Money Market Funds
A Money Market Fund is a mutual fund in which investments are concentrated on
short-term high-yield money market instruments such as government securities,
certificates of deposit, commercial paper, or tax-free short term notes. Both taxable
and tax-free money market funds are available.
Money Market Funds carry no commission on purchase or sale and may be liquidated at any
time without penalty.
Interest is paid and adjusted daily and will normally parallel current short-term
Because Money Market Funds are liquid investments and offer a high degree of safety and
highly competitive interest rates, they are ideal in times of rising interest rates and
for investing cash at competitive interest rates while considering other investments.
Suggested Links for Additional Information on Money Market Funds
Fund Basics From the Mutual Fund Center
(pages open in a second browser window)
Brief definitions of taxable, tax-free, and government money market securities. Information on determining your investment objective and investment risk vs return is also provided.
iMoneyNet's Money Fund Basics
A detailed overview of money funds, information on taxable vs tax-free money funds, and an explaination of how to read a prospectus.
SmartMoney University's Money Market Fund Page
An overview of money funds and related terminology, including a graph of 10 year performance rates and volatility.
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