Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Treasury money market funds

msf
edited June 20 in Fund Discussions
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

Comments

  • Two thoughts, buy VUSXX at next stop or purchase your own T-bills, notes & claim 100% to do better on state taxes. Nice chart !
  • 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.
  • @MrRuffles That's 10K, your glasses must have slipped ? Guessing $10 K wouldn't be a problem.
  • @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.
  • 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
Sign In or Register to comment.