National Tax-Exempt Money Market Fund

(redirected from Tax Exempt 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 ?
CHICAGO -- Fitch Ratings has affirmed the 'AAAmmf' rating assigned to Wells Fargo Advantage Municipal Cash Management Money Market Fund, a tax exempt money market fund managed by Wells Fargo Funds Management, LLC (WFFM).
NEW YORK -- Fitch Ratings has affirmed the 'AAAmmf' rating assigned to Wells Fargo Advantage Municipal Cash Management Money Market Fund, a tax exempt money market fund managed by Wells Fargo Funds Management, LLC.
PSLMX) Putnam Tax Exempt Income Fund (Sym: PTAEX, PTBEX, PTXMX) Putnam Tax Exempt Money Market Fund (Sym: PTXXX) Putnam Tax Smart Equity Fund (Sym: PATSX, PBTSX, PCSMX) Putnam Tax-Free High Yield Fund (Sym: PTHAX, PTHYX, PTYMX) Putnam Tax-Free Insured Fund (Sym: PPNAX, PTFIX) Putnam U.
PSLMX) Putnam Tax Exempt Income Fund (PTAEX, PTBEX, PTXMX) Putnam Tax Exempt Money Market Fund (PTXXX) Putnam Tax Smart Equity Fund (PATSX, PBTSX, PCSMX) Putnam Tax-Free High Yield Fund (PTHAX, PTHYX, PTYMX) Putnam Tax-Free Insured Fund (PPNAX, PTFIX) Putnam U.