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What is Vanguard cash reserves Federal Money Market Fund?The Vanguard Cash Reserves Federal Money Market Fund (VMRXX) is a taxable, conservative investment option designed for the retail investor. The fund is primarily invested in highly liquid securities with short-term maturities like U.S. Treasury bills and cash.
Has vanguard ever closed a fund?Vanguard has a long history of acting preemptively to restrict cash inflows to maintain funds' assets at reasonable levels. In addition to the Dividend Growth Fund, several other funds are closed or have restrictions.
What happened to Vanguard Prime money market fund?Vanguard Prime Money Market Fund will be reorganized into a government money market fund and renamed Vanguard Cash Reserves Federal Money Market Fund.
How safe is the Vanguard Federal Money Market Fund?Money market mutual funds are relatively safe from price volatility and typically covered by SIPC insurance through the investment firm. Although the $1 a share value isn't guaranteed, it has rarely deviated from that amount.
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