National Tax-Exempt Money Market Fund

(redirected from Tax-Free Money Market Funds)

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).
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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.
announced today that it will begin posting the per-share market value for all of its domestic taxable and tax-free money market funds on a daily basis, beginning later this quarter.
In addition to the new funds, CSIM also manages eight bond funds, including both taxable and tax- free funds, and an array of taxable and tax-free money market funds.
Government Portfolio UBS Select Prime Institutional Fund UBS Select Prime Investor Fund UBS Select Prime Preferred Fund UBS Select Treasury Institutional Fund UBS Select Treasury Preferred Fund UBS Select Treasury Investor Fund US Tax-Free Money Market Funds UBS RMA New Jersey Municipal Money Fund UBS RMA California Municipal Money Fund UBS RMA Tax-Free Fund UBS RMA New York Municipal Money Fund UBS Select Tax-Free Institutional Fund UBS Select Tax-Free Preferred Fund UBS Select Tax-Free Investor Fund
Federated is the largest provider of institutional, rated and state-specific tax-free money market funds and is in the top two percent of all money market fund managers.
The Snapshots report gives an instant overview of the US mutual funds market, and covers stock funds, taxable money market funds, taxable bond funds, hybrid funds, tax-free money market funds and municipal bond funds.
American Century: Benham California Limited-Term Tax-Free is for investors who seek higher income than is typically available from tax-free money market funds.
With the addition of the new funds, the Star Family of Funds will offer 12 open end mutual funds ranging from tax-free money market funds to diversified growth funds.
00 per share asset value of two Alliance tax-free money market funds that hold obligations of bankrupt Orange County, California.
Number of mutual funds in this report Sept 99 Aug 99 Sept 98 Stock Funds 3,810 3,783R 3,452 Hybrid Funds 522 522R 517 Taxable Bond Funds 1,359 1,357R 1,355 Municipal Bond Funds 894 891R 901 Taxable Money Market Funds 696 695R 689 Tax-free Money Market Funds 340 339R 334 Total 7,621 7,587R 7,248
Number of mutual funds in this report Aug 99 July 99 Aug 98 Stock Funds 3,789 3,726R 3,413 Hybrid Funds 523 523R 524 Taxable Bond Funds 1,363 1,348R 1,357 Municipal Bond Funds 894 891R 900 Taxable Money Market Funds 695 692R 684 Tax-free Money Market Funds 339 339R 332 Total 7,603 7,519R 7,210
Number of mutual funds in this report July 99 June 99 July 98 Stock Funds 3,726 3,698R 3,364R Hybrid Funds 523 527R 518 Taxable Bond Funds 1,350 1,341R 1,341 Municipal Bond Funds 891 891R 900 Taxable Money Market Funds 692 686R 688 Tax-free Money Market Funds 339 339 332 Total 7,521 7,482R 7,143 R=revised