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20 important things you should know about VMFXX mutual fund

Updated: July 11, 2021
100
Bull Case
  • High net assets
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
  • Low expense ratio
  • No sales load or distribution fees
Bear Case
  • No Bear case arguments for now!

Before we start: if you’re looking for VMFXX “stock” price, you can quickly find it out by visiting Finny and typing "VMFXX quote". If you’re looking for a quick scoop on VMFXX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "VMFXX". You’ll get all this info in one place.

Are you looking to buy or sell VMFXX? Or perhaps you’re looking for VMFXX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this VMFXX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: VMFXX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: VMFXX buy or sell; the pros and cons of investing in VMFXX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to VMFXX.

And here is the list of questions we’ll answer:

  1. Describe Vanguard Money Market Reserves: Vanguard Federal Money Market Fund; Investor Shares (VMFXX).
  2. What are VMFXX holdings?
  3. What is VMFXX performance? What are VMFXX historical returns?
  4. How many up and down years did VMFXX have historically?
  5. What is VMFXX dividend yield?
  6. What is VMFXX minimum initial investment amount?
  7. What is VMFXX expense ratio?
  8. Does VMFXX have any sales loads or 12b-1 distribution expenses?
  9. What is VMFXX tax efficiency (tax-cost ratio)?
  10. What is VMFXX beta? How would you assess VMFXX risk?
  11. What is VMFXX Sharpe ratio?
  12. What is VMFXX Finny Score? VMFXX buy or sell?
  13. What are the pros of investing in VMFXX? What are VMFXX buy reasons?
  14. What are the cons of investing in VMFXX? What are VMFXX sell reasons?
  15. Compare and contrast: VMFXX vs FDRXX.
  16. Compare and contrast: VMFXX vs VFIAX.
  17. Compare and contrast: VMFXX vs VMRXX.
  18. Compare and contrast: VMFXX vs VUSXX.
  19. Compare and contrast: VMFXX vs VMMXX.

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Vanguard Money Market Reserves: Vanguard Federal Money Market Fund; Investor Shares (VMFXX).

The Fund seeks to provide current income consistent with the preservation of capital and liquidity. The Fund also seeks to maintain a stable net asset value of $1.00 per share. The Fund invests in short term, high quality money market securities issued by US government agencies.

2. What are VMFXX top holdings?

VMFXX has 0 stock holdings and 86 bond holdings.

The top 10 holdings represent 33.60% of total assets. Here are the top holdings:

Name Symbol % Assets
United States Treasury Bills 2.53% N/A 4.50%
United States Treasury Bills 2.42% N/A 4.32%
United States Treasury Bills 2.42% N/A 4.30%
United States Treasury Bills 2.4% N/A 3.84%
United States Treasury Bills 2.42% N/A 3.68%
United States Treasury Bills 2.39% N/A 3.27%
United States Treasury Bills 2.39% N/A 3.26%
Goldman Sachs& Co. (Dated 5/31/19, Repurchase Value $3,001,429,000, Collate N/A 2.46%
United States Treasury Bills 2.37% N/A 2.04%
Credit Agricole Corporate& Investment Bank Ny Branch (Dated 5/30/19, Repurc N/A 1.93%

3. What is VMFXX performance? What are VMFXX historical returns?

VMFXX has generated the following returns:

  • 3-year return is 1.20%;
  • 5-year return is 1.07%;
  • 10-year return is 0.55%;
  • 15-year return is 1.07%.

4. How many up and down years did VMFXX have historically?

In the last 10 years, VMFXX had 10 up years and 0 down years.

VMFXX up and down years

5. What is VMFXX dividend yield?

VMFXX yield is 0.03%.

6. What is VMFXX minimum initial investment amount?

VMFXX minimum initial investment amount is N/A.

7. What is VMFXX expense ratio?

VMFXX expense ratio is 0.11%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

VMFXX expenses

8. Does VMFXX have any sales loads or 12b-1 distribution expenses?

VMFXX 12b-1 distribution fee is 0. VMFXX front-end sales load is 0. VMFXX back-end sales load is 0.

9. What is VMFXX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.01%;
  • 3-year ax cost ratio is 0.49%.
VMFXX tax costs

10. What is VMFXX beta? How would you assess VMFXX risk?

VMFXX Beta

11. What is VMFXX Sharpe ratio?

  • 3-year Sharpe ratio is -1.06;
  • 5-year Sharpe ratio is -1.51;
  • 10-year Sharpe ratio is -1.61;
  • 15-year Sharpe ratio is 0.34.
VMFXX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 100. Our quantitative analysis shows 7 reasons to buy and 0 reasons to sell it, resulting in the Finny Score of 100.

13. What are the pros of investing in VMFXX? What are VMFXX buy reasons?

The following are VMFXX strengths from our perspective:

  • VMFXX net assets are $192.35 billion. This fund is a popular choice with retail and institutional investors.
  • VMFXX 3-year return is 1.2%, which is in line with the 3-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 1.23%.
  • VMFXX 5-year return is 1.07%, which is in line with the 5-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 1.15%.
  • VMFXX 10-year return is 0.55%, which is in line with the 10-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 0.61%.
  • VMFXX 15-year return is 1.07%, which is higher than the 15-year return of the benchmark index (USTREAS Treasury Bill Auction Average 3 Month), 1.02%.
  • VMFXX expense ratio is 0.11%, which is considered low. Nice job picking a low-cost fund.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in VMFXX? What are VMFXX negatives?

