Vmfxx vs vusxx. 090%. Vmfxx vs vusxx

Should I switch ASAP to Fidelity Treasury Only MMF (FDLXX) and Vanguard Treasury MMF (VUSXX)? I thought my money was safe so I’m totally confused and stressed because. About 70% of the income from the Federal fund is taxed at the federal level but not at the state level; the other 30% of the income is fully taxable at. If you live in a tax free state, VMFXX may be better for you. 01%. Is it 6 of one, half dozen of the other? Best Add a Comment zCSI • 6 mo. 3. However, taking your federal net rate (regular plus AMT exposures) at face value yes VMSXX rather than VMFXX or VUSXX or VMMXX. bobdevnul • 6 mo. Electron. they don't guarantee it is 100% state tax free, as they are able to invest in repurchase agreements per their fund summary, but I believe it is usually pretty close to 100%. How about the difference between VUSXX and VMFXX (Fed MM), which is more taxable? Top. 09% vs 0. In my opinion, it's too low below 2%. 2%) is higher than the yield on a 1-3 month treasury fund like SGOV (I can’t find 7. You don’t have to do anything extra to buy or sell this fund. Existing shareholders of the Fund can continue to make purchases with no limits. If an investor wanted to switch from VMFXX to VUSXX, it should be possible to anticipate the crossover and make the exchange a few days earlier. To calculate your own rate of interest that you'd get to keep for the fund, you'd subtract your marginal tax rate from 1. Even though VMFXX yields more right now, nearly 100% of distributions are Not state tax free. 75%. 22) X 4. Other brokers have their own. 11% expense ratio, or $11 annually on a $10,000 investment, and has a 7-day SEC yield of 5%. 3. 35% VTI, 25% AVUV, 15% IXUS, 15% AVDV, 10% VWO. ago. Vanguard Prime Money Market Fund (VMMXX). VUSXX might be better depending on your state/local tax rules. The 7-day yield as of yesterday was 3. 0. 58% today. Compare and contrast: VUSXX vs VMFXX. Depending on whether your state has an income tax, you may also want to consider VUSXX (Vanguard Treasury Money Market) which is mostly exempt from. Feel free to the browse the list and view the comparisons that are of an interest to you. When interest rates are rising, the yield you get today may be higher than the average in the previous 7 days. 85% money market fund vs 4. Expense Ratio 0. mariezzz Posts: 968 Joined: Tue Oct 03, 2017. 90% for VMFXX and 3. 16%, SEC yield: 0. That yield is more in line with Treasury bill yields, especially since. Both FDRXX and SPAXX are mutual funds. 09% vs 0. This way I can easily withdraw to Chase or deploy the funds. 3% Fidelity® Government Money Market Fund SPRXX 3. 50%: Vanguard Municipal Money Market Fund (VMSXX) 0. I'm trying to understand the risks, and with the current debt ceiling I'm wondering does anyone have any experience with funds like these during the last major debt crisis, like in 2011Year to date, the VUSXX has returned 0. 46% as of 2/8/2023). Interest from a savings accounts ( HIgh yield or otherwise) and VMFXX get the same tax. VMFXX has a high percentage of the portfolio in overnight repurchase agreements. Share Class Type —. The question is regarding the best MMF choice. I believe this large difference is a short term issue. Min. 69%). New Member. According to Vanguard,, VMFXX portfolio composition: Repo: ~59%, US Govt Obligations: ~39% , US T-Bills: ~2%. 82 months of expenses isn't going to make a material difference. 11%), VMFXX has higher yield (3. 69%). VUSXX Treasury Money Market Fund . 1%). 14%. 46% and the others were lower. 3 VMSXX – Vanguard Municipal Money Market Fund 2 Why should I invest my emergency fund? 3 Asset Allocation Questionnaire 4 Should I invest my emergency fund with Vanguard? Vanguard Federal Money Market Fund Vanguard Federal Money Market Fund (VMFXX) is the settlement fund in a Vanguard brokerage account. 