National Tax-Exempt Money Market Fund

(redirected from Tax-Free Money Market Fund)

National Tax-Exempt Money Market Fund

A mutual fund that invests predominantly or exclusively in municipal bonds with maturities of less than one year. Tax-exempt money market funds are intended to provide a return at little risk (compared to other investments) that is nonetheless better than the risk-free rate of return. Because it invests in municipal bonds, dividends from the fund are tax-free at the federal level (though they may be subject to state tax unless all bonds in the fund are issued in the state where the holder resides).
References in periodicals archive ?
related to the reorganization of the Touchstone Ohio Tax-Free Money Market Fund into the Federated Ohio Municipal Cash Trust.
Wells Fargo Advantage National Tax-Free Money Market Fund at 'AAAmmf'.
In connection with the acquisition, approximately $91 million in tax-free money market assets will be reorganized from the Touchstone Ohio Tax-Free Money Market Fund into Federated Ohio Municipal Cash Trust, a portfolio with a similar investment objective.
19 /PRNewswire-FirstCall/ -- The Marshall Tax-Free Money Market Fund and the Marshall Prime Money Market Fund were recently recognized by iMoneyNet(TM) as the top performing National Funds for 2009.
The Fund was the number one yielding tax-free money market fund in each of the calendar years 2003, 2004, 2005 and 2006, according to Lipper Analytics and cited in today's Wall Street Journal as "the highest seven-day compound yield among retail tax-free money market funds at 3.
Wells Fargo Advantage Fund: Moody's Rating S&P Rating -- Heritage Money Market Fund(SM) Aaa AAAm -- Prime Investment Money Market Fund Aaa AAAm -- Government Money Market Fund Aaa AAAm -- Treasury Plus Money Market Fund Aaa AAAm -- 100% Treasury Money Market Fund Aaa AAAm-G -- National Tax-Free Money Market Fund Aaa n/a
Wells Fargo Advantage Heritage Money Market Fund(SM) -- Wells Fargo Advantage Prime Investment Money Market Fund -- Wells Fargo Advantage Government Money Market Fund(5) -- Wells Fargo Advantage Treasury Plus Money Market Fund(5) -- Wells Fargo Advantage 100% Treasury Money Market Fund(5) -- Wells Fargo Advantage National Tax-Free Money Market Fund
NEW YORK -- Tax-Free Money Market Fund is assigned a money market fund rating of 'AAA/V1+' by Fitch Ratings.
Touchstone Investments announced today that John Goetz, portfolio manager, and Jay Devine, assistant portfolio manager, of the Touchstone Money Market Fund (TMMXX) and the Touchstone Tax-Free Money Market Fund (TTFXX), were named by Money Fund Report as the top performing portfolio managers in two categories of the 2002 Top Manager Award.
FMUSF seeks to earn significantly more income than a tax-free money market fund in exchange for moderate principal fluctuation.
Government Fund, the Safeco California Tax-Free Income Fund, the Safeco High-Yield Bond Fund, the Safeco Tax-Free Money Market Fund, the Safeco Intermediate-Term Municipal Bond Fund, the Safeco Managed Bond Fund and the Safeco U.
UMB Scout WorldWide Fund - UMB Scout Bond Fund - UMB Scout Stock Fund - UMB Scout Balanced Fund - UMB Scout Regional Fund - UMB Scout Money Market Fund - UMB Scout Capital Preservation Fund - UMB Scout Kansas Tax-Exempt Bond Fund - UMB Scout Tax-Free Money Market Fund The ticker symbols for the funds will not change, and are assigned as follows: - UMB Scout WorldWide Fund, UMBWX - UMB Scout Stock Fund, UMBSX - UMB Scout Regional Fund, UMBHX - UMB Scout Bond Fund UMBBX - UMB Scout Tax-Free Money Market Fund -- UMTXX - UMB Scout Money Market Fund, Prime Portfolio -- UMPXX - UMB Scout Money Market Fund, Federal Portfolio -- UMFXX