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 ?
The Wells Fargo Advantage National Tax Free Money Market Fund seeks current income exempt from federal income tax, while preserving capital and liquidity.
The four Pioneer funds applying to participate in the program are Pioneer Cash Reserves Fund, Pioneer Institutional Money Market Fund, Pioneer Tax Free Money Market Fund, and Pioneer Money Market VCT Portfolio.
The other four new offerings comprise Pioneer Tax Free Money Market Fund, Pioneer Growth Opportunities VCT Portfolio, Pioneer Small Cap Value II VCT Portfolio, and Pioneer Bond VCT Portfolio.
JPMorgan Fleming Asset Management announced today that the institutional shares of the JPMorgan Tax Free Money Market Fund (JTFXX) has been awarded the top place among all triple-A rated tax-free money market funds for 2002 according iMoneyNet's annual Rated Money Fund Report (TM) Awards.
Assets under management in the JPMorgan Tax Free Money Market Fund grew in 2002 to exceed $10 billion and offered investors a 1.
Standard & Poor's today raised its rating on the SSgA Tax Free Money Market Fund to triple-'Am' from double-'Am'.
The SSgA Tax Free Money Market Fund has maintained a double-'Am' rating since February 1996.
Government Fund and Star's Treasury Fund and Tax Free Money Market Fund.