1%, which is considered low. In the case of VMFXX, the data shows the holdings worth $65 B which is 30% of fund assets ($216. You need to compare the after tax yield. . 32. 09% vs 0. Cons: Can’t exactly use it as conveniently as Fidelity’s CMA. A constant theme of discussions like this IMO is people have different amounts (maybe by orders of magnitude) in mind so are talking past each other because of that* and/or. 06. 23% for anyone in highest tax bracket? I. The question is regarding the best MMF choice. Distributions from HYSAs or CDs are not state tax exempt. 52%. Jaskel. No, SPAXX holds mostly repos, which are not tax free in some states, and not quite as safe as a tsy-only fund. by Kevin M » Thu Dec 22, 2022 2:04 am. Yvy wrote: ↑ Sat May 27, 2023 4:59 pm Is there any difference between using Vanguard Federal Money Market Fund (VMFXX) vs its admiral counterpart (VMRXX)?. 25%. Together with FinMasters. I am a broken record on this, but USFR is over 5. You can treat them as identical for the most part. VMFXX is showing 82. Re: (VUSXX vs. likely in the 4. Invests solely in U. Is it 6 of one, half dozen of the other? Financial management Company news Vanguard news Page Editor’s note: The original announcement introducing these changes previously ran in August 2020 and was revised on September 29, 2020. A couple of notes: For the 2022 tax year VMFXX held 37. Note, this is the previous 7-day average so with the recent Feds 0. 21% of the dividends were state taxable. Current yields: VMFXX: 2. government obligations (0% tax for my state). Easiest to implement. Vanguard closed its $39. VMMXX is closed to new investors but the Vanguard Cash Reserves Federal Money Market Fund Admiral. Good news: this fund does not have 12b1, front-end or back-end sales fees. Treasury securities, seeks to provide current income and preserve shareholders’ principal investment by maintaining a share price of $1. EthanGz • 3 mo. 4% yield today. FDRXX expense ratio is 0. This means they have different tax advantages unique to your tax rates. . For VMSXX you'd apply some fraction of the 28% or 35% according to the fraction of the. VMFXX is partially exempt from state taxes. I moved into VUSXX from VMFXX with a sizable amount. Most are invested in treasury bills. 3%. Use TreasuryDirect, to own short term T-Bills directly. VMFXX: 2. government securities. Key changes. The difference of . I'm in New York. VMRXX. 52% (and a CD) since rates are likely not finished going up. Compare Management style Active Asset class Money Market Category Taxable Money Market Risk / reward scale 1 Less More Expense ratio 0. In CA, NY and CT it was 0% tax exempt. This will probably be around 5. 23%. Add in that VUSXX is completely state tax exempt and it's a no-brainer IMO. As a result, the yield can rise sharply after a rate hike. The one thing I would note vmfxx vs sgov is that in high state tax states vmfxx has barely any treasuries anymore so its going to be mostly taxed on the state level where sgov will not be. It has a. 34% vs 2. It’s a government market fund, so it’s safer and less/not subject to liquidity fees and redemption gates. 246. VUSXX usually invests in only treasuries or dividends from treasuries and is usually 100% exempt from state/local income tax. 69%). 11%, SEC yield: 0. David Jay Posts: 13768 Joined: Mon Mar 30, 2015 10:54 am Location: Michigan. VMFXX vs VUSXX 20% of my Emergency Fund is in a MMF for immediate liquidity, with the remainder in 1 yr T-Bills that mature quarterly (ladder). 30%. There is a difference between the Federal and Treasury mmkt funds, VMFXX and VUSXX. 22 billion. 1. Mainly I see the expense ratio is 0. The interest from VUSXX is also exempt from state and local taxes. The average maturity of VUSXX is only 32 days as per Vanguard. VUSXX. 77% 1 yr vs. VYFXX $1,022. 5% of its total assets in cash, U. 51%. 