government Securities | ~5% |
Average Maturity: ~30–40 days (overnight to 60 days)
Credit Quality: AAAm (S&P Money Market Rating) — highest possible money market rating
Note: This is an informational overview for educational purposes. Past performance does not guarantee future results. Consider your investment objectives, risk tolerance, and fees before investing.