Money Market Funds

Money market funds are coming back to life with yields approaching 3% or better. During the last year, the rates have come from below 1% to 3% following the Fed Funds rates. If the Federal Reserve keeps raising the rates going forward then the Money Market rates should approach 4% by the end of this year. Below is the list of Money Market Funds from the major fund families.

Vanguard Prime Money Market Fund (VMMXX)

• Current yield is 3.18%


• Expense Ratio of 0.30%


• Average Maturity of the holdings is 36 days


• $3,000 minimum is required for General Non-IRA account


• Assets of about $51 billion

• Current yield is 3.16%


• Expense Ratio of 0.42%


• $2,500 minimum initial investment required for General Non-IRA account


• Assets of $59.5 billion

• Current yield is 3.23%


• Expense Ratio of 0.39%


• $2,500 minimum initial investment required for General Non-IRA account


• Assets of about $617 millions

• Current yield is 3.16%


• Expense Ratio of 0.35%


• $2,500 minimum initial investment required for General Non-IRA account


• Assets of about $2.3 billion

• Current yield is 2.94%


• Expense Ratio of 0.62%


• $2,500 minimum initial investment required for General Non-IRA account


• Weighted average maturity is 42 days


• Assets of about $4.9 billion

posted by Me, on Saturday, August 20, 2005 at 5:12 PM

2 Comments:

1. When ING Direct, and Emigrand Direct have money market accounts with better yields, the only advantage I see from these funds is the ability to quickly transfer money to other funds of the same Company/Family.
   
   
   Money And Investing

   By  Jose Anes, at 8:11 PM  

2. I prefer ING.
   
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   By  Joe, at 5:26 PM  

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