60% right now? I live in Maryland if that makes a. As of this writing, Ally offers 2. only state tax free. The only thing VUSXX requires 3k min balance while VMFXX can be used as. 69%). Treasury bills. The question is regarding the best MMF choice. Vanguard Cash Reserves Federal Money Market Fund’s investment objective is to seek to provide current income while maintaining liquidity and a stable share price of $1. Posts: 6200 Joined: Thu Jan 31, 2019 1:02 pm Re: VMRXX vs VMFXX why? by Wiggums » Wed Mar 22, 2023 11:26 am VUSXX is the safest because of its pure T-Bills composition and state and local tax exempt. Category Money Market - Taxable. 3. Vanguard obvisouly wins here due I think to the lower expense ratio compared to fidelity and schwab offerings that both have 3x or 4x higher expense ratios. Use VUSXX (Treasury Money Market Fund), whose holdings are 100% US T-Bills. 144. I wonder if there's. Something like FDRXX,SNVXX, SNOXX, VMFXX they all pay 3%+ now . For every 100k that’s about forty dollars difference. m. Treasury Bills. Comparing total returns of VMFXX VS VMRXX as of Dec 31, 2022 (Source: Vanguard) VMRXX currently has a dividend yield of 4. S. VUSXX is 2. Generally speaking sgov should be pretty close to 4 week tbills in yield. Re: VMFXX NYS tax. If that is too hard or not practical, that is one of the costs of using a different brokerage, do the cost benefit analysis to see if that cost is worth it. VUSXX is also state tax exempt compared to wealth front option just another thing to keep in mind. Vanguard Federal Money Market Fund (VMFXX) Fidelity Government Money Market Fund (SPAXX) Vanguard Treasury Money Market Fund (VUSXX) T. July 13, 2023, at 3:22 p. VMFXX vs VMRXX; VMFXX vs VUSXX; VMFXX vs SPAXX; VMFXX vs VMSXX; VMFXX vs SPRXX; VMFXX vs VTSAX; Or use Finny's Comparison Tool to create a comparison you'd like to see. 77% 1 yr vs. VUSXX has surpassed the Vanguard default sweep account (VMFXX) and is a great choice for your cash. VMRXX takes a 5,000,000 minimum and my emergency fund falls just short of that figure. 40% fee at Fidelity? What are my alternatives. My HYSA = 2. NAV For funds with a fluctuat price per share, the net asset value (NAV) is the market value of a mutual fund's total assets, minus liabilities, divided by the number of shares outstanding. See Vanguard's tax year 2022 update on the. VUSXX has at times had a little longer average maturity than VMFXX but it only is 5 days longer today. Cons: Can’t exactly use it as conveniently as Fidelity’s CMA. You can check out all comparisons Finny users have looked for here. mongstradamus Posts: 399. VUSXX used to be only treasuries, now its watered. VMFXX has a lower 5-year return than VTSAX (% vs 10. VGSH 'can' decline but the drawdowns have been modest (~3% this year). What money market funds does Vanguard offer? Compare and contrast: VUSXX vs VMFXX. Vanguard Treasury Money Market Fund (VUSXX) VUSXX has a NAV of $1 per share and a $3,000 minimum investment. VUSXX 3. Need to manually buy VUSXX in any Vanguard brokerage account (traditional IRA, Roth IRA, taxable) because VUSXX isn't the default money market fund. Here are the details of the changes: We’ve changed the fund’s name to Vanguard Cash Reserves Federal Money Market Fund. VMFXX is second safest, but the composition is not a pure US treasury play. . pikachu9090 • 1 day ago. Required minimum is only $3k, so I can use it even in a low-balance account and get a higher rate than SPRXX. Hi, I'm trying to figure out what the best money market account to keep ~$150,000 in for about 3 months. YTD Return: N/A: 1-Month Return: N/A: 3-Month Return: N/A: 1-Year Return: N/A: 3-Year Return: N/A:Ruminant • 1 yr. 07% C as of 07/21/2023 Investment minimum $3,000 as of 07/21/2023 NAV price $1. 44% through July 31 vs. VMFXX - same story. Category Money Market - Taxable. 08% vs 0. 90 was exempt from state and. it trades off with VMFXX often. 23bp spread between 3.