vanguard money market funds:One Of The Best

2008-04-28 12:08:15

( Financial )



If you are interested in money market funds, amongst the best money market funds are vanguard money market funds.

What are some of the characteristics of vanguard money market funds?

Account service fee

With relevance to accounts like:
- non-retirement accounts
- Roth IRA’s
- traditional IRA’s
- education savings accounts
- and others.

They charge $20 annually for each fund under a certain balance in the vanguard money market fund account. Eliminate this fee and register for online account access and for statements, reports as well as other shareholder material delivered electronically. This fee also doesn’t apply if your total assets with vanguard (which might include:
- employer sponsored plans
- IRA’s
- Annuities
- non-retirement accounts)
total over a certain amount.

Simple IRA

There is a yearly fee for each fund in your account. Again, this fee is not applicable if your total assets have above a certain worth.

There is no purchase fee and no redemption fee.

Some terms to become familiar with vanguard money market funds:
A 52 week high – that is the point when a security reached its highest share price in the preceding 52 weeks.
A 52 week low – that is the point when a security reaches its lowest price in the preceding 52 weeks.
A 30 day average yield – that is the yield according to a funds investment maturity over a 30 day period – and not based on dividends from the time.
30 day SEC yield – the annual rate of investment income of a fund which is calculated with a certain formula. This formula includes:
- the medium of outstanding shares over a given 30-day period
- the funds net income
- the maximum price the share is offered at on the last day over a certain period.

S29 account owner – someone who has this kind of account. In certain states you have to be at least 18 years old to open this type of account.

S29 beneficiary – someone who receives the proceeds of this type of plan. In this case in certain states, the beneficiary has to be younger than 18 on the opening of the account.


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