There are no visible red flags.

Alternatives

15. Compare and contrast: VMFXX vs FDRXX.

Both VMFXX and FDRXX are mutual funds. VMFXX has a higher 5-year return than FDRXX (1.07% vs 0.86%). VMFXX has a lower expense ratio than FDRXX (0.11% vs 0.26%). Below is the comparison between VMFXX and FDRXX.

VMFXX FDRXX
Segment
Net Assets $192.35B $205.44B
Expense Ratio 0.11% 0.26%
Management Style N/A N/A
Underlying Index N/A N/A
YTD Return 0.01% 0.01%
1-Year Return N/A N/A
3-Year Return 1.2% 1.02%
5-Year Return 1.07% 0.86%
10-Year Return 0.55% 0.44%
Dividend Yield 0.03% 0.01%

FDRXX profile: The Fund seeks high level of current income as is consistent with preservation of capital and liquidity.

For further information, check out VMFXX vs FDRXX comparison details.

16. Compare and contrast: VMFXX vs VFIAX.

Both VMFXX and VFIAX are mutual funds. VMFXX has a lower 5-year return than VFIAX (1.07% vs 17.86%). VMFXX has a higher expense ratio than VFIAX (0.11% vs 0.04%). Below is the comparison between VMFXX and VFIAX.

VMFXX VFIAX
Segment U.S. Equity: Large Blend
Net Assets $192.35B $410.09B
Expense Ratio 0.11% 0.04%
Management Style N/A passive (index-based)
Underlying Index N/A N/A
YTD Return 0.01% 16.73%
1-Year Return N/A 8.66%
3-Year Return 1.2% 19.03%
5-Year Return 1.07% 17.86%
10-Year Return 0.55% 14.79%
Dividend Yield 0.03% 1.33%

VFIAX profile: The Fund seeks to track the performance of its benchmark index, the S&P 500. The Fund employs an indexing investment approach. The Fund attempts to replicate the target index by investing all of its assets in the stocks that make up the Index with the same approximate weightings as the Index.

For further information, check out VMFXX vs VFIAX comparison details.

17. Compare and contrast: VMFXX vs VMRXX.

Both VMFXX and VMRXX are mutual funds. VMFXX has a lower 5-year return than VMRXX (1.07% vs 1.25%). VMFXX has a higher expense ratio than VMRXX (0.11% vs 0.1%). Below is the comparison between VMFXX and VMRXX.

VMFXX VMRXX
Segment
Net Assets $192.35B $52.01B
Expense Ratio 0.11% 0.1%
Management Style N/A N/A
Underlying Index N/A N/A
YTD Return 0.01% 0.01%
1-Year Return N/A N/A
3-Year Return 1.2% 1.33%
5-Year Return 1.07% 1.25%
10-Year Return 0.55% 0.69%
Dividend Yield 0.03% 0.04%

VMRXX profile: The Fund seeks to provide current income while maintaining liquidity and a stable share price of $1. The Fund will invest in high-quality, short-term money market instruments, including certificates of deposit, bankers acceptances, commercial paper, Eurodollar and Yankee obligations, and other money market securities.

For further information, check out VMFXX vs VMRXX comparison details.

18. Compare and contrast: VMFXX vs VUSXX.

Both VMFXX and VUSXX are mutual funds. VMFXX has a higher 5-year return than VUSXX (1.07% vs 1.06%). VMFXX has a higher expense ratio than VUSXX (0.11% vs 0.09%). Below is the comparison between VMFXX and VUSXX.

VMFXX VUSXX
Segment
Net Assets $192.35B $35.82B
Expense Ratio 0.11% 0.09%
Management Style N/A N/A
Underlying Index N/A N/A
YTD Return 0.01% 0.01%
1-Year Return N/A N/A
3-Year Return 1.2% 1.21%
5-Year Return 1.07% 1.06%
10-Year Return 0.55% 0.55%
Dividend Yield 0.03% 0.04%

VUSXX profile: The Fund seeks to provide current income while maintaining liquidity and a stable share price of $1. At least 80% of the Funds assets will be invested in U.S. Treasury securities. The Fund maintains a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less.

For further information, check out VMFXX vs VUSXX comparison details.

19. Compare and contrast: VMFXX vs VMMXX.

Both VMFXX and VMMXX are mutual funds. VMFXX has a lower 5-year return than VMMXX (1.07% vs 1.2%). VMFXX has a lower expense ratio than VMMXX (0.11% vs 0.16%). Below is the comparison between VMFXX and VMMXX.

VMFXX VMMXX
Segment
Net Assets $192.35B $47.47B
Expense Ratio 0.11% 0.16%
Management Style N/A N/A
Underlying Index N/A N/A
YTD Return 0.01% N/A
1-Year Return N/A N/A
3-Year Return 1.2% 1.28%
5-Year Return 1.07% 1.2%
10-Year Return 0.55% 0.63%
Dividend Yield 0.03% 0.02%

VMMXX profile: The Fund seeks to provide current income while maintaining liquidity and a stable share price of $1. The Fund will invest in high-quality, short-term money market instruments, including certificates of deposit, bankers acceptances, commercial paper, Eurodollar and Yankee obligations, and other money market securities.

For further information, check out VMFXX vs VMMXX comparison details.

In the VMFXX review, we covered VMFXX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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