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 ?
it has acquired assets related to the reorganization of the Touchstone Ohio Tax-Free Money Market Fund into the Federated Ohio Municipal Cash Trust.
related to the reorganisation of the Touchstone Ohio Tax-Free Money Market Fund into the Federated Ohio Municipal Cash Trust, the company said.
have reached a definitive agreement regarding the acquisition by Federated of certain assets relating to Touchstone's management of the Touchstone Ohio Tax-Free Money Market Fund, a series of Touchstone Tax-Free Trust, Federated said on Friday.
Wells Fargo Advantage National Tax-Free Money Market Fund at 'AAAmmf'.
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.
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
Since its founding in 1972, Benham pioneered high-quality conservative investment offerings with products like the first money market fund for individual investors, the first California double tax-free money market fund, the first open-end U.
Star Funds will be adding an International Equity Fund, an Index Fund (simulating the S&P 500) and an Ohio Tax-Free Money Market Fund to the existing Star Family of Funds.
A decline in the funds' share value is not an immediate concern because currently the $390 million Benham California Tax-Free Money Market Fund and the $234 million California Municipal Money Market Fund each has less than a 2% position in securities issued by participants in the Orange County investment fund.
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.