Treasury money market funds

msf

Looking for a replacement for VUSXX, since I'm leaving Vanguard, I worked up this table of Treasury MMFs. I included last year's fraction of income that was state exempt. If it isn't over half then (a) none of the income is state-exempt in Calif, NY, or Conn. and (b) one might do better after tax (in all states) in a general government fund.

Thinking in terms of a taxable account, ISTM the best funds at E*Trade are GABXX ($10K min) and VUSXX (80% exempt in 2023). The best funds at Merrill may be UTIXX (99.3% exempt) and TTTXX (94% exempt).

Family		Fund		Class	Ticker	E/R		SECyld	% Treas	Broker	Min	Min IRA
Allspring	100% Treas MM	A	WFTXX	0.58% (0.60%) 	4.77%	99.92%	Etrade 	$1,000 	$50 
		Treas Plus MM	A	PIVXX	0.58% (0.59%)	4.77%	21.41%	Etrade 	$1,000 	$50 
				Inst	PISXX	0.20% (0.22%)	5.15%	21.41%	Etrade 	$1 	$1 
									
Blackrock	Lqd Fed Trust	Inst	TFFXX	0.17% (0.23%)	5.17%	98.65%	Merrill	$1 	$1 
	 	Treasury Trust	Inst	TTTXX	0.17% (0.19%)	5.19%	94.07%	Merrill	$1 	$1 	T+0 
									
DWS	 	US Treas MM	S	IUSXX	0.32%	 	5.10%	100.00%	Etrade	$2,500 	$0 
									
Fed Hermes	Gov Obl TaxMgd	Inst	GOTXX	0.20% (0.24%)	5.14%	99.996%	Merrill	$1 	$1 	T+0 
	 	Gov Oblig	Inst	GOIXX	0.20% (0.28%)	5.17%	32.047%	Merrill	$1 	$1 	T+0 
	 	Treas Oblig MM	Auto	TOAXX	0.50% (0.58%)	4.84%	16.850%	Etrade	$25K 	$250 
		 	 	Inst	TOIXX	0.20% (0.28%)	5.15%	16.850%	Merrill	$1 	$1  	T+0
	 	US Treas Cash R	Inst	UTIXX	0.20% (0.28%)	5.16%	99.295%	Merrill	$1 	$1  	T+0
									
Fidelity	Gov Portfolio	I	FIGXX	0.18% (0.21%)	5.19%	35.13%	Merrill	$1 	$1  	T+0
						 	 	 	35.13%	Fid	$1M 	$1M
	 	Treas Portfolio	I	FISXX	0.18% (0.21%)	5.18%	22.21%	Merrill	$1 	$1 	T+0 
						 	 	  		Fid	$1M 	$1M 
	 	Treas MMF	-	FZFXX	0.42%	 	4.95%	24.19%	Fid	$0 	$0 
	 	Treas Only MM	-	FDLXX	0.42%	 	4.93%	90.39%	Etr,Fid	$0 	$0 
		 	  	Daily	FDUXX	0.70% (0.72%)	4.66%	90.39%	Etrade	$0 	$0 
		 	 	I	FSIXX	0.18% (0.21%)	5.18%	90.39%	Merrill	$1 	$1 	T+0 
									
Gabelli	 	US Treas MM	I	GABXX	0.08%	 	5.26% 	100.00%	Etrade	$10K 	$1,000 
									
JPMorgan	Fed MM	 	Instl	JFMXX	0.21% (0.25%)	5.14%	98.32%	Etrade	$3M 	$3M 
	 	US Treas Plus	Res	HTIXX	0.69%	 	4.67%	19.63%	Etrade	$1,000 	$1,000 
									
Morgan Stanley	Inst Liq Treas	Inst	MSUXX	0.20% (0.21%)	5.14%	100.00%	Etrade	$1 	$1 

Schwab 	 	Treas Oblig 	Inv 	SNOXX 	0.34% (0.36%) 	5.02% 	11.21% 	Schwab 	$0 	$0	
 	 	 	 	Ultra 	SCOXX 	0.19% (0.21%) 	5.17% 	11.21% 	Schwab 	$1M 	$1M
 	 	 US Treas MM 	Inv 	SNSXX 	0.34% (0.36%)	5.03%	99.61%	Schwab	$0	$0
				Ultra	SUTXX	0.19% (0.21%) 	5.18% 	99.61%	Schwab	$1M	$1M
									
T Rowe Price	US Treas MM	Invstor	PRTXX	0.30%		5.07%	30.78%	Etrade	$100K	$100K 
										TRP	$2,500 	$1,000 
									
Vanguard	Treas MM	Invstor	VUSXX	0.09%		5.29%	80.06%	Etr, VG	$3,000 	$3,000 

Derf

Two thoughts, buy VUSXX at next stop or purchase your own T-bills, notes & claim 100% to do better on state taxes. Nice chart !

MrRuffles

I was just looking at GABXX for my MMF at E*Trade - it looks like a better choice than either VUSXX or VMRXX (available at E*Trade NTF with $3k min) since it’s 100% exempt as its portfolio is exclusively T-Bills.

Derf

@MrRuffles That's 10K, your glasses must have slipped ? Guessing $10 K wouldn't be a problem.

MrRuffles

@Derf It may not have been clear that I was referring to VMRXX with the $3k min as it’s unusual to find VG Admiral shares available at third-party brokers, let alone NTF.

Derf

Sorry @MrRuffles it doesn't read that way to me, Strike ONE. Thanks for VG info at other Brokers, as I have VG account, weather that be good or bad.
Have a good weekend, Derf