Vanguard Federal Money Market Fund (VMFXX)
What Is a VMFXX?
As its main goal is to provide current income and preserve shareholders’ principal investments, the fund maintains a share price of $1. For this reason, it is considered one of the most conservative investment options offered by Vanguard.
How Does VMFXX Work?
What’s the Average Yield of VMFXX?
VMFXX vs. VMMXX
The VMFXX invests in only short-term US government bonds and obligations. It is the safest possible thing one can invest it.